CHARLESTON COLLEGIATE SCHOOL: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CHARLESTON COLLEGIATE SCHOOL (EIN 57-0524957)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-04-04
- IRS object ID
- 201230959349300513
- Schema version
- 2010v3.4
- 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) |
|---|---|---|
| Timestamp | 2012-04-04T09:57:22-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELCH ROBERTS & AMBURN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 157 EAST BAY STREET | AddressLine1 |
| City | CHARLESTON | City |
| State | SC | State |
| ZIP Code | 29401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570524957 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLESTON COLLEGIATE SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHAR | NameControl |
| Phone | 8435595506 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2024 ACADEMY DRIVE | AddressLine1 |
| City | JOHNS ISLAND | City |
| State | SC | State |
| ZIP Code | 29455 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CAROL A FRANEK | Name |
| Title | HEADMASTER | Title |
| Phone | 8032611453 | Phone |
| Date Signed | 2012-04-04 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FRANKLIN H AMBURN CPA | Name |
| Phone | 8435770148 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CAROL A FRANEK | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2024 ACADEMY DRIVE | AddressLine1 |
| City | JOHNS ISLAND | City |
| State | SC | State |
| ZIP Code | 29455 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3482362 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | HTTP://WWW.CHARLESTONCOLLEGIATE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1970 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | EDUCATIONAL INSTRUCTION FOR 1ST THROUGH 12TH GRADES, CHILD DEVELOPMENT & EXTRACURRICULAR ACTIVITIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 89 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 603809 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1341147 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2544785 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2141215 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 9860 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -59652 | OtherRevenuePriorYear |
| Other Revenue Current Year | -34885 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3098802 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3447477 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2152958 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2201765 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 94221 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1215739 | OtherExpensePriorYear |
| Other Expenses Current Year | 1301831 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3368697 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3503596 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -269895 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -56119 | RevenuesLessExpensesCY |
| Total Assets BOY | 1598930 | TotalAssetsBOY |
| Total Assets EOY | 2243020 | TotalAssetsEOY |
| Total Liabilities BOY | 4534184 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5234393 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -2935254 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -2991373 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF CHARLESTON COLLEGIATE SCHOOL IS TO HAVE A POSITIVE IMPACT ON OUR STUDENTS, SO THAT THEY MAY POSITIVELY IMPACT THE WORLD AROUND THEM. THE SCHOOL PREPARES STUDENTS IN A PROGRESSIVE LEARNING ENVIRONMENT TO FACE LIFES CHALLENGES WITH CONFIDENCE, STRONG PROBLEM-SOLVING SKILLS, AND A SOLID ETHICAL FOUNDATION. CHARLESTON COLLEGIATE IS A COMMUNITY OF CULTURAL AND ECONOMIC DIVERSITY WHICH FOSTERS COMPASSION, SOCIAL AWARENESS, AND RESPECT FOR COMMUNITY AND ENVIRONMENT | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1364415 | Expense |
| Revenue | 2030678 | Revenue |
| Description | STUDENT INSTRUCTION | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 116164 | Expense |
| Description | STUDENT DEVELOPMENT | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 236274 | Expense |
| Revenue | 110537 | Revenue |
| Description | STUDENT EXTRA CURRICULAR ACTIVITIES | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 1716853 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 23 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 89 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENDALL REILLY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8435595506 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2024 ACADEMY DRIVE | AddressLine1 |
| City | JOHNS ISLAND | City |
| State | SC | State |
| ZIP Code | 29455 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| RUTH BAKER | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| DON COGGIOLA | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| NEDRA F HECKER | ||||||
| BOARD CHAIR | 5.00 | X | 0 | 0 | 0 | |
| LOIS DAUGHTRIGE | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| CHRIS DRURY | ||||||
| SECRETARY | 5.00 | X | 0 | 0 | 0 | |
| CHRIS FREDERICKS | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| MARLON KIMPSON | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| JOHN E THOMPSON | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| TREVOR FOSTER | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| BILL MCTIGHE | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| DENNIS MAXWELL | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| GRADY QUERY | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| BUDDY MORGAN | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| CHARLOTTE SMITH | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| ROBERT STINE | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| TIM WILLIAMS | ||||||
| TREASURER | 5.00 | X | 0 | 0 | 0 | |
| JIM HUTCHISSON | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| NELSON PLOCH | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| GINA SCHIRMER | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| BUBBA SIMMONS | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| CATHY WESTERBERG | ||||||
| BOARD MEMBER | 3.00 | X | 0 | 0 | 0 | |
| JAMES R SHIRLEY | ||||||
| HEADMASTER | 40.00 | 111333 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 111333 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 127814 | FundraisingEvents |
| All Other Contributions | 1213333 | AllOtherContributions |
| Total Contributions | 1341147 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611110 | 2005202 | 2005202 |
| SCHOOL ACTIVITIES | 611110 | 110537 | 110537 |
| REGISTRATION FEE | 611110 | 25476 | 25476 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2141215 | TotalProgramServiceRevenue |
| Gross Income Fundraising Events | 0 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 127814 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 34885 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -34885 | TotalRevenueColumn |
| Exclusion | -$34,885 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3447477 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2141215 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$34,885 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111333 | Total |
| Management And General | 111333 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1791590 | Total |
| Program Services | 1269232 | ProgramServices |
