Civic Intelligence

Schermco Foundation Inc.

990EZ • Fiscal year 2020 • EIN 85-3967606

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 09, 2021

Organization Profilescherm.co
809 W Hill StreetCharlotte, NC 28208

(419) 367-0119

Siviq Scores

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

Liabilities / Assets

71st percentile

0.01x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.01x

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

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Net Margin

97th percentile

95%

Higher net margin than 97% of similar nonprofits.

2020 filings • NTEE B • <$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 • NTEE B • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets71st percentile

Assets

$49,000

No earlier filing loaded for comparison.

Net Assets

$48,265

No earlier filing loaded for comparison.

Liabilities

$735

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin97th percentile

Revenue

$50,750

No earlier filing loaded for comparison.

Expenses

$2,485

No earlier filing loaded for comparison.

Net Income

$48,265

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2020

Assets$49,000
Liabilities$735
Net Assets$48,265
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$50,750
Expenses$2,485
Net Income$48,265
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 9, 2021
Return Version
2020v4.0
Gross Receipts
$50,750
Mission and Program Overview

Mission

Increase educational equity by investing

Program Services

DescriptionGrantsExpenses
Increase educational equity by investing in supporting organizations--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg SchermbeckPresident-$0--
Filing and Contact Details

Filer

Filer Name
SchermCo Foundation
EIN
85-3967606
Address
809 W Hill Street, Charlotte, NC 28208

Signing Officer

Name
Greg Schermbeck
Title
President
Phone
4193670119
Signed
2021-02-09
Discuss with paid preparer
Yes

Preparer

Firm
Cory W Johnson CPA LLC
Address
6901 Saint Ambrose Way, Landover, MD 20785
Preparer
Cory W Johnson CPA
Phone
4438653778
Supplemental Narrative

Additional Explanations

Description of other assets Part II line 24

“Category Beginning of Year End of YearAccounts Receivable 0 49,000”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearAccounts Payable 0 735”

Raw XML Appendix111 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Greg Schermbeck
IRS990EZ/BooksInCareOfDetail/PhoneNum04193670119
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0809 W Hill Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Charlotte
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028208
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt00
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt050750
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt048265
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02485
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt049000
IRS990EZ/GrossReceiptsAmt050750
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt048265
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt048265
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Greg Schermbeck
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt049000
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Increase educational equity by investing
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Increase educational equity by investing in supporting organizations
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0735
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt02485
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt050750
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt050750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt050750
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt050750
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt050750
IRS990ScheduleA/Total509Grp/TotalAmt050750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt050750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt050750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Category Beginning of Year End of YearAccounts Receivable 0 49,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearAccounts Payable 0 735
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Greg Schermbeck
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04193670119
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SchermCo Foundation
ReturnHeader/Filer/BusinessNameControlTxt0SCHE
ReturnHeader/Filer/EIN0853967606
ReturnHeader/Filer/USAddress/AddressLine1Txt0809 W Hill Street
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471586658
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cory W Johnson CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06901 Saint Ambrose Way
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Landover
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020785
ReturnHeader/PreparerPersonGrp/PhoneNum04438653778
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cory W Johnson CPA
ReturnHeader/ReturnTs02021-04-13T10:28:11-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Greg
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Schermbeck
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$49,000
Liabilities
$735
Net assets
$48,265
Revenue
$50,750
Expenses
$2,485
Net income
$48,265
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
2020Detailed filing. Detailed filing data is available for this year.$0.49$0.01$0.48$0.51$0.02$0.48