Seabrook Island Club Employee Assistance Fund

EIN: 921812967 501(c)(3) Human Services

Seabrook Island, SC

Total Revenue
$91,089
Total Expenses
$72,592
Total Assets
$192,518
Net Assets
$192,430
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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
SC
Principal Officer
Lucy Walton
Phone
8437682500
Tax Period
2025-01-01 to 2025-12-31

Seabrook Island Club Employee Assistance Fund, founded in 2023, is a micro nonprofit in the Human Services sector that reported $91K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 20% operating margin.

Mission

The Seabrook Island Employee Assistance Fund raises funds to provide financial assistance to the valued employees of Seabrook Island. The Fund exists to alleviate barriers and inspire success.

Program Service Accomplishments

Program 1
Expenses: $68,144

The Employee Assistance Fund was created in 2023 to be of assistance to the many employees of the Seabrook Island Club, and eventually to eligible employees of the Seabrook Island Property Owners'...

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The Employee Assistance Fund was created in 2023 to be of assistance to the many employees of the Seabrook Island Club, and eventually to eligible employees of the Seabrook Island Property Owners' Association and the Town of Seabrook Island. The fund is supported by donations and by various fundraising events held by the Fund.Seabrook Island Employee Assistance FundThe Seabrook Island Employee Assistance Fund helps employees who are experiencing economic hardship and are unable to afford housing, utilities, and other basic living needs because of a natural disaster; life threatening illness or injury; death or other catastrophic or unforeseen circumstances. Awards may be made in the amount of the hardship up to $4,000. The maximum award is not guaranteed, and in many cases, a lesser amount will be awarded. All payments are made directly to vendors; no assistance funds will be sent directly to applicants and applicants will not be reimbursed. An employee can only be approved for assistance once within a six month period. (Continued on Schedule O) Scholarship FundThe Nancy Beaudway Memorial Scholarship Fund will be launched in early 2026 to allow employees, who qualify, to apply for funding to assist with educational needs such as tuition, certifications or classes to help them become educated in whatever field they choose.Fundraising EventsThe Bourbon, Bluegrass Benefit was a successful fundraising event on March 20, 2025 which included bourbon tastings, a bluegrass quarter, creative food options and a live auction. Approximately $70,000 was raised through ticket sales, sponsorships and live auction items while promoting awareness about the Seabrook Island Employee Assistance Fund.The 2026 spring fundraising event will be the Bootleggers Bash to be held on Thursday, May 14, 2026. This event will offer a 1920's speakeasy type theme with live music, a spirited menu and live auction items. We hope to raise close to $70,000 once again.

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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 $53,063
Program Service Revenue $0
Investment Income $3,344
Other Revenue $34,682
TOTAL REVENUE $91,089

Expense Breakdown

Grants Paid $52,775
Salaries & Benefits $0
Fundraising Expenses $175
Program Expenses $68,144
Other Expenses $19,817
TOTAL EXPENSES $72,592

Year-over-Year Comparison

2025 2024 Change
Revenue $91,089 $120,265 -0.2%
Expenses $72,592 $68,304 +0.1%
Net Income $18,497 $51,961 -0.6%
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
6
Independent Members
6
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lucy Walton Co-President 2.00
Officer Director
$0 $0 $0
Megan Carter Co-President 1.00
Officer Director
$0 $0 $0
Nancy Buck Secretary 1.00
Officer Director
$0 $0 $0
Nancy Beaudway Term ended Director 1.00
Director
$0 $0 $0
Anthony Sirianni Director 1.00
Director
$0 $0 $0
Nancy Swan Director 1.00
Director
$0 $0 $0
Sally Lynch Director 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 $91,089 $72,592 $192,518 $18,497
2024 $120,265 $68,304 $175,257 $51,961
2023 $134,185 $12,356 $122,674 $121,829
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