Civic Intelligence

Palmetto Academy for Learning Motorsports Inc.

990 • Fiscal year 2020 • EIN 27-2409627

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 19, 2021

Organization ProfilePALMSC.ORG
825 W Cox Ferry RoadConway, SC 29526-8510

(843) 903-6600

Siviq Scores

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

Liabilities / Assets

94th percentile

1.07x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

2.38x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

22nd percentile

-7.8%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$92,724

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

27th percentile

-0.6%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

83rd percentile

33%

Faster revenue growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$5,144,115

Down $28,489 (-0.6%) from 2019

Net Assets

Down

-$344,304

Down $180,421 (-110%) from 2019

Liabilities

Up

$5,488,419

Up $151,932 (+2.8%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin22nd percentile

Revenue

Up

$2,303,569

Up $566,582 (+33%) from 2019

Expenses

Up

$2,483,990

Up $593,505 (+31%) from 2019

Net Income

Down

-$180,421

Down $26,923 (-18%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2018: $298,110Liabilities 2018: $308,495Net Assets 2018: -$10,3852018Assets 2019: $5,172,604Liabilities 2019: $5,336,487Net Assets 2019: -$163,8832019Assets 2020: $5,144,115Liabilities 2020: $5,488,419Net Assets 2020: -$344,3042020Assets 2021: $5,476,271Liabilities 2021: $5,505,016Net Assets 2021: -$28,7452021Assets 2022: $6,021,291Liabilities 2022: $5,489,682Net Assets 2022: $531,6092022Assets 2023: $6,037,732Liabilities 2023: $5,276,214Net Assets 2023: $761,5182023Assets 2024: $5,726,064Liabilities 2024: $5,174,983Net Assets 2024: $551,0812024

Highlighted filing

2020

Assets$5,144,115
Liabilities$5,488,419
Net Assets-$344,304
Open 2020 Filing

Operations Trend

Revenue Growth83rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $1,666,190Expenses 2018: $1,618,768Net Income 2018: $47,4222018Revenue 2019: $1,736,987Expenses 2019: $1,890,485Net Income 2019: -$153,4982019Revenue 2020: $2,303,569Expenses 2020: $2,483,990Net Income 2020: -$180,4212020Revenue 2021: $2,932,770Expenses 2021: $2,617,211Net Income 2021: $315,5592021Revenue 2022: $3,296,295Expenses 2022: $2,735,941Net Income 2022: $560,3542022Revenue 2023: $3,021,585Expenses 2023: $2,791,676Net Income 2023: $229,9092023Revenue 2024: $2,919,565Expenses 2024: $3,173,061Net Income 2024: -$253,4962024

Highlighted filing

2020

Revenue$2,303,569
Expenses$2,483,990
Net Income-$180,421
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 19, 2021
Return Version
2019v5.2
Gross Receipts
$2,303,569
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.

Palm charter high school is 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
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,725,842$4,577,812▼ $148,030
Cash and Non-Interest-Bearing Accounts$173,482$392,477▲ $218,995
Prepaid Expenses and Deferred Charges$62,426$57,500▼ $4,926
Accounts Receivable$145,325$1,977▼ $143,348
Total Assets$5,172,604$5,144,115▼ $28,489
Other Assets Total$65,529$114,349▲ $48,820
Liabilities
Unsecured Notes Loans Payable$4,958,588$5,163,873▲ $205,285
Deferred Revenue$209,156$299,774▲ $90,618
Accounts Payable and Accrued Expenses$23,051$16,584▼ $6,467
Other Liabilities$145,692$8,188▼ $137,504
Total Liabilities$5,336,487$5,488,419▲ $151,932
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-139,725$-172,116▼ $32,391
Net Assets With Donor Restrictions$-24,158$-172,188▼ $148,030
Total Net Assets Fund Balance$-163,883$-344,304▼ $180,421
Total Liabilities and Net Assets / Fund Balance$5,172,604$5,144,115▼ $28,489

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,118,000$232,000$4,350,000
Land$400,000-$400,000
Equipment$54,046$90,232$144,278
Leasehold Improvements$933$34,367$35,300
Other Land Buildings$4,833$9,667$14,500
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John a MoorePrincipalFT$82,425$10,299$92,724

