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Nonprofit · EIN 85-1025677

GATES SCHOOL

Tax-exempt · COLUMBIA, SC 29201

Financials

$1.7M$2.4M2022
Revenue Expenses · by fiscal year end
Financials of GATES SCHOOL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2023990$1,682,308$2,449,399-$767,091$4,818,373$6,083,264-$1,264,891
Financial details: 990 for the year ended June 30, 2023

Revenue

Contributions, gifts and grants
$1,657,785
of which government grants
$1,606,304
Program service revenue
$17,161
Investment income
$7,362
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,045,210
Salaries, compensation and benefits (total)
$1,198,500
Professional fundraising fees
$0
Legal fees
$249,134
Accounting fees
$75,035
Occupancy
$72,331
Travel
$10
Depreciation
$84,222
Program services (functional)
$1,714,475
Management and general (functional)
$734,924

Balance sheet and other

Total assets, start of year
$5,261,639
Total assets, end of year
$4,818,373
Total liabilities, end of year
$6,083,264
Net assets, end of year
-$1,264,891
Land, buildings and equipment
$4,368,554
Gross receipts
$1,682,308
Employees
12
Volunteers
0
Year formed
2020
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, 2023, highest compensation first.

NameTitleHours / weekCompensation
STEPHANIE SAMSBOARD CHAIR
Trustee or director, Officer
2$0
TREY ZIMMERMANVICE CHAIR
Trustee or director, Officer
2$0
ERIC BENTSONTREASURER
Trustee or director, Officer
2$0
GEORGE HYNDBOARD MEMBER
Trustee or director
2$0
SEDRIC WEBBERBOARD MEMBER
Trustee or director
2$0
BOB MCFERRANBOARD MEMBER
Trustee or director
2$0
ROSEMARY HEROLDBOARD MEMBER
Trustee or director
2$0
CHRISS OTTBOARD MEMBER
Trustee or director
2$0
JOHN LIDISTRICT CFO
Officer
0$0

Address and contacts

Address (IRS master file)
1201 MAIN ST STE 300, COLUMBIA, SC 29201-3230
Principal officer (990 for 2022)
CAMERON RUNYAN, 1201 MAIN ST STE 300, COLUMBIA, SC 29201
Signed the 990
JOHN LI, DISTRICT CFO
Phone
(803) 849-2464
Return prepared by
MARTIN SMITH & COMPANY CPAS PA

Mission

GATES SCHOOL'S MISSION IS TO PROVIDE AN EXCEPTIONAL, EVIDENCE-BASED, MULTI-SENSORY EDUCATION FOR STUDENTS WITH DYSLEXIA TO OPEN THE GATES TO THIER INDIVIDUAL ACADEMIC POTENTIAL, IN AN ENVIRONMENT THAT EMPOWERS STUDENTS TO DEVELOP A POSITIVE AND SOCIALLY CONSCIOUS SELF-IMAGE.

990 for the year ended June 30, 2023

Program accomplishments

  • IN ITS SECOND YEAR OF OPERATIONS AS A SCHOOL, GATES ENROLLED APPROXIMATELY 100 STUDENTS IN GRADES ONE THROUGH FIVE. AS OF JUNE 30, 2024, THE SCHOOL CEASED OPERATIONS AS A PUBLIC CHARTER SCHOOL.
    Expenses $1,714,475 · revenue $17,161

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, 2025Not on file
2023June 30, 2024November 15, 2024Not on file

IRS record

EIN
85-1025677
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$4,818,373
Income (IRS master file)
$1,682,308

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2023$1,682,308$2,449,399$4,818,373XML
990June 2022$1,989,972$1,974,474$5,261,639IRS
990June 2021–––IRS
990June 2020–––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 85-1025677).

Questions about GATES SCHOOL

What is the EIN of GATES SCHOOL?
The employer identification number (EIN) of GATES SCHOOL is 85-1025677.
Is GATES SCHOOL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to GATES SCHOOL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GATES SCHOOL 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 GATES SCHOOL 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 GATES SCHOOL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2023.
Who is the principal officer of GATES SCHOOL?
The 990 for the year ended June 30, 2023 names CAMERON RUNYAN.
Who are the officers and directors of GATES SCHOOL?
The 990 for the year ended June 30, 2023 lists 9 people; 0 received compensation from the organization.
How much revenue does GATES SCHOOL have?
On its 990 for the year ended June 30, 2023 it reported revenue of $1,682,308, expenses of $2,449,399 and total assets of $4,818,373 at year end.

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