Upstate Homeschool Co-Op Inc
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 126
- Location
- Taylors, SC
- Founding
- 10/2005
- Data as of
- 06/2023
- EIN
- 20-1380298
Organization Overview
Upstate Homeschool Co-Op Inc is located in Taylors, SC. The organization was established in 2005. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Upstate Homeschool Co-Op Inc employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upstate Homeschool Co-Op Inc 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 06/2023, Upstate Homeschool Co-Op Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 15.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO GLORIFY GOD BY PROVIDING SPIRITUAL, EMOTIONAL, AND ACADEMIC ENRICHMENT TO HOMESCHOOL FAMILIES OF THE UPSTATE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACADEMIC ENRICHMENT TO HOMESCHOOL FAMILIES OF THE UPSTATE OF SOUTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Brown Executive Director | OfficerTrustee | 40 | $97,925 |
Melissa Ferguson Member | Trustee | 20 | $25,757 |
Lemonta Beaty Member | Trustee | 1 | $0 |
Mark Turner Member | Trustee | 1 | $0 |
Tim Williams Member | Trustee | 1 | $0 |
Derek Turner Chairman | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $794 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,477 |
| Total Program Service Revenue | $1,220,114 |
| Investment income | $26,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,607,439 |
| 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. | $123,682 |
| Compensation of current officers, directors, key employees. | $97,925 |
| Compensation to disqualified persons | $811,625 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $71,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,844 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,160 |
| 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 | $143 |
| Insurance | $28,185 |
| All other expenses | $221,969 |
| Total functional expenses | $1,472,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,901 |
| Savings and temporary cash investments | $26,484 |
| 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 | $15,255 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,384,336 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,512,976 |
| Accounts payable and accrued expenses | $6,672 |
| Grants payable | $0 |
| Deferred revenue | $1,030,579 |
| 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 | $1,037,251 |
| Net assets without donor restrictions | $475,725 |
| 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 | $1,512,976 |