Charleston School Of Law Foundation
- Assets
- $1.2m
- Revenue
- $175.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Charleston, SC
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 20-0596694
Organization Overview
Charleston School Of Law Foundation is located in Charleston, SC. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston School Of Law Foundation 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHARLESTON SCHOOL OF LAW FOUNDATION INC IS TO ENCOURAGE AND ASSIST THE STUDY, TEACHING, PROMOTING AND RESEARCH OF THE RULE OF LAW IN CHARLESTON, SOUTH CAROLINA AND ALL RELATED SUBJECT AREAS AS DETERMINED BY THE BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARLESTON SCHOOL OF LAW FOUNDATION INC. WORKS DIRECTLY WITH THE CHARLESTON SCHOOL OF LAW TO SUPPORT ITS HIGH-QUALITY LEGAL TRAINING AND TO INSTILL A SENSE AND COMMITMENT OF PUBLIC SERVICE IN STUDENTS. TO THIS END, THE FOUNDATION HAS SOLICITED AND RECEIVED GIFTS FOR SCHOLARSHIPS AND AWARDS TO RECRUIT AND RETAIN TALENTED STUDENTS; HAS CREATED SPECIAL FUNDS TO SUPPORT STUDENT ACTIVITIES SUCH AS THE ADVOCATES FUND FOR MOOT COURT AND MOCK TRAIL TRAINING; AND CREATES SCHOLARSHIP FUNDS WITH THE STUDENT BAR ASSOCIATION AND FAMILIES IN MEMORY OF STUDENTS WHO HAVE DIED SUCH AS THE KEITH J. (KJ) WILLIAMS MEMORIAL FUND, THE JONATHAN "JON" VICTOR HUGHES MEMORIAL FUND, THE CATHERINE (CAT) WESTBROOK PRIDE IN LAW MEMORIAL FUND AND THE RACIAL AND ETHNIC MINORITY SCHOLARSHIP FUND; AND SEEKS TO RETAIN STRONG STUDENTS WHO STRUGGLE FINANCIALLY.
THE FOUNDATION CREATED THE ADVOCATES FUND TO SUPPORT OUR SUCCESSFUL MOOT COURT, MOCK TRIAL AND CHARLESTON LAW REVIEW PROJECTS, AND TO ENCOURAGE AND FUND STUDENTS TO PARTICIPATE IN ADDITIONAL COMPETITIONS. THE FOUNDATION WORKS CLOSELY WITH THE SCHOOL'S ALUMNI TO INVOLVE GRADUATES IN COMMUNITY AND SCHOOL EFFORTS TO EXPAND CAREER AND WORK OPPORTUNITIES SUCH AS INVOLVING STUDENTS IN VARIOUS WORK FAIRS AND CONFERENCES REGIONALLY AND NATIONALLY.
THE FOUNDATION RECOGNIZES ITS PLACE AS A LEADER IN THE CHARLESTON, SOUTH CAROLINA AND REGIONAL COMMUNITIES. OUR MISSION INCLUDES PARTICIPATING WITH COMMUNITY PROGRAMS THAT DIRECTLY RESPOND TO OUR MISSION TO SUPPORT HIGH-LEVEL LEGAL EDUCATION AND INCREASED CURRENT KNOWLEDGE OF THE LAW. AS AN EXAMPLE, FOR YEARS THE FOUNDATION COLLABORATED WITH THE CHARLESTON LAW REVIEW AND THE RILEY INSTITUTE AT FURMAN TO SUPPORT THEIR ANNUAL SYMPOSIUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen C Young Executive Director | Officer | 16 | $33,500 |
Mavis G Huger Secretary | OfficerTrustee | 4 | $0 |
Hal E Cobb Chairman | OfficerTrustee | 4 | $0 |
Carl I Carlson IV Treasurer | OfficerTrustee | 4 | $0 |
Jane E Diange Vice Chair | OfficerTrustee | 4 | $0 |
Andrew J Mccumber Director | Trustee | 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 | $131,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,425 |
| Total Program Service Revenue | $8,634 |
| Investment income | $34,941 |
| 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 | $175,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,364 |
| Grants and other assistance to domestic individuals. | $16,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,500 |
| Compensation of current officers, directors, key employees. | $15,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,563 |
| 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 | $0 |
| Fees for services: Other | $15,228 |
| Advertising and promotion | $888 |
| Office expenses | $0 |
| Information technology | $2,698 |
| 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 | $1,104 |
| All other expenses | $0 |
| Total functional expenses | $134,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $21,000 |
| 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 | $990,014 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,169,776 |
| Accounts payable and accrued expenses | $14,887 |
| 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 | $14,887 |
| Net assets without donor restrictions | $41,122 |
| Net assets with donor restrictions | $1,113,767 |
| 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 | $1,169,776 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charleston School Of Law Foundation has recieved totaling $7,143.
| Awarding Organization | Amount |
|---|---|
Virginia B Gourdin Char Tr 2013897230 Las Vegas, NV PURPOSE: GENERAL OPERATING | $7,143 |
Endowment Analysis
| Beg. Balance | $1,204,801 |
| Earnings | $151,214 |
| Net Contributions | $94,418 |
| Grants | $73,285 |
| Ending Balance | $1,377,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |