Form 990 for tax year 2022
Filed by SOUTH CAROLINA POLICY COUNCIL EDUCATION FOUNDATION.
Totals
- Total revenue
- $561,223
- Total expenses
- $546,398
- Contributions and grants received
- $550,813
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $10,410
- Total assets, end of year
- $543,090
- Total liabilities, end of year
- $102,535
- Net assets or fund balances, end of year
- $440,555
- Program services expenses (Part IX)
- $355,963
- Management and general expenses
- $91,640
- Fundraising expenses
- $98,795
- Program service expenses (Part III)
- $355,963
Program services were 65.1% 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.
-
1b · Membership dues
$7,500
-
1f · All other contributions, gifts and grants
$543,313
-
1g · Noncash contributions included above
$6,600
-
11a · Other revenue: INSURANCE REIMBURSEMENTS
total $10,410 · related or exempt $10,410
-
11e · Other revenue, total
$10,410
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $83,690 · program services $41,845 · management and general $16,738 · fundraising $25,107
-
6 · Compensation of disqualified persons
total $45,833 · program services $28,875 · management and general $8,708 · fundraising $8,250
-
7 · Other salaries and wages
total $220,328 · program services $184,095 · management and general $3,197 · fundraising $33,036
-
9 · Other employee benefits
total $18,986 · program services $16,924 · management and general $825 · fundraising $1,237
-
10 · Payroll taxes
total $24,359 · program services $19,770 · management and general $1,385 · fundraising $3,204
-
11b · Fees: legal
total $7,500 · management and general $7,500
-
11c · Fees: accounting
total $25,427 · management and general $25,427
-
12 · Advertising and promotion
total $3,328 · program services $3,153 · fundraising $175
-
13 · Office expenses
total $5,155 · program services $4,308 · management and general $399 · fundraising $448
-
14 · Information technology
total $23,882 · program services $23,159 · management and general $701 · fundraising $22
-
16 · Occupancy
total $22,087 · program services $16,787 · management and general $2,557 · fundraising $2,743
-
17 · Travel
total $5,272 · program services $487 · management and general $2,647 · fundraising $2,138
-
19 · Conferences, conventions and meetings
total $98 · management and general $98
-
22 · Depreciation, depletion and amortization
total $880 · program services $642 · management and general $113 · fundraising $125
-
23 · Insurance
total $5,775 · program services $5,370 · management and general $405
-
24a · Other expenses: COACHING/CONSULTING
total $42,000 · management and general $20,000 · fundraising $22,000
-
24b · Other expenses: RESEARCH
total $7,232 · program services $7,232
-
24c · Other expenses: DUES AND MEMBERSHIPS
total $2,372 · program services $2,372
-
24d · Other expenses: MEALS
total $1,085 · management and general $819 · fundraising $266
-
24e · All other expenses
total $1,109 · program services $944 · management and general $121 · fundraising $44
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $109,571 · end of year $218,605
-
2 · Savings and temporary cash investments
beginning of year $50
-
10a · Land, buildings and equipment: cost or other basis
$558,217
-
10b · Land, buildings and equipment: accumulated depreciation
$233,782
-
10c · Land, buildings and equipment, net
beginning of year $325,315 · end of year $324,435
-
15 · Other assets
end of year $50
-
17 · Accounts payable and accrued expenses
beginning of year $9,206 · end of year $4,235
-
19 · Deferred revenue
end of year $98,300
-
27 · Net assets without donor restrictions
beginning of year $425,730 · end of year $342,255
-
28 · Net assets with donor restrictions
end of year $98,300
Mission and programs · 2022
Mission
THE SOUTH CAROLINA POLICY COUNCIL WAS FOUNDED IN 1986 AS AN INDEPENDENT, PRIVATE, NON-PARTISAN RESEARCH ORGANIZATION TO PROMOTE THE PRINCIPLES OF LIMITED GOVERNMENT, FREE ENTERPRISE, AND INDIVIDUAL LIBERTY AND RESPONSIBILITY IN THE STATE OF SOUTH CAROLINA.
-
SC POLICY COUNCIL RESEARCHED ISSUES SUCH AS ETHICS LAWS FOR SOUTH CAROLINA ELECTED OFFICIALS AND WORKED WITH OTHER NON-PARTISAN CITIZEN GROUPS TO RAISE PUBLIC AWARENESS OF FLAWS IN SOUTH CAROLINA GOVERNMENT.
Expenses $355,963
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John MahoneyJOHN MAHONEY
CHAIRMAN
- Total calculated
- $0
-
Alex KiriakidesALEX KIRIAKIDES
BOARD MEMBER
- Total calculated
- $0
-
Thomas WillcoxTHOMAS WILLCOX
BOARD MEMBER
- Total calculated
- $0
-
Dallas WoodhouseDALLAS WOODHOUSE
EXECUTIVE DI
- Total calculated
- $83,689
- From this org
- $83,689
- From related orgs
- $0
- Other
- $0
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301399349301220
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