Civic Intelligence

Porter-Gaud Foundation

EIN 45-2701202 • 501(c)3 • Charleston, SC

Profile

The foundation is operated for the benefit of, to perform the functions of, and to carry out the purposes of, the porter academy d/b/a porter-gaud school and its affiliated entities (the "supported charities"). The foundation supports the supported charities by stimulating, receiving and granting charitable gifts to advance programs of education.

300 Albemarle RdCharleston, SC 29407

www.portergaud.edu

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

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

501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

5th percentile

0.00x

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

501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

17th percentile

-3.8%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

48%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $38,788,810 (-100%) from 2023

Liabilities

Down

$0

Down $83,079 (-100%) from 2023

Net Assets

Down

$0

Down $38,705,731 (-100%) from 2023

Revenue

Down

$7,489,996

Down $4,644,739 (-38%) from 2023

Expenses

Up

$3,916,320

Up $1,365,340 (+54%) from 2023

Net Income

Down

$3,573,676

Down $6,010,079 (-63%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2012: $11,315,116Liabilities 2012: $72,451Net Assets 2012: $11,242,6652012Assets 2013: $12,395,083Liabilities 2013: $76,917Net Assets 2013: $12,318,1662013Assets 2014: $14,805,976Liabilities 2014: $106,634Net Assets 2014: $14,699,3422014Assets 2015: $16,687,796Liabilities 2015: $109,903Net Assets 2015: $16,577,8932015Assets 2016: $17,234,042Liabilities 2016: $78,196Net Assets 2016: $17,155,8462016Assets 2017: $19,131,942Liabilities 2017: $546,629Net Assets 2017: $18,585,3132017Assets 2018: $22,838,163Liabilities 2018: $221,894Net Assets 2018: $22,616,2692018Assets 2019: $22,540,960Liabilities 2019: $117,203Net Assets 2019: $22,423,7572019Assets 2020: $23,831,844Liabilities 2020: $663,643Net Assets 2020: $23,168,2012020Assets 2021: $28,975,027Liabilities 2021: $1,460Net Assets 2021: $28,973,5672021Assets 2022: $27,871,180Liabilities 2022: $0Net Assets 2022: $27,871,1802022Assets 2023: $38,788,810Liabilities 2023: $83,079Net Assets 2023: $38,705,7312023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $980,399Expenses 2012: $797,195Net Income 2012: $183,2042012Expenses 2013: $843,6312013Revenue 2014: $1,551,060Expenses 2014: $1,154,616Net Income 2014: $396,4442014Revenue 2015: $3,418,152Expenses 2015: $1,437,336Net Income 2015: $1,980,8162015Revenue 2016: $3,025,126Expenses 2016: $2,006,015Net Income 2016: $1,019,1112016Revenue 2017: $2,316,517Expenses 2017: $2,104,107Net Income 2017: $212,4102017Revenue 2018: $4,615,904Expenses 2018: $1,096,740Net Income 2018: $3,519,1642018Revenue 2019: $2,123,195Expenses 2019: $2,737,993Net Income 2019: -$614,7982019Revenue 2020: $1,830,033Expenses 2020: $1,619,325Net Income 2020: $210,7082020Revenue 2021: $3,156,665Expenses 2021: $1,700,441Net Income 2021: $1,456,2242021Revenue 2022: $4,665,580Expenses 2022: $1,552,424Net Income 2022: $3,113,1562022Revenue 2023: $12,134,735Expenses 2023: $2,550,980Net Income 2023: $9,583,7552023Revenue 2024: $7,489,996Expenses 2024: $3,916,320Net Income 2024: $3,573,6762024

Highlighted filing

2024

Revenue$7,489,996
Expenses$3,916,320
Net Income$3,573,676

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 14, 2025
Return Version
2023v6.0
Gross Receipts
$7,730,082
Mission and Program Overview

Mission

The foundation is operated for the benefit of, to perform the functions of, and to carry out the purposes of, the porter academy d/b/a porter-gaud school and its affiliated entities (the "supported charities"). The foundation supports the supported charities by stimulating, receiving and granting charitable gifts to advance programs of education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,529,893--
Pledges and Grants Receivable$8,785,952--
Cash and Non-Interest-Bearing Accounts$4,847,398--
Prepaid Expenses and Deferred Charges$279,767--
Total Assets$38,788,810$0▼ $38,788,810
Other Assets Total$4,345,800--
Liabilities
Accounts Payable and Accrued Expenses$83,079--
Total Liabilities$83,079$0▼ $83,079
Net Assets / Fund Balance
Net Assets With Donor Restrictions$25,091,183--
Net Assets Without Donor Restrictions$13,614,548--
Total Net Assets Fund Balance$38,705,731$0▼ $38,705,731
Total Liabilities and Net Assets / Fund Balance$38,788,810$0▼ $38,788,810

