Form 990 for tax year 2024
Filed by PALMETTO CHRISTIAN ACADEMY OF GREENWOOD INC.
Totals
- Total revenue
- $847,408
- Total expenses
- $846,887
- Contributions and grants received
- $294,247
- Grants paid
- $0
- Program service revenue
- $605,685
- Investment income
- -$52,524
- Other revenue
- $0
- Total assets, end of year
- $151,268
- Total liabilities, end of year
- $92,566
- Net assets or fund balances, end of year
- $58,702
- Program services expenses (Part IX)
- $750,579
- Management and general expenses
- $89,452
- Fundraising expenses
- $6,856
- Program service expenses (Part III)
- $750,579
Program services were 88.6% 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)
$70,000
-
1f · All other contributions, gifts and grants
$224,247
-
2a · Program service revenue: TUITION AND FEES
total $605,685 · related or exempt $605,685
-
7a · Gross sales of assets other than inventory
other assets $17,500
-
7b · Less cost or other basis and sales expenses
other assets $70,024
-
7c · Gain or loss
other assets -$52,524
-
7d · Net gain or loss
total -$52,524 · related or exempt -$52,524
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $54,375 · program services $19,211 · management and general $35,164
-
7 · Other salaries and wages
total $536,001 · program services $536,001
-
10 · Payroll taxes
total $45,964 · program services $43,226 · management and general $2,738
-
11c · Fees: accounting
total $11,150 · management and general $11,150
-
12 · Advertising and promotion
total $9,924 · management and general $3,068 · fundraising $6,856
-
13 · Office expenses
total $10,461 · program services $2,360 · management and general $8,101
-
14 · Information technology
total $7,715 · program services $1,741 · management and general $5,974
-
16 · Occupancy
total $79,941 · program services $79,941
-
17 · Travel
total $1,249 · management and general $1,249
-
20 · Interest
total $7,190 · management and general $7,190
-
22 · Depreciation, depletion and amortization
total $7,210 · program services $7,210
-
23 · Insurance
total $11,203 · program services $11,145 · management and general $58
-
24a · Other expenses: LUNCH PROGRAM
total $26,499 · program services $26,499
-
24b · Other expenses: FEES
total $13,591 · program services $909 · management and general $12,682
-
24c · Other expenses: ATHLETICS
total $6,080 · program services $6,080
-
24d · Other expenses: CURRICULUM
total $4,929 · program services $4,929
-
24e · All other expenses
total $13,405 · program services $11,327 · management and general $2,078
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,650 · end of year $5,535
-
4 · Accounts receivable
beginning of year $149,584 · end of year $145,733
-
10c · Land, buildings and equipment, net
beginning of year $77,236
-
17 · Accounts payable and accrued expenses
beginning of year $4,232
-
19 · Deferred revenue
beginning of year $61,154 · end of year $4,091
-
24 · Unsecured notes and loans payable
beginning of year $97,500 · end of year $84,426
-
25 · Other liabilities
beginning of year $6,923 · end of year $4,049
-
31 · Retained earnings, endowment or other funds
beginning of year $58,661 · end of year $58,702
Mission and programs · 2024
Mission
PALMETTO CHRISTIAN ACADEMY OF GREENWOOD PROVIDES AN ENVIRONMENT OF ACADEMIC EXCELLENCE AND CHRISTIAN NURTURE TO PREPARE STUDENTS FOR GODLY LIVING.
-
PALMETTO CHRISTIAN ACADEMY OF GREENWOOD WILL JOIN WITH PARENTS TO PREPARE ITS STUDENTS SPIRITUALLY, ACADEMICALLY, SOCIALLY, AND PHYSICALLY SO THEY MAY MAKE A POSITIVE IMPACT FOR CHRIST WHEREVER GOD CALLS THEM. THE SCHOOL'S CORE VALUES ARE: PASSION FOR LEARNING; CHRISTIAN THINKERS; ACCOUNTABILITY FOR STUDENTS, PARENTS, TEACHERS, BOARD; GROWTH IN CHRIST. PALMETTO CHRISTIAN ACADEMY OF GREENWOOD ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN TO ALL RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES MADE AVAILABLE TO THE STUDENTS AT THE SCHOOL. THE SCHOOL PROVIDES A PRESCHOOL THROUGH 12TH GRADE CURRICULUM.
Expenses $750,579 · Revenue $605,685
As filed on the 2024 return.
Listed in Part VII
-
Dawn SmithDAWN SMITH
HEAD OF SCHO
- Total calculated
- $54,375
- From this org
- $54,375
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tim AustinTIM AUSTIN
CHAIR
- Total calculated
- $0
-
Jennifer CathcartJENNIFER CATHCART
SECRETARY
- Total calculated
- $0
-
Bill CrowellBILL CROWELL
BOARD MEMBER
- Total calculated
- $0
-
Dan DickersonDAN DICKERSON
FACULTY REP
- Total calculated
- $0
-
Eric HawthorneERIC HAWTHORNE
BOARD MEMBER
- Total calculated
- $0
-
Joe LaxJOE LAX
BOARD MEMBER
- Total calculated
- $0
-
Mike PetrellaMIKE PETRELLA
VICE CHAIR
- 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
- 14 May 2026
- IRS schema version
- 2024v5.0
- Source object
- 202601359349301675
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