Civic Intelligence

Academic Magnet Foundation

990EZ • Fiscal year 2015 • EIN 26-2530146

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 09, 2016

Organization ProfileN/A
5109-a West Enterprise StreetNorth Charleston, SC 29405

(843) 722-7330

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

10th percentile

-38%

Higher net margin than 10% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

32nd percentile

-7.3%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

7th percentile

-62%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$97,088

Down $7,613 (-7.3%) from 2014

Net Assets

Down

$97,088

Down $7,613 (-7.3%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin10th percentile

Revenue

Down

$20,116

Down $32,411 (-62%) from 2014

Expenses

Up

$27,729

Up $14,051 (+103%) from 2014

Net Income

Down

-$7,613

Down $46,462 (-120%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2014: $104,701Liabilities 2014: $0Net Assets 2014: $104,7012014Assets 2015: $97,088Liabilities 2015: $0Net Assets 2015: $97,0882015Assets 2016: $110,770Liabilities 2016: $0Net Assets 2016: $110,7702016Assets 2019: $140,341Liabilities 2019: $0Net Assets 2019: $140,3412019Assets 2020: $192,401Liabilities 2020: $0Net Assets 2020: $192,4012020Assets 2021: $215,734Liabilities 2021: $18,761Net Assets 2021: $196,9732021Assets 2022: $213,175Liabilities 2022: $5,223Net Assets 2022: $207,9522022Assets 2023: $206,723Liabilities 2023: $8,936Net Assets 2023: $197,7872023Assets 2024: $224,031Liabilities 2024: $18,147Net Assets 2024: $205,8842024Assets 2025: $247,987Liabilities 2025: $24,584Net Assets 2025: $223,4032025

Highlighted filing

2015

Assets$97,088
Liabilities$0
Net Assets$97,088
Open 2015 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2014: $52,527Expenses 2014: $13,678Net Income 2014: $38,8492014Revenue 2015: $20,116Expenses 2015: $27,729Net Income 2015: -$7,6132015Revenue 2016: $30,577Expenses 2016: $16,895Net Income 2016: $13,6822016Revenue 2019: $33,642Expenses 2019: $26,350Net Income 2019: $7,2922019Revenue 2020: $81,569Expenses 2020: $29,509Net Income 2020: $52,0602020Revenue 2021: $40,198Expenses 2021: $35,626Net Income 2021: $4,5722021Revenue 2022: $82,970Expenses 2022: $71,991Net Income 2022: $10,9792022Revenue 2023: $75,006Expenses 2023: $85,171Net Income 2023: -$10,1652023Revenue 2024: $76,784Expenses 2024: $68,687Net Income 2024: $8,0972024Revenue 2025: $96,754Expenses 2025: $79,235Net Income 2025: $17,5192025

Highlighted filing

2015

Revenue$20,116
Expenses$27,729
Net Income-$7,613
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 9, 2016
Return Version
2015v2.1
Gross Receipts
$20,116
Mission and Program Overview

Mission

The academic magnet foundation (amf) exists to safeguard the mission of academic magnet high school (amhs) with readily available financial backing and human capital to ensure that its students are prepared to thrive in an increasingly competitive global community. Academic magnet high school seeks to deliver a rigorous curriculum, state-of-the-art facilities and an engaging, committed faculty to foster love of scholarship, leadership and social responsibilty. By planning for and responding to the dynamic needs of our students and faculty, the foundation's vision is to preserve the long-term excellence of the amhs community by supporting leading-edge academic and arts enrichment opportunities and prepare our students to become successful and productive citizens of the world. The amf's resources, including community and business partnerships, will provide discretionary capital independent of but transparent to the charleston county school district.

Program Services

DescriptionGrantsExpenses
TO PROVIDE FUNDING FOR SUMMER SCHOLARS PROGRAM$0$12,000
TO PROVIDE FUNDING FOR A CHINESE LANGUAGE PROGRAM$0$8,550
THE ACADEMIC MAGNET FOUNDATION EXISTS TO SAFEGUARD THE MISSION OF ACADEMIC MAGNET HIGH SCHOOL WITH READILY AVAILABLE FINANCIAL BACKING AND HUMAN CAPITAL TO ENSURE THAT ITS STUDENTS ARE PREPARED TO THRIVE IN AN INCREASINGLY COMPETITIVE GLOBAL COMMUNITY.$0$3,499
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CLIFF WOODSBoard Chair-$0--
LISA GEHLKENVice Chair-$0--
MICHAEL SOLTYSTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Academic Magnet Foundation
EIN
26-2530146
Phone
8437227330
Address
5109-A WEST ENTERPRISE STREET, NORTH CHARLESTON, SC 29405

Signing Officer

Name
Cliff Woods
Title
Board Chair
Phone
8438841099
Signed
2016-08-09
Discuss with paid preparer
Yes

Preparer

Firm
Hood & Selander Cpas LLC
Address
856 LOWCOUNTY BLVD SUITE 100, MOUNT PLEASANT, SC 29464
Preparer
R Scott Hood CPA
Phone
8438841099
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: business expenses & fees. Amount: 2,667. Description: alumni & community outreach. Amount: 3,499. Description: chinese language program. Amount: 8,550. Description: summer scholars. Amount: 12,000. Total to form 990-ez, line 16: 26,716.”

