Form 990 for tax year 2023
Filed by SOUTH CAROLINA CONNECTIONS ACADEMY INC.
Totals
- Total revenue
- $60,421,351
- Total expenses
- $54,713,440
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $60,066,880
- Investment income
- $348,587
- Other revenue
- $5,884
- Total assets, end of year
- $36,924,358
- Total liabilities, end of year
- $16,621,593
- Net assets or fund balances, end of year
- $20,302,765
- Program services expenses (Part IX)
- $51,064,879
- Management and general expenses
- $3,648,561
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $51,064,879
Program services were 93.3% 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.
-
2a · Program service revenue: EDUCATIONAL GRANTS
total $60,066,880 · related or exempt $60,066,880
-
3 · Investment income
total $348,587 · excluded $348,587
-
11a · Other revenue: OTHER REVENUE
total $5,884 · related or exempt $5,884
-
11e · Other revenue, total
$5,884
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $15,679,704 · program services $13,136,925 · management and general $2,542,779
-
9 · Other employee benefits
total $4,179,853 · program services $3,582,158 · management and general $597,695
-
10 · Payroll taxes
total $1,150,935 · program services $962,782 · management and general $188,153
-
11b · Fees: legal
total $133 · management and general $133
-
11c · Fees: accounting
total $31,001 · management and general $31,001
-
13 · Office expenses
total $492,921 · program services $448,783 · management and general $44,138
-
14 · Information technology
total $704,220 · program services $704,220
-
16 · Occupancy
total $73,485 · program services $20,505 · management and general $52,980
-
17 · Travel
total $188,253 · program services $162,911 · management and general $25,342
-
22 · Depreciation, depletion and amortization
total $197,919 · program services $145,321 · management and general $52,598
-
23 · Insurance
total $3,376 · management and general $3,376
-
24a · Other expenses: SUPPORT SERVICES
total $27,373,002 · program services $27,373,002
-
24b · Other expenses: OTHER EXPENSES
total $2,328,016 · program services $2,217,650 · management and general $110,366
-
24c · Other expenses: STUDENT TESTING
total $2,310,622 · program services $2,310,622
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,814,467 · end of year $34,265,737
-
3 · Pledges and grants receivable
beginning of year $989,622 · end of year $1,911,764
-
9 · Prepaid expenses and deferred charges
beginning of year $267,473 · end of year $314,428
-
10a · Land, buildings and equipment: cost or other basis
$729,550
-
10b · Land, buildings and equipment: accumulated depreciation
$603,891
-
10c · Land, buildings and equipment, net
beginning of year $178,256 · end of year $125,659
-
15 · Other assets
beginning of year $452,092 · end of year $306,770
-
17 · Accounts payable and accrued expenses
beginning of year $1,417,798 · end of year $2,108,953
-
19 · Deferred revenue
beginning of year $398,825 · end of year $24,304
-
25 · Other liabilities
beginning of year $9,290,433 · end of year $14,488,336
-
27 · Net assets without donor restrictions
beginning of year $14,594,854 · end of year $20,302,765
Mission and programs · 2023
Mission
SOUTH CAROLINA CONNECTIONS ACADEMY, INC IS A PUBLIC VIRTUAL CHARTER SCHOOL THAT SERVES STUDENTS K-12. ALL STUDENTS WHO RESIDE IN SOUTH CAROLINA ARE ELIGIBLE TO ATTEND IF THEY MEET THE APPLICABLE ENROLLMENT REQUIREMENTS.
-
SOUTH CAROLINA CONNECTIONS ACADEMY, INC IS A PUBLIC VIRTUAL CHARTER SCHOOL LOCATED IN COLUMBIA, SOUTH CAROLINA THAT SERVES STUDENTS IN GRADES K-12. THE SCHOOL IS FREE OF CHARGE AND ALLOWS STUDENTS TO ATTEND FROM HOME. THE PURPOSE OF THE SOUTH CAROLINA CONNECTIONS ACADEMY IS TO HELP EACH STUDENT MAXIMIZE HIS OR HER POTENTIAL AND MEET THE HIGHEST PERFORMANCE STANDARDS IN EDUCATION. THIS IS DONE BY UTILIZING TECHNOLOGY AND STUDENT, FAMILY, AND TEACHER INTERACTION. EACH STUDENT RECEIVES AN INDIVIDUALIZED LEARNING PLAN THAT FITS THEIR NEEDS AND ON-ON-ONE SUPPORT FROM THEIR TEACHERS.
Expenses $51,064,879 · Revenue $60,066,880
As filed on the 2023 return.
Listed in Part VII
-
Rebecca Battle-BryantREBECCA BATTLE-BRYANT
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Selena BlackstoneSELENA BLACKSTONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Sherry CatesSHERRY CATES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Adam HallADAM HALL
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Gary PrinceGARY PRINCE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Leslie WrightLESLIE WRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
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
- 2023
- Filed
- 9 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541349349303369
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