Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
Palmetto Academy for Learning
EIN 27-2409627 • 501(c)3 • Conway, SC
Profile
The palmetto academy for learning motorsports, inc. (palm) mission is to focus the individual learner on developing their academic and skills training into career, social, and academic goals through the development of supportive relationships that foster individual responsibility and accountability through a comprehensive rigorous academic and competency-based curriculum.the palmetto academy for learning motorsports charter school, inc. (palm) provides an innovative environment for success through a rigorous, high-quality academic charter high-school program that blends with a competency-based curriculum pertaining to the motorsports industries.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.90x
Liabilities / Revenue
90th percentile
Higher debt load relative to revenue than 90% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
25th percentile
Faster asset growth than 25% of similar nonprofits.
Revenue Growth
25th percentile
Faster revenue growth than 25% of similar nonprofits.
Balance Sheet
Assets
Down$5,726,064
Down $311,668 (-5.2%) from 2023
Liabilities
Down$5,174,983
Down $101,231 (-1.9%) from 2023
Net Assets
Down$551,081
Down $210,437 (-28%) from 2023
Revenue
Down$2,919,565
Down $102,020 (-3.4%) from 2023
Expenses
Up$3,173,061
Up $381,385 (+14%) from 2023
Net Income
Down-$253,496
Down $483,405 (-210%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $5,726,064
- Liabilities
- $5,174,983
- Net assets
- $551,081
- Revenue
- $2,919,565
- Expenses
- $3,173,061
- Net income
- -$253,496
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 15, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $2,919,565
Mission and Program Overview
Mission
Providing opportunities for youths of horry county through competency-based learning environments and the acquisition of motorsports skills and training by knowledgeable and experienced staff.
The palmetto academy of learning motorsports is a vocational school that is related to palm charter high school, a tuition-free public charter school open to all horry county students, grades 9-12. We offer a technology- based blended learning environment leading to a south carolina high school diploma.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $4,714,174 | $4,558,137 | ▼ $156,037 |
| Cash and Non-Interest-Bearing Accounts | $1,176,571 | $1,134,451 | ▼ $42,120 |
| Prepaid Expenses and Deferred Charges | $21,722 | $31,988 | ▲ $10,266 |
| Total Assets | $6,037,732 | $5,726,064 | ▼ $311,668 |
| Other Assets Total | $125,265 | $1,488 | ▼ $123,777 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $5,100,478 | $4,975,148 | ▼ $125,330 |
| Other Liabilities | - | $156,818 | - |
| Accounts Payable and Accrued Expenses | $15,427 | $40,903 | ▲ $25,476 |
| Deferred Revenue | $160,309 | $2,114 | ▼ $158,195 |
| Total Liabilities | $5,276,214 | $5,174,983 | ▼ $101,231 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,138,597 | $952,295 | ▼ $186,302 |
| Net Assets With Donor Restrictions | $-377,079 | $-401,214 | ▼ $24,135 |
| Total Net Assets Fund Balance | $761,518 | $551,081 | ▼ $210,437 |
| Total Liabilities and Net Assets / Fund Balance | $6,037,732 | $5,726,064 | ▼ $311,668 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,910,999 | $410,367 | $4,321,366 |
| Land | $400,000 | - | $400,000 |
| Equipment | $86,702 | $213,803 | $300,505 |
| Other Land Buildings | $119,572 | $48,135 | $167,707 |
| Leasehold Improvements | $40,864 | $55,085 | $95,949 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| John Moore | Previous Pri | FT | $89,326 | $89,326 |
Board Members and Trustees
| Name | Title |
|---|---|
| Ray Hicks | Chair |
| Woody Martin | Vice Chair |
| Jeff Peterson | Current Prin |
| Dawn Jewell | Member |
| Walt Akin | Member |
| Joann Luyster | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $2,797,885
- Program Service Revenue
- $106,460
- Investment Income
- $4,420
- Other Revenue
- $10,800
- All Other Contributions
- $7,324
- Change in Net Assets
- $-253,496
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $2,919,565