| Management And General | 522358 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148696 | Total |
| Program Services | 99179 | ProgramServices |
| Management And General | 49517 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150146 | Total |
| Program Services | 100146 | ProgramServices |
| Management And General | 50000 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2568 | Total |
| Management And General | 2568 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29117 | Total |
| Management And General | 29117 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92773 | Total |
| Management And General | 4647 | ManagementAndGeneral |
| Fundraising | 88126 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25804 | Total |
| Management And General | 25804 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3441 | Total |
| Program Services | 3441 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234874 | Total |
| Management And General | 234874 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 130352 | Total |
| Management And General | 130352 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97952 | Total |
| Management And General | 97952 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| MAINTENANCE CONTRACTS | 125158 | 125158 | |
| BAD DEBTS | 101890 | 101890 | |
| UTILITIES | 84364 | 84364 | |
| STUDENT ACTIVITIES | 77091 | 77091 | |
| ATHLETICS | 76952 | 76952 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 219495 | Total |
| Program Services | 90812 | ProgramServices |
| Management And General | 122588 | ManagementAndGeneral |
| Fundraising | 6095 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3503596 | Total |
| Program Services | 1716853 | ProgramServices |
| Management And General | 1692522 | ManagementAndGeneral |
| Fundraising | 94221 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121315 | BOY |
| EOY | 453266 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 200323 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 159133 | BOY |
| EOY | 456758 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107933 | BOY |
| EOY | 87196 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25354 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2249645 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1255952 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 925997 | BOY |
| EOY | 993693 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 259198 | BOY |
| EOY | 51784 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1598930 | BOY |
| EOY | 2243020 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 392860 | BOY |
| EOY | 329549 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 914355 | BOY |
| EOY | 855020 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1750000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2998599 | BOY |
| EOY | 2279135 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 228370 | BOY |
| EOY | 20689 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4534184 | BOY |
| EOY | 5234393 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -3331435 | BOY |
| EOY | -3693987 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 196181 | BOY |
| EOY | 502614 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200000 | BOY |
| EOY | 200000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -2935254 | BOY |
| EOY | -2991373 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1598930 | BOY |
| EOY | 2243020 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -56119 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 200000 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 2832 | InvestmentEarningsOrLosses |
| Other Expenditures | 202832 | OtherExpenditures |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 57920 | OtherCostOrOtherBasis |
| Book Value | 57920 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1547659 | OtherCostOrOtherBasis |
| Depreciation | 772545 | Depreciation |
| Book Value | 775114 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 644066 | OtherCostOrOtherBasis |
| Depreciation | 483407 | Depreciation |
| Book Value | 160659 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 993693 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CAPITAL LEASE PAYABLE | Description |
| Amount | $20,689 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 20689 | TotalOfAmounts |
| Total Revenue | 3447477 | TotalRevenue |
| Total Expenses | 3503596 | TotalExpenses |
| Excess Or Deficit For Year | -56119 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | -56119 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3482362 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 34885 | OtherRevenues |
| Revenue Not Rptd F990 | 34885 | RevenueNotRptdF990 |
| Revenue Subtotal | 3447477 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3447477 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3538481 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 34885 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 34885 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3503596 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3503596 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE DIFFERENCE BETWEEN THE TAX RETURN AND AUDITED FINANCIAL STATEMENTS IS DUE TO THE WAY THE IRS WANTS NONPROFITS TO REPORT FUNDRAISING EVENT EXPENSES. THESE ARE CONSIDERED EXPENSES IN THE FINANCIAL STATEMENTS VERSUS CONTRA-INCOME ACCOUNTS ON THE TAX RETURN. | Explanation |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | INCLUDED ON SCHOOL LITERATURE | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 94904 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 94904 | CharitableContributionsEvent1 |
| Other Direct Expenses Event1 | 17035 | OtherDirectExpensesEvent1 |
| Name Of Event2 | SMALL EVENTS | NameOfEvent2 |
| Gross Receipts Event2 | 32910 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 32910 | CharitableContributionsEvent2 |
| Other Direct Expenses Event2 | 17850 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 127814 | GrossReceiptsTotal |
| Charitable Contributions Total | 127814 | CharitableContributionsTotal |
| Other Direct Expenses Total Events | 34885 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 34885 | DirectExpenseSummaryEvents |
| Net Income Summary | -34885 | NetIncomeSummary |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTH CAROLINA ECONOMIC DEVELOPMENT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Date Issued | 2011-05-04 | DateIssued |
| Issue Price | 1750000 | IssuePrice |
| Description Of Purpose | TO PROVIDE CAPITAL TO PAY DOWN DEBT INCURRED FROM CAPITAL EXPENSES. | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 1750000 | TotalProceeds |
| Amount In Reserve Fund | 78750 | AmountInReserveFund |
| Issuance Costs From Proceeds | 35000 | IssuanceCostsFromProceeds |
| Other Spent Proceeds | 1636250 | OtherSpentProceeds |
| Year Of Subst Completion | 2011 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS REVIEWED BY THE HEADMASTER AND THE DIRECTOR OF FINANCE AND OPERATIONS PRIOR TO THE FORM BEING FILED. | |
| BOARD OF DIRECTORS DETERMINES SALARY OF HEADMASTER. | FORM 990, PART VI, SECTION B, LINE 15A | |
| 990 IS AVAILABLE UPON REQUEST | FORM 990, PART VI, SECTION C, LINE 18 | |
| ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| THE FINANCE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENTS PRIOR TO ISSUANCE. |
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