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Nonprofiteer
← QUIXOTE FOUNDATION

Form 990 for tax year 2023

Filed by QUIXOTE FOUNDATION.

Totals

Total revenue
$1,648,984
Total expenses
$648,300
Contributions and grants received
$1,648,863
Grants paid
$0
Program service revenue
$0
Investment income
$121
Other revenue
$0
Total assets, end of year
$6,993,278
Total liabilities, end of year
$4,050,000
Net assets or fund balances, end of year
$2,943,278
Program services expenses (Part IX)
$469,779
Management and general expenses
$3,236
Fundraising expenses
$175,285
Program service expenses (Part III)
$469,779

Program services were 72.5% 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

    $1,648,863

  • 3 · Investment income

    total $121 · excluded $121

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,048 · management and general $1,048

  • 11c · Fees: accounting

    total $975 · management and general $975

  • 11g · Fees: other

    total $13 · management and general $13

  • 12 · Advertising and promotion

    total $175,285 · fundraising $175,285

  • 13 · Office expenses

    total $1,038 · management and general $1,038

  • 16 · Occupancy

    total $294,296 · program services $294,296

  • 22 · Depreciation, depletion and amortization

    total $175,483 · program services $175,483

  • 24a · Other expenses: BANK / CREDIT CARD FEES

    total $162 · management and general $162

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,732 · end of year $11,534

  • 2 · Savings and temporary cash investments

    beginning of year $302,827 · end of year $636,165

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

    $6,823,311

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

    $497,693

  • 10c · Land, buildings and equipment, net

    beginning of year $6,498,729 · end of year $6,325,618

  • 14 · Intangible assets

    beginning of year $22,333 · end of year $19,961

  • 25 · Other liabilities

    beginning of year $4,897,027 · end of year $4,050,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,942,594 · end of year $2,943,278

Mission and programs · 2023

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 $469,779

  • TO SUPPORT THE LIBERTY STEAM CHARTER SCHOOL.

As filed on the 2023 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
    Hours/week
    10 + 10 related

  • Cammy Chandler

    SCHOOL DIREC

    Total calculated
    $0

  • Dexter 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.

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
2023
Filed
19 January 2025
IRS schema version
2023v6.0
Source object
202520239349300042

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

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