- Total Revenue per Audited Statements
- $2,919,565
- Total Revenue per Form 990
- $2,919,565
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,986,942 |
| Other Expenses | $1,186,119 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,523,481 | $60,519 | - | $1,584,000 |
| Other Employee Benefits | $233,618 | $9,585 | - | $243,203 |
| Depreciation Depletion | $148,750 | $37,187 | - | $185,937 |
| Occupancy | $124,176 | $31,044 | - | $155,220 |
| Payroll Taxes | $130,980 | $4,626 | - | $135,606 |
| Interest | $92,533 | $21,892 | - | $114,425 |
| Advertising | - | $74,648 | - | $74,648 |
| Other Expenses | $51,535 | $5,982 | - | $51,535 |
| Insurance | $37,103 | $9,276 | - | $46,379 |
| Fees for Services Management | - | $44,731 | - | $44,731 |
| All Other Expenses | $31,801 | - | - | $31,801 |
| Fees for Services Legal | - | $30,951 | - | $30,951 |
| Pension Plan Contributions | $22,656 | $1,477 | - | $24,133 |
| Fees for Services Other | - | $16,425 | - | $16,425 |
| Travel | $33 | $8 | - | $41 |
| Total Functional Expenses | $2,824,710 | $348,351 | $0 | $3,173,061 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $3,173,061 |
| Expenses per Audited Statements | $3,142,384 |
| Total Expenses per Audited Statements | $3,142,384 |
| Expenses Not Reported on Financial Statements | $30,677 |
| Other Expense Adjustments | $30,677 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Intercompany Payables | $151,854 |
| Accrued Expenses and Other | $4,964 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- 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
- Yes
- 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
“The board of directors is presented a copy of the return for approval prior to filing. The board reviews and acknowledges the conflicts of interest policy on an annual basis. In the event a potential confilct arises during the year, the interested person shall recuse himself/herself from all discussions. When a key employee, such as a principal, is hired, his/her resume along with salary requirements is reviewed. A contract is provided to him/her. This contract is signed by the employee & the board chairman. A budget along with a salary schedule is provided to the board on an annual basis, normally in june for the fiscal year beginning july 1st. This salary schedule lists all employees and their salaries. The board approves this schedule at the same time the annual budget is approved. This approval is documented in the minutes. This salary schedule is compiled by administration and presented to the board for their review and approval. Administration views comparable data from the horry county school system and strives to provide a competitive salary for each employee. All decisions are documented. The foundation's governing documents, conflict of interest policy, and financial statements are available upon written request.”
Form 990, Page 6, Part VI, Line 11B
“The board of directors is presented a copy of the return for approval prior to filing.”
Form 990, Page 6, Part VI, Line 12C
“The board reviews and acknowledges the conflicts of interest policy on an annual basis. In the event a potential conflict arises during the year, the interested person shall recuce himself/herself from all discussions.”
Form 990, Page 6, Part VI, Line 15A
“When a key employee, such as a principal, is hired, his/her resume along with salary requirements is reviewed. A contract is provided to him/her. This contract is signed by the employee & the board chairman.”
Form 990, Page 6, Part VI, Line 15B
“A budget along with a salary schedule is provided to the board on an annual basis, normally in june for the fiscal year beginning july 1st. This salary schedule lists all employees and their salaries. The board approves this schedule at the same time the annual budget is approved. This approval is documented in the minutes. This salary schedule is compiled by administration and presented to the board for their review and approval. Administration views comparable data from the horry county school system and strives to provide a competitive salary for each employee. All decisions are documented.”
