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Nonprofit · EIN 57-1092759

SCHOOL FOUNDATION INC

Tax-exempt · FLORENCE, SC 29501

Financials

$213K$346K2022$349K$325K2023$954K$344K2024
Revenue Expenses · by fiscal year end
Financials of SCHOOL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$954,481$343,657$610,824$2,820,050$39,933$2,780,117
June 30, 2024990$348,704$324,720$23,984$2,651,297$40,122$2,611,175
June 30, 2023990$212,850$345,869-$133,019$2,351,569$45,130$2,306,439
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$233,190
Program service revenue
$0
Investment income
$721,291
Net gain from sales of assets
$661,894
Other revenue
$0

Expenses

Grants and similar amounts paid
$168,479
Other salaries and wages
$108,140
Salaries, compensation and benefits (total)
$116,412
Professional fundraising fees
$0
Accounting fees
$5,100
Occupancy
$9,883
Depreciation
$329
Program services (functional)
$198,052
Management and general (functional)
$100,629
Fundraising (functional)
$44,976

Balance sheet and other

Total assets, start of year
$2,651,297
Total assets, end of year
$2,820,050
Total liabilities, end of year
$39,933
Net assets, end of year
$2,780,117
Land, buildings and equipment
$2,238
Net assets without donor restrictions
$2,763,873
Net assets with donor restrictions
$16,244
Gross receipts
$3,183,729
Employees
2
Volunteers
0
Year formed
2000
State of legal domicile
SC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
DEBBIE HYLEREXECUTIVE DIRECTOR
Trustee or director, Officer
40$78,621
MINDY TAYLORCHAIRMAN
Trustee or director, Officer
15$0
MEGGIE DANIELVICE CHAIRMAN
Trustee or director, Officer
15$0
COURTNEY CRIBBTREASURER
Trustee or director, Officer
15$0
MARION FORDSECRETARY
Trustee or director, Officer
15$0
TRISH CAULDERBOARD MEMBER
Trustee or director
5$0
ANNIE BROWNBOARD MEMBER
Trustee or director
5$0
JAMMIE MCDONALDBOARD MEMBER
Trustee or director
5$0
RYAN WHITEBOARD MEMBER
Trustee or director
5$0
CAROLYN PEARCEBOARD MEMBER
Trustee or director
5$0
JEFF HELTONBOARD MEMBER
Trustee or director
5$0
JUDITH KAMMERBOARD MEMBER
Trustee or director
5$0
JEAN LEATHERMANBOARD MEMBER
Trustee or director
5$0
ROBERT LEMASTERBOARD MEMBER
Trustee or director
5$0
ED LOVEBOARD MEMBER
Trustee or director
5$0
13 more people on this return
NameTitleHours / weekCompensation
ETROY GREENBOARD MEMBER
Trustee or director
5$0
RICHARD O-MALLEYBOARD MEMBER
Trustee or director
5$0
TAMMY PAWLOSKIBOARD MEMBER
Trustee or director
5$0
JAMES SHEEHYBOARD MEMBER
Trustee or director
5$0
MELISSA SCOTTBOARD MEMBER
Trustee or director
5$0
ZACHARY BENNETTBOARD MEMBER
Trustee or director
5$0
CARLOS WASHINGTONBOARD MEMBER
Trustee or director
5$0
CHAQUEZ MACALLBOARD MEMBER
Trustee or director
5$0
PORTER STEWARTBOARD MEMBER
Trustee or director
5$0
MEAGAN JOHNSONBOARD MEMBER
Trustee or director
5$0
HEATHER PAGEBOARD MEMBER
Trustee or director
5$0
JOY HIGGSBOARD MEMBER
Trustee or director
5$0
KIPPIE BROWNBOARD MEMBER
Trustee or director
5$0
990 for the year ended June 30, 2024: 29 people
NameTitleHours / weekCompensation
DEBBIE HYLEREXECUTIVE DIRECTOR
Trustee or director, Officer
40$76,331
JEFF HELTONCHAIRMAN
Trustee or director, Officer
15$0
ED A LOVEVICE CHAIRMAN
Trustee or director, Officer
15$0
COURTNEY CRIBBTREASURER
Trustee or director, Officer
15$0
MARION FORDSECRETARY
Trustee or director, Officer
15$0
ZACH BENNETTBOARD MEMBER
Trustee or director
5$0
ANNE BROWNBOARD MEMBER
Trustee or director
5$0
KIPPIE BROWNBOARD MEMBER
Trustee or director
5$0
TRISHA CAULDERBOARD MEMBER
Trustee or director
5$0
JEAN LEATHERMANBOARD MEMBER
Trustee or director
5$0
ROBERT LEMASTERBOARD MEMBER
Trustee or director
5$0
RICHARD O'MALLEYBOARD MEMBER
Trustee or director
5$0
TAMMY PAWLOSKIBOARD MEMBER
Trustee or director
5$0
JAMES SHEEHYBOARD MEMBER
Trustee or director
5$0
MINDY TAYLORBOARD MEMBER
Trustee or director
5$0
CARLOS WASHINGTONBOARD MEMBER
Trustee or director
5$0
PORTER STEWARTBOARD MEMBER
Trustee or director
5$0
JOY HIGGSBOARD MEMBER
Trustee or director
5$0
CHAQUEZ MCCALLBOARD MEMBER
Trustee or director
5$0
HEATHER PAGEBOARD MEMBER
Trustee or director
5$0
MEGGIE DANIELBOARD MEMBER
Trustee or director
5$0
ETROY GREENBOARD MEMBER
Trustee or director
5$0
JUDITH KAMMERBOARD MEMBER
Trustee or director
5$0
JAMMIE MCDONALDBOARD MEMBER
Trustee or director
5$0
CAROLYN PEARCEBOARD MEMBER
Trustee or director
5$0
JUSTIN PEARSONBOARD MEMBER
Trustee or director
5$0
MELISSA SCOTTBOARD MEMBER
Trustee or director
5$0
HALEY TAYLORBOARD MEMBER
Trustee or director
5$0
RYAN WHITEBOARD MEMBER
Trustee or director
5$0
990 for the year ended June 30, 2023: 23 people
NameTitleHours / weekCompensation
DEBBIE HYLEREXECUTIVE DIRECTOR
Trustee or director, Officer
40$74,108
JEFF HELTONCHAIRMAN
Trustee or director, Officer
15$0
ED A LOVEVICE CHAIRMAN
Trustee or director, Officer
15$0
COURTNEY CRIBBTREASURER
Trustee or director, Officer
15$0
MARION FORDSECRETARY
Trustee or director, Officer
15$0
DR ANNIE BROWNBOARD MEMBER
Trustee or director
5$0
TRISHA CAULDERBOARD MEMBER
Trustee or director
5$0
MEGGIE DANIELBOARD MEMBER
Trustee or director
5$0
JUDITH KAMMERBOARD MEMBER
Trustee or director
5$0
JEAN LEATHERMANBOARD MEMBER
Trustee or director
5$0
ROBERT LEMASTERBOARD MEMBER
Trustee or director
5$0
RICHARD O'MALLEYBOARD MEMBER
Trustee or director
5$0
TAMMY PAWLOSKIBOARD MEMBER
Trustee or director
5$0
JAMES SHEEHYBOARD MEMBER
Trustee or director
5$0
JEFF STEVENSBOARD MEMBER
Trustee or director
5$0
MINDY TAYLORBOARD MEMBER
Trustee or director
5$0
BRENT TILLERBOARD MEMBER
Trustee or director
5$0
CARLOS WASHINGTONBOARD MEMBER
Trustee or director
5$0
PORTER STEWARTBOARD MEMBER
Trustee or director
5$0
SARAH DUBYBOARD MEMBER
Trustee or director
5$0
JOY HIGGSBOARD MEMBER
Trustee or director
5$0
CHAQUEZ MCCALLBOARD MEMBER
Trustee or director
5$0
HEATHER PAGEBOARD MEMBER
Trustee or director
5$0

