School Foundation Inc is located in Florence, SC. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, School Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School 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 06/2021, School Foundation Inc generated $333.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $365.5k during the year ending 06/2021. While expenses have increased by 8.1% per year over the past 6 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.
Since 2015, School Foundation Inc has awarded 60 individual grants totaling $882,220. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL FOUNDATION, INC. ("ASSOCIATION") IS A VOLUNTARY ASSOCIATION OF INDIVIDUALS OPERATED COLLECTIVELY TO SERVE THE NEEDS AND INTERESTS AND ADVANCE THE GENERAL WELFARE TO FLORENCE 1 SCHOOLS.THE SCHOOL FOUNDATION PROMOTES EDUCATIONAL EXCELLENCE IN FLORENCE, SC SCHOOL DISTRICT 1 THROUGH GRANTS FOR INNOVATIVE LEARNING AND THROUGH HIGH IMPACT INITIATIVES DESIGNED TO PREPARE ALL STUDENTS FOR SUCCESS.THE ORGANIZATION ACHIEVES ITS GOALS BY CONTRIBUTIONS TO SCHOOLS, SCHOOL PROGRAMS AND ADVOCACY OF QUALITY PUBLIC EDUCATION.THE ASSOCIATION WELCOMES EVERYONE IN FLORENCE 1 SCHOOLS WHICH IS A PUBLIC SCHOOL SYSTEM, REGARDLESS OF AGE, RACE, SEX, ETHNICITY, ABILITY OR RELIGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARTSMARTFSD1'S STARTSMART OFFERS UNIQUE SERVICES FOR YOUNG CHILDREN AGES BIRTH TO AGE FIVE THAT WILL HELP THE FLORENCE COMMUNITY ENSURE THAT ALL CHILDREN ENTER SCHOOL READY TO LEARN SO THAT THEY WILL BE BETTER ABLE TO GROW INTO PRODUCTIVE CITIZENS. THE PROGRAM HAS GROWN DRAMATICALLY SINCE IT BEGAN IN 2012. OVER 1,000 FLORENCE-AREA CHILDREN CURRENTLY BENEFIT FROM THE MENU OF AVAILABLE SERVICES AND THE GOAL IS TO ENHANCE THE LIFE OF EVERY CHILD BIRTH TO AGE 4.
START2READWE UNDERSTAND THE IMPORTANCE OF EARLY LANGUAGE EXPOSURE TO LATE SUCCESS IN SCHOOL AND LIFE. CHILDREN WHO ARE READ TO EVERY DAY, BEGINNING AT BIRTH, ARE FAR MORE LIKELY TO BE SUCCESSFUL IN SCHOOL. START2READ IS A BOOK DISTRIBUTION AND EDUCATION PROGRAM DESIGNED TO HELP WORKING PARENTS BUILD A HIGH QUALITY HOME LIBRAY FOR THE CHILDREN AND LEARN THE IMPORTANCE OF TAKING TIME EVERY DAY TO CONNECT WITH THEIR CHILDREN THROUGH BOOKS AND LANGUAGE.EACH MONTH, CERTIFIED EARLY CHILDHOOD TEACHERS VISIT LOCAL BUSINESSES TO DISTRIBUTE BOOKS TO THE PARENTS OR GUARDIANS OF 1, 2, AND 3 YEAR OLD CHILDREN. THE TEACHER SHARES THE BOOK, OFFERS TIPS FOR EFFECTIVELY READING IT ALOUD, AND DISTRIBUTES "READING TIPS." PARENTS ARE ENCOURAGED TO TAKE THE SCHOOL READINESS QUIZ PROVIDED AT WWW.STARTSMARTFLO.ORG TO ASSESS THE MOTOR, COGNITIVE, LANGUAGE, AND SOCIAL SKILLS DEVELOPMENT OF THEIR CHILDREN. ADDITIONAL BOOK DISTRIBUTION SITES INCLUDE PEDIATRICIAN OFFICES, CHILD CARE CENTERS, AND BARBERSHOPS.
