BETA

EAST POINT ACADEMY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
EAST POINT ACADEMY (EIN 26-4384008)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-04-25
IRS object ID
202201159349301420
Schema version
2020v4.2
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

FieldValueIRS element (for citing)
Return2022-04-25T14:34:22-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN580692043PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MAULDIN & JENKINS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1508 HAMPTON STREETAddressLine1Txt
CityCOLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29201ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264384008EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EAST POINT ACADEMY OF SOUTH CAROLINABusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEASTBusinessNameControlTxt
Phone8039265180PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11043 CHRIS DRIVEAddressLine1Txt
CityWEST COLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29169ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK BOUNDSPersonNm
Person TitleHEAD OF SCHOOLPersonTitleTxt
Phone8039265180PhoneNum
Signature2022-04-25SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMARKPersonFirstNm
Person LastBOUNDSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTIM LYONS CPAPreparerPersonNm
PTINP01365694PTIN
Phone8037995810PhoneNum
Preparation2022-04-25PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK BOUNDSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11043 CHRIS DRIVEAddressLine1Txt
CityWEST COLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29169ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,212,125GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.EASTPOINTSC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionTO PREPARE STUDENTS FOR ACADEMIC AND PERSONAL SUCCESS THROUGH PROFICIENCY IN ENGLISH AND MANDARIN CHINESE, MATH, SCIENCE AND SOCIAL STUDIES WHILE LEARNING IN AN ATMOSPHERE THAT PROMOTES CULTURAL SHARING AND UNDERSTANDING.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee146TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,775,362PYContributionsGrantsAmt
CY Contributions Grants$7,661,183CYContributionsGrantsAmt
PY Program Service Revenue$667,535PYProgramServiceRevenueAmt
CY Program Service Revenue$430,113CYProgramServiceRevenueAmt
PY Investment Income$21,093PYInvestmentIncomeAmt
CY Investment Income$2,488CYInvestmentIncomeAmt
PY Other Revenue$163,244PYOtherRevenueAmt
CY Other Revenue$118,341CYOtherRevenueAmt
PY Total Revenue$7,627,234PYTotalRevenueAmt
CY Total Revenue$8,212,125CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,755,019PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,088,502CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,344,505PYOtherExpensesAmt
CY Other Expenses$3,325,341CYOtherExpensesAmt
PY Total Expenses$8,099,524PYTotalExpensesAmt
CY Total Expenses$8,413,843CYTotalExpensesAmt
PY Revenues Less Expenses-$472,290PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$201,718CYRevenuesLessExpensesAmt
Total Assets BOY$30,500,231TotalAssetsBOYAmt
Total Assets EOY$30,087,081TotalAssetsEOYAmt
Total Liabilities BOY$30,933,286TotalLiabilitiesBOYAmt
Total Liabilities EOY$30,721,854TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$433,055NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$634,773NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionEAST POINT ACADEMY (EPA) IS HELPING ALL STUDENTS DEVELOP THE "WORLD CLASS SKILLS OF THE PROFILE OF THE SOUTH CAROLINA GRADUATE" BY CONTINUING ITS LEGACY OF EXCELLENCE IN ACADEMICS, LANGUAGE IMMERSION, THE ARTS, EXTRACURRICULAR ACTIVITIES AND COMMUNITY SERVICE. DESPITE THE CHALLENGES OF THE COVID-19 PUBLIC HEALTH CRISIS, EPA PROVIDED 5 DAY A WEEK ON-CAMPUS INSTRUCTION THE ENTIRE SCHOOL YEAR. STUDENTS CONTINUED TO EXCEL ACADEMICALLY WHILE GROWING SOCIALLY AND EMOTIONALLY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,459,333ExpenseAmt
Revenue$548,454RevenueAmt
DescEAST POINT ACADEMY (EPA) IS CONTINUING ITS LEGACY OF EXCELLENCE IN ACADEMICS, LANGUAGE IMMERSION, EXTRACURRICULAR ACTIVITIES AND COMMUNITY SERVICE. SUPERIOR ACADEMICS ARE AT THE CENTER OF ALL DECISIONS AT EPA. OUR STUDENTS EXCEL ON STATE ASSESSMENTS, SIGNIFICANTLY EXCEEDING THE STATE STANDARDS. EPA IS SOUTH CAROLINA'S ONLY SCHOOL-WIDE CHINESE LANGUAGE IMMERSION SCHOOL. EPA HAS A FULL COMPLEMENT OF EXTRACURRICULAR AND ATHLETIC PROGRAMS WHICH CHALLENGE STUDENTS AND ENHANCE THE SCHOOL CULTURE AND STUDENT LEARNING. OUR STUDENTS ARE ALSO ENGAGED IN THE COMMUNITY, PARTICIPATING IN AND SPONSORING MANY EVENTS AND ACTIVITIES.Desc
Total Program Service Expenses$4,459,333TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee146EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PRESTIGE SCHOOL SOLUTIONSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8284291469PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1925B PEACHTREE ST NE 514AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30309ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
LISA COLE
BOARD MEMBER AT LARGE1.00Yes (X)$0$0$0
DR MIEKE PEREZ
BOARD MEMBER1.00Yes (X)$0$0$0
DAVID CHAO
BOARD MEMBER1.00Yes (X)$0$0$0
SHELBY LEONARDI
BOARD MEMBER1.00Yes (X)$0$0$0
PAUL WU
BOARD MEMBER1.00Yes (X)$0$0$0
LORA PRILL
CHAIR1.00$0$0$0Yes (X)
ALAN BUCK
VICE CHAIR1.00$0$0$0Yes (X)
ALICE O'CONNOR
TREASURER1.00$0$0$0Yes (X)
WENDY EARLY
SECRETARY1.00$0$0$0Yes (X)
MARK A BOUNDS
HEAD OF SCHOOL40.00$119,374$0$0Yes (X)
TONEKA M GREEN
EMPLOYEE40.00$105,882$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$225,256TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CARTWELLS SCHOOL DINING SERVICES
7092 B HOWARD STREETSPARTANBURGSC29303FOOD SERVICE$176,404
NETSOURCE ET LLC
156 LANGSDALE ROADCOLUMBIASC29212PROMETHEAN ACTIVITY PANELS$111,391
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$7,535,678GovernmentGrantsAmt
All Other Contributions$125,505AllOtherContributionsAmt
Total Contributions$7,661,183TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INSTRUCTOR AND STUDENT611110$270,553$270,553
AFTERSCHOOL CARE611110$158,719$158,719
