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Nonprofiteer
← SPARTANBURG ACADEMIC MOVEMENT

Form 990 for tax year 2023

Filed by SPARTANBURG ACADEMIC MOVEMENT.

Totals

Total revenue
$9,499,656
Total expenses
$2,456,051
Contributions and grants received
$9,338,640
Grants paid
$303,108
Program service revenue
$39,300
Investment income
$121,716
Other revenue
$0
Total assets, end of year
$10,641,535
Total liabilities, end of year
$230,405
Net assets or fund balances, end of year
$10,411,130
Program services expenses (Part IX)
$2,313,336
Management and general expenses
$83,781
Fundraising expenses
$58,934
Program service expenses (Part III)
$2,313,336

Program services were 94.2% 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.

  • 1e · Government grants (contributions)

    $49,018

  • 1f · All other contributions, gifts and grants

    $9,289,622

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $39,300 · related or exempt $39,300

  • 3 · Investment income

    total $122,187 · excluded $122,187

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

    other assets $471

  • 7c · Gain or loss

    other assets -$471

  • 7d · Net gain or loss

    total -$471 · related or exempt -$471

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $272,900 · program services $272,900

  • 2 · Grants to domestic individuals

    total $30,208 · program services $30,208

  • 5 · Compensation of officers, directors and key employees

    total $160,000 · program services $128,000 · management and general $16,000 · fundraising $16,000

  • 7 · Other salaries and wages

    total $567,248 · program services $524,414 · management and general $21,417 · fundraising $21,417

  • 8 · Pension plan contributions

    total $60,294 · program services $54,090 · management and general $3,102 · fundraising $3,102

  • 10 · Payroll taxes

    total $55,218 · program services $49,535 · management and general $2,842 · fundraising $2,841

  • 11b · Fees: legal

    total $2,535 · management and general $2,535

  • 11c · Fees: accounting

    total $10,448 · management and general $10,448

  • 11f · Fees: investment management

    total $9,870 · management and general $9,870

  • 11g · Fees: other

    total $852,282 · program services $852,282

  • 12 · Advertising and promotion

    total $11,236 · program services $11,236

  • 13 · Office expenses

    total $11,208 · program services $7,045 · fundraising $4,163

  • 16 · Occupancy

    total $49,972 · program services $44,975 · management and general $4,997

  • 17 · Travel

    total $49,904 · program services $45,935 · fundraising $3,969

  • 19 · Conferences, conventions and meetings

    total $92,459 · program services $92,459

  • 22 · Depreciation, depletion and amortization

    total $14,069 · program services $14,069

  • 23 · Insurance

    total $5,471 · management and general $5,471

  • 24a · Other expenses: COMPUTER EXPENSES

    total $65,735 · program services $65,735

  • 24b · Other expenses: MEALS

    total $31,385 · program services $26,290 · fundraising $5,095

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $27,577 · program services $27,577

  • 24d · Other expenses: MATERIALS & SUPPLIES

    total $24,429 · program services $22,134 · fundraising $2,295

  • 24e · All other expenses

    total $51,603 · program services $44,452 · management and general $7,099 · fundraising $52

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,883 · end of year $1,622,176

  • 2 · Savings and temporary cash investments

    beginning of year $95,912 · end of year $250,000

  • 3 · Pledges and grants receivable

    beginning of year $26,000 · end of year $7,896,495

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

    $80,696

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

    $32,156

  • 10c · Land, buildings and equipment, net

    beginning of year $28,094 · end of year $48,540

  • 15 · Other assets

    beginning of year $3,428,240 · end of year $824,324

  • 17 · Accounts payable and accrued expenses

    beginning of year $116,082 · end of year $92,016

  • 19 · Deferred revenue

    beginning of year $30,000 · end of year $78,875

  • 25 · Other liabilities

    beginning of year $93,522 · end of year $59,514

  • 27 · Net assets without donor restrictions

    beginning of year $1,412,032 · end of year $1,936,913

  • 28 · Net assets with donor restrictions

    beginning of year $1,955,493 · end of year $8,474,217

Mission and programs · 2023

Mission

SPARTANBURG ACADEMIC MOVEMENT IS AN "ALL-IN" PARTNERSHIP OF SCHOOLS AND COLLEGES, BUSINESSES, GOVERNMENTS, FOUNDATIONS, FAITH COMMUNITIES AND INDIVIDUALS ACROSS SPARTANBURG COUNTY IN PURSUIT OF HIGH LEVELS OF EDUCATIONAL ACHIEVEMENT. THE COLLECTIVE MISSION IS WE ENSURE SPARTANBURG COUNTY'S CHILDREN AND YOUTH REACH ACADEMIC AND LIFE SUCCESS BY CONVENING PARTNERS, ALIGNING RESOURCES AND DRIVING EQUITY.

