philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Horry County K-12 Foundation

Tax-deductible

Myrtle Beach, SC501(c)(3)EIN 20-2264979

Grants for educational purposes

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $14K a year · 26% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$43K
-30% vs prior year
Spent
$65K
To programs
65%
Net assets
$452K
By yearFY2020–FY2024
Revenue
$43K
FY2024▼ -30%
Revenue by fiscal year
FY2020$81K
FY2021$64K
FY2022$11K
FY2023$62K
FY2024$43K
Expenses
$65K
FY2024▼ -4%
Expenses by fiscal year
FY2020$69K
FY2021$59K
FY2022$70K
FY2023$67K
FY2024$65K
Net assets
$452K
FY2024▼ -2%
Net assets by fiscal year
FY2020$517K
FY2021$547K
FY2022$418K
FY2023$463K
FY2024$452K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $42K Management & general 20% · $13K Fundraising 15% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mark Lazarus
Treasurer
$0Pt VII · Sec A
Ian Maquire
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Don Weaver
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Horry County K-12 Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants for educational purposes.

Provided by the organization

This section is blank until Horry County K-12 Foundation claims this page.

Know this organization? Claim it to add your story

1 program service account for $42K of program spending, described in the organization's own filed words · FY2024.
01

Provide educational opportunities for high school students within horry county.

$42Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
National Philanthropic TrustFY2023$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$43K
Ln 12
Investment incomeLn 3$40K
Gifts and grantsLn 1h$3K
Money outPt IX
$65K
Ln 25
Programscol B$42K
Managementcol C$13K
Fundraisingcol D$10K
Owns and owesPt X
$452K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$452K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$40K
Gains on assetsLn 7$29K
Total revenueLn 12$43K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
InvestmentsLn 11–13$429K
Total assetsLn 16$452K
LiabilitiesLn 26$0
Net assetsLn 32$452K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$59K$24K
InvestmentsLn 11–13$406K$429K
Total assetsLn 16$465K$452K
LiabilitiesLn 26$2K$0
Net assetsLn 32$463K$452K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$48K$34K$5K$10K
Accounting feesLn 11c$280$280
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$2K$1K$175$175
Other expenses (24a–d)Ln 24$7K$7K$129
Total functional expensesLn 25$65K$42K$13K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $43K$65K−$22K$452K 990 PDF
FY2023 $62K$67K−$5K$463K 990 PDF
FY2022 $11K$70K−$59K$418K 990 PDF
FY2021 $64K$59K$5K$547K 990 PDF
FY2020 $81K$69K$12K$517K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $43,174 across 5 lines filed
VIII-1f All other contributions, gifts and grants$3,050
VIII-1h Total contributions, gifts and grants$3,050
VIII-3 Investment incomeExcluded from tax $11,341$11,341
VIII-7 Net gain or loss on sales of assetsExcluded from tax $28,783$28,783
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $40,124$43,174
Part IX · Statement of functional expenses $64,701 across 6 lines filed
IX-11a Management feesPrograms $33,600 · Management $4,800 · Fundraising $9,600$48,000
IX-11c Accounting feesManagement $280$280
IX-11f Investment management feesManagement $4,173$4,173
IX-11g Other fees for servicesManagement $3,236$3,236
IX-13 Office expensesPrograms $1,252 · Management $175 · Fundraising $175$1,602
IX-24 Other expenses (24a–d)Programs $7,281 · Management $129$7,410
IX-25 Total functional expensesPrograms $42,133 · Management $12,793 · Fundraising $9,775$64,701
Part X · Balance sheet $452,171 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $58,669$23,625
X-11 Publicly traded securitiesStart of year $406,279$428,546
X-16 Total assetsStart of year $464,948$452,171
X-26 Total liabilitiesStart of year $1,695$0
X-27 Net assets without donor restrictionsStart of year $463,253$452,171
X-32 Total net assets or fund balancesStart of year $463,253$452,171
X-33 Total liabilities and net assetsStart of year $464,948$452,171
Part XI · Reconciliation of net assets $452,171 net assets at year end
XI-1 Total revenue$43,174
XI-2 Total expenses$64,701
XI-3 Revenue less expenses−$21,527
XI-4 Net assets at start of year$463,253
XI-5 Net unrealized gains (losses) on investments$10,445
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$452,171

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.