Horry County K-12 Foundation
- Assets
- $547.0k
- Revenue
- $63.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Myrtle Beach, SC
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 20-2264979
Organization Overview
Horry County K-12 Foundation is located in Myrtle Beach, SC. The organization was established in 2005. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Horry County K-12 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, Horry County K-12 Foundation generated $63.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $59.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS FOR EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL OPPORTUNITIES FOR HIGH SCHOOL STUDENTS WITHIN HORRY COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lazarus Treasurer | OfficerTrustee | 2 | $0 |
Tom Collings Secretary | OfficerTrustee | 2 | $0 |
Ian Maquire Chairman | OfficerTrustee | 4 | $0 |
Richard E Lester Director | Trustee | 2 | $0 |
Dr Joseph Moyer Director | Trustee | 2 | $0 |
Steve Robertson Director | Trustee | 2 | $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 | $31,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,825 |
| Total Program Service Revenue | $0 |
| Investment income | $10,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,637 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $48,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,029 |
| Fees for services: Other | $2,192 |
| Advertising and promotion | $0 |
| Office expenses | $358 |
| 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 | $1,122 |
| All other expenses | $82 |
| Total functional expenses | $59,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,961 |
| Savings and temporary cash investments | $56 |
| 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 | $519,013 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $547,030 |
| 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 | $547,030 |
| 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 | $547,030 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Horry County K-12 Foundation has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Lowes Foundation Mooresville, NC | $8,794,184 | $2,155,365 |
Queens University Of Charlotte Endowment Charlotte, NC | $185,539,015 | $2,324,123 |
Women For Women Winterville, NC | $0 | $207,453 |
Western Carolina University Research & Development Corporation Cullowhee, NC | $52,385,182 | $2,471,717 |
Georgia Independent College Association Inc Atlanta, GA | $19,581,572 | $3,001,515 |
We Are Down Home Greensboro, NC | $1,177,766 | $2,334,176 |
Durham Public Schools Foundation Durham, NC | $2,526,701 | $1,530,244 |
Glow Nc Inc Wilmington, NC | $15,878,873 | $3,069,160 |