University School Of The Lowcountry
- Assets
- $728.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 34
- Location
- Mount Pleasant, SC
- Founding
- 01/2009
- Data as of
- 06/2022
- EIN
- 20-8765327
Organization Overview
University School Of The Lowcountry is located in Mount Pleasant, SC. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, University School Of The Lowcountry employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University School Of The Lowcountry 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 06/2022, University School Of The Lowcountry generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE UNIVERSITY SCHOOL OF THE LOWCOUNTRY IS TO BE A FINANCIALLY SUSTAINABLE, GRADE 3 -12 SCHOOL THAT ENGAGES STUDENTS IN A VARIETY OF EMPIRICALLY PROVEN AND FORWARD THINKING (CONTINUED ON SCH. O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL PROGRAMS FOR APPROXIMATELY 80 STUDENTS IN GRADES 3 THROUGH12 IN A FLEXIBLE COMBINATION OF ACCELERATION, ENRICHMENT AND IN THE APPLICATION OF HIGHER-LEVEL THINKING SKILLS. PROVIDED 87,471 IN FINANCIAL ASSISTANCE TO 12 STUDENTS. COLLECTED, DELIVERED AND DISTRIBUTED 9,739 OF FOOD AND NECESSITIES TO NEEDY RESIDENTS IN THE NORTH CHARLESTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Kreutner Head Of Scho | Officer | 40 | $109,352 |
Russell Horres Ph D Chair | OfficerTrustee | 4 | $0 |
Jennifer Boyle Treasurer | OfficerTrustee | 4 | $0 |
Darlene Rawls MD Board Member | Trustee | 0.5 | $0 |
Amy Frain Board Member | Trustee | 0.5 | $0 |
Jimmy Rawls MD Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,646 |
| Related organizations | $0 |
| Government grants | $69,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,841 |
| Total Program Service Revenue | $1,099,905 |
| Investment income | $36 |
| 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 | $1,318,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $97,210 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,352 |
| Compensation of current officers, directors, key employees. | $28,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $577,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,108 |
| Payroll taxes | $51,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,045 |
| Office expenses | $31,746 |
| Information technology | $21,337 |
| Royalties | $0 |
| Occupancy | $66,005 |
| Travel | $77,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,060 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,045 |
| Insurance | $13,914 |
| All other expenses | $7,757 |
| Total functional expenses | $1,208,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,120 |
| Savings and temporary cash investments | $304,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,101 |
| 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 | $2,333 |
| Net Land, buildings, and equipment | $49,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $728,518 |
| Accounts payable and accrued expenses | $2,782 |
| Grants payable | $0 |
| Deferred revenue | $432,756 |
| 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 | $435,538 |
| Net assets without donor restrictions | $238,695 |
| Net assets with donor restrictions | $54,285 |
| 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 | $728,518 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University School Of The Lowcountry has recieved totaling $1,611.
| Awarding Organization | Amount |
|---|---|
Seng Foundation Inc Decatur, GA PURPOSE: TO SUPPORT THE 2020 FOOD DRIVE | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $111 |
Endowment Analysis
| Beg. Balance | $12,500 |
| Net Contributions | $3,800 |
| Ending Balance | $16,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashley Hall Foundation Charleston, SC | $53,552,404 | $18,962,378 |
Heathwood Hall Episcopal School Columbia, SC | $39,181,921 | $20,445,816 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
Greenville Renewable Energy Education Charter School Greenville, SC | $26,163,515 | $17,750,984 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |
Providence Christian Academy Inc Lilburn, GA | $23,088,680 | $16,091,514 |
Carolina Friends School Durham, NC | $47,718,399 | $15,676,975 |