Civic Intelligence

Quixote Foundation

EIN 85-0997197 • 501(c)3 • Sumter, SC

Profile

Quixote foundation is set up as a type ii supporting organization exclusively for the benefit of liberty steam charter school and to carry out liberty steam charter school's program initiatives that support the broader community of sumter, south carolina.

100 N Main StreetSumter, SC 29150
Siviq Scores

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

Liabilities / Assets

70th percentile

0.33x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

84th percentile

1.00x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

92nd percentile

61%

Higher net margin than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Assets

Down

$6,322,402

Down $670,876 (-9.6%) from 2024

Liabilities

Down

$2,100,000

Down $1,950,000 (-48%) from 2024

Net Assets

Up

$4,222,402

Up $1,279,124 (+43%) from 2024

Revenue

Up

$2,098,528

Up $449,544 (+27%) from 2024

Expenses

Up

$819,404

Up $171,104 (+26%) from 2024

Net Income

Up

$1,279,124

Up $278,440 (+28%) from 2024

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $1Liabilities 2020: $02020Assets 2021: $329,406Liabilities 2021: $0Net Assets 2021: $329,4062021Assets 2023: $6,839,621Liabilities 2023: $4,897,027Net Assets 2023: $1,942,5942023Assets 2024: $6,993,278Liabilities 2024: $4,050,000Net Assets 2024: $2,943,2782024Assets 2025: $6,322,402Liabilities 2025: $2,100,000Net Assets 2025: $4,222,4022025

Highlighted filing

2025

Assets$6,322,402
Liabilities$2,100,000
Net Assets$4,222,402

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $330,049Expenses 2021: $643Net Income 2021: $329,4062021Revenue 2023: $914,790Expenses 2023: $336,558Net Income 2023: $578,2322023Revenue 2024: $1,648,984Expenses 2024: $648,300Net Income 2024: $1,000,6842024Revenue 2025: $2,098,528Expenses 2025: $819,404Net Income 2025: $1,279,1242025

Highlighted filing

2025

Revenue$2,098,528
Expenses$819,404
Net Income$1,279,124

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$2,360,583
Mission and Program Overview

Mission

Quixote foundation is set up as a type ii supporting organization exclusively for the benefit of liberty steam charter school and to carry out liberty steam charter school's program initiatives that support the broader community of sumter, south carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,325,618$6,152,508▼ $173,110
Savings and Temporary Cash Investments$636,165$148,886▼ $487,279
Intangible Assets$19,961$17,589▼ $2,372
Cash and Non-Interest-Bearing Accounts$11,534$3,419▼ $8,115
Total Assets$6,993,278$6,322,402▼ $670,876
Liabilities
Other Liabilities$4,050,000$2,100,000▼ $1,950,000
Total Liabilities$4,050,000$2,100,000▼ $1,950,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,943,278$4,222,402▲ $1,279,124
Total Net Assets Fund Balance$2,943,278$4,222,402▲ $1,279,124
Total Liabilities and Net Assets / Fund Balance$6,993,278$6,322,402▼ $670,876

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,080,508$670,803$6,751,311
Land$72,000-$72,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Gifford ShawAt-large Director$40,125$40,125

Board Members and Trustees

NameTitle
Danielle ThompsonAt-large Director
Lewis ThompsonAt-large Director
Cammy ChandlerSchool Direc
Greg ThompsonSchool Direc
Jenny KnopfSchool Direc
Lashea DavisSchool Direc
Meagan KuhlmanSecretary
Curtis HuttoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,672,609
Program Service Revenue
$0
Investment Income
$2,069
Other Revenue
$423,850
All Other Contributions
$1,672,609
Change in Net Assets
$1,279,124

