SISTERS OF CHARITY FOUNDATION OF SOUTH CAROLINA

EIN: 570708391 501(c)(3) Religion

Cleveland, OH

Total Revenue
$6,722,671
Total Expenses
$4,794,515
Total Assets
$84,131,957
Net Assets
$84,030,102
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
SC
Principal Officer
Donna Waites
Phone
2166965560
Tax Period
2023-01-01 to 2023-12-31

SISTERS OF CHARITY FOUNDATION OF SOUTH CAROLINA, founded in 1983, is a community nonprofit in the Religion sector that reported $6.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.9M, a strong 29% operating margin.

Mission

The Sisters of Charity Foundation of South Carolina (SCF) is dedicated to furthering the mission, ministry, and purpose of the Sisters of Charity of St. Augustine and personalizing Catholic values by action, advocacy, and leadership.

Program Service Accomplishments

Program 1
Expenses: $1,259,474 Revenue: $0

The Sisters of Charity Foundation of South Carolina is a faith-based organization deeply rooted in the principles of the gospel and the traditions of the Catholic Church. As a ministry of the Sisters...

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The Sisters of Charity Foundation of South Carolina is a faith-based organization deeply rooted in the principles of the gospel and the traditions of the Catholic Church. As a ministry of the Sisters of Charity Health System the Foundation is committed to addressing the cause and effects of poverty in South Carolina. The Foundation is dedicated to efforts which help build a sustainable healthy economy, promote educational success, support stronger families, contribute to long-term community development, and to the measurement of the effects of these efforts.

Program 2
Expenses: $2,834,623 Revenue: $0

The Sisters of Charity Foundation of South Carolina provides grant funding through an application process to nonprofit organizations that do one or more of the following for people experiencing...

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The Sisters of Charity Foundation of South Carolina provides grant funding through an application process to nonprofit organizations that do one or more of the following for people experiencing poverty in the state: meet immediate needs, break the cycle of poverty, and/or make change at a system level. The organizations that receive grant funding work in the areas of health, education, and social services.

Program 3
Expenses: $415,090 Revenue: $0

To help meet its mission, the Sisters of Charity Foundation of South Carolina is committed to the following programmatic activities: conducting and/or commissioning research that relates to the...

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To help meet its mission, the Sisters of Charity Foundation of South Carolina is committed to the following programmatic activities: conducting and/or commissioning research that relates to the causes and consequences of poverty; plan for and execute advocacy activities that support local, state, and federal policy change that will remove barriers for people experiencing poverty; conduct learning opportunities both internally and externally in the area of Diversity, Equity, and Inclusion to understand the historical and systemic causes of poverty and how to break through barriers in the future; provide capacity building and technical support for grantee partners; and convene stakeholders across all sectors to collaborate to reduce poverty in South Carolina.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $38,863
Program Service Revenue $0
Investment Income $6,683,808
Other Revenue $0
TOTAL REVENUE $6,722,671

Expense Breakdown

Grants Paid $2,656,000
Salaries & Benefits $887,655
Fundraising Expenses $0
Program Expenses $4,509,187
Other Expenses $1,250,860
TOTAL EXPENSES $4,794,515

Year-over-Year Comparison

2023 2022 Change
Revenue $6,722,671 $6,338,238 +0.1%
Expenses $4,794,515 $5,171,493 -0.1%
Net Income $1,928,156 $1,166,745 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
18
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$771,020
Total Directors
18
$1,136,350
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jan Murphy Ex Officio 1
Director
$0 $55,700 $661,695
Melissa J Rogers Assistant Treasurer 1
Officer
$0 $80,020 $540,470
Susanna Krey Trustee 1
Director
$0 $63,040 $474,655
Donna Waites President 40
Officer
$0 $40,680 $230,550
Macon Lovelace Chair 1
Officer Director
$0 $0 $0
Thomas P Otis Vice Chair 1
Officer Director
$0 $0 $0
Gerald Smalls Treasurer 1
Officer Director
$0 $0 $0
Joseph Lee Pearson Secretary 1
Officer Director
$0 $0 $0
Sr Judith Ann Karam CSA Trustee 1
Director
$0 $0 $0
J Michael McCabe CFP Trustee 1
Director
$0 $0 $0
Patricia J Moore-Pastides MPH Trustee 1
Director
$0 $0 $0
Pamela T Bryant Trustee 1
Director
$0 $0 $0
Maria Smoak Trustee 1
Director
$0 $0 $0
Reshma Khan Trustee 1
Director
$0 $0 $0
Lisa Garnett Bernardin Trustee 1
Director
$0 $0 $0
T Mitchell Watson Trustee 1
Director
$0 $0 $0
Tigerron Wells Trustee 1
Director
$0 $0 $0
Tracy S Bailey Trustee 1
Director
$0 $0 $0
Julio E Mendoza Jr Trustee 1
Director
$0 $0 $0
Rev Tony McDade Trustee 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,722,671 $4,794,515 $84,131,957 $1,928,156
2022 $6,338,238 $5,171,493 $81,995,481 $1,166,745
2021 $3,663,141 $4,711,550 $112,898,417 $-1,048,409
2020 $3,545,394 $5,146,809 $109,151,220 $-1,601,415
2019 $4,497,394 $5,154,028 $100,285,560 $-656,634
2018 $6,099,890 $4,797,370 $90,575,454 $1,302,520
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