Spring Valley Education Foundation
- Assets
- $511.4k
- Revenue
- $93.5k
- Investments
- $427.1k
- Employees
- 1
- Location
- Columbia, SC
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 57-0762304
Organization Overview
Spring Valley Education Foundation is located in Columbia, SC. The organization was established in 1984. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, 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. Spring Valley Education Foundation 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, Spring Valley Education Foundation generated $93.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $65.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 8 years. 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
SUPPORT FOR SPRING VALLEY HIGH SCHOOL IN RICHLAND SCHOOL DISTRICT TWO, RICHLAND COUNTY, COLUMBIA, SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRING VALLEY HIGH SCHOOL IS A PUBLIC SCHOOL LOCATED IN DISTRICT TWO, RICHLAND COUNTY, COLUMBIA, SOUTH CAROLINA. ALL AWARDS, GRANTS, EQUIPMENT PURCHASES, ETC. ARE FOR THE EXCLUSIVE BENEFIT OF SPRING VALLEY HIGH SCHOOL.
THE FOUNDATION FUNDS CERTAIN SCHOLARSHIPS FOR STUDENTS OF SPRING VALLEY HIGH SCHOOL.
THE FOUNDATION FUNDS CERTAIN STUDENT TUTORING PROGRAMS FOR SPRING VALLEY HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dusty Broadway-Amick Executive Director | Trustee | 30 | $28,403 |
Ben Nesbit Emeritis | Trustee | 1 | $0 |
Michelle Wyatt Board Member | Trustee | 1 | $0 |
Susan Brill Board Member | Trustee | 1 | $0 |
Donette Isreal Board Member | Trustee | 1 | $0 |
Danny Stubbs Golf Co-Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,278 |
| Investment income | $12,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,776 |
| Net Income from Fundraising Events | $16,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $13,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,403 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,356 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $65,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,217 |
| 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 | $427,135 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $511,352 |
| 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 | $289,603 |
| Net assets with donor restrictions | $221,749 |
| 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 | $511,352 |