Liabilities / Assets
63rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
63rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
79th percentile
Higher net margin than 79% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
91st percentile
Faster asset growth than 91% of similar nonprofits.
Revenue Growth
87th percentile
Faster revenue growth than 87% of similar nonprofits.
Balance Sheet
Assets
Flat$97,295
Flat from 2021
Net Assets
$97,295
No earlier filing loaded for comparison.
Liabilities
Flat$0
Flat from 2021
Revenue And Expenses
Revenue
Flat$114,099
Flat from 2021
Expenses
Flat$65,069
Flat from 2021
Net Income
Flat$49,030
Flat from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Apr 20, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $114,099
Mission and Program Overview
Mission
Increase educational equity by investing
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Increase educational equity by investing in supporting organizations | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Greg Schermbeck | President | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- SchermCo Foundation
- EIN
- 85-3967606
- Address
- 809 W Hill Street STE 146, Charlotte, NC 28208
Signing Officer
- Name
- Greg Schermbeck
- Title
- President
- Phone
- 4193670119
- Signed
- 2022-04-20
- 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
- 2024705285
Supplemental Narrative
Additional Explanations
List of grants and similar amounts paid Part I line 10
“Activity To provide family empowement engagement services Grantee Schermbeck Consulting Street 3243 Wesley Ave City, State, Zip Charlotte, NC 28205Relationship Contributor Amount 57,500Activity For staff morale event Grantee Wilson STEM Academy Street 7020 Tuckaseegee Rd City, State, Zip Charlotte, NC 28214Relationship Grantee Amount 435”
Description of other expenses Part I line 16
“Description AmountPostage 15Program 5,924Supplies 85Software & Technology 370”
Description of other assets Part II line 24
“Category Beginning of Year End of YearAccounts Receivable 49,000 0”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearAccounts Payable 735 0”
Raw XML Appendix123 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Greg Schermbeck |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4193670119 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 809 W Hill Street |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Charlotte |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28208 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 97295 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 108200 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 49030 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 740 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 49000 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 97295 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 57935 |
| IRS990EZ/GrossReceiptsAmt | 0 | 114099 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 48265 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 97295 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 48265 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 97295 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Greg Schermbeck |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 49000 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 6394 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Increase educational equity by investing |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 5897 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Increase educational equity by investing in supporting organizations |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 735 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 65069 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 114099 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 114097 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 50750 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 164847 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 164847 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 114097 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 50750 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 164847 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 114097 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 50750 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 164847 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity To provide family empowement engagement services Grantee Schermbeck Consulting Street 3243 Wesley Ave City, State, Zip Charlotte, NC 28205Relationship Contributor Amount 57,500Activity For staff morale event Grantee Wilson STEM Academy Street 7020 Tuckaseegee Rd City, State, Zip Charlotte, NC 28214Relationship Grantee Amount 435 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountPostage 15Program 5,924Supplies 85Software & Technology 370 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearAccounts Receivable 49,000 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearAccounts Payable 735 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Greg Schermbeck |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4193670119 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-04-20 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SchermCo Foundation |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SCHE |
| ReturnHeader/Filer/EIN | 0 | 853967606 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 809 W Hill Street STE 146 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Charlotte |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28208 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 471586658 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Cory W Johnson CPA LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 6901 Saint Ambrose Way |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Landover |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 20785 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2024705285 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-04-27 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Cory W Johnson CPA |
| ReturnHeader/ReturnTs | 0 | 2022-04-27T19:52:04-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Greg |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Schermbeck |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $97,295
- Liabilities
- $0
- Net assets
- $97,295
- Revenue
- $114,099
- Expenses
- $65,069
- Net income
- $49,030