FRIENDS OF THE HUNLEY INC

EIN: 582345821 501(c)(3) Arts, Culture & Humanities

NORTH CHARLESTON, SC

Total Revenue
$775,226
Total Expenses
$788,114
Total Assets
$1,217,335
Net Assets
$529,237
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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
1997
Legal Domicile
SC
Principal Officer
KELLEN BUTLER
Phone
8437434865
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF THE HUNLEY INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $775K in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO PROCURE, MANAGE, AND EXPEND CHARITABLE DONATIONS FOR THE RAISING,RESTORATION, PRESERVATION, AND DISPLAY OF THE H. L. HUNLEY SUBMARINE ANDRELATED ARTIFACTS.

Program Service Accomplishments

Program 1
Expenses: $445,148 Revenue: $282,511

FRIENDS OF THE HUNLEY, INC. (FOTH) PROCURES DONATIONS AND RAISES FUNDS TO SUPPORT THE CONSERVATION AND DISPLAY OF THE CIVIL WAR SUBMARINE, H.L. HUNLEY, AND ITS ASSOCIATED ARTIFACTS. FOTH MANAGES...

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FRIENDS OF THE HUNLEY, INC. (FOTH) PROCURES DONATIONS AND RAISES FUNDS TO SUPPORT THE CONSERVATION AND DISPLAY OF THE CIVIL WAR SUBMARINE, H.L. HUNLEY, AND ITS ASSOCIATED ARTIFACTS. FOTH MANAGES PUBLIC TOURS OF THE SUBMARINE, GIVEN BY VOLUNTEERS. THE TOURS ARE EDUCATIONAL AND PROVIDE THE HISTORY OF THE SUBMARINE, THE TECHNOLOGY EMPLOYED FOR ITSSUCCESS, AND THE SCIENCE OF ITS CONSERVATION. FOTH ALSO MANAGES HUNLEY-RELATED MERCHANDISE SALES VIA A PHYSICAL STORE AND AN ON-LINE WEB STORE. FOTH OFFERS A MEMBERSHIP PROGRAM WHICH GENERATES REVENUE AS WELL AS PROVIDES KNOWLEDGE ABOUT THE SUBMARINE THROUGH A NEWSLETTER AND ACCESS TO SPECIAL FEATURES ON FOTH WEBSITE BUT DOES NOT PROVIDE ANY ADDITIONAL BENEFITS AS MEMBERS. ALL PROCEEDS FROM TOURS, MERCHANDISE SALES, AND MEMBERSHIPS ARE USED TO CONSERVE AND DISPLAY THE SUBMARINE AND ARTIFACTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $469,341
Program Service Revenue $287,017
Investment Income $19,690
Other Revenue $-822
TOTAL REVENUE $775,226

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $124,138
Program Expenses $445,148
Other Expenses $764,450
TOTAL EXPENSES $788,114

Year-over-Year Comparison

2025 2024 Change
Revenue $775,226 $618,459 +0.3%
Expenses $788,114 $712,529 +0.1%
Net Income $-12,888 $-94,070 -0.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
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
2
$13,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAINE PEERY BOARD MEMBER 1.00
Director
$0 $0 $0
KENNETH RILEY BOARD MEMBER 1.00
Director
$0 $0 $0
LEWIS GOSSETT BOARD MEMBER 1.00
Director
$0 $0 $0
SAMUEL W HOWELL IV CHAIRMAN OF THE BOARD 2.00
Director
$0 $0 $0
JASON PUHLASKY BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN HAZZARD V.PRESIDENT/TREASURER 5.00
Officer
$0 $0 $5,000
KELLEN BUTLER PRESIDENT/SECRETARY 40.00
Officer
$0 $0 $8,000
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 $775,226 $788,114 $1,217,335 $-12,888
2024 $618,459 $712,529 $1,274,391 $-94,070
2023 $720,308 $720,308 $1,395,883 No data
2022 $717,077 $717,077 $1,437,233 No data
2021 $893,536 $893,536 $1,463,625 No data
2020 $605,123 $769,738 $1,387,079 $-164,615
2020 $619,978 $784,593 $1,387,079 $-164,615
2019 $837,188 $837,188 $1,737,866 No data
2019 $845,253 $845,255 $1,737,866 $-2
2018 $913,958 $913,958 $1,935,679 No data
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