STUDENT MEALS611110$841$841
FieldValueIRS element (for citing)
Total Program Service Revenue$430,113TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,488TotalRevenueColumnAmt
Exclusion$2,488ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$10,850RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$10,850RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,850TotalRevenueColumnAmt
Related Or Exempt Func Income$10,850RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business611110BusinessCd
Total Revenue Column$107,491TotalRevenueColumnAmt
Related Or Exempt Func Income$107,491RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$107,491OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,212,125TotalRevenueColumnAmt
Related Or Exempt Func Income$548,454RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,488ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$119,374TotalAmt
Program Services$63,268ProgramServicesAmt
Management And General$56,106ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,020,989TotalAmt
Program Services$2,131,124ProgramServicesAmt
Management And General$1,889,865ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$606,982TotalAmt
Program Services$321,700ProgramServicesAmt
Management And General$285,282ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$341,157TotalAmt
Program Services$180,813ProgramServicesAmt
Management And General$160,344ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$55,898TotalAmt
Program Services$29,626ProgramServicesAmt
Management And General$26,272ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$19,500TotalAmt
Program Services$10,335ProgramServicesAmt
Management And General$9,165ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$72,412TotalAmt
Program Services$38,378ProgramServicesAmt
Management And General$34,034ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$64,933TotalAmt
Program Services$34,414ProgramServicesAmt
Management And General$30,519ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$307,849TotalAmt
Program Services$163,160ProgramServicesAmt
Management And General$144,689ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,036,968TotalAmt
Program Services$549,593ProgramServicesAmt
Management And General$487,375ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,381TotalAmt
Program Services$1,792ProgramServicesAmt
Management And General$1,589ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$693,511TotalAmt
Program Services$367,561ProgramServicesAmt
Management And General$325,950ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$65,095TotalAmt
Program Services$34,500ProgramServicesAmt
Management And General$30,595ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SUPPLIES$483,449$256,228$227,221
FOOD SERVICES$226,033$119,797$106,236
DISTRICT FEE$118,386$62,745$55,641
INSTRUCTIONAL SERVICES$91,837$48,674$43,163

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$86,089TotalAmt
Program Services$45,625ProgramServicesAmt
Management And General$40,464ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,413,843TotalAmt
Program Services$4,459,333ProgramServicesAmt
Management And General$3,954,510ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$886,879BOYAmt
EOY$1,834,719EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,730,768BOYAmt
EOY$1,647,876EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$4,853EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$9,305BOYAmt
EOY$8,095EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$28,616,768LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,640,728LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$26,517,043BOYAmt
EOY$25,976,040EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$356,236BOYAmt
EOY$615,498EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$30,500,231BOYAmt
EOY$30,087,081EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$432,128BOYAmt
EOY$355,401EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$134,636BOYAmt
EOY$18,673EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$29,307,340BOYAmt
EOY$29,238,834EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,059,182BOYAmt
EOY$1,108,946EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$30,933,286BOYAmt
EOY$30,721,854EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$433,055BOYAmt
EOY-$893,211EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$258,438EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$433,055BOYAmt
EOY-$634,773EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$30,500,231BOYAmt
EOY$30,087,081EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$201,718ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,918,916OtherCostOrOtherBasisAmt
Book Value$1,918,916BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$26,187,274OtherCostOrOtherBasisAmt
Depreciation$2,311,908DepreciationAmt
Book Value$23,875,366BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$510,578OtherCostOrOtherBasisAmt
Depreciation$328,820DepreciationAmt
Book Value$181,758BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$25,976,040TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
DUE TO SC DEPARTMENT OF EDUCATION$648
PAYROLL LIABILITIES$338,298
PPP LOAN$770,000
FieldValueIRS element (for citing)
Total Liability$1,108,946TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,274,483TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$8,274,483RevenueSubtotalAmt
Other Revenues Not Included-$62,358OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$62,358RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,212,125TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,476,201TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$8,476,201ExpensesSubtotalAmt
Other Expenses Not Included-$62,358OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt-$62,358ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,413,843TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE CORPORATION'S FINANCIAL STATEMENTS DO NOT REFLECT ANY UNCERTAIN TAX POSITIONS UNDER FIN 48.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RECLASSED ITEMS FROM EXPENSE TO REVENUE FOR TAX RETURN PRESENTATION -62,358.
