Laurel Crest Foundation
Nonprofit profile at a glance
- EIN
- 822641629
- IRS 990-EZ coverage
- 2017–2022
- Forms available
- Form 990-EZ 2022
- Location
- Columbia, SC, USA
- Phone
- 8037725885
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
Reported finances
- Revenue
- $1,900
- Expenses
- $4,191
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- REV DR L FRANKLIN FANT JR (EXECUTIVE DIRECTOR)
People named in this filing
- MARK CLARY (DIRECTOR)
- DR STACEY VAN PELT BRENNAN (DIRECTOR)
- MARTHA CASTO (DIRECTOR/SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide assistance to the retirement communities and health facilities owned, operated, or managed by laurel crest retirement community.
What it reported doing in 2022
The organization exists to support the operations and activities of the laruel crest retirement community. In the future as need arises, it will also fund charitable care provided by laurel crest retirement community to qualifying residents admitted in 2019 and afterwards who have, through no fault of their own, exhausted their resources and depend on others to remain in the community.effective 01/01/2023 operations of the foundation are operated by pcsc foundation
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 11
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -120.6%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 94.6% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 8.3% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $4K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2017 to 2022
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 8/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.