Raw XML Appendix141 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHAEL SOLTYS
IRS990EZ/BooksInCareOfDetail/PhoneNum08437141118
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05109-A WEST ENTERPRISE STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NORTH CHARLESTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd029405
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CLIFF WOODS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LISA GEHLKEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MICHAEL SOLTYS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt026716
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE ACADEMIC MAGNET FOUNDATION (AMF) EXISTS TO SAFEGUARD THE MISSION OF ACADEMIC MAGNET HIGH SCHOOL (AMHS) WITH READILY AVAILABLE FINANCIAL BACKING AND HUMAN CAPITAL TO ENSURE THAT ITS STUDENTS ARE PREPARED TO THRIVE IN AN INCREASINGLY COMPETITIVE GLOBAL COMMUNITY. ACADEMIC MAGNET HIGH SCHOOL SEEKS TO DELIVER A RIGOROUS CURRICULUM, STATE-OF-THE-ART FACILITIES AND AN ENGAGING, COMMITTED FACULTY TO FOSTER LOVE OF SCHOLARSHIP, LEADERSHIP AND SOCIAL RESPONSIBILTY. BY PLANNING FOR AND RESPONDING TO THE DYNAMIC NEEDS OF OUR STUDENTS AND FACULTY, THE FOUNDATION'S VISION IS TO PRESERVE THE LONG-TERM EXCELLENCE OF THE AMHS COMMUNITY BY SUPPORTING LEADING-EDGE ACADEMIC AND ARTS ENRICHMENT OPPORTUNITIES AND PREPARE OUR STUDENTS TO BECOME SUCCESSFUL AND PRODUCTIVE CITIZENS OF THE WORLD. THE AMF'S RESOURCES, INCLUDING COMMUNITY AND BUSINESS PARTNERSHIPS, WILL PROVIDE DISCRETIONARY CAPITAL INDEPENDENT OF BUT TRANSPARENT TO THE CHARLESTON COUNTY SCHOOL DISTRICT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ACADEMIC MAGNET FOUNDATION EXISTS TO SAFEGUARD THE MISSION OF ACADEMIC MAGNET HIGH SCHOOL WITH READILY AVAILABLE FINANCIAL BACKING AND HUMAN CAPITAL TO ENSURE THAT ITS STUDENTS ARE PREPARED TO THRIVE IN AN INCREASINGLY COMPETITIVE GLOBAL COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1TO PROVIDE FUNDING FOR A CHINESE LANGUAGE PROGRAM
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2TO PROVIDE FUNDING FOR SUMMER SCHOLARS PROGRAM
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03499
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt18550
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt212000
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0SC
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt024049
IRS990EZ/TotalRevenueAmt020116
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt052527
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt071404
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IRS990ScheduleA/PublicSupportCY170Pct00.84310
IRS990ScheduleA/PublicSupportPY170Pct00.86160
IRS990ScheduleA/PublicSupportTotal170Amt0121452
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020116
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt071404
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0144047
IRS990ScheduleA/TotalSupportAmt0144047
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BUSINESS EXPENSES & FEES. AMOUNT: 2,667. DESCRIPTION: ALUMNI & COMMUNITY OUTREACH. AMOUNT: 3,499. DESCRIPTION: CHINESE LANGUAGE PROGRAM. AMOUNT: 8,550. DESCRIPTION: SUMMER SCHOLARS. AMOUNT: 12,000. TOTAL TO FORM 990-EZ, LINE 16: 26,716.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CLIFF WOODS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08438841099
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACADEMIC MAGNET FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ACAD
ReturnHeader/Filer/EIN0262530146
ReturnHeader/Filer/PhoneNum08437227330
ReturnHeader/Filer/USAddress/AddressLine1Txt05109-A WEST ENTERPRISE STREET
ReturnHeader/Filer/USAddress/CityNm0NORTH CHARLESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029405
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261473446
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOOD & SELANDER CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0856 LOWCOUNTY BLVD SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOUNT PLEASANT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029464
ReturnHeader/PreparerPersonGrp/PhoneNum08438841099
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R SCOTT HOOD CPA
ReturnHeader/ReturnTs02016-08-15T00:00:00-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97,088
Liabilities
$0
Net assets
$97,088
Revenue
$20,116
Expenses
$27,729
Net income
-$7,613
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.48$0.25$2.23$0.97$0.79$0.18
2024Detailed filing. Detailed filing data is available for this year.$2.24$0.18$2.06$0.77$0.69$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.09$1.98$0.75$0.85$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.13$0.05$2.08$0.83$0.72$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.16$0.19$1.97$0.40$0.36$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.82$0.30$0.52
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.34$0.26$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.31$0.17$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.20$0.28$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.53$0.14$0.39