South Carolina Policy Council Education Foundation
- Assets
- $543.1k
- Revenue
- $561.2k
- Investments
- $0.0
- Employees
- 13
- Location
- Columbia, SC
- Founding
- 10/1987
- Data as of
- 12/2022
- EIN
- 57-0835744
Organization Overview
South Carolina Policy Council Education Foundation is located in Columbia, SC. The organization was established in 1987. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, South Carolina Policy Council Education Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Policy Council Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, South Carolina Policy Council Education Foundation generated $561.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $546.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTH CAROLINA POLICY COUNCIL WAS FOUNDED IN 1986 AS AN INDEPENDENT, PRIVATE, NON-PARTISAN RESEARCH ORGANIZATION TO PROMOTE THE PRINCIPLES OF LIMITED GOVERNMENT, FREE ENTERPRISE, AND INDIVIDUAL LIBERTY AND RESPONSIBILITY IN THE STATE OF SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SC POLICY COUNCIL RESEARCHED ISSUES SUCH AS ETHICS LAWS FOR SOUTH CAROLINA ELECTED OFFICIALS AND WORKED WITH OTHER NON-PARTISAN CITIZEN GROUPS TO RAISE PUBLIC AWARENESS OF FLAWS IN SOUTH CAROLINA GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mahoney Chairman | Trustee | $0 | |
Alex Kiriakides Board Member | Trustee | $0 | |
Thomas Willcox Board Member | Trustee | $0 | |
Dallas Woodhouse Executive Di | Officer | 40 | $83,689 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $543,313 |
| Noncash contributions included in lines 1a–1f | $6,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,813 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,690 |
| Compensation of current officers, directors, key employees. | $16,738 |
| Compensation to disqualified persons | $45,833 |
| Other salaries and wages | $220,328 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,986 |
| Payroll taxes | $24,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $25,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,328 |
| Office expenses | $5,155 |
| Information technology | $23,882 |
| Royalties | $0 |
| Occupancy | $22,087 |
| Travel | $5,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $880 |
| Insurance | $5,775 |
| All other expenses | $1,109 |
| Total functional expenses | $546,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,605 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $324,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50 |
| Total assets | $543,090 |
| Accounts payable and accrued expenses | $4,235 |
| Grants payable | $0 |
| Deferred revenue | $98,300 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $102,535 |
| Net assets without donor restrictions | $342,255 |
| Net assets with donor restrictions | $98,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $543,090 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Defense And Business Chapel Hill, NC | $2,566,557 | $5,273,535 |
Georgia Budget And Policy Institute Inc Atlanta, GA | $3,080,397 | $2,344,096 |
The Institute Of Consumer Money Management Raleigh, NC | $4,397,839 | $414,692 |
South Carolina Policy Council Education Foundation Columbia, SC | $543,090 | $561,223 |
Smart Alec Atlanta, GA | $14,275 | $0 |
Foothills Health Information Network Seneca, SC | $0 | $0 |
North Carolina Center For Public Policy Research Inc Durham, NC | $80,726 | $112,500 |
Nc Go Inc Durham, NC | $185,293 | $137,889 |
Decoding Culture Foundation Tobaccoville, NC | $65,690 | $0 |
Kuentai-Usa New Bern, NC | $2,883 | $0 |
Piedmont Public Policy Institute Charlotte, NC | $94,729 | $0 |
Generator Studio Inc Atlanta, GA | $2,624 | $0 |
Psl Foundation Columbia, SC | $619,507 | $371,361 |
Carnahan Policy Institute Wilmington, NC | $39,427 | $0 |
The Palmetto Institute Lake City, SC | $23,712 | $0 |
Affordable Healthcare For North Carolina Raleigh, NC | $6,991 | $0 |
Risk Assessment Institute Neeses, SC | $1,072 | $0 |