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Employer Identification Number 57-0870145

FOLLY ASSOCIATION OF BUSINESS is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:FOLLY ASSOCIATION OF BUSINESS
Employer identification number (EIN):57-0870145
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTHE PROMOTION OF BUSINESS AND TOURISM IN FOLLY BEACH, S.C.
Number of Employees0
Number of Volunteers54
Year Formed1989

Organization Governance

Legal DomicileSC
Voting Members - Governing Body4
Voting Members - Independent4

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 18,228
Program Service Revenue from current yearUSD $ 2,252
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ -31,702
Other Revenue from current yearUSD $ 14,809
Gross receipts from all sourcesUSD $ 293,676
Net assets / fund balances at end of fiscal yearUSD $ 217,695
Net assets / fund balances at beginning of fiscal yearUSD $ 188,274
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 2,500
Total assets at end of fiscal yearUSD $ 217,695
Total assets at beginning of fiscal yearUSD $ 190,774
Revenues less expenses for current yearUSD $ 29,421
Revenues less expenses for previous yearUSD $ 47,403
Total expenses for current yearUSD $ 124,193
Total expenses for previous yearUSD $ 62,814
Other expenses in current yearUSD $ 119,763
Other expenses in previous yearUSD $ 61,314
Total fundraising expenses in current yearUSD $ 50
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 4,430
Grants and similar amounts paid in previous yearUSD $ 1,500
Total revenue in current fiscal yearUSD $ 153,614
Total revenue in previous fiscal yearUSD $ 110,217
Contributions and grants from current yearUSD $ 136,553
Contributions and grants from previous yearUSD $ 123,691
Gross income from fundraising eventsUSD $ 152,371
Total of other revenueUSD $ 2,500
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,460
Program Service Revenue from current yearUSD $ 18,228
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ -24,145
Other Revenue from current yearUSD $ -31,702
Gross receipts from all sourcesUSD $ 149,748
Net assets / fund balances at end of fiscal yearUSD $ 188,274
Net assets / fund balances at beginning of fiscal yearUSD $ 134,328
Total liabilities at end of fiscal yearUSD $ 2,500
Total liabilities at beginning of fiscal yearUSD $ 2,500
Total assets at end of fiscal yearUSD $ 190,774
Total assets at beginning of fiscal yearUSD $ 136,828
Revenues less expenses for current yearUSD $ 47,403
Revenues less expenses for previous yearUSD $ -51,035
Total expenses for current yearUSD $ 62,814
Total expenses for previous yearUSD $ 85,478
Other expenses in current yearUSD $ 61,314
Other expenses in previous yearUSD $ 71,957
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,500
Grants and similar amounts paid in previous yearUSD $ 13,521
Total revenue in current fiscal yearUSD $ 110,217
Total revenue in previous fiscal yearUSD $ 34,443
Contributions and grants from current yearUSD $ 123,691
Contributions and grants from previous yearUSD $ 57,128
Gross income from fundraising eventsUSD $ 7,829
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 6,043
Program Service Revenue from current yearUSD $ 1,460
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ -67,822
Other Revenue from current yearUSD $ -24,145
Gross receipts from all sourcesUSD $ 92,999
Net assets / fund balances at end of fiscal yearUSD $ 134,328
Net assets / fund balances at beginning of fiscal yearUSD $ 185,363
Total liabilities at end of fiscal yearUSD $ 2,500
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 136,828
Total assets at beginning of fiscal yearUSD $ 185,363
Revenues less expenses for current yearUSD $ -51,035
Revenues less expenses for previous yearUSD $ 11,748
Total expenses for current yearUSD $ 85,478
Total expenses for previous yearUSD $ 98,403
Other expenses in current yearUSD $ 71,957
Other expenses in previous yearUSD $ 86,158
Total fundraising expenses in current yearUSD $ 104
