Nonprofit · EIN 47-1544759
ISLE OF PALMS COMMUNITY CORPORATION
Tax-exempt · ISLE OF PALMS, SC 29451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $103,835 | $124,156 | -$20,321 | $90,276 | $0 | $90,276 |
| June 30, 2024 | 990 | $140,852 | $352,299 | -$211,447 | $110,598 | $0 | $110,598 |
| June 30, 2023 | 990 | $479,744 | $467,165 | $12,579 | $322,045 | $42,000 | $280,045 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $49,120
- Program service revenue
- $0
- Investment income
- $16,000
- Net income from fundraising events
- $37,179
- Other revenue
- $38,715
Expenses
- Grants and similar amounts paid
- $114,859
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $800
- Program services (functional)
- $117,783
- Management and general (functional)
- $6,373
Balance sheet and other
- Total assets, start of year
- $110,598
- Total assets, end of year
- $90,276
- Total liabilities, end of year
- $0
- Net assets, end of year
- $90,276
- Net assets without donor restrictions
- $90,276
- Gross receipts
- $112,580
- Employees
- 0
- Year formed
- 1961
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kitty Riley | Member Trustee or director | 1 | $0 |
| Michael Powers | Member Trustee or director | 1 | $0 |
| Dimi Matouchev | Member Trustee or director | 1 | $0 |
| Michelle Priest | Member Trustee or director | 1 | $0 |
| Drew Ross | President Officer | 1 | $0 |
| Scott Toole | President of Exchange Officer | 1 | $0 |
| Kathy Shook | Treasurer Officer | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kitty Riley | Member Trustee or director | 1 | $0 |
| Mike Powers | Member Trustee or director | 1 | $0 |
| Dimi Matouchev | Member Trustee or director | 1 | $0 |
| Kenneth Gillespie | President Officer | 1 | $0 |
| Drew Ross | President of Exchange Officer | 1 | $0 |
| Scott Toole | President Elect Officer | 1 | $0 |
| Kathy Shook | Treasurer Officer | 1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Thompson | Member Trustee or director | 1 | $0 |
| Kitty Riley | President Officer | 1 | $0 |
| Robbie Berg | President of Exchange Officer | 1 | $0 |
| Kenneth Gillespie | President Elect Officer | 1 | $0 |
| Kathy Shook | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 131, ISLE OF PALMS, SC 29451-0131
- In care of
- % KATHLEEN SHOOK
- Mailing address (990-N for 2021)
- PO BOX 131, Isle of Palms SC 29451
- Principal officer (990 for 2024)
- Kathy Shook, PO Box 131, Isle of Palms, SC 29451
- Principal officer (990-N for 2021)
- Kathy Shook, 505 Carolina Blvd, Isle of Palms SC 29451
- Signed the 990
- Kathy Shook, Treasurer
- Phone
- (704) 577-6087
- Return prepared by
- Kathryn M Abraham CPA
Mission
The IOP Community Corporation serves as the non-profit charity associated with the IOP Exchange Club, supporting its mission of four programs of service Americanism, Child Abuse Prevention, Youth and Scholarships and Community Service.
Program accomplishments
- Americanism promotes pride in our country, appreciation for the freedoms granted to American citizens, and gratitude and support to the men and women who serve or have served in the Armed Forces. Americanism celebrates the countrys rich, unique heritage and inspires unity from coast to coast. The IOP Community Corporation specifically provides for homeless veterans, support for suicide prevention, scholarships for veterans, rent assistance and clothing, through various local agencies and hosts veterans groups at the IOP Exchange Club.Expenses $47,004
- Child Abuse Protection provides for 12 Child Abuse Agencies with financial grants funded by the IOP Connector Run, financial cash for needs also during the year, volunteers help clean facilities inside and out, Christmas, landscaping and landscaping during the year and volunteer at the various agency fundraisers. Provide child abuse prevention awareness through a Darkness to Light education session.Expenses $12,378
- Youth and Scholarships provides monetary support to youth sports teams Sponsored youth Baseball, Soccer leagues and Scouts Sunday lunch banquet and Awards Banquets. Also provides educational support through scholarships to 4 Youth of the Year recipients and 4 ACE recipients.Expenses $43,846
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1544759
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $90,276
- Income (IRS master file)
- $112,580
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $103,835 | $124,156 | $90,276 | XML |
| 990 | June 2024 | $140,852 | $352,299 | $110,598 | XML |
| 990 | June 2023 | $479,744 | $467,165 | $322,045 | XML |
| 990-N for 2021 Officer: Kathy Shook | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Kathleen A Shook | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: KATHY SHOOK | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1544759).
Questions about ISLE OF PALMS COMMUNITY CORPORATION
- What is the EIN of ISLE OF PALMS COMMUNITY CORPORATION?
- The employer identification number (EIN) of ISLE OF PALMS COMMUNITY CORPORATION is 47-1544759.
- Is ISLE OF PALMS COMMUNITY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to ISLE OF PALMS COMMUNITY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISLE OF PALMS COMMUNITY CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ISLE OF PALMS COMMUNITY CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ISLE OF PALMS COMMUNITY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ISLE OF PALMS COMMUNITY CORPORATION?
- The 990 for the year ended June 30, 2025 names Kathy Shook.
- Who are the officers and directors of ISLE OF PALMS COMMUNITY CORPORATION?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does ISLE OF PALMS COMMUNITY CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $103,835, expenses of $124,156 and total assets of $90,276 at year end.
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- WILD DUNES COMMUNITY ASSOCIATION INC EIN 57-0650677 · last filed 990 for 2025
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All nonprofits in ISLE OF PALMS · South Carolina · Philanthropy, voluntarism and grantmaking foundations