Edgefield County School District Education Foundation
- Assets
- $320.2k
- Revenue
- $107.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Edgefield, SC
- Founding
- Data as of
- 12/2021
- EIN
- 85-1285179
Organization Overview
Edgefield County School District Education Foundation is located in Edgefield, SC. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgefield County School District 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 12/2021, Edgefield County School District Education Foundation generated $107.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (38.1%) each year. All expenses for the organization totaled $23.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL, SCHIENTIFIC, LITERARY OR CHARITABLE PURPOSES, INCLUDING FOR SUCH PURPOSES AS THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501C3 OF THE INTERNAL REVENUE CODE OF 1986 (OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW). THE FOUNDATION IS FORMED PRIMARILY TO INCREASE OPPORTUNITIES FOR STUDENTS IN THE EDGEFIELD COUNTY SCHOOL DISTRICT AND MAKE EVERY EFFORT TO PROVIDE QUALITY EDUCATION TO STUDENTS IN THE EDGEFIELD COUNTY AREA. THE FOUNDATION IS CREATED TO SUPPORT EDUCATIONAL PROGRAMS FOR BOTH THE STUDENTS AND THE STAFF OF THE EDGEFIELD COUNTY SCHOOL DISTRICT, IN ADDITION TO PROVIDING OTHER SUPPORTIVE SERVICES AS THESE NEEDS ARE IDENTIFIED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS FORMED PRIMARILY TO INCREASE OPPORTUNITIES FOR STUDENTS IN THE EDGEFIELD COUNTY SCHOOL DISTRICT AND MAKE EVERY EFFORT TO PROVIDE QUALITY EDUCATION TO STUDENTS IN THE EDGEFIELD COUNTY AREA. THE FOUNDATION IS CREATED TO SUPPORT EDUCATIONAL PROGRAMS FOR BOTH THE STUDENTS AND STAFF OF THE EDGEFIELD COUNTY SCHOOL DISTRICT, IN ADDITION TO PROVIDING OTHER SUPPORTIVE SERVICES AS THESE NEEDS ARE IDENTIFIED.
THE FOUNDATION IS FORMED PRIMARILY TO INCREASE OPPORTUNITIES FOR STUDENTS IN THE EDGEFIELD COUNTY SCHOOL DISTRICT AND MAKE EVERY EFFORT TO PROVIDE QUALITY EDUCATION TO STUDENTS IN THE EDGEFIELD COUNTY AREA. THE FOUNDATION IS CREATED TO SUPPORT EDUCATIONAL PROGRAMS FOR BOTH THE STUDENTS AND STAFF OF THE EDGEFIELD COUNTY SCHOOL DISTRICT, IN ADDITION TO PROVIDING OTHER SUPPORTIVE SERVICES AS THESE NEEDS ARE IDENTIFIED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Cherya Clark Vice Chair | Officer | 1 | $0 |
Ashley Davis Chair | Officer | 1 | $0 |
David Fallaw Treasurer | Officer | 1 | $0 |
Jerrilyn Harmon Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,420 |
| Total Program Service Revenue | $0 |
| Investment income | $2,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,650 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,535 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $73,909 |
| 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 | $0 |
| Investments—publicly traded securities | $246,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $320,206 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $320,206 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $320,206 |
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