Totals
- Total revenue
- $36,791,939
- Total expenses
- $36,871,408
- Contributions and grants received
- $36,089,153
- Grants paid
- $35,414,478
- Program service revenue
- $702,786
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $825,428
- Total liabilities, end of year
- $1,235,987
- Net assets or fund balances, end of year
- -$410,559
- Program services expenses (Part IX)
- $36,302,179
- Management and general expenses
- $558,064
- Fundraising expenses
- $11,165
- Program service expenses (Part III)
- $36,302,179
Program services were 98.5% 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.
-
1e · Government grants (contributions)
$36,070,996
-
1f · All other contributions, gifts and grants
$18,157
-
2a · Program service revenue: CHARTER ADMINISTRATION FEES
total $672,286 · related or exempt $672,286
-
2b · Program service revenue: SUMMER LEADERSHIP CONFERENCE
total $30,500 · related or exempt $30,500
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $35,372,353 · program services $35,372,353
-
2 · Grants to domestic individuals
total $42,125 · program services $42,125
-
5 · Compensation of officers, directors and key employees
total $327,600 · program services $153,400 · management and general $163,800 · fundraising $10,400
-
7 · Other salaries and wages
total $541,750 · program services $404,250 · management and general $137,500
-
8 · Pension plan contributions
total $13,770 · program services $12,720 · management and general $1,050
-
9 · Other employee benefits
total $31,003 · program services $22,554 · management and general $8,449
-
10 · Payroll taxes
total $64,400 · program services $30,139 · management and general $33,496 · fundraising $765
-
11b · Fees: legal
total $75,277 · management and general $75,277
-
11c · Fees: accounting
total $22,500 · management and general $22,500
-
11d · Fees: lobbying
total $40,000 · management and general $40,000
-
11g · Fees: other
total $135,575 · program services $111,149 · management and general $24,426
-
13 · Office expenses
total $11,616 · program services $2,271 · management and general $9,345
-
14 · Information technology
total $78,044 · program services $60,444 · management and general $17,600
-
16 · Occupancy
total $28,754 · program services $28,754
-
17 · Travel
total $69,752 · program services $51,961 · management and general $17,791
-
23 · Insurance
total $2,459 · management and general $2,459
-
24a · Other expenses: STAFF DEVELOPMENT
total $10,059 · program services $10,059
-
24b · Other expenses: DUES & MEMBERSHIPS
total $4,371 · management and general $4,371
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $405,066 · end of year $336,488
-
9 · Prepaid expenses and deferred charges
beginning of year $1,950 · end of year $1,950
-
15 · Other assets
beginning of year $560,147 · end of year $486,990
-
17 · Accounts payable and accrued expenses
beginning of year $32,446 · end of year $15,093
-
19 · Deferred revenue
beginning of year $263
-
25 · Other liabilities
beginning of year $1,265,544 · end of year $1,220,894
-
31 · Retained earnings, endowment or other funds
beginning of year -$331,090 · end of year -$410,559
Mission and programs · 2023
Mission
OUR MISSION IS TO SERVE AS THE CORNERSTONE OF CHARTER SCHOOL AUTHORIZING IN SC AND TO FACILITATE A POSITIVE, EDUCATIONAL ENVIRONMENT THAT FOSTERS SCHOOL AUTONOMY THROUGH SUPPORT AND OVERSIGHT TO OUR MEMBER SCHOOLS.
Activities or mission (Part I)
LIMESTONE CHARTER ASSOCIATION SERVES AS A CHARTER SCHOOL AUTHORIZER IN SOUTH CAROLINA AND PROVIDES SUPPORT AND OVERSIGHT TO ITS MEMBER SCHOOLS.
-
IN FY24, LIMESTONE CHARTER ASSOCIATION ADDED 3 ADDITIONAL SCHOOLS FOR A TOTAL OF 7 SCHOOLS IN FY24 AND AN INCREASE IN ENROLLMENT OF 59% FROM 1,806 STUDENTS IN FY23 TO 2,875 STUDENTS IN FY24. THE ASSOCIATION ALSO HAD 4 POTENTIAL NEW SCHOOLS OPERATING IN THEIR FIRST YEAR OF IMPLEMENTATION TO BECOME A SCHOOL FOR THE 2024/2025 FISCAL YEAR.
Expenses $36,302,179 · Grants $35,414,478 · Revenue $702,786
As filed on the 2023 return.
Listed in Part VII
-
Angel MaloneANGEL MALONE
SUPERINTENDE
- Total calculated
- $199,749
- From this org
- $191,733
- From related orgs
- $0
- Other
- $8,016
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,733
- Bonus
- not reported
- Other
- not reported
- Deferred
- $8,016
- Nontaxable benefits
- not reported
- Filer's total
- $199,749
-
Monica BalogaMONICA BALOGA
CHAIR THRU A
- Total calculated
- $192,328
- From this org
- $0
- From related orgs
- $178,884
- Other
- $13,444
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $178,884 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $7,155 related
- Nontaxable benefits
- not reported + $6,289 related
- Filer's total
- not reported + $192,328 related
-
Jeremy WhitakerJEREMY WHITAKER
CHAIR THRU A
- Total calculated
- $170,276
- From this org
- $0
- From related orgs
- $144,615
- Other
- $25,661
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $144,615 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $5,814 related
- Nontaxable benefits
- not reported + $19,847 related
- Filer's total
- not reported + $170,276 related
-
Kelly RichardsonKELLY RICHARDSON
DEP. SUP. OF
- Total calculated
- $117,854
- From this org
- $115,545
- From related orgs
- $0
- Other
- $2,309
- Hours/week
- 40
-
Donna ManningDONNA MANNING
EXEC. DIR. A
- Total calculated
- $107,710
- From this org
- $106,730
- From related orgs
- $0
- Other
- $980
- Hours/week
- 40
-
Nathan CopelandNATHAN COPELAND
CHAIR AS OF
- Total calculated
- $0
- Hours/week
- 5
-
Lee SowellLEE SOWELL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bridgett FowlerBRIDGETT FOWLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michelle CombsMICHELLE COMBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phyllis PelzerPHYLLIS PELZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sedric WebberSEDRIC WEBBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wendy WellsWENDY WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- SCHEDULE J, PART III
- COMPENSATION PAID TO MONICA BALOGA AND JEREMY WHITAKER WAS SOLELY FOR THEIR ROLES AT LIMESTONE UNIVERSITY. MRS. BALOGA AND MR. WHITAKER'S POSITIONS WITH THE UNIVERSITY MADE THEM EX OFFICIO MEMBERS OF THE BOARD OF DIRECTORS FOR LIMESTONE CHARTER ASSOCIATION. THEIR ROLE ON THE BOARD OF THE ASSOCIATION WAS AN UNPAID POSITION.
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
-
$15,782,278
PASSTHROUGH FUNDING
-
ORANGEBURG HIGH SCHOOL FOR HEALTH
$6,360,261
PASSTHROUGH FUNDING
-
$3,072,232
PASSTHROUGH FUNDING
-
GLOBAL ACADEMY OF SOUTH CAROLINA
$2,904,542
PASSTHROUGH FUNDING
-
$2,866,894
PASSTHROUGH FUNDING
-
$2,792,120
PASSTHROUGH FUNDING
-
$1,594,026
PASSTHROUGH FUNDING
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.
-
501C3 · UNIVERSITY · SC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202512039349300926
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