Civic Intelligence

Academic Magnet Foundation

990EZ • Fiscal year 2021 • EIN 26-2530146

Aug 01, 2020 to Jul 31, 2021 • Filed on Oct 28, 2021

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

77th percentile

0.09x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

0.47x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

54th percentile

11%

Higher net margin than 54% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

58th percentile

12%

Faster asset growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

16th percentile

-51%

Faster revenue growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$215,734

Up $23,333 (+12%) from 2020

Net Assets

Up

$196,973

Up $4,572 (+2.4%) from 2020

Liabilities

Up

$18,761

Up $18,761 from 2020

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin54th percentile

Revenue

Down

$40,198

Down $41,371 (-51%) from 2020

Expenses

Up

$35,626

Up $6,117 (+21%) from 2020

Net Income

Down

$4,572

Down $47,488 (-91%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2021

Assets$215,734
Liabilities$18,761
Net Assets$196,973
Open 2021 Filing

Operations Trend

Revenue Growth16th 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

2021

Revenue$40,198
Expenses$35,626
Net Income$4,572
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Oct 28, 2021
Return Version
2020v4.1
Gross Receipts
$44,585
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 FRESHMAN ORIENTATION$0$15,086
TO PROVIDE FUNDING FOR CLASSROOM/FACULTY NEEDS/CURRICULUM ENRICHMENT/COVID RELATED EXPENSES$0$10,650
TO PROVIDE SCHOLARSHIP FUNDS TO FURTHER STUDENTS EDUCATION.$6,000$6,000
TO PROVIDE FUNDING FOR FACULTY DEVELOPMENT$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JON MCCALLTreasurer-$0--
CHARLES JORDAN JRBoard Chair-$0--
CATHERINE SPENCERPrincipal-$0--
PAM COX JUTTESecretary-$0--
JOANNA GHEGANBoard Member-$0--
JENNIFER GOULDBoard Member-$0--
JEANNE KUYPERBoard Member-$0--
AMY SALZHAUERBoard Member-$0--
DEBRA WILSONBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Fundrasing--$4,387-
Total Events--$4,387$-4,387
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
Charles Jordan Jr
Title
Board Chair
Phone
8438841099
Signed
2021-10-28
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 4 - Other Investment Income

“Description: interest income. Amount: 5. Description: dividend income. Amount: 1,750. Total included on form 990-ez, line 4: 1,755.”

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

“Description: business expenses & fees. Amount: 2,429. Description: freshman orientation. Amount: 15,086. Description: amhs enrichment - alumni database development. Amount: 55. Description: amhs enrichment - covid related expenses. Amount: 10,650. Description: insurance. Amount: 335. Description: scholarship fund expense. Amount: 6,000. Total to form 990-ez, line 16: 34,555.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: unrealized gains/losses. Beg. Of year amount: 1,507. End of year amount: 0.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: unrealized gains/losses. Beg. Of year amount: 0. End of year amount: 18,761.”

Raw XML Appendix215 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JON MCCALL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHARLES JORDAN JR
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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/DescriptionProgramSrvcAccomTxt0TO PROVIDE FUNDING FOR CLASSROOM/FACULTY NEEDS/CURRICULUM ENRICHMENT/COVID RELATED EXPENSES
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1TO PROVIDE FUNDING FOR FRESHMAN ORIENTATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2TO PROVIDE FUNDING FOR FACULTY DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3TO PROVIDE SCHOLARSHIP FUNDS TO FURTHER STUDENTS EDUCATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 5. DESCRIPTION: DIVIDEND INCOME. AMOUNT: 1,750. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 1,755.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BUSINESS EXPENSES & FEES. AMOUNT: 2,429. DESCRIPTION: FRESHMAN ORIENTATION. AMOUNT: 15,086. DESCRIPTION: AMHS ENRICHMENT - ALUMNI DATABASE DEVELOPMENT. AMOUNT: 55. DESCRIPTION: AMHS ENRICHMENT - COVID RELATED EXPENSES. AMOUNT: 10,650. DESCRIPTION: INSURANCE. AMOUNT: 335. DESCRIPTION: SCHOLARSHIP FUND EXPENSE. AMOUNT: 6,000. TOTAL TO FORM 990-EZ, LINE 16: 34,555.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: UNREALIZED GAINS/LOSSES. BEG. OF YEAR AMOUNT: 1,507. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: UNREALIZED GAINS/LOSSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 18,761.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES JORDAN JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08438841099
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACADEMIC MAGNET FOUNDATION
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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/ReturnTs02021-11-17T08:00:52-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JORDAN JR
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$215,734
Liabilities
$18,761
Net assets
$196,973
Revenue
$40,198
Expenses
$35,626
Net income
$4,572
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