  • THE HISTORY AND A DETAILED DESCRIPTION OF SAM'S PROGRAM ACCOMPLISHMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE: WWW.LEARNWITHSAM.ORG. THE SPARTANBURG ACADEMIC MOVEMENT (SAM) IS BOTH A NON-PROFIT ORGANIZATION AND A COLLABORATIVE IMPACT MOVEMENT TO IMPROVE THE ECONOMIC MOBILITY OF SPARTANBURG COUNTY RESIDENTS, ANCHORED IN ACADEMIC ACHEIVEMENT, CRADLE THROUGH CAREER. SAM WAS FORMED IN 2013, COMBINING THE WORK OF THE CHILDREN'S SERVICES ALLIANCE AND THE COLLEGE HUB TO CREATE THE CRADLE THROUGH CAREER PERSPECTIVE FOR COMMUNITY BUILDING AND ACTION. SAM WORKS TO ENSURE THAT CHILDREN AND YOUTH REACH ACADEMIC AND LIFE SUCCESS BY CONVENING PROGRAM AND SERVICE DELIVERY PARTNERS, ALIGNING RESOURCES, AND DRIVING EQUITY ACROSS ACHIEVEMENT INDICATORS. SAM SPECIFICALLY MONITORS ACADEMIC ACHIEVEMENT INDICATORS: KINDERGARTEN READINESS, THIRD GRADE READING, EIGHTH GRADE MATH, COLLEGE/CAREER-READY HIGH SCHOOL GRADUATION, POSTSECONDARY ENROLLMENT, AND POSTSECONDARY PERSISTENCE AND COMPLETION. SAM PUBLISHED COUNTYWIDE ACHIEVEMENT DATA, DISAGGREGATED BY RACE/ETHNICITY, GENDER AND SOCIO-ECONOMIC STATUS INDICATORS TO DRIVE EQUITY. TO DATE, SAM HAS BUILT COLLABORATIVE ACTION/COLLECTIVE IMPACT PARTNERSHIPS WITH WELL OVER 150 PROGRAM AND SERVICE PROVIDERS ACROSS THE MANY SECTORS IMPACTING CHILDREN, YOUTH, AND FAMILIES: ACADEMIC/SCHOOLS, HEALTHCARE, SOCIAL SERVICES AND SUPPORTS, GOVERNMENT AND HOUSING AGENCIES. WE ENGAGE THESE PARTNERS WITH ONE ANOTHER AND OUR DATA TO IMPLEMENT ACTION PLANS THAT RESPOND DIRECTLY TO THE NEEDS OF THE CHILDREN/FAMILIES/COMMUNITIES WE SERVE. WE USE THE STRIVETOGETHER (WWW.STRIVETOGETHER.ORG) IMPACT MODEL AND THEORY OF ACTION TO GUIDE THE PROCESS. SAM OFFERS TRAINING IN CONTINUOUS IMPROVEMENT PRACTICES THROUGH ITS WARDLAW INSTITUTE FOR CONTINUOUS IMPROVEMENT, PROVIDING PARTNERS A DATA-DRIVEN APPROACH FOR TRACKING IMPACT AND GUIDING FUTURE ACTION PLANNING. SAM ALSO OFFERS TRAINING THROUGH THE CENTER FOR RESILIENT SCHOOLS AND COMMUNITIES BY WORKING WITH SPARTANBURG COUNTY FAMILIES, SCHOOLS, AND COMMUNITIES TO BUILD SUPPORTS AND SYSTEMS THAT INCREASE CHILDREN'S SUCCESS, PARTICULARLY IN NEIGHBORHOODS WHERE EDUCATIONAL DISPARITIES EXIST.

    Expenses $2,313,336 · Grants $303,108

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Russell Booker

    CHIEF EXEC O

    Total calculated
    $165,200
    From this org
    $160,000
    From related orgs
    $0
    Other
    $5,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,200
    Nontaxable benefits
    not reported
    Filer's total
    $165,200
  • Dr Darryl Owings

    VICE-CHAIR

    Total calculated
    $0
  • Dr Ingo Angermeier

    TREASURER

    Total calculated
    $0
  • Mr William Barnet III

    INTERIM BOAR

    Total calculated
    $0
  • Kathy Dunleavy

    DIRECTOR

    Total calculated
    $0
  • Troy Hanna

    DIRECTOR

    Total calculated
    $0
  • Todd Stephens

    DIRECTOR

    Total calculated
    $0
  • Paige Stephenson

    DIRECTOR

    Total calculated
    $0
  • Molly Talbot-Metz

    DIRECTOR

    Total calculated
    $0
  • Shaunte' Evans

    DIRECTOR

    Total calculated
    $0
  • Phil Feisal

    DIRECTOR

    Total calculated
    $0
  • B Cole Alverson

    DIRECTOR

    Total calculated
    $0
  • Dr Randall Gary

    DIRECTOR

    Total calculated
    $0
  • Araceli Hernandez-Laroche

    DIRECTOR

    Total calculated
    $0
  • Avi Lawrence

    DIRECTOR

    Total calculated
    $0
  • Dr Kira Reaves

    SECRETARY

    Total calculated
    $0
  • Dr Michael Mikota

    DIRECTOR

    Total calculated
    $0
  • Allen Smith

    DIRECTOR

    Total calculated
    $0
  • Dr John Stockwell

    DIRECTOR

    Total calculated
    $0
  • Dr Bennie Harris

    DIRECTOR

    Total calculated
    $0
  • Susu Johnson

    EMERITUS

    Total calculated
    $0
  • Catherine Bass Black

    DIRECTOR

    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. 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

None.

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

  • ONE SPARTANBURG INC

    $66,000

    STAR FELLOWSHIP PROG

  • SPARTANBURG SCHOOL DISTRICT 7

    $60,000

    CARVER COLLABORATIVE

  • CITY OF SPARTANBURG

    $50,000

    HIGHLAND TRANSFORMAT

  • NORTHSIDE DEVELOPMENT

    $30,000

    COMMUNITY PLAN

  • FIRST PRESBYTERIAN CHURCH SPTBG

    $25,000

    FAITH INITIATIVE

  • BROTHERS RESTORING URBAN HOPE

    $9,600

    AFTERSCHOOL, SUMMER

  • USC UPSTATE

    $6,700

    COLLEGE OF NURSING

  • THE SOUND OF LEARNING LLC

    $6,000

    SUMMER SHAKEDOWN

  • ITUTOR ACADEMIC CENTER

    $5,600

    SUMMER SHAKEDOWN

Provenance

Return type
form_990
Tax year
2023
Filed
28 August 2024
IRS schema version
2023v5.0
Source object
202403169349301420

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