2026-03-30T07:38:58-05:00 2025-07-31 571112308 VERIS LLC 1156 BOWMAN ROAD SUITE 100-A MOUNT PLEASANT SC 29464 990EZ 2024-08-01 262530146 ACADEMIC MAGNET FOUNDATION ACAD 8437227330 5109-A WEST ENTERPRISE STREET NORTH CHARLESTON SC 29405 CHARLES CLAUS BOARD CHAIR 8437227330 2026-03-02 1 1 DAN SULLIVAN CPA P01700607 8438814477 2026-03-02 2024 2025-03-06 01:10:19Z X N/A X X 99820 X 92142 4879 2799 2799 3066 -3066 96754 1623 77612 79235 17519 205884 0 223403 X 224031 247987 224031 247987 18147 24584 205884 223403 X THE ACADEMIC MAGNET FOUNDATION (AMF) EXISTS TO SAFEGUARD THE MISSION OF ACADEMIC MAGNET HIGH SCHOOL (AMHS) WITH READILY AVAILABLE FINANCIAL BACKING AND HUMAN CAPITAL TO ENSURE THAT ITS STUDENTS ARE PREPARED TO THRIVE IN AN INCREASINGLY COMPETITIVE GLOBAL COMMUNITY. ACADEMIC MAGNET HIGH SCHOOL SEEKS TO DELIVER A RIGOROUS CURRICULUM, STATE-OF-THE-ART FACILITIES AND AN ENGAGING, COMMITTED FACULTY TO FOSTER LOVE OF SCHOLARSHIP, LEADERSHIP AND SOCIAL RESPONSIBILTY. BY PLANNING FOR AND RESPONDING TO THE DYNAMIC NEEDS OF OUR STUDENTS AND FACULTY, THE FOUNDATION'S VISION IS TO PRESERVE THE LONG-TERM EXCELLENCE OF THE AMHS COMMUNITY BY SUPPORTING LEADING-EDGE ACADEMIC AND ARTS ENRICHMENT OPPORTUNITIES AND PREPARE OUR STUDENTS TO BECOME SUCCESSFUL AND PRODUCTIVE CITIZENS OF THE WORLD. THE AMF'S RESOURCES, INCLUDING COMMUNITY AND BUSINESS PARTNERSHIPS, WILL PROVIDE DISCRETIONARY CAPITAL INDEPENDENT OF BUT TRANSPARENT TO THE CHARLESTON COUNTY SCHOOL DISTRICT. TO PROVIDE FUNDING FOR CLASSROOM/FACULTY NEEDS/CURRICULUM ENRICHMENT/COLLEGE PREP ENHANCEMENT SERVICES 0 15258 TO PROVIDE FUNDING FOR SUMMER SCHOLARS 0 19677 TO PROVIDE FUNDING FOR FACULTY DEVELOPMENT 0 673 TO PROVIDE SCHOLARSHIP FUNDS TO FURTHER STUDENTS EDUCATION. 0 41400 TO PROVIDE SUPPORT TO THE PARENTS AND TEACHERS 501C3 ORGANIZATION:PARTNERS IN EDUCATION 0 0 77008 CHAD TIPPEY TREASURER 0.00 0 0 0 CHARLES CLAUS BOARD CHAIR 0.00 0 0 0 JACOB PERIMUTTER PRINCIPAL 0.00 0 0 0 JENNY HEICHELBECH SECRETARY 0.00 0 0 0 ASHLEY WARNOCK BOARD MEMBER 0.00 0 0 0 DANIEL FLESSAS BOARD MEMBER 0.00 0 0 0 NEVES RICHARDS BOARD MEMBER 0.00 0 0 0 JESSICA BROWNING BOARD MEMBER 0.00 0 0 0 REBECCA MARTIN BOARD MEMBER 0.00 0 0 0 LYNN VAN TIEM BOARD MEMBER 0.00 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SC CHAD TIPPEY 5109-A WEST ENTERPRISE STREET NORTH CHARLESTON SC 29405 8437141118 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 40049 79284 74658 75104 92142 361237 40049 79284 74658 75104 92142 361237 44866 316371 1755 3090 4044 3361 4878 17128 378365 0.83620 0.79820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 FALL FUNDRAISING 66442 66442 3066 66442 66442 3066 3066 -3066 FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: DIVIDEND INCOME-CCF. AMOUNT: 3,664. DESCRIPTION: INTEREST-SAVINGS, SHORT-TERM CD. AMOUNT: 1,215. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 4,879. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: COLLEGE PREP ENHANCEMENT SERVIC. AMOUNT: 15,258. DESCRIPTION: FACULTY PROF DEVELOPMENT COSTS. AMOUNT: 673. DESCRIPTION: CURRICULUM:SUMMER SCHOLARS. AMOUNT: 19,677. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 470. DESCRIPTION: BANK SERVICE CHARGES:MANAGEMENT FEE. AMOUNT: 1,494. DESCRIPTION: WEBSITE DONATION SETTLEMENT FEE. AMOUNT: 165. DESCRIPTION: INSURANCE - LIABILITY, D AND O. AMOUNT: 475. DESCRIPTION: RESTRICTED GRANT EXPENSE. AMOUNT: 39,400. TOTAL TO FORM 990-EZ, LINE 16: 77,612. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: UNREALIZED GAINS/LOSSES. BEG. OF YEAR AMOUNT: 18,147. END OF YEAR AMOUNT: 24,584. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.