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$25,631,655$278,493▲ $2,511,327--
2022$23,291,193$974,266▲ $1,759,206-$25,631,655
2021$25,389,484$1,781,024▼ $3,523,315-$23,291,193
2020$20,286,602$486,791▲ $4,973,008-$25,389,484
2019$19,143,582$367,109▲ $1,099,835-$20,286,602
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Craig StewartExecutive DiFT$200,630$200,630
Revenue and Support

Revenue Composition

Contributions and Grants
$6,274,927
Program Service Revenue
$0
Investment Income
$799,394
Other Revenue
$415,675
All Other Contributions
$6,274,927
Change in Net Assets
$3,573,676

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
Securities Publicly Traded4$44,001Fair Market Value (FMV) on Contribution Date
Total Noncash Contributions4$44,001-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,903,782
Other Expenses$1,012,538
Total Fundraising Expense$1,012,538
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,903,782--$2,903,782
Payments to Affiliates--$501,618$501,618
Conferences and Meetings--$133,107$133,107
Other Expenses--$38,218$38,218
Office Expenses--$38,194$38,194
Fees for Services Other--$20,000$20,000
All Other Expenses--$8,892$8,892
Travel--$5,809$5,809
Fees for Services Accounting--$1,500$1,500
Total Functional Expenses$2,903,782$0$1,012,538$3,916,320
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Porter-gaud SchoolCharleston, SC501c3Assistance to School$2,903,782
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$602,654
Fundraising Direct Expenses$210,502
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Parents Guild a$283,064$283,064$29,700$253,364
Concessions at$134,110$134,110$32,770$101,340
Total Events$599,931$599,931$203,697$396,234
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A drafted copy of form 990 is provided to board members for review and approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

A copy of the policy is circulated annually for review and approval.

Form 990, Page 6, Part VI, Line 15A

Employment contracts comply with board approved budget amounts and are handled by the porter-gaud school human resources department and are signed by the porter-gaud school head of school.

Form 990, Page 6, Part VI, Line 15B

SAME AS 15A

Form 990, Page 6, Part VI, Line 19

This information is not made generally available. Requests are considered on a case-by-case basis.

Filing and Contact Details

Filer

Filer Name
Porter-gaud Foundation
EIN
45-2701202
Phone
8435563620
Address
300 ALBEMARLE RD, CHARLESTON, SC 29407

Signing Officer

Name
Craig Stewart
Title
Executive Director
Phone
8434024690
Signed
2025-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Stewart
Formed
2011
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Legare Bailey & Hinske LLC
Address
1100 QUEENSBOROUGH BLVD STE 100, MT PLEASANT, SC 29464-3626
Preparer
Benjamin G Newton CPA
Phone
8437660400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation is operated for the benefit of, to perform the functions of, and to carry out the purposes of, the porter academy d/b/a porter-gaud school and its affiliated entities (the "supported charities"). The foundation supports the supported charities by stimulating, receiving and granting charitable gifts to advance programs of education.

Form 990, Part XI, Line 9

Final distribution of net assets -44,184,470

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IRS990/MissionDesc0THE FOUNDATION IS OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, THE PORTER ACADEMY D/B/A PORTER-GAUD SCHOOL AND ITS AFFILIATED ENTITIES (THE "SUPPORTED CHARITIES"). THE FOUNDATION SUPPORTS THE SUPPORTED CHARITIES BY STIMULATING, RECEIVING AND GRANTING CHARITABLE GIFTS TO ADVANCE PROGRAMS OF EDUCATION.
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IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2OTHER SUPPORTING ORG
IRS990/OtherExpensesGrp/Desc3SOFTWARE MAINTENANCE
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PARENTS GUILD A
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSISTANCE TO SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PORTER-GAUD SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0PORTER-GAUD SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0570342032
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0300 ALBEMARLE RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0300 ALBEMARLE RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLESTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029407
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS AND ASSISTANCE ARE MONITORED BY THE FOUNDATION BY ENSURING AMOUNTS ARE USED FOR APPROVED PURPOSES BY PORTER-GAUD SCHOOL PER REPORTS, BUDGETS, AND OTHER APPROVALS.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1ASSISTANCE IS PROVIDED BY THE FOUNDATION TO PORTER-GAUD SCHOOL IN CONNECTION WITH THE FOUNDATION'S MISSION AND PURPOSE. ASSISTANCE IS PROVIDED TO PORTER-GAUD SCHOOL FOR USE IN VARIOUS PROGRAMS AND OPERATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PAGE 4, PART IV
IRS990ScheduleI/Total501c3OrgCnt01
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