Learn4life - South Carolina
- Assets
- $1.1m
- Revenue
- $856.9k
- Investments
- $0.0
- Employees
- 10
- Location
- North Charleston, SC
- Founding
- Data as of
- 06/2022
- EIN
- 84-4375813
Organization Overview
Learn4life - South Carolina is located in North Charleston, SC. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Learn4life - South Carolina employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learn4life - South Carolina is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEARN4LIFE IS A PUBLIC CHARTER SCHOOL LOCATED IN NORTH CHARLESTON, SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2021-22 SCHOOL YEAR WAS THE FIRST YEAR OF OPERATIONS AS A SOUTH CAROLINA PUBLIC CHARTER SCHOOL. THE SCHOOL ENROLLED APPROXIMATELY 45 STUDENTS IN GRADES NINE THROUGH TWELVE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel W Luginbill Board Chair | OfficerTrustee | 2 | $0 |
Samuel B Cooper Jr Board Vice Chair | OfficerTrustee | 2 | $0 |
Margaret Harris Secretary | OfficerTrustee | 2 | $0 |
Richard W Thaler Jr Treasurer | OfficerTrustee | 2 | $0 |
Michael Acquilano Board Member | Trustee | 2 | $0 |
Todd Senf Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $856,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $856,856 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| 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 | $856,873 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $409,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,057 |
| Payroll taxes | $29,406 |
| Fees for services: Management | $137,197 |
| Fees for services: Legal | $814 |
| Fees for services: Accounting | $19,197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,641 |
| Advertising and promotion | $9,439 |
| Office expenses | $38,618 |
| Information technology | $46,006 |
| Royalties | $0 |
| Occupancy | $80,767 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,132 |
| Insurance | $17,285 |
| All other expenses | $10,798 |
| Total functional expenses | $1,378,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,494 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $417 |
| 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 | $17,826 |
| Net Land, buildings, and equipment | $816,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,005 |
| Total assets | $1,097,359 |
| Accounts payable and accrued expenses | $55,151 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,650,162 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,705,313 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$607,954 |
| Total liabilities and net assets/fund balances | $1,097,359 |