Sc Foundation
- Assets
- $3.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Tuscaloosa, AL
- Founding
- Data as of
- 09/2023
- EIN
- 84-4019590
Organization Overview
Sc Foundation is located in Tuscaloosa, AL. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. SC 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 09/2023, SC Foundation generated $2.9m in total revenue.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL, SCIENTIFIC AND LITERARY SERVICES AND FACILITIES TO THE CITIZENS OF TUSCALOOSA, ALABAMA THROUGH DEVELOPMENT, RENOVATION, MODIFICATION AND IMPROVEMENT OF A DISCOVERY LEARNING CENTER.
Describe the Organization's Program Activity:
FUND RAISING ACTIVITIES DEVOTED TO THE DEVELOPMENT OF THE DISCOVERY LEARNING CENTER IN TUSCALOOSA, AL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Maddox President | OfficerTrustee | 1 | $0 |
Carly Standridge Secretary/treasurer/ex-Off | OfficerTrustee | 1 | $0 |
Audrey Buck Director | Trustee | 1 | $0 |
Scott Holmes Ex-Officio Director | Trustee | 1 | $0 |
Katie King Vice President/director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $442,695 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,440,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,883,600 |
| Total Program Service Revenue | $0 |
| Investment income | $39,537 |
| 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 | $2,923,137 |
| 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 | $146,120 |
| Pension plan accruals and contributions | $5,845 |
| Other employee benefits | $0 |
| Payroll taxes | $11,394 |
| Fees for services: Management | $273,592 |
| Fees for services: Legal | $15,951 |
| Fees for services: Accounting | $8,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,530 |
| Office expenses | $10,902 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $382 |
| Travel | $27,737 |
| 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 | $3,449 |
| Insurance | $1,637 |
| All other expenses | $1,090 |
| Total functional expenses | $538,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,731,692 |
| Savings and temporary cash investments | $1,682,328 |
| 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 |
| Net Land, buildings, and equipment | $4,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,418,618 |
| 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 | $4,801 |
| Total liabilities | $4,801 |
| Net assets without donor restrictions | $0 |
| 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 | $3,413,817 |
| Total liabilities and net assets/fund balances | $3,418,618 |