Form 990, Page 6, Part VI, Line 19
“No documents available to the public”
Filing and Contact Details
Filer
- Filer Name
- Palmetto Academy for
- EIN
- 27-2409627
- Phone
- 8439036600
- Address
- 825 WEST COX FERRY ROAD, CONWAY, SC 29526
Signing Officer
- Name
- Ray Hicks
- Title
- Chair
- Phone
- 8439036600
- Signed
- 2025-05-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jeff Peterson
- Formed
- 2012
- Legal Domicile
- Sc
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 33
- Volunteers
- 5
Preparer
- Firm
- Manley Garvin LLC
- Address
- PO BOX 429, GREENWOOD, SC 29648
- Preparer
- Bonnie C Ashley
- Phone
- 8642294951
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“The palmetto academy of learning motorsports is a vocational school that is related to palm charter high school, a tuition-free public charter school open to all horry county students, grades 9-12. We offer a technology-based blended learning environment leading to a south carolina high school diploma. The palmetto academy for learning motorsports, inc. (palm) mission is to focus the individual learner on developing their academic and skills training into career, social, and academic goals through the development of supportive relationships that foster individual responsibility and accountability through a comprehensive rigorous academic and competency- based curriculum. The palmetto academy for learning motorsports charter school, inc. (palm) provides an innovative environment for success through a rigorous, high-quality academic charter high-school program that blends with a competency-based curriculum pertaining to the motorsports industries.”
Form 990, Part XI, Line 9
“Audit restatement 12,382 difference between gaas & gaap basis 30,677 total 43,059”
Form 990, Part XII
“The board of dirfectors oversee the audit process.”
Financial Statement Notes
Schedule D, Page 4, Part XII, Line 4B
“Difference between gaas & gaap basis 30,677”
Schedule D, Page 4, Part XIII
“The audited financial statements (afs) are prepared based on governmental fund accounting basis (i.e. Regulatory accounting principles). As a result, certain items of expense on the afs are not included as an expense on form 990 such as principal debt payments and capital outlays for fixed assets, etc. The adjustments provided in part xi and part xii have been made to present the statement of revenue and statement of functional expense on form 990 in a manner consistent with the accrual basis of accounting under generally accepted accounting principles (gaap).”
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| IRS990/Desc | 0 | PALM IS A VOCATIONAL HIGH SCHOOL THAT COLLABORATES WITH STUDENTS, FAMILIES, AND THE COMMUNITY TO SUCCESSFULLY EDUCATE ALL STUDENTS IN ORDER TO PREPARE THEM FOR THEIR CHOSEN CAREER AND TEACH THEM HOW TO BECOME PRODUCTIVE, SELF-SUPPORTING CITIZENS. STUDENTS PARTICIPATE IN EITHER MOTORSPORTS TECHNOLOGY, WELDING TECHNOLOGY, AUTO COLLISION TECHNOLOGY, OR GRAPHICS. OUR VOCATIONAL STAFF BRING YEARS OF EXPERIENCE IN THEIR FIELDS AND HAVE SUCCESSFULLY PLACED STUDENTS IN JOBS RELATED TO PALM VOCATIONAL PROGRAMS. |
