Civic Intelligence

Schermco Foundation Inc.

990EZ • Fiscal year 2022 • EIN 85-3967606

Jan 01, 2022 to Dec 31, 2022 • Filed on May 01, 2023

Organization Profilescherm.co
809 Westmere Street STE C146Charlotte, NC 28208

(419) 367-0119

Siviq Scores

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

Liabilities / Assets

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Net Margin

91st percentile

72%

Higher net margin than 91% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Asset Growth

90th percentile

89%

Faster asset growth than 90% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

41st percentile

5.5%

Faster revenue growth than 41% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$184,329

Up $87,034 (+89%) from 2021

Net Assets

$184,329

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin91st percentile

Revenue

Up

$120,375

Up $6,276 (+5.5%) from 2021

Expenses

Down

$33,341

Down $31,728 (-49%) from 2021

Net Income

Up

$87,034

Up $38,004 (+78%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

2022

Assets$184,329
Liabilities$0
Net Assets$184,329
Open 2022 Filing

Operations Trend

Revenue Growth41st percentile

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

2022

Revenue$120,375
Expenses$33,341
Net Income$87,034
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 1, 2023
Return Version
2022v5.0
Gross Receipts
$120,375
Mission and Program Overview

Mission

Increase educational equity by investing

Program Services

DescriptionGrantsExpenses
Increase educational equity by investing in supporting organizations-$32,711
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

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

Filer

Filer Name
SchermCo Foundation
EIN
85-3967606
Address
809 Westmere Street STE C146, Charlotte, NC 28208

Signing Officer

Name
Greg Schermbeck
Title
President
Phone
4193670119
Signed
2023-05-01
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

Description of other expenses Part I line 16

“Description AmountSoftware & Technology 630”

Description of other assets Part II line 24

“Category Beginning of Year End of YearAccounts Receivable 0 50,000”

Raw XML Appendix125 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/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0Greg Schermbeck
IRS990EZ/BooksInCareOfDetail/PhoneNum04193670119
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0809 Westmere Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Charlotte
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028208
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt097295
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0134329
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0120370
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt087034
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt032711
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt097295
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0184329
IRS990EZ/GrossReceiptsAmt0120375
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt05
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt097295
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0184329
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt097295
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0184329
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/EOYAmt050000
IRS990EZ/OtherExpensesTotalAmt0630
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Increase educational equity by investing
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Increase educational equity by investing in supporting organizations
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt032711
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt033341
IRS990EZ/TotalProgramServiceExpensesAmt032711
IRS990EZ/TotalRevenueAmt0120375
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0120370
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0114097
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt050750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0285217
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0285217
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0120370
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0114097
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt050750
IRS990ScheduleA/Total509Grp/TotalAmt0285217
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0120370
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0114097
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt050750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0285217
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountSoftware & Technology 630
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearAccounts Receivable 0 50,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Greg Schermbeck
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04193670119
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SchermCo Foundation
ReturnHeader/Filer/BusinessNameControlTxt0SCHE
ReturnHeader/Filer/EIN0853967606
ReturnHeader/Filer/USAddress/AddressLine1Txt0809 Westmere Street STE C146
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/PhoneNum02024705285
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cory W Johnson CPA
ReturnHeader/ReturnTs02023-05-10T10:46:16-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Greg
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Schermbeck
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$184,329
Liabilities
$0
Net assets
$184,329
Revenue
$120,375
Expenses
$33,341
Net income
$87,034
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