Civic Intelligence

Schermco Foundation

EIN 85-3967606 • 501(c)3 • Charlotte, NC

Profile

Increase educational equity by investing

809 Westmere Avenue C146Charlotte, NC 28208

scherm.co

Siviq Scores

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

Liabilities / Assets

85th percentile

0.41x

Higher debt load relative to assets than 85% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

2.04x

Higher debt load relative to revenue than 97% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Source year 2025

Net Margin

65th percentile

15%

Higher net margin than 65% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

NTEE B • $500k-$1M nonprofits • Source year 2025

Asset Growth

88th percentile

71%

Faster asset growth than 88% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

4th percentile

-68%

Faster revenue growth than 4% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$549,472

Up $228,555 (+71%) from 2024

Liabilities

Up

$225,398

Up $211,580 (+1531%) from 2024

Net Assets

Up

$324,074

Up $16,975 (+5.5%) from 2024

Operations
Liabilities / Revenue97th percentileNet Margin65th percentile

Revenue

Down

$110,457

Down $239,182 (-68%) from 2024

Expenses

Down

$93,482

Down $219,017 (-70%) from 2024

Net Income

Down

$16,975

Down $20,165 (-54%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth88th percentile

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

$600K$400K$200K$0Assets 2020: $49,000Liabilities 2020: $735Net Assets 2020: $48,2652020Assets 2021: $97,295Liabilities 2021: $02021Assets 2022: $184,329Liabilities 2022: $0Net Assets 2022: $184,3292022Assets 2023: $285,672Liabilities 2023: $15,713Net Assets 2023: $269,9592023Assets 2024: $320,917Liabilities 2024: $13,818Net Assets 2024: $307,0992024Assets 2025: $549,472Liabilities 2025: $225,398Net Assets 2025: $324,0742025

Highlighted filing

2025

Assets$549,472
Liabilities$225,398
Net Assets$324,074
Open 2025 Filing

Operations Trend

Revenue Growth4th percentile

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

$400K$300K$200K$100K$0Revenue 2020: $50,750Expenses 2020: $2,485Net Income 2020: $48,2652020Revenue 2021: $114,099Expenses 2021: $65,069Net Income 2021: $49,0302021Revenue 2022: $120,375Expenses 2022: $33,341Net Income 2022: $87,0342022Revenue 2023: $245,546Expenses 2023: $159,917Net Income 2023: $85,6292023Revenue 2024: $349,639Expenses 2024: $312,499Net Income 2024: $37,1402024Revenue 2025: $110,457Expenses 2025: $93,482Net Income 2025: $16,9752025

Highlighted filing

2025

Revenue$110,457
Expenses$93,482
Net Income$16,975
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$549,472
Liabilities
$225,398
Net assets
$324,074
Revenue
$110,457
Expenses
$93,482
Net income
$16,975
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$2.25$3.24$1.10$0.93$0.17
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.14$3.07$3.50$3.12$0.37
2023Summary only. Only limited summary data is available for this year.$2.86$0.16$2.70$2.46$1.60$0.86
2022Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$1.20$0.33$0.87
2021Summary only. Only limited summary data is available for this year.$0.97$0.00$1.14$0.65$0.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.01$0.48$0.51$0.02$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$110,457
Mission and Program Overview

Mission

Increase educational equity by investing

The organization was formed to further invest and support equity in education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$260,016$288,040▲ $28,024
Accounts Receivable$44,750$244,574▲ $199,824
Savings and Temporary Cash Investments$16,151$16,858▲ $707
Total Assets$320,917$549,472▲ $228,555
Liabilities
Other Liabilities$0$216,324▲ $216,324
Accounts Payable and Accrued Expenses$5,105$9,074▲ $3,969
Deferred Revenue$8,713--
Total Liabilities$13,818$225,398▲ $211,580
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$307,099$324,074▲ $16,975
Total Net Assets Fund Balance$307,099$324,074▲ $16,975
Total Liabilities and Net Assets / Fund Balance$320,917$549,472▲ $228,555
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
Greg SchermbeckBoard Chair
Crystal RountreeDirector
Lori SchermbeckSecretary
Brandon ZeiglerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,135
Program Service Revenue
$105,304
Investment Income
$3,018
Other Revenue
$0
All Other Contributions
$2,135
Change in Net Assets
$16,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$53,784
Other Expenses$39,698
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$44,081--$44,081
Fees for Services Management-$7,875-$7,875
Other Employee Benefits$4,568--$4,568
Payroll Taxes$3,813--$3,813
Fees for Services Accounting-$2,995-$2,995
Travel$2,106--$2,106
Occupancy$1,472--$1,472
Pension Plan Contributions$1,322--$1,322
Information Technology$438--$438
Fees for Services Other$360--$360
Other Expenses$649$212-$212
All Other Expenses-$133-$133
Office Expenses$117--$117
Total Functional Expenses$81,873$11,609$0$93,482
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
Monies Held for Mecklenburg County ABC Board$216,324
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Greg Schermbeck and Lori Schermbeck are related. She is his mother.”

Form 990, Part VI, Section B, line 11B

“A draft copy of the tax return will be provided to the governing body before the return is filed.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy, and Form 990 available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
SchermCo Foundation
EIN
85-3967606
Phone
4193670119
Address
809 Westmere Avenue C146, Charlotte, NC 28208

Signing Officer

Name
Gregory Schermbeck
Title
Chair
Phone
4193670119
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Schermbeck
Formed
2020
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
2
Employees
3
Volunteers
4

Preparer

Firm
BNA CPAs & Advisors
Address
596 Herrons Ferry Rd 5th Floor, Rock Hill, SC 29730
Preparer
Bernard N Ackerman CPA
Phone
8033668371
Raw XML Appendix333 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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IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028208
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0scherm.co
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Gregory Schermbeck
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum04193670119
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SchermCo Foundation
ReturnHeader/Filer/BusinessNameControlTxt0SCHE
ReturnHeader/Filer/EIN0853967606
ReturnHeader/Filer/PhoneNum04193670119
ReturnHeader/Filer/USAddress/AddressLine1Txt0809 Westmere Avenue C146
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028208
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570707119
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BNA CPAs & Advisors
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0596 Herrons Ferry Rd 5th Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rock Hill
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029730
ReturnHeader/PreparerPersonGrp/PhoneNum08033668371
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bernard N Ackerman CPA
ReturnHeader/ReturnTs02025-11-12T07:10:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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