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| IRS990/MissionDesc | 0 | THE PALMETTO ACADEMY OF LEARNING MOTORSPORTS IS A VOCATIONAL SCHOOL THAT IS RELATED TO PALM CHARTER HIGH SCHOOL, A TUITION-FREE PUBLIC CHARTER SCHOOL OPEN TO ALL HORRY COUNTY STUDENTS, GRADES 9-12. WE OFFER A TECHNOLOGY-BASED BLENDED LEARNING ENVIRONMENT LEADING TO A SOUTH CAROLINA HIGH SCHOOL DIPLOMA. THE PALMETTO ACADEMY FOR LEARNING MOTORSPORTS, INC. (PALM) MISSION IS TO FOCUS THE INDIVIDUAL LEARNER ON DEVELOPING THEIR ACADEMIC AND SKILLS TRAINING INTO CAREER, SOCIAL, AND ACADEMIC GOALS THROUGH THE DEVELOPMENT OF SUPPORTIVE RELATIONSHIPS THAT FOSTER INDIVIDUAL RESPONSIBILITY AND ACCOUNTABILITY THROUGH A COMPREHENSIVE RIGOROUS ACADEMIC AND COMPETENCY- BASED CURRICULUM. THE PALMETTO ACADEMY FOR LEARNING MOTORSPORTS CHARTER SCHOOL, INC. (PALM) PROVIDES AN INNOVATIVE ENVIRONMENT FOR SUCCESS THROUGH A RIGOROUS, HIGH-QUALITY ACADEMIC CHARTER HIGH-SCHOOL PROGRAM THAT BLENDS WITH A COMPETENCY-BASED CURRICULUM PERTAINING TO THE MOTORSPORTS INDUSTRIES. |
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| IRS990/OtherExpensesGrp/Desc | 3 | PUPIL ACTIVITY |
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| IRS990/PYTotalRevenueAmt | 0 | 3021585 |
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| IRS990/ReportOtherLiabilitiesInd | 0 | true |
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| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 167707 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 151854 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 4964 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | INTERCOMPANY PAYABLES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCRUED EXPENSES AND OTHER |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2919565 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | DIFFERENCE BETWEEN GAAS & GAAP BASIS 30,677 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE AUDITED FINANCIAL STATEMENTS (AFS) ARE PREPARED BASED ON GOVERNMENTAL FUND ACCOUNTING BASIS (I.E. REGULATORY ACCOUNTING PRINCIPLES). AS A RESULT, CERTAIN ITEMS OF EXPENSE ON THE AFS ARE NOT INCLUDED AS AN EXPENSE ON FORM 990 SUCH AS PRINCIPAL DEBT PAYMENTS AND CAPITAL OUTLAYS FOR FIXED ASSETS, ETC. THE ADJUSTMENTS PROVIDED IN PART XI AND PART XII HAVE BEEN MADE TO PRESENT THE STATEMENT OF REVENUE AND STATEMENT OF FUNCTIONAL EXPENSE ON FORM 990 IN A MANNER CONSISTENT WITH THE ACCRUAL BASIS OF ACCOUNTING UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 4, PART XII, LINE 4B |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 4, PART XIII |
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| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
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| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
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| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
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| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL PUBLISHES ITS NONDISCRIMINATORY STATEMENT IN ITS STUDENT HANDBOOK. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL. THEREFORE, IT DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL AID. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL. THEREFORE, IT DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL AID. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 3 | LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID. THE ORGANIZATION RECEIVES GOVERNMENTAL FUNDING FROM VARIOUS STATE AND FEDERAL AGENCIES, INCLUDING THE STATE OF SOUTH CAROLINA. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, LINE 4 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | SCHEDULE E, LINE 6 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | SCHEDULE E |
