Lexington County School District One Educational Foundation

Nonprofit profile at a glance

EIN
571025465
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Lexington, SC, USA
Phone
8038211180
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Federated Giving Programs

Official website

Reported finances

Revenue
$251,534
Expenses
$352,478
Assets
$1,967,264
Liabilities
$11,942

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • JULIE WASHBURN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JULIE WASHBURN (EXECUTIVE DIRECTOR): $84,813 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the lexington county school district one educational foundation is to support the educational process and enrich the quality of life in our community by raising and managing funds.

What it reported doing in 2024

In 2024-2025, funds provided grants for virtual & augmented reality instructional tools for 3rd-5th graders to explore science & social studies concepts; ozobots for students to explore coding via hands-on learning; digi-blocks for 1st-3rd grade classes to develop math skills and understand place value; games to develop critical reasoning , verbal, non-verbal and quatitative skills. Robotics team grants were provided to a number of middle and high schools to fund the expenses of robotics teams competition. These grants support education through providing students with opportunities to apply s.t.e.m. Learning to real life situations and competitions with other schools. The grant provided for a total of $10,000 to be disbursed among participating schools. Michelin golden apple teacher grants provide grants up to $250 each to teachers to fund classroom needs that would not be available otherwise and enhance creativity and learning. Examples of projects funded included growing plants to teach science and life skills to students; stem kits for teaching science & engineering concepts; instructional supplies to enhance 6th grade math concepts; ball launchers to teach motion and robotics coding; games to delveop math concepts; and more. Foundation awarded $4901.49 in michelin golden apple teacher grants for fiscal year 2025. The foundation provided additional assistance to lexington county school district one for various programs including $14,725 for a new mechatronics program at ltc; $8,537 in international teacher grants; $11,081 in caring hearts grants, and $7,152 in helping hands grants to schools.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 72% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 95
  • Accountability: 79
  • Sustainability: 33
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 96%; rating input score 96; 56th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -40.1%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 5.58; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: -0.7% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: 7.6% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.6% of spending went to programs
  • Governance: 20 of 20 board members independent · 4 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $295K in reported program spending
  • Leadership: top reported pay $85K · 21 people listed
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 8 filed related-organization links
  • 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 — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.