South Carolina Connections Academy Inc
- Assets
- $14.6m
- Revenue
- $47.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 08/2010
- Data as of
- 06/2021
- EIN
- 26-1966726
Organization Overview
South Carolina Connections Academy Inc is located in Columbia, SC. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. South Carolina Connections Academy 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 06/2021, South Carolina Connections Academy Inc generated $47.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $46.4m during the year ending 06/2021. While expenses have increased by 11.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SC CONNECTIONS ACADEMY IS A PUBLIC VIRTUAL CHARTER SCHOOL THAT SERVES STUDENTS GRADES K-12. THE SCHOOL OPENED IN AUGUST 2008. STUDENTS RESIDING IN SOUTH CAROLINA ARE ELIGIBLE TO ATTEND THE SCHOOL IF THEY MEET APPLICABLE ENROLLMENT REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTH CAROLINA CONNECTIONS ACADEMY, INC. IS A PUBLIC VIRTUAL CHARTER SCHOOL LOCATED IN COLUMBIA, SOUTH CAROLINA THAT SERVES STUDENTS IN GRADES K-12. THE ACADEMY IS A NEW FORM OF FREE PUBLIC SCHOOL THAT STUDENTS ATTEND FROM HOME. THE PURPOSE OF SC CONNECTIONS ACADEMY IS TO HELP EACH STUDENT MAXIMIZE HIS OR HER POTENTIAL AND MEET THE HIGHEST PERFORMANCE STANDARDS IN EDUCATION UTILIZING TECHNOLOGY, INTERACTION BETWEEN STUDENTS, FAMILY AND TEACHERS. SC CONNECTIONS ACADEMY HAD OVER 6,400 STUDENTS ENROLLED OVER THE 2020-2021 SCHOOL YEAR, SIMILAR TO THE PRIOR SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meka Childs Secretary | Officer | 1 | $0 |
Gary Prince President | Officer | 1 | $0 |
Rebecca Battle-Bryant Sr Treasurer | Officer | 1 | $0 |
Adam Hall Vice President | Officer | 1 | $0 |
Ashley Quinn Board Member | Trustee | 1 | $0 |
Ashley Newton Board Member | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,687,498 |
| Investment income | $15,779 |
| 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 | $47,709,935 |
| 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 | $12,223,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,992,687 |
| Payroll taxes | $913,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $193,471 |
| Information technology | $336,380 |
| Royalties | $0 |
| Occupancy | $144,926 |
| Travel | $56,594 |
| 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 | $119,624 |
| Insurance | $3,000 |
| All other expenses | $1,365,434 |
| Total functional expenses | $46,356,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,877,967 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,393,394 |
| 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 | $212,625 |
| Net Land, buildings, and equipment | $148,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,632,201 |
| Accounts payable and accrued expenses | $1,330,174 |
| Grants payable | $0 |
| Deferred revenue | $280,000 |
| 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 | $4,136,741 |
| Total liabilities | $5,746,915 |
| Net assets without donor restrictions | $8,885,286 |
| 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 | $14,632,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fair Fight Action Inc Atlanta, GA | $4,976,834 | $29,928,008 |
South Carolina Connections Academy Inc Columbia, SC | $14,632,201 | $47,709,935 |
South Carolina Learns Greenville, SC | $20,739,195 | $35,702,373 |
South Carolina Virtual Charter School West Columbia, SC | $14,646,057 | $37,851,009 |
Landmark Christian School Fairburn, GA | $28,586,929 | $25,037,540 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Global Service Network Inc Apex, NC | $3,942,579 | $9,338,562 |