South Carolina For Online Education Inc
- Assets
- $2.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Summerville, SC
- Founding
- Data as of
- 06/2023
- EIN
- 84-3614317
Organization Overview
South Carolina For Online Education Inc, operating under the name Lowcountry Connections Academy, is located in Summerville, SC. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Lowcountry Connections Academy employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowcountry Connections Academy 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, Lowcountry Connections Academy generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $5.2m during the year ending 06/2023. While expenses have increased by 40.4% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LOWCOUNTRY CONNECTIONS ACADEMY IS A PUBLIC VIRTUAL CHARTER SCHOOL THAT SERVES STUDENTS K-12. ALL STUDENTS WHO RESIDE IN SOUTH CAROLINA ARE ELIGIBILE TO ATTEND IF THEY MEET APPLICABLE ENROLLMENT REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOWCOUNTRY CONNECTIONS ACADEMY IS A PUBLIC VIRTUAL CHARTER SCHOOL LOCATED IN SUMMERVILLE, SOUTH CAROLINA THAT SERVES STUDENTS IN GRADES K-12. THE SCHOOL IS FREE OF CHARGE AND ALLOWS STUDENTS TO ATTEND FROM HOME. THE PURPOSE OF LOWCOUNTRY CONNECTIONS ACADEMY IS TO HELP EACH STUDENT MAXIMIZE HIS OR HER FULL POTENTIAL AND MEET THE HIGHEST PERFORMANCE STANDARDS IN EDUCATION. THIS IS ACHIEVED BY UTILIZING TECHNOLOGY AND STUDENT, FAMILY, AND TEACHER INTERACTION. EACH STUDENT RECEIVES AN INDIVUALIZED LEARNING PLAN THAT FITS THEIR NEEDS AND ONE-ON-ONE SUPPORT FROM THEIR TEACHERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Hall President | OfficerTrustee | 10 | $0 |
Teri-Lee Holland Treasurer | OfficerTrustee | 5 | $0 |
Ashley Newton Secretary | OfficerTrustee | 5 | $0 |
Gary Prince Member | OfficerTrustee | 5 | $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 | $5,216,823 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,216,823 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,107,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $264,818 |
| Payroll taxes | $90,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92 |
| Fees for services: Accounting | $22,000 |
| 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 | $19,472 |
| Information technology | $65,340 |
| Royalties | $0 |
| Occupancy | $13,713 |
| Travel | $960 |
| 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 | $68,640 |
| Insurance | $4,336 |
| All other expenses | $0 |
| Total functional expenses | $5,216,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,520,098 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,008 |
| 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 | $19,292 |
| Net Land, buildings, and equipment | $47,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $214,082 |
| Total assets | $2,880,734 |
| Accounts payable and accrued expenses | $88,579 |
| 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 | $2,780,908 |
| Total liabilities | $2,869,487 |
| Net assets without donor restrictions | $11,247 |
| 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 | $2,880,734 |