THE FOUNDATION AWARDED $50,000 TO FLORENCE 1 SCHOOLS IN JUNE 2021 TO PAY FOR EQUIPMENT AND A ONE YEAR SUBSCRIPTION TO THE BLOOMBERG MARKET CONCEPTS COURSES AND ACCESS TO BUSINESS WEEK CASE STUDIES TO BE AVAILABLE IN THE LABS AT TWO OF THE HIGH SCHOOLS. THE BASIS LAB WILL INCLUDE FOUR BLOOMBERG TERMINALS THAT WILL BE HOUSED IN THE SCHOOL LIBRARY OR COMPUTER LAB TO PROVIDE ACCESS FOR ALL STUDENTS.BRIGGS ELEMENTARY WAS AWARDED $5,000 FOR THEIR "LEADING THE WAY BACK FROM COVID!" GRANT THAT ADDRESSES THE LEARNING LOSS BRIGGS STUDENTS MAY EXPERIENCE DURING THIS TIME OF TURMOIL BY FOCUSING ON CULTURE AND ACADEMICS.CARVER ELEMENTARY WAS AWARDED $4,956.54 FOR THEIR "STEAM-TASTIC LEARNING AT CARVER" GRANT DESIGNATED TO INTEGRATE STEM IN ALL ASPECT OF THE CARVER CURRICULUM.DELMAE ELEMENTARY WAS AWARDED $5,000 FOR THEIR "FORMING MATH FOUNDATIONS" GRANT THAT WILL PROVIDE EARLY MATH INTERVENTION AS WELL AS STRATEGIES FOR STRUGGLING STUDENTS IN ALL GRADE LEVELS TO SUPPORT AND SOLIDIFY STUDENT LEARNING.DEWEY L. CARTER WAS AWARDED $5,000 FOR THEIR "TERRIFIC TUESDAY KITS AND "LET'S GO, OSMO" GRANTS. "TERRIFIC TUESDAY KITS" WILL PROVIDE WEEKLY ACTIVITIES, SUPPLIES, INSTRUCTIONS, AND REWARDS, ALLOWING THE STUDENTS THE OPPORTUNITY TO PRACTICE THEIR LEARNING AND BASIS SKILL AT HOME WHILE INCREASING THEIR ACADEMIC ACHIEVEMENT IN THE CLASSROOM. THEIR "LET'S GO, OSMO" GRANT IS DESIGNED TO ALLOW ACCESS TO HANDS-ON ACTIVITIES ALONG WITH TECHNOLOGY IN ORDER TO REINFORCE CORE SKILLS IN READING AND MATH IN OUR DIGITAL WORLD.GREENWOOD ELEMENTARY WAS AWARDED $4,900.59 FOR THEIR "GEARING UP FOR GUIDED READING (VIRTUALLY!)" GRANT THAT PROVIDES LEVELED TEXTS AND MATERIALS THAT ARE APPROPRIATE FOR THEIR VIRTUAL PLATFORM TEACHERS TO CONTINUE TO PROVIDED SMALL GROUP GUIDED READING INSTRUCTION WITH THEIR STUDENTS.LESTER ELEMENTARY WAS AWARDED $3,150 FOR THEIR "HYDROPONICS IN THE CLASSROOM" GRANT WHICH WILL CREATE A SCHOOL WIDE STEM PROJECT THAT ALLOWS STUDENTS TO ACQUIRE REAL-WORLD SCIENCE SKILLS, CAREER SKILLS AND BASIC LIFE SKILLS WHILE ALSO SUPPORTING CORE ACADEMIC SUBJECT AREAS.MCLAURIN ELEMENTARY WAS AWARDED $4,222.44 FOR THEIR "READ ACROSS MCLAURIN - SCHOOL WIDE READ ALOUD" GRANT, A SCHOOL WIDE READ ALOUD PROJECT TARGETING LITERARY SKILLS SUCH AS ORAL COMPREHENSION, CHARACTER ANALYSIS, UNDERSTANDING PLOT AND STORYLINE, VOCABULARY DEVELOPMENT, AND OTHER LITERACY SKILLS.JOHN W. MOORE INTERMEDIATE WAS AWARDED $4,998.35 FOR THEIR "EXPOSURE, EXPLORATION, EXPERIENCE" GRANT INTENDED TO PROMOTE STUDENT INITIATED LEARNING THROUGH A CONSTRUCTION BASED AND HANDS-ON LEARNING ENVIRONMENT.NORTH VISTA ELEMENTARY WAS AWARDED $4,992.28 FOR THEIR "LITERACY CANNOT WAIT: BUILDING HOME LIBRARIES" GRANT DESIGNED TO IMPROVE READING LEVELS AND BUILD HOME LIBRARIES.SOUTHSIDE MIDDLE SCHOOL WAS AWARDED $4,908.28 FOR THEIR "FALCONS SOAR IN ALL THINGS" GRANT THAT PROVIDED INCENTIVES TO FACE-TO-FACE AND VIRTUAL STUDENTS FOR SHOWING GROWTH IN THE CLASSROOM AS WELL AS ON STANDARDIZED AND DISTRICT TESTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Debbie Hyler Executive Director | OfficerTrustee | 40 | $71,949 |
Jeff Helton Chairman | OfficerTrustee | 15 | $0 |
Courtney Cribb Treasurer | OfficerTrustee | 15 | $0 |
