Waccamaw Community Foundation

Nonprofit profile at a glance

EIN
562121992
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Murrells Inlet, SC, USA
Phone
8433574483
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$6,315,599
Expenses
$3,205,282
Assets
$44,496,374
Liabilities
$2,349,779

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • MICHAEL MANCUSO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MICHAEL MANCUSO (EXECUTIVE DIRECTOR): $148,005 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation is committed to providing the highest level of services to donors, grant recipients and the community; thus, furthering its mission of improving the quality of life in horry and georgetown counties.

What it reported doing in 2025

Grantmaking - our grantmaking spans the community's broadest areas, from arts and culture to community development, and provides critical operational and programmatic support for the network of nonprofit activities in our 2-county service area and beyond. In 2025, the waccamaw community foundation dispersed 232 grants and scholarships totaling $2,414,831. These grants were distributed as follows: 75 grants totaling $373,157 supporting various educational pursuits, 29 grants totaling $361,939 supporting neighborhood and community development, 61 grants totaling $560,210 supporting human needs, 10 grants totaling $83,300 supporting environmental efforts, 21 grants totaling $96,039 supporting health initiatives, and 32 grants totaling $410,158 in support of religious organizations, 9 grants totaling $495,325 in support of the arts, and 10 grants totaling $32,303 supporting animal needs.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.9%; rating input score 61
  • Program expense ratio: 85.7%; rating input score 86
  • Fundraising efficiency: $63.59 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 21st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 85.6%; rating input score 86; 30th 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; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 49.2%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 13.88; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 4.6%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 1.4% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 60.9% of revenue deployed · 85.7% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.7M in reported program spending
  • Leadership: top reported pay $148K · 12 people listed
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 72 filed money-flow records
  • Related organizations: 71 filed related-organization links
  • 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.

  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.
  • Review — Sustainability: Officer compensation ratio scored 59/100.