Palmetto State Teachers Association
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 6
- Location
- West Columbia, SC
- Founding
- 01/1982
- Data as of
- 04/2024
- 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 04/2024, Palmetto State Teachers Association employed 6 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 04/2024, Palmetto State Teachers Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.6m during the year ending 04/2024. While expenses have increased by 3.3% per year over the past 5 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
2024
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 |
|---|---|---|---|
Jeff Maxey President | OfficerTrustee | 1 | $0 |
Cely Johnson President El | OfficerTrustee | 1 | $0 |
Betsy Portune Past Preside | OfficerTrustee | 1 | $0 |
Ramona Mccoy-Cummings Secretary | OfficerTrustee | 1 | $0 |
Tj Galloway Treasurer | OfficerTrustee | 1 | $0 |
Shaketa Walker-Luersen District 1 | 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 | $1,664,090 |
| Investment income | $21,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,697,802 |
| 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. | $171,021 |
| Compensation of current officers, directors, key employees. | $34,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,194 |
| Pension plan accruals and contributions | $111,565 |
| Other employee benefits | $85,141 |
| Payroll taxes | $44,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $84,870 |
| 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 | $996 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,508 |
| Travel | $39,430 |
| 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 | $3,061 |
| Insurance | $160,369 |
| All other expenses | $68,872 |
| Total functional expenses | $1,644,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,388,239 |
| 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 |
| Net Land, buildings, and equipment | $88,778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,477,017 |
| 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 | $1,477,017 |
| 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 | $1,477,017 |