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Nonprofiteer
← QUIXOTE FOUNDATION

Form 990 for tax year 2024

Filed by QUIXOTE FOUNDATION.

Totals

Total revenue
$2,098,528
Total expenses
$819,404
Contributions and grants received
$1,672,609
Grants paid
$0
Program service revenue
$0
Investment income
$2,069
Other revenue
$423,850
Total assets, end of year
$6,322,402
Total liabilities, end of year
$2,100,000
Net assets or fund balances, end of year
$4,222,402
Program services expenses (Part IX)
$394,994
Management and general expenses
$7,476
Fundraising expenses
$416,934
Program service expenses (Part III)
$394,994

Program services were 48.2% 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.

  • 1f · All other contributions, gifts and grants

    $1,672,609

  • 1g · Noncash contributions included above

    $262,054

  • 3 · Investment income

    total $168 · related or exempt $12 · excluded $156

  • 7a · Gross sales of assets other than inventory

    securities $263,956

  • 7b · Less cost or other basis and sales expenses

    securities $262,055

  • 7c · Gain or loss

    securities $1,901

  • 7d · Net gain or loss

    total $1,901 · related or exempt $1,901

  • 8a · Fundraising events: gross income

    $423,850

  • 8c · Net income from fundraising events

    total $423,850

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,346 · management and general $1,346

  • 11c · Fees: accounting

    total $4,200 · management and general $4,200

  • 11g · Fees: other

    total $60,000 · fundraising $60,000

  • 12 · Advertising and promotion

    total $220,485 · fundraising $220,485

  • 13 · Office expenses

    total $1,051 · management and general $1,051

  • 16 · Occupancy

    total $219,512 · program services $219,512

  • 19 · Conferences, conventions and meetings

    total $655 · fundraising $655

  • 22 · Depreciation, depletion and amortization

    total $175,482 · program services $175,482

  • 24a · Other expenses: COGS

    total $72,498 · fundraising $72,498

  • 24b · Other expenses: GREENS FEES

    total $42,475 · fundraising $42,475

  • 24c · Other expenses: MEALS

    total $11,669 · fundraising $11,669

  • 24d · Other expenses: LODGING

    total $9,152 · fundraising $9,152

  • 24e · All other expenses

    total $879 · management and general $879

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,534 · end of year $3,419

  • 2 · Savings and temporary cash investments

    beginning of year $636,165 · end of year $148,886

  • 10a · Land, buildings and equipment: cost or other basis

    $6,823,311

  • 10b · Land, buildings and equipment: accumulated depreciation

    $670,803

  • 10c · Land, buildings and equipment, net

    beginning of year $6,325,618 · end of year $6,152,508

  • 14 · Intangible assets

    beginning of year $19,961 · end of year $17,589

  • 25 · Other liabilities

    beginning of year $4,050,000 · end of year $2,100,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,943,278 · end of year $4,222,402

Mission and programs · 2024

Mission

QUIXOTE FOUNDATION IS SET UP AS A TYPE II SUPPORTING ORGANIZATION EXCLUSIVELY FOR THE BENEFIT OF LIBERTY STEAM CHARTER SCHOOL AND TO CARRY OUT LIBERTY STEAM CHARTER SCHOOL'S PROGRAM INITIATIVES THAT SUPPORT THE BROADER COMMUNITY OF SUMTER, SOUTH CAROLINA.

  • TO SUPPORT THE LIBERTY STEAM CHARTER SCHOOL BY PROVIDING FACILITIES AND SERVICES DIRECTLY FOR THE BENEFIT OF THE SCHOOL.

    Expenses $394,994

  • TO SUPPORT THE LIBERTY STEAM CHARTER SCHOOL.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gifford Shaw

    AT-LARGE DIR

    Total calculated
    $40,125
    From this org
    $0
    From related orgs
    $40,125
    Other
    $0

  • Cammy Chandler

    SCHOOL DIREC

    Total calculated
    $0

  • Lashea Davis

    SCHOOL DIREC

    Total calculated
    $0

  • Jenny Knopf

    SCHOOL DIREC

    Total calculated
    $0

  • Danielle Thompson

    AT-LARGE DIR

    Total calculated
    $0

  • Greg Thompson

    SCHOOL DIREC

    Total calculated
    $0

  • Lewis Thompson

    AT-LARGE DIR

    Total calculated
    $0

  • Curtis Hutto

    TREASURER

    Total calculated
    $0

  • Meagan Kuhlman

    SECRETARY

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202533189349302678

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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