Dorchester Free School Board Inc
- Assets
- $367.2k
- Revenue
- $30.8k
- Investments
- $333.8k
- Employees
- 0
- Location
- Summerville, SC
- Founding
- 03/1993
- Data as of
- 12/2023
- EIN
- 57-0966757
Organization Overview
Dorchester Free School Board Inc is located in Summerville, SC. The organization was established in 1993. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary 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. Dorchester Free School Board 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 12/2023, Dorchester Free School Board Inc generated $30.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $19.0k during the year ending 12/2023. While expenses have increased by 11.4% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen F Hutchinson President | 1 | $0 | |
Thomas R Dion Trustee | 1 | $0 | |
Mary B Beauchene Secretary/clerk | 1 | $0 | |
Walter M Bailey Trustee | 1 | $0 | |
Deborah Boyle Engelman Trustee | 1 | $0 | |
Grange S Cuthbert III Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,144 |
| Interest on Savings | $102 |
| Dividends & Interest | $12,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,034 |
| Other Income | $0 |
| Total Revenue | $30,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,807 |
| Total operating and administrative expenses | $6,183 |
| Contributions, gifts, grants paid | $12,850 |
| Total expenses and disbursements | $19,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,163 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $5,241 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $367,243 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dorchester Free School Board Inc has awarded $12,850 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SABRINA JONES PURPOSE: GENERAL COLLEGE SCHOLARSHIP | $1,745 |
DORA NDIOKHO PURPOSE: GENERAL COLLEGE TUITION SCHOLARSHIP | $1,745 |
PARIS RIZZO PURPOSE: GENERAL COLLEGE TUITION SCHOLARSHIP | $5,380 |
TAYLOR NEVILLE PURPOSE: GENERAL COLLEGE TUITION SCHOLARSHIP | $3,980 |