South Carolina Governors School For Sci & Math Foundation Inc
- Assets
- $14.0m
- Revenue
- $1.3m
- Investments
- $12.8m
- Employees
- 6
- Location
- Columbia, SC
- Founding
- 06/1990
- Data as of
- 06/2023
- EIN
- 57-0881347
Organization Overview
South Carolina Governors School For Sci & Math Foundation Inc is located in Columbia, SC. The organization was established in 1990. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, South Carolina Governors School For Sci & Math Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Governors School For Sci & Math Foundation 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 06/2023, South Carolina Governors School For Sci & Math Foundation Inc generated $1.3m 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 (6.2%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ADVOCATES FOR THE SOUTH CAROLINA GOVERNOR'S SCHOOL OF SCIENCE & MATHEMATICS AND PROVIDES FUNDS AND SUPPORT TO ENHANCE ITS PROGRAMS AND EDUCATIONAL ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THESE EXPENSES INCLUDE MANY OF THE PROGRAMS THAT THE FOUNDATION FUNDS ON BEHALF OF GSSM INCLUDING: FINANCIAL AID FOR MEAL PLANS AND OTHER STUDENT ASSISTANCE, WHICH CAN INCLUDE APPLICATION FEES, COLLEGE VISITS, TEST FEES THAT STUDENT MAY INCUR BUT WHO FINANCIALLY MAY NOT BE ABLE TO AFFORD AND STUDENT COUNCIL PROJECTS. WE ALSO SUPPORT THE STUDENTS IN THEIR ACADEMICS CLUBS AND COMPETITIONS WITH FUNDS FOR EQUIPMENT, TRAVEL, LODGING AND FOOD, ACCELERATE, GSSM'S STATEWIDE VIRTUAL ENGINEERING PROGRAM, ECONOMICS & FINANCE INSTITUTE, PASE, STATEWIDE TEACHER TRAINING, AND ENGAGE, A LOCAL MIDDLE SCHOOL AFTERSCHOOL TECHNOLOGY PROGRAM LEAD BY THE STUDENTS AT GSSM. GSSM ELEMENTARY BRINGS STEM EDUCATION TO ELEMENTARY SCHOOLS VIA THE STEM BUS, A HANDS ON EXPERIENCE OF ALL THINGS STEM FOR STUDENTS IN UNDERSERVED AREAS OF SOUTH CAROLINA. THESE EXPENSES ALSO INCLUDE AN ALLOCATION OF THE FOUNDATION SALARY EXPENSE REPRESENTING THE WORK THE FOUNDATION STAFF DOES ON THESE PROGRAMS.
STUDENT RESEARCH & UNIQUE CLASSROOM OPPORTUNITIES: GSSM STUDENTS WILL BE ABLE TO ENGAGE IN AUTHENTIC RESEARCH PROJECTS TO TEST GROWTH PARAMETERS (E.G., LIGHT, NUTRIENTS, PH, ETC.), MICROBIAL DIVERSITY, AUTOMATION, GROWTH TOWER ENGINEERING, AND METHODS TO REDUCE PATHOGEN LOADS AMONG MANY POTENTIAL PROJECTS. ABOVE-AP BOTANY CAN INVESTIGATE THE IMPACTS OF VARYING DAY/NIGHT CYCLES, NUTRIENT SOURCES, AND PH ON PLANT GROWTH AND DEVELOPMENT ON A TIMELINE THAT IS MORE CONDUCIVE TO ACADEMIC SCHEDULES THAN TRADITIONAL AGRICULTURAL METHODS. THIS SYSTEM WOULD BE A HANDS-ON TEACHING TOOL FOR OBSERVING PLANT GROWTH AND MANAGING MACRO- AND MICRO-NUTRIENT BALANCES. STUDENTS COULD ALSO COMPARE SOIL-GROWN PLANTS TO THOSE GROWN HYDROPONICALLY. AP ENVIRONMENTAL SCIENCE CAN USE THE HYDROPONICS SYSTEM AS A MODEL TO STUDY WATER-USE, NUTRIENT-USE, AND WATER QUALITY. DIRECT INTERACTION WITH THE HYDROPONICS SYSTEM COULD MOTIVATE STUDENT INVESTIGATIONS OF THE POTENTIAL OF HYDROPONICS SYSTEMS TO REDUCE FOOD TRANSPORTATION DISTANCES, TRADEOFFS IN SUSTAINABILITY BETWEEN AGRICULTURAL METHODS, AND THE POTENTIAL FOR URBAN HYDROPONIC FARMS TO BRING FOOD CLOSER TO HIGH-DENSITY POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Etkind Member | Trustee | 1 | $0 |
Ashley Daugherty Member | Trustee | 1 | $0 |
Becky Askins Member | Trustee | 1 | $0 |
Brad Alexander Member | Trustee | 1 | $0 |
Brian Burkhart Member | Trustee | 1 | $0 |
Brian Fast Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $180,425 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $805,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $985,921 |
| Total Program Service Revenue | $0 |
| Investment income | $292,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,822 |
| Net Income from Fundraising Events | -$99,022 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,256,044 |
| 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. | $185,323 |
| Compensation of current officers, directors, key employees. | $125,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,448 |
| Pension plan accruals and contributions | $11,222 |
| Other employee benefits | $44,345 |
| Payroll taxes | $29,616 |
| Fees for services: Management | $0 |
| 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 | $30,239 |
| Fees for services: Other | $34,154 |
| Advertising and promotion | $20,248 |
| Office expenses | $23,966 |
| Information technology | $15,295 |
| Royalties | $0 |
| Occupancy | $23,114 |
| Travel | $30,519 |
| 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 | $6,692 |
| Insurance | $4,061 |
| All other expenses | $19,287 |
| Total functional expenses | $1,342,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,243 |
| Savings and temporary cash investments | $304,002 |
| Pledges and grants receivable | $68,792 |
| 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 | $4,550 |
| Net Land, buildings, and equipment | $1,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,798,870 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,752 |
| Total assets | $13,970,033 |
| Accounts payable and accrued expenses | $51,037 |
| 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 | $92,254 |
| Total liabilities | $143,291 |
| Net assets without donor restrictions | $309,430 |
| Net assets with donor restrictions | $13,517,312 |
| 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 | $13,970,033 |