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| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE PALMETTO ACADEMY OF LEARNING MOTORSPORTS IS A VOCATIONAL SCHOOL THAT IS RELATED TO PALM CHARTER HIGH SCHOOL, A TUITION-FREE PUBLIC CHARTER SCHOOL OPEN TO ALL HORRY COUNTY STUDENTS, GRADES 9-12. WE OFFER A TECHNOLOGY-BASED BLENDED LEARNING ENVIRONMENT LEADING TO A SOUTH CAROLINA HIGH SCHOOL DIPLOMA. THE PALMETTO ACADEMY FOR LEARNING MOTORSPORTS, INC. (PALM) MISSION IS TO FOCUS THE INDIVIDUAL LEARNER ON DEVELOPING THEIR ACADEMIC AND SKILLS TRAINING INTO CAREER, SOCIAL, AND ACADEMIC GOALS THROUGH THE DEVELOPMENT OF SUPPORTIVE RELATIONSHIPS THAT FOSTER INDIVIDUAL RESPONSIBILITY AND ACCOUNTABILITY THROUGH A COMPREHENSIVE RIGOROUS ACADEMIC AND COMPETENCY- BASED CURRICULUM. THE PALMETTO ACADEMY FOR LEARNING MOTORSPORTS CHARTER SCHOOL, INC. (PALM) PROVIDES AN INNOVATIVE ENVIRONMENT FOR SUCCESS THROUGH A RIGOROUS, HIGH-QUALITY ACADEMIC CHARTER HIGH-SCHOOL PROGRAM THAT BLENDS WITH A COMPETENCY-BASED CURRICULUM PERTAINING TO THE MOTORSPORTS INDUSTRIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BOARD OF DIRECTORS IS PRESENTED A COPY OF THE RETURN FOR APPROVAL PRIOR TO FILING. THE BOARD REVIEWS AND ACKNOWLEDGES THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT A POTENTIAL CONFILCT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS. WHEN A KEY EMPLOYEE, SUCH AS A PRINCIPAL, IS HIRED, HIS/HER RESUME ALONG WITH SALARY REQUIREMENTS IS REVIEWED. A CONTRACT IS PROVIDED TO HIM/HER. THIS CONTRACT IS SIGNED BY THE EMPLOYEE & THE BOARD CHAIRMAN. A BUDGET ALONG WITH A SALARY SCHEDULE IS PROVIDED TO THE BOARD ON AN ANNUAL BASIS, NORMALLY IN JUNE FOR THE FISCAL YEAR BEGINNING JULY 1ST. THIS SALARY SCHEDULE LISTS ALL EMPLOYEES AND THEIR SALARIES. THE BOARD APPROVES THIS SCHEDULE AT THE SAME TIME THE ANNUAL BUDGET IS APPROVED. THIS APPROVAL IS DOCUMENTED IN THE MINUTES. THIS SALARY SCHEDULE IS COMPILED BY ADMINISTRATION AND PRESENTED TO THE BOARD FOR THEIR REVIEW AND APPROVAL. ADMINISTRATION VIEWS COMPARABLE DATA FROM THE HORRY COUNTY SCHOOL SYSTEM AND STRIVES TO PROVIDE A COMPETITIVE SALARY FOR EACH EMPLOYEE. ALL DECISIONS ARE DOCUMENTED. THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS IS PRESENTED A COPY OF THE RETURN FOR APPROVAL PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE BOARD REVIEWS AND ACKNOWLEDGES THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUCE HIMSELF/HERSELF FROM ALL DISCUSSIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | WHEN A KEY EMPLOYEE, SUCH AS A PRINCIPAL, IS HIRED, HIS/HER RESUME ALONG WITH SALARY REQUIREMENTS IS REVIEWED. A CONTRACT IS PROVIDED TO HIM/HER. THIS CONTRACT IS SIGNED BY THE EMPLOYEE & THE BOARD CHAIRMAN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | A BUDGET ALONG WITH A SALARY SCHEDULE IS PROVIDED TO THE BOARD ON AN ANNUAL BASIS, NORMALLY IN JUNE FOR THE FISCAL YEAR BEGINNING JULY 1ST. THIS SALARY SCHEDULE LISTS ALL EMPLOYEES AND THEIR SALARIES. THE BOARD APPROVES THIS SCHEDULE AT THE SAME TIME THE ANNUAL BUDGET IS APPROVED. THIS APPROVAL IS DOCUMENTED IN THE MINUTES. THIS SALARY SCHEDULE IS COMPILED BY ADMINISTRATION AND PRESENTED TO THE BOARD FOR THEIR REVIEW AND APPROVAL. ADMINISTRATION VIEWS COMPARABLE DATA FROM THE HORRY COUNTY SCHOOL SYSTEM AND STRIVES TO PROVIDE A COMPETITIVE SALARY FOR EACH EMPLOYEE. ALL DECISIONS ARE DOCUMENTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | AUDIT RESTATEMENT 12,382 DIFFERENCE BETWEEN GAAS & GAAP BASIS 30,677 TOTAL 43,059 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE BOARD OF DIRFECTORS OVERSEE THE AUDIT PROCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART XII |
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| IRS990/USAddress/CityNm | 0 | CONWAY |
| IRS990/USAddress/StateAbbreviationCd | 0 | SC |
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| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
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