PART XII, LINE 4B - OTHER ADJUSTMENTS:RECLASSED ITEMS FROM REVENUE TO EXPENSE FOR TAX RETURN PRESENTATION -62,358.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc0PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1EAST POINT ACADEMY (EPA) IS HELPING ALL STUDENTS DEVELOP THE "WORLD CLASS SKILLS OF THE PROFILE OF THE SOUTH CAROLINA GRADUATE" BY CONTINUING ITS LEGACY OF EXCELLENCE IN ACADEMICS, LANGUAGE IMMERSION, THE ARTS, EXTRACURRICULAR ACTIVITIES AND COMMUNITY SERVICE. DESPITE THE CHALLENGES OF THE COVID-19 PUBLIC HEALTH CRISIS, EPA PROVIDED 5 DAY A WEEK ON-CAMPUS INSTRUCTION THE ENTIRE SCHOOL YEAR. STUDENTS CONTINUED TO EXCEL ACADEMICALLY WHILE GROWING SOCIALLY AND EMOTIONALLY. EAST POINT ACADEMY IS A GREAT PLACE FOR STUDENTS TO LEARN AND GROW. OUR PANDA CORE VALUES SHAPE OUR SCHOOL CULTURE WHICH CAN BE SUMMED UP IN FOUR WORDS "BE NICE, WORK HARD." STUDENTS, TEACHERS, PARENTS AND STAFF WORK TOGETHER TO MAKE EAST POINT ACADEMY A SCHOOL WHERE EVERY PERSON IS VALUED AND ENCOURAGED TO BE HIS OR HER BEST. SUPERIOR ACADEMICS ARE AT THE CENTER OF ALL DECISIONS AT EAST POINT ACADEMY. OUR STUDENTS EXCEL ON STATE ASSESSMENTS, SIGNIFICANTLY EXCEEDING THE STATE AVERAGE ON SC READY AND SC PASS. WE WERE NAMED THE BEST CHARTER OR PRIVATE SCHOOL BY THE FREE TIMES, THE BEST CHARTER SCHOOL BY THE STATE NEWSPAPER, RATED "A" BY NICHE.COM AND NAMED AS LEXINGTON'S BEST CHARTER SCHOOL. EPA STUDENTS ARE RECEIVING A RICH ACADEMIC PROGRAM WITH A GLOBAL PERSPECTIVE. IN ADDITION TO "RIGOROUS ACADEMICS" EAST POINT ACADEMY ALSO HAS A "GLOBAL FOCUS." WE IMMERSE STUDENTS IN THE MANDARIN LANGUAGE WHILE EXPOSING THEM TO MANY OTHER CULTURES. STUDENTS AT THE ELEMENTARY CAMPUS RECEIVE MANDARIN LANGUAGE INSTRUCTION AS WELL AS BEING TAUGHT MATH, SCIENCE AND RELATED ARTS IN MANDARIN. AT THE MIDDLE CAMPUS, STUDENTS RECEIVE INTENSE LANGUAGE INSTRUCTION FOCUSED ON IMPROVING THEIR LANGUAGE FLUENCY. OUR STUDENTS ARE PROGRESSING IN THEIR LANGUAGE ACQUISITION WHILE EXCELLING IN THEIR CORE CONTENT CLASSES. OUR DEPARTING 8TH GRADE STUDENTS ARE MATRICULATING TO HIGH SCHOOL WITH UP TO NINE CARNEGIE UNIT CREDITS INCLUDING UP TO FOUR IN CHINESE. OUR NEW SPANISH TRACK AT THE MIDDLE CAMPUS IS GOING VERY WELL AND ADDS TO OUR FOCUS ON BEING A GLOBAL, MULTI-CULTURAL SCHOOL. EPA HAS A FULL COMPLEMENT OF EXTRACURRICULAR PROGRAMS. OUR ATHLETIC OPPORTUNITIES INCLUDE COMPETITION ARCHERY, CROSS COUNTRY AND BASKETBALL TEAMS, INTRAMURAL SPORTS, VARIOUS SPORTS CAMPS, RUN HARD CLUB, MARTIAL ARTS AND GYMNASTICS. OUR