Board Members and Trustees

NameTitle
Kristin McclellanChairman
Raymond HicksVice Chairman
Michael LillquistMember
Dawn JewellSecretary
Charles F Granger IiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,242,076
Program Service Revenue
$47,591
Investment Income
$282
Other Revenue
$13,620
All Other Contributions
$2,513
Change in Net Assets
$-180,421

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,303,569
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$241,730
Total Revenue per Audited Statements
$2,545,299
Total Revenue per Form 990
$2,303,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,363,452
Other Expenses$1,120,538
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,030,300$44,590-$1,074,890
Interest$317,481$79,370-$396,851
Depreciation Depletion$153,405$38,351-$191,756
Other Employee Benefits$175,670$1,037-$176,707
Payroll Taxes$91,668$49-$91,717
Occupancy$66,159$16,540-$82,699
Insurance-$38,572-$38,572
All Other Expenses$29,572$3,546-$33,118
Other Expenses$31,361--$31,361
Fees for Services Management-$23,303-$23,303
Fees for Services Accounting-$22,175-$22,175
Pension Plan Contributions$19,941$197-$20,138
Fees for Services Legal-$12,417-$12,417
Advertising-$6,784-$6,784
Total Functional Expenses$2,197,059$286,931$0$2,483,990

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,483,990
Total Expenses per Audited Statements$2,483,990
Total Expenses per Form 990$2,483,990
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$8,188
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, Section B, Line 11B

“The board of directors is presented a copy of the return for approval prior to filing.”

Form 990, Part VI, Section B, Line 12C

“A conflict of interest questionnaire is distributed as part of the annual audit. In the event of a potential conflict, the board member will recuse themselves from an official discussion or vote.”

Form 990, Part VI, Section B, Line 15

“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 reviews comparable data from the horry county school system. We strive to provide a competitive salary for each of our employees, however, we do not have grade levels of compensation.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents, conflict of interest policy, and financial statements are available upon written request.”

Filing and Contact Details

Filer

Filer Name
Palmetto Academy for Learning
EIN
27-2409627
Phone
8439036600
Address
825 W COX FERRY ROAD, CONWAY, SC 29526-8510

Signing Officer

Name
Kristin Mcclellan
Title
Chairman
Phone
8439036600
Signed
2021-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristin Mcclellan
Formed
2012
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
32
Volunteers
5

Preparer

Firm
Elliott Davis Llcpllc
Address
1901 MAIN STREET SUITE 900, COLUMBIA, SC 29201
Preparer
Denise P Hill
Phone
8032560002
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Supplies : program service expenses 13,704. Management and general expenses 3,426. Fundraising expenses 0. Total expenses 17,130. Printing and binding: program service expenses 8,401. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,401. Pupil activity: program service expenses 3,917. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,917. Student transportation: program service expenses 2,174. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,174. Memership dues: program service expenses 1,376. Management and general expenses 120. Fundraising expenses 0. Total expenses 1,496.”

FORM 990, PAGE 12, PART XII, LINE 2C:

“The board of directors oversee the audit process.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Proceeds from long term debt 241,730.”

