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Nonprofiteer
← LIMESTONE CHARTER ASSOCIATION

Form 990 for tax year 2024

Filed by LIMESTONE CHARTER ASSOCIATION.

Totals

Total revenue
$87,644,916
Total expenses
$87,580,268
Contributions and grants received
$85,968,768
Grants paid
$85,373,185
Program service revenue
$1,676,148
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,260,966
Total liabilities, end of year
$1,606,877
Net assets or fund balances, end of year
-$345,911
Program services expenses (Part IX)
$86,698,315
Management and general expenses
$871,453
Fundraising expenses
$10,500
Program service expenses (Part III)
$86,698,315

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $85,947,769

  • 1f · All other contributions, gifts and grants

    $20,999

  • 2a · Program service revenue: CHARTER ADMINISTRATION FEES

    total $1,676,148 · related or exempt $1,676,148

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $85,357,935 · program services $85,357,935

  • 2 · Grants to domestic individuals

    total $15,250 · program services $15,250

  • 5 · Compensation of officers, directors and key employees

    total $340,000 · program services $159,500 · management and general $170,000 · fundraising $10,500

  • 7 · Other salaries and wages

    total $1,046,397 · program services $715,469 · management and general $330,928

  • 8 · Pension plan contributions

    total $45,889 · program services $34,689 · management and general $11,200

  • 9 · Other employee benefits

    total $62,176 · program services $52,770 · management and general $9,406

  • 10 · Payroll taxes

    total $103,666 · program services $75,073 · management and general $28,593

  • 11b · Fees: legal

    total $167,060 · management and general $167,060

  • 11c · Fees: accounting

    total $22,700 · management and general $22,700

  • 11d · Fees: lobbying

    total $40,000 · management and general $40,000

  • 11g · Fees: other

    total $67,796 · program services $43,848 · management and general $23,948

  • 13 · Office expenses

    total $30,954 · program services $3,545 · management and general $27,409

  • 14 · Information technology

    total $167,063 · program services $155,048 · management and general $12,015

  • 16 · Occupancy

    total $24,863 · program services $24,863

  • 17 · Travel

    total $56,977 · program services $38,355 · management and general $18,622

  • 23 · Insurance

    total $2,253 · management and general $2,253

  • 24a · Other expenses: STAFF TRAINING

    total $21,802 · program services $21,802

  • 24b · Other expenses: DUES & MEMBERSHIPS

    total $7,319 · management and general $7,319

  • 24c · Other expenses: HOMELESS SUPPLIES

    total $168 · program services $168

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $336,488 · end of year $413,550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,950 · end of year $2,001

  • 15 · Other assets

    beginning of year $486,990 · end of year $845,415

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,093 · end of year $29,311

  • 25 · Other liabilities

    beginning of year $1,220,894 · end of year $1,577,566

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$410,559 · end of year -$345,911

Mission and programs · 2024

Mission

OUR MISSION IS TO SERVE AS THE CORNERSTONE OF CHARTER SCHOOL AUTHORIZING IN SC AND TO FACILITATE A POSITIVE EDUCATIONAL ENVIRONMENT THAT FOSTERS SCHOOL AUTONOMY THROUGH SUPPORT AND OVERSIGHT TO OUR MEMBER SCHOOLS.

Activities or mission (Part I)

LIMESTONE CHARTER ASSOCIATION SERVES AS A CHARTER SCHOOL AUTHORIZER IN SOUTH CAROLINA AND PROVIDES SUPPORT AND OVERSIGHT TO ITS MEMBER SCHOOLS.

  • IN FY 2025, LIMESTONE CHARTER ASSOCIATION ADDED 6 NEW SCHOOLS, FOR A TOTAL OF 13 SCHOOLS AND INCREASED ENROLLMENT FROM 2,875 STUDENTS TO 7,265 STUDENTS.

    Expenses $86,698,315 · Grants $85,373,185 · Revenue $1,676,148

As filed on the 2024 return.

Listed in Part VII

  • Nathan Copeland

    CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Lee Sowell

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Bridgett Fowler

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Wendy Wells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sedric Webber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Phyllis Pelzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kelly Richardson

    DEP SUP. OF FINANCE

    Total calculated
    $137,857
    From this org
    $132,555
    From related orgs
    $0
    Other
    $5,302
    Hours/week
    40
  • Angel Malone

    SUPERINTENDENT

    Total calculated
    $228,012
    From this org
    $219,242
    From related orgs
    $0
    Other
    $8,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,242
    Bonus
    $0
    Other
    $0
    Deferred
    $8,770
    Nontaxable benefits
    $0
    Filer's total
    $228,012
  • Tabitha Taneyhill

    DEP SUPERINTENDENT

    Total calculated
    $120,202
    From this org
    $114,902
    From related orgs
    $0
    Other
    $5,300
    Hours/week
    40
  • Donna Manning

    EXEC. DR AUTH/DEV.

    Total calculated
    $125,888
    From this org
    $122,494
    From related orgs
    $0
    Other
    $3,394
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202601289349301860

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