Skip to content
Nonprofiteer
← SECURING ASSETS FOR EDUCATION

Form 990 for tax year 2023

Filed by SECURING ASSETS FOR EDUCATION.

Totals

Total revenue
$183,197,953
Total expenses
$182,056,844
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$182,759,637
Investment income
$438,316
Other revenue
$0
Total assets, end of year
$161,044,409
Total liabilities, end of year
$160,967,807
Net assets or fund balances, end of year
$76,602
Program services expenses (Part IX)
$182,044,844
Management and general expenses
$12,000
Fundraising expenses
$0
Program service expenses (Part III)
$182,044,844

Program services were 100.0% 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: PRINCIPAL PAYMENTS FROM BERKL

    total $176,611,000 · related or exempt $176,611,000

  • 2b · Program service revenue: INTEREST PAYMENTS FROM BERKEL

    total $5,433,844 · related or exempt $5,433,844

  • 2c · Program service revenue: PREMIUM AMORTIZATION ON SERIE

    total $714,793 · related or exempt $714,793

  • 3 · Investment income

    total $438,316 · excluded $438,316

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $12,000 · management and general $12,000

  • 20 · Interest

    total $5,433,844 · program services $5,433,844

  • 24a · Other expenses: PRINCIPAL PAYMENTS

    total $176,611,000 · program services $176,611,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,131 · end of year $366,033

  • 13 · Investments: program-related

    beginning of year $34,577 · end of year $81,892

  • 15 · Other assets

    beginning of year $185,713,960 · end of year $160,596,484

  • 20 · Tax-exempt bond liabilities

    beginning of year $182,834,000 · end of year $158,248,000

  • 25 · Other liabilities

    beginning of year $3,434,600 · end of year $2,719,807

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$290,932

  • 31 · Retained earnings, endowment or other funds

    end of year $76,602

Mission and programs · 2023

Mission

ORGANIZED TO CONSTRUCT AND RENOVATE BERKELEY COUNTY SCHOOL DISTRICT FACILITIES.

Activities or mission (Part I)

SECURING ASSETS FOR EDUCATION IS ORGANIZED EXCLUSIVELY TO CONSTRUCT AND RENOVATE BERKELEY COUNTY SCHOOL DISTRICT FACILITIES.

  • SECURING ASSETS FOR EDUCATION IS ORGANIZED EXCLUSIVELY TO (1) ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, IMPROVE, MAINTAIN, OPERATE, MANAGE, LEASE, AND DISPOSE OF SCHOOL BUILDINGS AND OTHER PUBLIC EDUCATION FACILITIES FOR THE USE AND BENEFIT OF THE BERKELEY COUNTY SCHOOL DISTRICT AND (2) ENCOURAGE AND PROMOTE PUBLIC EDUCATION THROUGH COOPERATIVE ARRANGEMENTS WITH GOVERNMENTAL ENTITIES AND ORGANIZATIONS EXEMPT UNDER SEC. 501(C)(3) OF THE INTERNAL REVENUE CODE THAT PROVIDE PUBLIC EDUCATION IN BERKELEY COUNTY, SC.

    Expenses $182,044,844 · Revenue $182,759,637

As filed on the 2023 return.

Listed in Part VII

  • Harry Calvert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Shawan Gillians

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Lisa Kerns

    SECRETARY/ T

    Total calculated
    $0
    Hours/week
    0.1

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.

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.

  • BERKELEY COUNTY SCHOOL DISTRICT

    115 · SCHOOL · SC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349316380

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

The source document this was parsed from is served over the API, which is where bulk and document access live.