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 13,521
Grants and similar amounts paid in previous yearUSD $ 12,245
Total revenue in current fiscal yearUSD $ 34,443
Total revenue in previous fiscal yearUSD $ 110,151
Contributions and grants from current yearUSD $ 57,128
Contributions and grants from previous yearUSD $ 171,930
Gross income from fundraising eventsUSD $ 34,411
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,490
Program Service Revenue from current yearUSD $ 900
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 3,625
Other Revenue from current yearUSD $ 34,534
Gross receipts from all sourcesUSD $ 255,281
Net assets / fund balances at end of fiscal yearUSD $ 173,615
Net assets / fund balances at beginning of fiscal yearUSD $ 166,961
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 173,615
Total assets at beginning of fiscal yearUSD $ 166,961
Revenues less expenses for current yearUSD $ 6,654
Revenues less expenses for previous yearUSD $ 23,535
Total expenses for current yearUSD $ 107,546
Total expenses for previous yearUSD $ 76,680
Other expenses in current yearUSD $ 78,046
Other expenses in previous yearUSD $ 58,926
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 29,500
Grants and similar amounts paid in previous yearUSD $ 17,754
Total revenue in current fiscal yearUSD $ 114,200
Total revenue in previous fiscal yearUSD $ 100,215
Contributions and grants from current yearUSD $ 78,766
Contributions and grants from previous yearUSD $ 92,100
Gross income from fundraising eventsUSD $ 175,615
2017-12-31
Gross receipts from all sourcesUSD $ 171,367
Net assets / fund balances at end of fiscal yearUSD $ 166,961
Net assets / fund balances at beginning of fiscal yearUSD $ 143,426
Contributions, Grants, Gifts etc from current yearUSD $ 92,100
Gross income from fundraising eventsUSD $ 74,777
Direct expenses fromspecial eventsUSD $ 71,152
Total revenueUSD $ 100,215
Grants and similar amounts paidUSD $ 17,754
Fees and other payments to independent contractorsUSD $ 2,125
Total of all other expensesUSD $ 56,008
Total of all expensesUSD $ 76,680
Net assets or fund balances at end of yearUSD $ 23,535
Revenue from membership duesUSD $ 4,490
Net difference of special event income minus expensesUSD $ 3,625
2015-12-31
Gross receipts from all sourcesUSD $ 90,572
Net assets / fund balances at end of fiscal yearUSD $ 99,399
Net assets / fund balances at beginning of fiscal yearUSD $ 79,560
Contributions, Grants, Gifts etc from current yearUSD $ 56,500
Gross income from fundraising eventsUSD $ 31,539
Direct expenses fromspecial eventsUSD $ 23,328
Total revenueUSD $ 67,244
Grants and similar amounts paidUSD $ 4,500
Total of all other expensesUSD $ 42,905
Total of all expensesUSD $ 47,405
Net assets or fund balances at end of yearUSD $ 19,839
Revenue from membership duesUSD $ 2,533
Net difference of special event income minus expensesUSD $ 8,211
2014-12-31
Gross receipts from all sourcesUSD $ 56,154
Net assets / fund balances at end of fiscal yearUSD $ 79,560
Net assets / fund balances at beginning of fiscal yearUSD $ 122,218
Contributions, Grants, Gifts etc from current yearUSD $ 28,475
Gross income from fundraising eventsUSD $ 26,179
Direct expenses fromspecial eventsUSD $ 22,204
Total revenueUSD $ 33,950
Grants and similar amounts paidUSD $ 10,000
Fees and other payments to independent contractorsUSD $ 2,400
Total of all other expensesUSD $ 64,208
Total of all expensesUSD $ 76,608
Net assets or fund balances at end of yearUSD $ -42,658
Revenue from membership duesUSD $ 1,500
Net difference of special event income minus expensesUSD $ 3,975

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 570870145

USA Mailing Address
PO BOX 43
FOLLY BEACH
SC
29439
Date first seen: 2008-09-01
Date last seen: 2024-06-30

EIN Events

Event Date Event description
2011-12-31Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2011

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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