ARTS OPPORTUNITIES INCLUDE MUSIC, DANCE, PIANO, CELLO, GUITAR, CHORUS, STRINGS AND VARIOUS VISUAL ARTS PROGRAMS. OTHER EXTRACURRICULAR OPTIONS ARE BETA CLUB, MATH KANGAROO, STEM CLUB, JUNIOR LIBRARIAN, TECHNOLOGY CLUB, GARDENING CLUB, RECYCLING CLUB, CHESS CLUB, 3D PRINTING CLUB AND MORE. OUR STUDENT LEADERSHIP PROGRAMS INCLUDE: GIRLS WITH PEARLS, BOW TIE CLUB AND LEADHERSHIP. OUR HORIZONS AFTER SCHOOL PROGRAM WAS RATED AS ONE OF THE BEST IN THE MIDLANDS AND OUR PANDAMONIUM SUMMER PROGRAM PROVIDED A FUN AND ENGAGING EXPERIENCE FOR STUDENTS. EAST POINT ACADEMY WAS NAMED AN ARTS IN THE BASIC CURRICULUM (ABC) CERTIFIED SCHOOL BY THE SOUTH CAROLINA ARTS COMMISSION AND A GREENSTEPS ENVIRONMENTAL SCHOOL BY THE ENVIRONMENTAL EDUCATION ASSOCIATION OF SOUTH CAROLINA. OUR STUDENTS ARE ALSO ENGAGED IN THE COMMUNITY, PARTICIPATING IN AND SPONSORING MANY EVENTS AND ACTIVITIES. OUR ANNUAL SC MOON FEST AND CHINESE NEW YEAR CELEBRATIONS BRING OUR COMMUNITY TOGETHER FOR CULTURAL AWARENESS AND FUN. GIVING BACK TO THE COMMUNITY IS AN IMPORTANT PART OF THE CULTURE AT EPA. EPA HAS SUCCESSFULLY NAVIGATED THE COVID-19 PUBLIC HEALTH CRISIS WITH A FOCUS ON PARENT CHOICE AND A DEDICATION TO THREE GUIDING PRINCIPLES. FIRST, THE HEALTH AND SAFETY OF OUR STUDENTS AND STAFF IS PARAMOUNT. SECOND, WE MUST CONTINUE THE ACADEMIC, SOCIAL AND EMOTIONAL GROWTH OF OUR STUDENTS. FINALLY, WE MUST DO THE FIRST TWO WITHOUT OVERBURDENING OUR TEACHERS AND STAFF. WE HAVE OFFERED ON-CAMPUS INSTRUCTION EVERY SCHOOL DAY DURING THE LAST TWO YEARS OF THE COVID PUBLIC HEALTH CRISIS AND OUR STUDENTS HAVE CONTINUED TO SHINE ACADEMICALLY OUTPERFORMING ALL OUR SURROUNDING DISTRICTS. EAST POINT ACADEMY IS AN EXCEPTIONAL SCHOOL. STUDENTS ARE TAUGHT AND CARED FOR IN A SAFE, LEARNING-FOCUSED ENVIRONMENT. THEY ARE LEARNING THE IMPORTANCE OF STRONG ACADEMICS, VALUING OTHER CULTURES, BEING GREAT CITIZENS, AND TREATING ONE ANOTHER WITH KINDNESS. IT'S AN EXCITING TIME AT EPA, AS WE LIVE UP TO OUR MOTTO OF "MERGING CULTURES, INSPIRING MINDS, EXPANDING HORIZONS!"
FORM 990, PART VI, SECTION B, LINE 11BTHE BOARD CHAIRMAN AND DIRECTOR/PRINCIPAL REVIEW FORM 990 BEFORE IT IS FILED.
FORM 990, PART VI, SECTION B, LINE 15AGOALS REPORTING AND DOCUMENTATION INCLUDING OBJECTIVE DATA COLLECTED ARE REVIEWED. ALSO REVIEWED BY AN ATTORNEY WITH A SUMMARY OF FINDINGS ISSUED TO THE PUBLIC.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT ARE AVAILABLE UPON REQUEST FROM THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.