Berkeley County Foundation for Education
Nonprofit profile at a glance
- EIN
- 571111408
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- Moncks Corner, SC, USA
- Phone
- 8435092266
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $40,576
- Expenses
- $18,527
- Assets
- $304,394
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- KAYE MYERS (CHAIRMAN)
- JOHN O WILLIAMS II (SECRETARY)
- CAROLYN WEST (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of berkeley county foundation for education - in partnership with individuals, businesses and the school district - is to provide financial resources for the pursuit of educational excellence and innovation.
What it reported doing in 2024
The berkeley county foundation for education is an all volunteer, non- profit organization, whose goal is the improvement of education at all levels. Its aim is to provide additional support, both finanical and non- financial, to the public school system in the county by means of: (1) providing additional funding for educational projects that exceed the school district's operating budget and other funding; (2) through the use of grants and awards, encourage schools, teachers, and students towards quality educational programs; (3) by fostering a positive community perception of education in the county; and (4) by providing an occasional scholarship to college students from this county. There are approximately 29,600 students in berkeley county in grades k-12, with 40 schools and 2,257 teachers that stand to benefit from this organization's efforts.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.5%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 54.3%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 16.43; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 7.2% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 9.7% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $18K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Officer compensation ratio scored 56/100.