Civic Intelligence

Berkley County Foundation for Education

990EZ • Fiscal year 2020 • EIN 57-1111408

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 14, 2022

Post Office Box 1184Moncks Corner, SC 29461

(843) 761-9543

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

58th percentile

9.6%

Faster asset growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

2.4%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$225,690

Up $19,856 (+9.6%) from 2019

Net Assets

Up

$225,690

Up $19,856 (+9.6%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$19,986

Up $465 (+2.4%) from 2019

Expenses

Down

$130

Down $5,415 (-98%) from 2019

Net Income

Up

$19,856

Up $5,880 (+42%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $144,154Net Assets 2012: $144,1542012Assets 2019: $205,834Net Assets 2019: $205,8342019Assets 2020: $225,690Net Assets 2020: $225,6902020Assets 2021: $235,622Net Assets 2021: $235,6222021Assets 2022: $262,788Net Assets 2022: $262,7882022Assets 2023: $269,902Net Assets 2023: $269,9022023Assets 2024: $282,345Net Assets 2024: $282,3452024Assets 2025: $304,394Net Assets 2025: $304,3942025

Highlighted filing

2020

Assets$225,690
Liabilities-
Net Assets$225,690

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2012: $4,329Expenses 2012: $6,302Net Income 2012: -$1,9732012Revenue 2019: $19,521Expenses 2019: $5,545Net Income 2019: $13,9762019Revenue 2020: $19,986Expenses 2020: $130Net Income 2020: $19,8562020Revenue 2021: $13,002Expenses 2021: $3,070Net Income 2021: $9,9322021Revenue 2022: $29,756Expenses 2022: $2,590Net Income 2022: $27,1662022Revenue 2023: $16,066Expenses 2023: $8,952Net Income 2023: $7,1142023Revenue 2024: $22,458Expenses 2024: $10,015Net Income 2024: $12,4432024Revenue 2025: $40,576Expenses 2025: $18,527Net Income 2025: $22,0492025

Highlighted filing

2020

Revenue$19,986
Expenses$130
Net Income$19,856
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 14, 2022
Return Version
2019v5.0
Gross Receipts
$19,986
Mission and Program Overview

Mission

The mission of berkeley county foundation for education - in partnership with individuals, businesses and the school district - is to provide financial resources for the pursuit of educational excellence and innovation.

Program Services

DescriptionGrantsExpenses
THE BERKELEY COUNTY FOUNDATION FOR EDUCATION IS AN ALL VOLUNTEER, NON- PROFIT ORGANIZATION, WHOSE GOAL IS THE IMPROVEMENT OF EDUCATION AT ALL LEVELS. ITS AIM IS TO PROVIDE ADDITIONAL SUPPORT, BOTH FINANICAL AND NON- FINANCIAL, TO THE PUBLIC SCHOOL SYSTEM IN THE COUNTY BY MEANS OF: (1) PROVIDING ADDITIONAL FUNDING FOR EDUCATIONAL PROJECTS THAT EXCEED THE SCHOOL DISTRICT'S OPERATING BUDGET AND OTHER FUNDING; (2) THROUGH THE USE OF GRANTS AND AWARDS, ENCOURAGE SCHOOLS, TEACHERS, AND STUDENTS TOWARDS QUALITY EDUCATIONAL PROGRAMS; (3) BY FOSTERING A POSITIVE COMMUNITY PERCEPTION OF EDUCATION IN THE COUNTY; AND (4) BY PROVIDING AN OCCASIONAL SCHOLARSHIP TO COLLEGE STUDENTS FROM THIS COUNTY. THERE ARE APPROXIMATELY 29,600 STUDENTS IN BERKELEY COUNTY IN GRADES K-12, WITH 40 SCHOOLS AND 2,257 TEACHERS THAT STAND TO BENEFIT FROM THIS ORGANIZATION'S EFFORTS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SALLY ANNE B WOFFORDChairman-$0--
JOHN O WILLIAMS IISecretary-$0--
JOHN M WATSONTreasurer-$0--
BOOKER MANIGAULTDirector-$0--
JERLEAN P HOLMESDirector-$0--
Filing and Contact Details

Filer

Filer Name
Berkeley County Foundation
EIN
57-1111408
Phone
8437619543
Address
POST OFFICE BOX 1184, MONCKS CORNER, SC 29461

Signing Officer

Name
John M Watson
Title
Treasurer
Phone
8437619543
Signed
2022-10-14
Discuss with paid preparer
Yes

Preparer

Firm
Chadwick D Sweatman CPA Pc
Address
320 E MAIN ST SUITE A, MONCKS CORNER, SC 29461-3770
Preparer
Chadwick D Sweatman CPA
Phone
8438991500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses bank service charges 130 total 130

Form 990-ez, Part III

The mission of berkeley county foundation for education - in partnership with individuals, businesses and the school district - is to provide financial resources for the pursuit of educational excellence and innovation.

Form 990-ez, Part III, Line 28

The berkeley county foundation for education is an all volunteer, non- profit organization, whose goal is the improvement of education at all levels. Its aim is to provide additional support, both finanical and non- financial, to the public school system in the county by means of: (1) providing additional funding for educational projects that exceed the school district's operating budget and other funding; (2) through the use of grants and awards, encourage schools, teachers, and students towards quality educational programs; (3) by fostering a positive community perception of education in the county; and (4) by providing an occasional scholarship to college students from this county. There are approximately 29,600 students in berkeley county in grades k-12, with 40 schools and 2,257 teachers that stand to benefit from this organization's efforts.

Raw XML Appendix136 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANK SERVICE CHARGES 130 TOTAL 130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MISSION OF BERKELEY COUNTY FOUNDATION FOR EDUCATION - IN PARTNERSHIP WITH INDIVIDUALS, BUSINESSES AND THE SCHOOL DISTRICT - IS TO PROVIDE FINANCIAL RESOURCES FOR THE PURSUIT OF EDUCATIONAL EXCELLENCE AND INNOVATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BERKELEY COUNTY FOUNDATION FOR EDUCATION IS AN ALL VOLUNTEER, NON- PROFIT ORGANIZATION, WHOSE GOAL IS THE IMPROVEMENT OF EDUCATION AT ALL LEVELS. ITS AIM IS TO PROVIDE ADDITIONAL SUPPORT, BOTH FINANICAL AND NON- FINANCIAL, TO THE PUBLIC SCHOOL SYSTEM IN THE COUNTY BY MEANS OF: (1) PROVIDING ADDITIONAL FUNDING FOR EDUCATIONAL PROJECTS THAT EXCEED THE SCHOOL DISTRICT'S OPERATING BUDGET AND OTHER FUNDING; (2) THROUGH THE USE OF GRANTS AND AWARDS, ENCOURAGE SCHOOLS, TEACHERS, AND STUDENTS TOWARDS QUALITY EDUCATIONAL PROGRAMS; (3) BY FOSTERING A POSITIVE COMMUNITY PERCEPTION OF EDUCATION IN THE COUNTY; AND (4) BY PROVIDING AN OCCASIONAL SCHOLARSHIP TO COLLEGE STUDENTS FROM THIS COUNTY. THERE ARE APPROXIMATELY 29,600 STUDENTS IN BERKELEY COUNTY IN GRADES K-12, WITH 40 SCHOOLS AND 2,257 TEACHERS THAT STAND TO BENEFIT FROM THIS ORGANIZATION'S EFFORTS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PhoneNum08438991500
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ReturnHeader/ReturnTs02022-10-14T15:47:08-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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Filings