SOAPSTONE PRESERVATION ENDOWMENT INC

EIN: 920309884 501(c)(3) Arts, Culture & Humanities

MARIETTA, SC

Total Revenue
$386,743
Total Expenses
$6,853
Total Assets
$543,638
Net Assets
$543,638
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
SC
Phone
8644141325
Tax Period
2024-01-01 to 2024-12-31

SOAPSTONE PRESERVATION ENDOWMENT INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $387K in total revenue in fiscal year 2024. Revenue surged 209% from the prior year, signaling strong growth momentum. The organization ran a surplus of $380K, a strong 98% operating margin.

Mission

PROTECT AND PROMOTE THE HISTORY AND LEGACY OF THE LIBERIA COMMUNITY AND SOAPSTONE BAPTIST CHURCH FOUNDED BY FREED SLAVES IN 1965

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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 $378,215
Program Service Revenue $0
Investment Income $8,528
Other Revenue $0
TOTAL REVENUE $386,743

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,591
Other Expenses $6,853
TOTAL EXPENSES $6,853

Year-over-Year Comparison

2024 2023 Change
Revenue $386,743 $125,336 +2.1%
Expenses $6,853 $8,378 -0.2%
Net Income $379,890 $116,958 +2.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
15

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEGGY BAXTER DIRECTOR 1.00
Director
$0 $0 $0
MABLE OWENS CLARKE DIRECTOR 5.00
Director
$0 $0 $0
JEFFREY CRADDOCK DIRECTOR 1.00
Director
$0 $0 $0
DON LINEBACK DIRECTOR 1.00
Director
$0 $0 $0
CHESTER TROWER DIRECTOR 1.00
Director
$0 $0 $0
CARLTON N OWEN CHAIRMANPRESIDENT 15.00
Officer
$0 $0 $0
ANDREW DOUGLAS SECRETARYTREASURER 1.00
Officer
$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 No data No data No data No data
2024 $386,743 $6,853 $543,638 $379,890
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