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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/ProgramServiceRevenueGrp/Desc0LUNCH SALES
IRS990/ProgramServiceRevenueGrp/Desc1PUPIL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt029523
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118068
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt029523
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118068
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01714517
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-32127
IRS990/PYOtherExpensesAmt0685557
IRS990/PYOtherRevenueAmt03000
IRS990/PYProgramServiceRevenueAmt051597
IRS990/PYRevenuesLessExpensesAmt0-153498
IRS990/PYSalariesCompEmpBnftPaidAmt01204928
IRS990/PYTotalExpensesAmt01890485
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01736987
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-180421
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt013620
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt047590
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04118000
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0232000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04350000
IRS990ScheduleD/EquipmentGrp/BookValueAmt054046
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090232
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0144278
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02483990
IRS990ScheduleD/LandGrp/BookValueAmt0400000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0400000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0933
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt034367
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035300
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04833
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09667
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherRevenueAmt0241730
IRS990ScheduleD/RevenueNotReportedAmt0241730
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02303569
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROCEEDS FROM LONG TERM DEBT 241,730.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04577812
IRS990ScheduleD/TotalExpensesPerForm990Amt02483990
IRS990ScheduleD/TotalLiabilityAmt08188
IRS990ScheduleD/TotalRevenuePerForm990Amt02303569
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02545299
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02483990
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLISHES ITS NONDISCRIMINATORY STATEMENT IN ITS STUDENT HANDBOOK.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL. THEREFORE, IT DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES GOVERNMENTAL FUNDING FROM VARIOUS STATE AND FEDERAL AGENCIES, INCLUDING THE STATE OF SOUTH CAROLINA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS IS PRESENTED A COPY OF THE RETURN FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED AS PART OF THE ANNUAL AUDIT. IN THE EVENT OF A POTENTIAL CONFLICT, THE BOARD MEMBER WILL RECUSE THEMSELVES FROM AN OFFICIAL DISCUSSION OR VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WHEN 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 REVIEWS COMPARABLE DATA FROM THE HORRY COUNTY SCHOOL SYSTEM. WE STRIVE TO PROVIDE A COMPETITIVE SALARY FOR EACH OF OUR EMPLOYEES, HOWEVER, WE DO NOT HAVE GRADE LEVELS OF COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUPPLIES : PROGRAM SERVICE EXPENSES 13,704. MANAGEMENT AND GENERAL EXPENSES 3,426. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,130. PRINTING AND BINDING: PROGRAM SERVICE EXPENSES 8,401. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,401. PUPIL ACTIVITY: PROGRAM SERVICE EXPENSES 3,917. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,917. STUDENT TRANSPORTATION: PROGRAM SERVICE EXPENSES 2,174. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,174. MEMERSHIP DUES: PROGRAM SERVICE EXPENSES 1,376. MANAGEMENT AND GENERAL EXPENSES 120. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,496.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS OVERSEE THE AUDIT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05172604
IRS990/TotalAssetsEOYAmt05144115
IRS990/TotalAssetsGrp/BOYAmt05172604
IRS990/TotalAssetsGrp/EOYAmt05144115
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02242076
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0286931
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02197059
IRS990/TotalFunctionalExpensesGrp/TotalAmt02483990
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05336487
IRS990/TotalLiabilitiesEOYAmt05488419
IRS990/TotalLiabilitiesGrp/BOYAmt05336487
IRS990/TotalLiabilitiesGrp/EOYAmt05488419
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-163883
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-344304
IRS990/TotalOtherCompensationAmt010299
IRS990/TotalProgramServiceExpensesAmt02197059
IRS990/TotalProgramServiceRevenueAmt047591
IRS990/TotalReportableCompFromOrgAmt082425
IRS990/TotalRevenueGrp/ExclusionAmt013902
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt047591
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02303569
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05172604
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05144115
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt04958588
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt05163873
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0826 WEST COX FERRY ROAD
IRS990/USAddress/CityNm0CONWAY
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029526
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0PALMSC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTIN MCCLELLAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08439036600
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALMETTO ACADEMY FOR LEARNING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MOTORSPORTS

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,144,115
Liabilities
$5,488,419
Net assets
-$344,304
Revenue
$2,303,569
Expenses
$2,483,990
Net income
-$180,421
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.73$5.17$0.55$2.92$3.17$0.25
2023Detailed filing. Detailed filing data is available for this year.$6.04$5.28$0.76$3.02$2.79$0.23
2022Detailed filing. Detailed filing data is available for this year.$6.02$5.49$0.53$3.30$2.74$0.56
2021Detailed filing. Detailed filing data is available for this year.$5.48$5.51$0.03$2.93$2.62$0.32
2020Detailed filing. Detailed filing data is available for this year.$5.14$5.49$0.34$2.30$2.48$0.18
2019Detailed filing. Detailed filing data is available for this year.$5.17$5.34$0.16$1.74$1.89$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.30$0.31$0.01$1.67$1.62$0.05