South Carolina Science Academy
- Assets
- $370.9k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 47
- Location
- Columbia, SC
- Founding
- 01/2014
- Data as of
- 06/2017
- EIN
- 45-3109163
Organization Overview
South Carolina Science Academy is located in Columbia, SC. The organization was established in 2014. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. As of 06/2017, South Carolina Science Academy employed 47 individuals. South Carolina Science Academy 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 06/2017, South Carolina Science Academy generated $1.6m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.6m during the year ending 06/2017. While expenses have increased by 5.3% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTH CAROLINA SCIENCE ADADEMYS MISSION IS TO DEVELOP INNOVATIVE LEADERS BY PROVIDING TO A DIVERSE STUDENT BODY A WORLD-CLASS EDUCATION DESIGNED WITH A SCIENCE FOCUS WITHIN THE CORE ACADEMIC COURSES THROUGH EMPHASIZING SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM).
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED UNDER THE SOUTH CAOLINA CHARTER SCHOOL ACT, THE SCHOOL PROVIDES ACADEMIC CHOICE FOR PARENTS AND STUDENT WHILE EXPANDING THE CAPACITY OF THE PUBLIC SCHOOL SYSTEM IN SOUTH CAROLINA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Timothy Murph Executive Director | Officer | 0 | $34,737 |
Bob Higgins Chairperson | OfficerTrustee | 5 | $0 |
Tracy Young Vice Chairman | OfficerTrustee | 0 | $0 |
Rebecca Martin Member | Trustee | 0 | $0 |
Jennie Yon Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,509,868 |
| Investment income | $0 |
| 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 | $1,578,757 |
| Statement of Expenses | |
|---|---|
| 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. | $34,737 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $693,535 |
| Pension plan accruals and contributions | $77,355 |
| Other employee benefits | $96,365 |
| Payroll taxes | $62,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,833 |
| Fees for services: Accounting | $12,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,727 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $286,468 |
| Travel | $5 |
| 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 | $53,493 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,616,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,544 |
| 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 | $15,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,942 |
| Accounts payable and accrued expenses | $65,105 |
| Grants payable | $0 |
| Deferred revenue | $5,544 |
| 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 | $224,781 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $295,430 |
| Net assets without donor restrictions | $75,512 |
| 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 |
| Total liabilities and net assets/fund balances | $75,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project South The Institution For The Elimination Poverty & Genocide Atlanta, GA | $27,866,929 | $28,428,472 |
Life Sciences Research Foundation Charlotte, NC | $3,832,665 | $3,418,112 |
William R Kenan Jr Fund For Eng Technology And Science Chapel Hill, NC | $28,890,222 | $1,436,534 |
South Carolina Science Academy Columbia, SC | $370,942 | $1,578,757 |
Institute For Southern Studies Inc Durham, NC | $2,316,271 | $478,768 |
Step Up Savannah Inc Savannah, GA | $717,377 | $706,772 |
Social Work Innovations Inc Columbia, SC | $1,682 | $0 |