Address and contacts

Address (IRS master file)
320 W CHEVES ST, FLORENCE, SC 29501-4437
In care of
% JEFF HELTON
Principal officer (990 for 2024)
MINDY TAYLOR, 320 WEST CHEVES STREET 175, FLORENCE, SC 29501
Signed the 990
MINDY TAYLOR, CHAIRMAN
Phone
(843) 662-9996
Return prepared by
MUNN & ASSOCIATES PC

Mission

THE SCHOOL FOUNDATION PROMOTES EDUCATIONAL EXCELLENCE IN FLORENCE 1 SCHOOLS THROUGH GRANTS FOR INNOVATIVE LEARNING AND THROUGH HIGH IMPACT INITIATIVES DESIGNED TO PREPARE ALL STUDENTS FOR SUCCESS.

990 for the year ended June 30, 2025

Program accomplishments

  • PASS-THROUGH GRANTS RECEIVED FROM A FOUNDATION PROVIDED FOR THE FOLLOWING:EMPOWERING STUDENTS LIFE SKILLS EXPERIENCE THROUGH LAUNDROMAT ACCESS (ADVANTAGE ACADEMY) $10,000.THE LEDGER LINE INITIATIVE (WILSON HIGH SCHOOL BAND) $35,000.RHYTHMS OF THE PALMETTO GROOVING THROUGH SC'S DANCE HISTORY (BROCKINGTON ELEMENTARY SCHOOL) $17,510.MAKING SENSE OF THE SCHOOL DAY (ROYAL ELEMENTARY SCHOOL AND OCCUPATIONAL THERAPY SENSORY ITEMS FOR ALL FLORENCE ONE SCHOOLS)SENSORY SPARKS (RN BECK CHILD DEVELOPMENT CENTER, CHILD DEVELOPMENT CENTER AT WOODS ROAD, BROCKINGTON ELEMENTARY SCHOOL, AND DEWEY L CARTER ELEMENTARY SCHOOL) $ 25,469.BLUE ZONE (ALL FLORENCE ONE SCHOOLS) $30,500.THE REMAINING EXPENSES WERE ADDITIONAL COSTS THE SCHOOL FOUNDATION EXPENDED IN VARIOUS OTHER SMALL PROGRAMS BENEFITING FLORENCE 1 SCHOOLS.
    Expenses $198,052 · grants $168,479

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
57-1092759
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2000
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,820,050
Income (IRS master file)
$3,183,729

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$954,481$343,657$2,820,050XML
990June 2024$348,704$324,720$2,651,297XML
990June 2023$212,850$345,869$2,351,569XML
990June 2022$526,211$294,717$2,232,206IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-1092759).

Questions about SCHOOL FOUNDATION INC

What is the EIN of SCHOOL FOUNDATION INC?
The employer identification number (EIN) of SCHOOL FOUNDATION INC is 57-1092759.
Is SCHOOL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to SCHOOL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SCHOOL FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SCHOOL FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SCHOOL FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of SCHOOL FOUNDATION INC?
The 990 for the year ended June 30, 2025 names MINDY TAYLOR.
Who are the officers and directors of SCHOOL FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 28 people; 1 received compensation from the organization, the highest $78,621 (DEBBIE HYLER, EXECUTIVE DIRECTOR).
How much revenue does SCHOOL FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $954,481, expenses of $343,657 and total assets of $2,820,050 at year end.

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