Ed A Love Vice Chairman | OfficerTrustee | 15 | $0 |
Marion Ford Secretary | OfficerTrustee | 15 | $0 |
Dr Annie Brown Board Member | Trustee | 5 | $0 |
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 | $140,107 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $140,107 |
Total Program Service Revenue | $0 |
Investment income | $42,395 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $128,692 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $333,494 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $170,128 |
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. | $71,949 |
Compensation of current officers, directors, key employees. | $17,987 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $27,015 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,571 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $25,869 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,105 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $9,548 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $699 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $227 |
Insurance | $1,481 |
All other expenses | $0 |
Total functional expenses | $365,451 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $49,397 |
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 | $36,227 |
Net Land, buildings, and equipment | $3,566 |
Investments—publicly traded securities | $0 |
Investments—other securities | $2,647,608 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,736,798 |
Accounts payable and accrued expenses | $325 |
Grants payable | $0 |
Deferred revenue | $144,715 |
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 | $20,618 |
Other liabilities | $0 |
Total liabilities | $165,658 |
Net assets without donor restrictions | $2,554,949 |
Net assets with donor restrictions | $16,191 |
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 | $2,736,798 |
Over the last fiscal year, School Foundation Inc has awarded $170,128 in support to 13 organizations.
Grant Recipient | Amount |
---|---|
ALL FLORENCE ONE SCHOOLS PURPOSE: BLOOMBERG MARKET CONCEPTS COURSES | $50,000 |
ALL FLORENCE ONE SCHOOLS PURPOSE: EQUIPMENT TO SUPPORT REMOTE LEARNING IN THE DISTRICT | $44,000 |
CARVER ELEMENTARY SCHOOL PURPOSE: STEM QUARTER MILE TRACK | $30,000 |
BRIGGS ELEMENTARY SCHOOL PURPOSE: LEADING THE WAY BACK FROM COVID | $5,000 |
DELMAE ELEMENTARY SCHOOL PURPOSE: FORMING MATH FOUNDATIONS | $5,000 |
DEWEY L CARTER ELEMENTARY PURPOSE: TERRIFIC TUESDAY KITS AND LET'S GO OSMO | $5,000 |
Over the last fiscal year, we have identified 6 grants that School Foundation Inc has recieved totaling $45,480.
Awarding Organization | Amount |
---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $4,500 |
Betty S Campbell Charitable Foundation Inc Florence, SC PURPOSE: SUPPORT FOR PUBLIC SCHOOLS | $1,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $500 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $480 |
Organization Name | Assets | Revenue |
---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Camino Community Development Corporation Inc Charlotte, NC | $3,342,143 | $5,457,630 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |