Civic Intelligence

Charleston School of Law Foundation

EIN 20-0596694 • 501(c)3 • Charleston, SC

Profile

The mission of the charleston school of law foundation is to promote the awareness of the educational goals of the charleston school of law and to support the students, faculty and staff of the law school in the attainment of these goals.

81 Mary StreetCharleston, SC 29403

www.charlestonlaw.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.35x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.54x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

98th percentile

94%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$12,500

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

100th percentile

3075%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

9568%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$41,440,291

Up $40,400,989 (+3887%) from 2022

Liabilities

Up

$14,649,548

Up $14,646,223 (+440488%) from 2022

Net Assets

Up

$26,790,743

Up $25,754,766 (+2486%) from 2022

Revenue

Up

$27,078,663

Up $27,006,609 (+37481%) from 2022

Expenses

Up

$1,590,962

Up $1,539,349 (+2982%) from 2022

Net Income

Up

$25,487,701

Up $25,467,260 (+124589%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $831,777Liabilities 2010: $0Net Assets 2010: $831,7772010Assets 2011: $1,009,766Liabilities 2011: $0Net Assets 2011: $1,009,7662011Assets 2012: $1,329,939Liabilities 2012: $0Net Assets 2012: $1,329,9392012Assets 2013: $1,293,662Liabilities 2013: $0Net Assets 2013: $1,293,6622013Assets 2014: $1,151,714Liabilities 2014: $0Net Assets 2014: $1,151,7142014Assets 2015: $962,415Liabilities 2015: $0Net Assets 2015: $962,4152015Assets 2016: $961,037Liabilities 2016: $0Net Assets 2016: $961,0372016Assets 2017: $951,218Liabilities 2017: $0Net Assets 2017: $951,2182017Assets 2018: $861,376Liabilities 2018: $5,331Net Assets 2018: $856,0452018Assets 2019: $963,697Liabilities 2019: $6,973Net Assets 2019: $956,7242019Assets 2020: $1,005,046Liabilities 2020: $6,593Net Assets 2020: $998,4532020Assets 2021: $1,169,776Liabilities 2021: $14,887Net Assets 2021: $1,154,8892021Assets 2022: $1,039,302Liabilities 2022: $3,325Net Assets 2022: $1,035,9772022Assets 2024: $41,440,291Liabilities 2024: $14,649,548Net Assets 2024: $26,790,7432024

Highlighted filing

2024

Assets$41,440,291
Liabilities$14,649,548
Net Assets$26,790,743

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $14,6642010Revenue 2011: $211,585Expenses 2011: $20,172Net Income 2011: $191,4132011Expenses 2012: $28,5752012Revenue 2013: $106,586Expenses 2013: $124,221Net Income 2013: -$17,6352013Revenue 2014: $226,032Expenses 2014: $332,951Net Income 2014: -$106,9192014Revenue 2015: -$2,383Expenses 2015: $185,408Net Income 2015: -$187,7912015Revenue 2016: $52,269Expenses 2016: $64,272Net Income 2016: -$12,0032016Revenue 2017: $106,537Expenses 2017: $147,030Net Income 2017: -$40,4932017Revenue 2018: $116,508Expenses 2018: $120,919Net Income 2018: -$4,4112018Revenue 2019: $145,402Expenses 2019: $139,025Net Income 2019: $6,3772019Revenue 2020: $117,161Expenses 2020: $141,067Net Income 2020: -$23,9062020Revenue 2021: $175,000Expenses 2021: $134,837Net Income 2021: $40,1632021Revenue 2022: $72,054Expenses 2022: $51,613Net Income 2022: $20,4412022Revenue 2024: $27,078,663Expenses 2024: $1,590,962Net Income 2024: $25,487,7012024

Highlighted filing

2024

Revenue$27,078,663
Expenses$1,590,962
Net Income$25,487,701

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.4$14.6$26.8$27.1$1.59$25.5
2022Summary only. Only limited summary data is available for this year.$1.04$0.00$1.04$0.07$0.05$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.01$1.15$0.18$0.13$0.04
2020Summary only. Only limited summary data is available for this year.$1.01$0.01$1.00$0.12$0.14$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.01$0.96$0.15$0.14$0.01
2018Summary only. Only limited summary data is available for this year.$0.86$0.01$0.86$0.12$0.12$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.00$0.95$0.11$0.15$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.00$0.96$0.05$0.06$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.00$0.19$0.19
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.23$0.33$0.11
2013Summary only. Only limited summary data is available for this year.$1.29$0.00$1.29$0.11$0.12$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$0.03
2011Summary only. Only limited summary data is available for this year.$1.01$0.00$1.01$0.21$0.02$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.00$0.83$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.1
Gross Receipts
$27,078,663
Mission and Program Overview

Mission

The mission of the charleston school of law foundation inc is to encourage and assist the study, teaching, promoting and research of the rule of law in charleston, south carolina and all related subject areas as determined by the board of directors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$14,652,697-
Cash and Non-Interest-Bearing Accounts$214,441$10,309,146▲ $10,094,705
Investments in Publicly Traded Securities$1,090,889$2,255,115▲ $1,164,226
Prepaid Expenses and Deferred Charges-$806,890-
Accounts Receivable-$554,152-
Savings and Temporary Cash Investments-$80,104-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$1,305,330$41,440,291▲ $40,134,961
Other Assets Total$0$12,782,187▲ $12,782,187
Liabilities
Other Liabilities$0$12,782,187▲ $12,782,187
Accounts Payable and Accrued Expenses$2,288$1,053,792▲ $1,051,504
Deferred Revenue-$813,569-
Total Liabilities$2,288$14,649,548▲ $14,647,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-37,043$25,410,218▲ $25,447,261
Net Assets With Donor Restrictions$1,340,085$1,380,525▲ $40,440
Total Net Assets Fund Balance$1,303,042$26,790,743▲ $25,487,701
Total Liabilities and Net Assets / Fund Balance$1,305,330$41,440,291▲ $40,134,961

Asset Categories

AssetBook ValueDepreciationBasis
Land$12,150,000-$12,150,000
Leasehold Improvements$1,762,984$28,372$1,791,356
Equipment$531,640$8,555$540,195
Other Land Buildings$208,073$3,348$211,421
Other Assets Org$12,782,187--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$939,272$64,667▲ $531,594-$1,530,233
2023$1,054,966$72,652▼ $155,119-$939,272
2022$1,377,148$32,859▼ $298,500-$1,054,966
2021$1,204,801$94,418▲ $151,214-$1,377,148
2020$1,112,993$73,692▲ $83,080-$1,204,801
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jonathan MarcantelInterim Dean (December)FT$12,500$12,500

Board Members and Trustees

NameTitle
J Edward BellChairman (December)
Hal CobbPresident (December)
Michael DuffyVice Chairman (December)
Benton BurroughsBoard Member
Bitar BitarBoard Member
George KoskoBoard Member
Jane AikenBoard Member
Jody CummingsBoard Member
Jospeh GoodBoard Member
Kimberly CollinsBoard Member
Laura HollowayBoard Member
Max WilkinsBoard Member
McCumber McCumberBoard Member
Ronnie SabbBoard Member
Smith SmithBoard Member
Sophie DieckhausBoard Member
Taft TaftBoard Member
Mavis HugerSecretary (Jan-Nov)
Josh SalleyTreasurer (Jan-Nov)
Revenue and Support

Revenue Composition

Contributions and Grants
$25,313,862
Program Service Revenue
$1,562,056
Investment Income
$163,439
Other Revenue
$39,306
All Other Contributions
$25,313,862
Change in Net Assets
$25,487,701

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Secur Prtnrshp Trust Intrsts1$25,249,195Market value
Total Noncash Contributions1$25,249,195-

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,078,663
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$27,078,663
Total Revenue per Form 990
$27,078,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$828,064
Other Expenses$757,598
Total Fundraising Expense$44,041
Grants and Similar Amounts Paid$5,300
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$593,342$214,385$7,837$815,564
Occupancy$289,326$23,711$624$313,661
Fees for Services Other$0$140,355$0$140,355
Depreciation Depletion$33,428$6,444$403$40,275
Office Expenses$21,073$14,318-$35,391
Advertising--$35,169$35,169
Travel$5,550$14,751-$20,301
Insurance-$13,251-$13,251
Current Officers, Directors, Trustees, and Key Employees-$12,500-$12,500
Fees for Services Management-$9,419-$9,419
Fees for Services Legal-$5,677-$5,677
Grants to Domestic Individuals$5,300--$5,300
Fees for Services Accounting-$4,283-$4,283
Other Expenses$4,047$7,031-$4,047
Information Technology$440$85$8$533
Total Functional Expenses$1,080,711$466,210$44,041$1,590,962

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,590,962
Total Expenses per Audited Statements$1,590,962
Total Expenses per Form 990$1,590,962
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$12,782,187
Operating Lease Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

The return was prepared by an independent accountant with assistance and oversight by management. The board of directors reviewed a draft 990. Requested changes and corrections were addressed by the tax preparer prior to filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

The conflict of interest policy was in effect during the year.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The charleston school of law foundation board reviewed and approved the salary for the executive director position.

Form 990, Part VI, Line 19 Required documents available to the public

The organization provides the governing documents and financial statements upon request at the administration office.

Filing and Contact Details

Filer

Filer Name
Charleston School of Law
EIN
20-0596694
Phone
8433291000
Address
81 Mary Street, Charleston, SC 29403

Signing Officer

Name
Constance Anastopoulo
Title
President
Phone
8433291000
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
135
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2 New program services

Effective December 1, 2024, the School became the sole member of the Charleston School of Law Holdings, LLC (the "LLC"). The School offers college graduates full and part-time courses of study leading to the Juris Doctor degree. The School was organized under the laws of the state of South Carolina on May 12, 2003, and became fully accredited in August 2011. To be eligible for a Juris Doctor degree, a student must have received course credit for a minimum of 90 credit hours or the equivalent, satisfactorily completed all required courses, attained a cumulative grade point average of at least 2.00, satisfied the advanced legal writing requirement, satisfied the skills course requirement, satisfied the drafting course requirement, satisfied the legal skills course requirement, finished 30 hours of Pro Bono work under an organized Pro Bono program, fulfilled the American Bar Association ("ABA") residency requirement, and conducted himself or herself as a fit candidate for admission to the Bar. The School's curriculum is designed to provide students with a solid grounding in the law and to enable them to be effective legal professionals. The program of study reflects the demands of the profession for a meaningful educational experience that incorporates history, technology, ethics and professionalism, and evolving trends and future challenges. The educational curriculum is designed to qualify graduates for admission to the Bar as well as to prepare them to participate effectively and responsibly in the legal profession. Development of problem-solving skills, research skills, efficiency, consistency, competency, and professionalism are primary objectives of the curriculum.

Form 990, Part XII, Line 2C Change of oversight process or selection process

This process has not changed from the prior year.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The School's endowments consist of twenty three (23) individual funds established for a variety of purposes. Its endowments include funds in perpetuity, temporary in nature, and funds designated by the Board of Directors to function as endowments. As required by generally accepted accounting principles, net assets associated with endowment funds, including funds designated by the Board of Directors to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The School is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. In accordance with the Internal Revenue Code, the LLC is a disregarded entity. The School has determined that it does not have any unrecognized tax benefits or obligations as of December 31, 2024.

Raw XML AppendixShowing 400 of 600 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE MISSION OF THE CHARLESTON SCHOOL OF LAW FOUNDATION INC IS TO ENCOURAGE AND ASSIST THE STUDY, TEACHING, PROMOTING AND RESEARCH OF THE RULE OF LAW IN CHARLESTON, SOUTH CAROLINA AND ALL RELATED SUBJECT AREAS AS DETERMINED BY THE BOARD OF DIRECTORS.
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