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 Amount
Securities Publicly Traded4$262,054
Total Noncash Contributions4$262,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$819,404
Total Fundraising Expense$416,934
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising--$220,485$220,485
Occupancy$219,512--$219,512
Depreciation Depletion$175,482--$175,482
Fees for Services Other--$60,000$60,000
Other Expenses--$9,152$9,152
Fees for Services Accounting-$4,200-$4,200
Fees for Services Legal-$1,346-$1,346
Office Expenses-$1,051-$1,051
All Other Expenses-$879-$879
Conferences and Meetings--$655$655
Total Functional Expenses$394,994$7,476$416,934$819,404
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$423,850
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ibg Golf Tourna$245,950$245,950-$245,950
Big Night Tasti$177,900$177,900-$177,900
Total Events$423,850$423,850-$423,850
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
N/p First Citizens - Building$2,100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 2

Greg thompson danielle thompson school direc at-large dir spouse greg thompson lewis thompson school direc at-large dir brother

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

The governing board of directors meets to review the 990 and the corresponding annual financials prior to its filing. The governing board does routinely review monthly financials as well.

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

Directors are required to read and sign our conflict of interest policy annually in order to identify any potential conflicts of interest.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Quixote Foundation
EIN
85-0997197
Phone
8034188228
Address
100 N MAIN STREET, SUMTER, SC 29150

Signing Officer

Name
Meagan Kuhlman
Title
Secretary
Phone
8034188228
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gifford Shaw
Formed
2020
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Porter L Thompkins Jr CPA
Address
409 N SALEM AVENUE, SUMTER, SC 29150
Preparer
Porter L Thompkins Jr CPA
Phone
8037731151
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Quixote foundation is set up as a type ii supporting organization exclusively for the benefit of liberty steam charter school and to carry out liberty steam charter school's program initiatives that support the broader community of sumter, south carolina.

Form 990, Page 2, Part III, Line 4D

To support the liberty steam charter school.

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0670803
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06751311
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0N/P FIRST CITIZENS - BUILDING
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06152508
IRS990ScheduleD/TotalLiabilityAmt02100000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0IBG GOLF TOURNA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BIG NIGHT TASTI
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0QUIXOTE FOUNDATION IS SET UP AS A TYPE II SUPPORTING ORGANIZATION EXCLUSIVELY FOR THE BENEFIT OF LIBERTY STEAM CHARTER SCHOOL AND TO CARRY OUT LIBERTY STEAM CHARTER SCHOOL'S PROGRAM INITIATIVES THAT SUPPORT THE BROADER COMMUNITY OF SUMTER, SOUTH CAROLINA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO SUPPORT THE LIBERTY STEAM CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GREG THOMPSON DANIELLE THOMPSON SCHOOL DIREC AT-LARGE DIR SPOUSE GREG THOMPSON LEWIS THOMPSON SCHOOL DIREC AT-LARGE DIR BROTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BOARD OF DIRECTORS MEETS TO REVIEW THE 990 AND THE CORRESPONDING ANNUAL FINANCIALS PRIOR TO ITS FILING. THE GOVERNING BOARD DOES ROUTINELY REVIEW MONTHLY FINANCIALS AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTORS ARE REQUIRED TO READ AND SIGN OUR CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxableDistributionsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt06322402
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0394994
IRS990/TotalFunctionalExpensesGrp/TotalAmt0819404
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04050000
IRS990/TotalLiabilitiesEOYAmt02100000
IRS990/TotalLiabilitiesGrp/BOYAmt04050000
IRS990/TotalLiabilitiesGrp/EOYAmt02100000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02943278
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04222402
IRS990/TotalProgramServiceExpensesAmt0394994
IRS990/TotalRevenueGrp/ExclusionAmt0156
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MEAGAN KUHLMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08034188228
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0QUIXOTE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0QUIX
ReturnHeader/Filer/EIN0850997197
ReturnHeader/Filer/PhoneNum08034188228
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 N MAIN STREET
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570789856
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PORTER L THOMPKINS JR CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0409 N SALEM AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SUMTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029150
ReturnHeader/PreparerPersonGrp/PhoneNum08037731151
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PORTER L THOMPKINS JR CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-14T09:35:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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