COASTAL DISCOVERY MUSEUM

EIN: 570801415 501(c)(3) Arts, Culture & Humanities

HILTON HEAD ISLAND, SC

Total Revenue
$1,862,874
Total Expenses
$1,927,814
Total Assets
$9,165,405
Net Assets
$8,913,998
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
SC
Principal Officer
REX GARNIEWICZ
Phone
8436896767
Tax Period
2024-07-01 to 2025-06-30

COASTAL DISCOVERY MUSEUM, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $8.9M represent 57 months of operating reserves.

Mission

TO COMMUNICATE TO ITS MEMBERS AND TO THE GENERAL PUBLIC THE SIGNIFICANCE OF THE CULTURAL AND ENVIRONMENTAL HERITAGE OF THE LOWCOUNTRY; TO PROVIDE EDUCATIONAL PROGRAMMING TO RESIDENTS OF AND VISITORS TO HILTON HEAD, SC.

Program Service Accomplishments

Program 1
Expenses: $1,434,226

TO COMMUNICATE TO ITS MEMBERS AND TO THE GENERAL PUBLIC THE SIGNIFICANCE OF THE CULTURAL AND ENVIRONMENTAL HERITAGE OF THE LOWCOUNTRY; TO PROVIDE EDUCATIONAL PROGRAMMING TO RESIDENTS OF AND VISITORS...

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TO COMMUNICATE TO ITS MEMBERS AND TO THE GENERAL PUBLIC THE SIGNIFICANCE OF THE CULTURAL AND ENVIRONMENTAL HERITAGE OF THE LOWCOUNTRY; TO PROVIDE EDUCATIONAL PROGRAMMING TO RESIDENTS OF AND VISITORS TO HILTON HEAD ISLAND, 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 (2024)

Revenue Breakdown

Contributions & Grants $1,092,252
Program Service Revenue $395,276
Investment Income $109,617
Other Revenue $265,729
TOTAL REVENUE $1,862,874

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,172,958
Fundraising Expenses $74,232
Program Expenses $1,434,226
Other Expenses $754,856
TOTAL EXPENSES $1,927,814

Year-over-Year Comparison

2024 2023 Change
Revenue $1,862,874 $2,444,065 -0.2%
Expenses $1,927,814 $1,792,181 +0.1%
Net Income $-64,940 $651,884 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
24
Volunteers
300

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
5
$268,012
Total Directors
15
$268,012
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAYE BLACK MEMBER 1.00
Director
$0 $0 $0
LINDSAY BUNTING MEMBER 1.00
Director
$0 $0 $0
JUDITH DUNNING MEMBER 1.00
Director
$0 $0 $0
REX GARNIEWICZ PRESIDENT AN 40.00
Officer Director
$241,042 $26,970 $268,012
JOHN GILBERT MEMBER 1.00
Director
$0 $0 $0
LESLEY GREEN SECRETARY 1.00
Officer Director
$0 $0 $0
FREDERICK HACK VICE CHAIR 1.00
Officer Director
$0 $0 $0
FRED MANSKE JR EMERITUS 1.00
Director
$0 $0 $0
MARGARET MCMANUS CHAIR 1.00
Officer Director
$0 $0 $0
LAWRENCE KRAMER MEMBER 1.00
Director
$0 $0 $0
LESLIE RICHARDSON MEMBER 1.00
Director
$0 $0 $0
BURN SEARS MEMBER 1.00
Director
$0 $0 $0
PAUL STEVENS TREASURER 1.00
Officer Director
$0 $0 $0
LORI WELLINGHOFF MEMBER 1.00
Director
$0 $0 $0
DR ROSELLE L WILSON MEMBER 1.00
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
2025 $1,862,874 $1,927,814 $9,165,405 $-64,940
2024 $2,444,065 $1,792,181 $9,093,997 $651,884
2023 $2,293,516 $1,463,301 $8,611,739 $830,215
2022 $1,911,663 $1,509,476 $7,166,489 $402,187
2021 $1,562,651 $1,469,797 $6,960,433 $92,854
2020 $1,559,348 $1,465,596 $6,451,285 $93,752
2019 $1,641,718 $1,574,514 $6,404,805 $67,204
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