CATALYST FOUNDATION: Form 990EZ, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CATALYST FOUNDATION (EIN 85-3869699)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-01-15
- IRS object ID
- 202510159349201361
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-01-15T12:38:03-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205788602 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GLASER AND COMPANY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1859 SUMMERVILLE AVE STE 800 | AddressLine1Txt |
| City | CHARLESTON | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 853869699 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CATALYST FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CATA | BusinessNameControlTxt |
| Phone | 8437679300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 FAIRCHILD STREET SUITE 100 | AddressLine1Txt |
| City | CHARLESTON | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29492 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID HAMILTON | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 8437604521 | PhoneNum |
| Signature | 2025-01-13 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIK M GLASER CPA | PreparerPersonNm |
| PTIN | P00724565 | PTIN |
| Phone | 8438490179 | PhoneNum |
| Preparation | 2025-01-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Website Address | N/A | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $40,002 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $40,000 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $2 | InvestmentIncomeAmt |
| Total Revenue | $40,002 | TotalRevenueAmt |
| Fees And Other Pymt To Ind Cntrct | $41,450 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $3,000 | OccupancyRentUtltsAndMaintAmt |
| Other Expenses Total | $141 | OtherExpensesTotalAmt |
| Total Expenses | $44,591 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$4,589 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $588 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$4,001 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $588 | BOYAmt |
| EOY | $2,464 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $588 | BOYAmt |
| EOY | $2,464 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $6,465 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $588 | BOYAmt |
| EOY | -$4,001 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | THE CATALYST FOUNDATION WAS ESTABLISHED IN 2021 TO SUPPORT AND PROMOTE ECONOMIC DEVELOPMENT IN BERKELEY, CHARLESTON AND DORCHESTER COUNTIES OF SOUTH CAROLINA. THE FOUNDATIONS WORK INCLUDES FACILITATING ECONOMIC AND WORKFORCE RELATED RESEARCH STUDIES AND STRATEGIC PLANS, PROVIDING RELATED LEARNING OPPORTUNITIES FOR CURRENT AND EMERGING COMMUNITY LEADERS, CONVENING COMMUNITY LEADERS AROUND ECONOMIC DEVELOPMENT ISSUES, AND SUPPORTING INNOVATIVE PROGRAMS AND INITIATIVES DESIGNED TO ADVANCE THE LOCAL ECONOMY. THE FOUNDATION ALSO WORKS CLOSELY WITH OTHER ECONOMIC AND WORKFORCE DEVELOPMENT ORGANIZATIONS THROUGHOUT THE THREE-COUNTY REGION TO EXPAND AND STRENGTHEN LOCAL JOB OPPORTUNITIES FOR AREA RESIDENTS. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | THE CATALYST FOUNDATION EXISTS TO SUPPORT AND PROMOTE ECONOMIC DEVELOPMENT IN THE THREE-COUNTY CHARLESTON, SC REGION. IN FY23-24, THE CATALYST FOUNDATION PROVIDED PARTIAL FUNDING TO SUPPORT THE SECOND PHASE OF A FEASIBILITY STUDY AND SECTOR ANALYSIS FOR A POTENTIAL CENTER OF EXCELLENCE INNOVATION HUB LOCATED IN THE CHARLESTON REGION. | DescriptionProgramSrvcAccomTxt |
| Program Service Expenses | $20,000 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $20,000 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| TONY POPE | ||
| CHAIR / PRES | 0.04 | $0 |
| REEVES SKEEN | ||
| VICE CHAIR / | 0.04 | $0 |
| WILL RUSSELL | ||
| TREASURER/SE | 0.04 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAIME CALDWELL | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 65 FAIRCHILD ST SUITE 100 | AddressLine1Txt |
| City | CHARLESTON | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29492 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8432777470 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $25,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $40,000 | CurrentTaxYearAmt |
| Total | $100,000 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $25,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $40,000 | CurrentTaxYearAmt |
| Total | $100,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $49,000 | SubstantialContributorsTotAmt |
| Public Support Total170 | $51,000 | PublicSupportTotal170Amt |
| Total Support | $100,000 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.51000 | PublicSupportCY170Pct |
| Public Support PY170 | 0.56000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 16 | EXPENSES FEES 141 TOTAL 141 |
| FORM 990-EZ, PART II, LINE 26 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 6,465 |
| FORM 990-EZ, PART III | THE CATALYST FOUNDATION WAS ESTABLISHED IN 2021 TO SUPPORT AND PROMOTE ECONOMIC DEVELOPMENT IN BERKELEY, CHARLESTON AND DORCHESTER COUNTIES OF SOUTH CAROLINA. THE FOUNDATIONS WORK INCLUDES FACILITATING ECONOMIC AND WORKFORCE RELATED RESEARCH STUDIES AND STRATEGIC PLANS, PROVIDING RELATED LEARNING OPPORTUNITIES FOR CURRENT AND EMERGING COMMUNITY LEADERS, CONVENING COMMUNITY LEADERS AROUND ECONOMIC DEVELOPMENT ISSUES, AND SUPPORTING INNOVATIVE PROGRAMS AND INITIATIVES DESIGNED TO ADVANCE THE LOCAL ECONOMY. THE FOUNDATION ALSO WORKS CLOSELY WITH OTHER ECONOMIC AND WORKFORCE DEVELOPMENT ORGANIZATIONS THROUGHOUT THE THREE-COUNTY REGION TO EXPAND AND STRENGTHEN LOCAL JOB OPPORTUNITIES FOR AREA RESIDENTS. |
| FORM 990-EZ, PART III, LINE 28 | THE CATALYST FOUNDATION EXISTS TO SUPPORT AND PROMOTE ECONOMIC DEVELOPMENT IN THE THREE-COUNTY CHARLESTON, SC REGION. IN FY23-24, THE CATALYST FOUNDATION PROVIDED PARTIAL FUNDING TO SUPPORT THE SECOND PHASE OF A FEASIBILITY STUDY AND SECTOR ANALYSIS FOR A POTENTIAL CENTER OF EXCELLENCE INNOVATION HUB LOCATED IN THE CHARLESTON REGION. |