Seabrook Island Club Employee Assistance Fund

What it reported doing in 2025

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.

Financial Efficiency

• Mission deployment rate: 75.7%; rating input score 76
• Program expense ratio: 93.9%; rating input score 94
• Fundraising efficiency: $303.22 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 3 of 7 controls in place; rating input score 43
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 20.3%; rating input score 70; 70th percentile among comparable filings
• Total-asset coverage ratio: 2.65; rating input score 42; 42nd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

• Program expense growth: 63% per year; rating input score 100; 95th percentile among comparable filings
• Revenue growth: -18.7% per year; rating input score 0; 20th percentile among comparable filings
• Asset growth: 21.4% per year; rating input score 100; 90th percentile among comparable filings