Palmetto State Teachers Association
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- West Columbia, SC
- Founding
- 01/1982
- Data as of
- 04/2021
- EIN
- 57-0644021
Organization Overview
Palmetto State Teachers Association is located in West Columbia, SC. The organization was established in 1982. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 04/2021, Palmetto State Teachers Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto State Teachers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2021, Palmetto State Teachers Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.4m during the year ending 04/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMBER EDUCATION AND LIABILITY INSURANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OFFERS ITS MEMBERS REDUCED PREMIUMS ON TEACHER LIABILITY INSURANCE, CONTRIBUTES TO SCHOLARSHIP FOUNDATIONS, DISTRIBUTES PUBLICATIONS, PROVIDES CONFERENCES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy F Maness Executive Di | OfficerTrustee | 40 | $140,723 |
Covington B Watson Employee | 40 | $107,761 | |
Betsy Portune President | OfficerTrustee | 0 | $0 |
Nikkina Mcknight Past Preside | OfficerTrustee | 0 | $0 |
Zoan Stokes President El | OfficerTrustee | 0 | $0 |
Cely Johnson Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,915 |
| 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 | $1,742,395 |
| 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. | $140,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $577,482 |
| Pension plan accruals and contributions | $80,585 |
| Other employee benefits | $24,818 |
| Payroll taxes | $57,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,220 |
| 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 | $1,675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,955 |
| Travel | $15,760 |
| 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 | $7,454 |
| Insurance | $163,585 |
| All other expenses | $0 |
| Total functional expenses | $1,380,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,176,854 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,190,716 |
| Accounts payable and accrued expenses | $6,794 |
| 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 | $6,794 |
| Net assets without donor restrictions | $0 |
| 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 | $1,183,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia School Boards Association Inc Lawrenceville, GA | $6,628,869 | $7,234,902 |
Center For Credentialing And Education Inc Greensboro, NC | $13,101,154 | $10,633,640 |
Avondale Education Association Inc Decatur, GA | $8,429,300 | $7,595,655 |
Georgia Association Of Educators Inc Tucker, GA | $8,973,666 | $5,902,220 |
Manning Educational Association Manning, SC | $2,830,843 | $5,355,218 |
Accreditation Commission For Education In Nursing Inc Atlanta, GA | $17,255,204 | $6,907,699 |
Golden Key International Honour Society Inc Atlanta, GA | $2,042,384 | $4,009,170 |
Association Of Boarding Schools Asheville, NC | $2,223,734 | $3,305,157 |
Southern Association Of Independent Schools Norcross, GA | $3,858,512 | $2,184,827 |
Federal Education Association Fayetteville, NC | $880,658 | $1,600,938 |
Palmetto State Teachers Association West Columbia, SC | $1,190,716 | $1,742,395 |
Federal Education Association-State Side Region Fayetteville, NC | $576,613 | $1,172,253 |