Charleston Literary Festival Inc

EIN: 813123725 501(c)(3) Arts, Culture & Humanities

Charleston, SC

Total Revenue
$1,692,898
Total Expenses
$1,266,119
Total Assets
$925,714
Net Assets
$877,746
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
SC
Principal Officer
Sarah Moriarty
Phone
8436973833
Tax Period
2024-01-01 to 2024-12-31

Charleston Literary Festival Inc, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $427K, a strong 25% operating margin.

Mission

Charleston Literary Festival, Inc. produces a curated, annual program of events with a distinctly international flavor in the historic setting of Charleston, South Carolina. It brings together world class authors and speakers on a variety of topics to build conversations around some of today's most important and inspiring books and ideas.

Program Service Accomplishments

Program 1
Expenses: $1,046,799 Revenue: $296,518

Charleston Literary Festival was thrilled to announce the full lineup of world-class authors and innovative literary experiences that was featured at the Historic Dock Street Theatre from November...

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Charleston Literary Festival was thrilled to announce the full lineup of world-class authors and innovative literary experiences that was featured at the Historic Dock Street Theatre from November 1st to November 10th. The Festival had 37 events for the season.The Festival's line-up reflects the Festival's commitment to world-class programming with an international edge and constant innovation in the literary arts. We're honored to host a 10-day celebration bubbling over with award-winning authors, big ideas, and lively conversations. From producing a world premiere play with an internationally recognized creative team to launching the CLF Cato Fellowship to promote writers in North and (Continued on Schedule O) South Carolina, this year's Festival showed that there are no limits to what we can create in our thriving literary city.The Cato Fellowship Prize is awarded to two highly-skilled writers of fiction, creative nonfiction, or poetry who are resident in North or South Carolina. Writers receive a full residency in Charleston during the ten days of Charleston Literary Festival with full access to the Festival events, authors, and a writing desk in Dock Street Theatre as well as a cash prize of $7,500. The Charleston Literary Festival's Young Writers Awards seeks to elevate teen voices while supporting their talents and providing the encouragement needed to be lifelong creators. The Awards align with South Carolina ELA State Standards and are open to 9th 12th grade students currently enrolled in a Charleston County public school. The Awards offer opportunities for recognition of teachers and students, cash prizes, and participation in Literary Festival events. The Literary Festival wishes that the recognition received will show young authors that their voices are valuable and provide them with a launchpad for careers centered in the literary arts.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,367,939
Program Service Revenue $296,518
Investment Income $26,034
Other Revenue $2,407
TOTAL REVENUE $1,692,898

Expense Breakdown

Grants Paid $27,130
Salaries & Benefits $120,000
Fundraising Expenses $107,799
Program Expenses $1,046,799
Other Expenses $1,118,989
TOTAL EXPENSES $1,266,119

Year-over-Year Comparison

2024 2023 Change
Revenue $1,692,898 $1,070,680 +0.6%
Expenses $1,266,119 $1,010,162 +0.3%
Net Income $426,779 $60,518 +6.1%
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
19
Independent Members
19
Employees
N/A
Volunteers
115

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
$120,000
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Walter Fiederowicz Chair 15.00
Officer Director
$0 $0 $0
Wenda Harris Millard Vice Chair 3.00
Officer Director
$0 $0 $0
Anne Blessing Secretary 2.00
Officer Director
$0 $0 $0
James Marino Treasurer 4.00
Officer Director
$0 $0 $0
Summer Anderson Director 2.00
Director
$0 $0 $0
Jasmine Burns Director 2.00
Director
$0 $0 $0
Sam Easley Director 2.00
Director
$0 $0 $0
Paul Galvani Director 2.00
Director
$0 $0 $0
Laura Gates Director 2.00
Director
$0 $0 $0
Belinda Gergel Director 2.00
Director
$0 $0 $0
Deborah Kennedy Kennard Director 2.00
Director
$0 $0 $0
Dr Kim Long Term Ended Director 2.00
Director
$0 $0 $0
Leigh McNairy Director 2.00
Director
$0 $0 $0
Victor Young Director 2.00
Director
$0 $0 $0
Deborah Gage Founder and Director 4.00
Director
$0 $0 $0
Leilani Brown Director 2.00
Director
$0 $0 $0
Rock Hillenbrand Director 2.00
Director
$0 $0 $0
Monica Langley Director 2.00
Director
$0 $0 $0
Peter McCausland Director 2.00
Director
$0 $0 $0
Martha Rhodes McLendon director 2.00
Director
$0 $0 $0
Sarah Moriarty Executive Director 40.00
Officer
$120,000 $0 $120,000
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 No data No data No data No data
2024 $1,692,898 $1,266,119 $925,714 $426,779
2023 $1,070,680 $1,010,162 $539,560 $60,518
2022 $636,314 $478,354 $468,165 $157,960
2022 $379,046 $380,347 $476,808 $-1,301
2021 $428,080 $292,485 $305,593 $135,595
2020 $317,305 $356,340 $166,467 $-39,035
2019 $365,368 $265,811 $205,510 $99,557
2018 $242,889 $164,785 $105,953 $78,104
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