Pee Dee Math Science and Technology Academy FY2020 filing

Tax-deductible

Bishopville, SC501(c)(3)EducationEIN 27-3816700Revenue $2.3M in FY2020

On file with the IRSpdmsta.org101 Docs Dr, 29010-7219 · Bishopville, SCTax-exempt since Oct 2014School — 170(b)(1)(A)(ii)

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Pee Dee Math, Science and Technology Academy aims to develop innovative, confident and self-motivated citizens through a Math, Science, and Technology curriculum enhanced with collaborative community learning partnerships.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$72K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $22K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$608K
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
Spent
$2.4M
To programs
66%
Net assets
$165K
By yearFY2020–FY2023
Revenue
$2.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$3.2M
FY2022$2.7M
FY2023$3.0M
Expenses
$2.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.7M
FY2022$3.2M
FY2023$3.0M
Net assets
$165K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$165K
FY2021$655K
FY2022$202K
FY2023$227K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Exemption reinstated (2013-11-15). Per the IRS revocation list. Latest filing on record: FY2023. IRS ruling in Oct 2014.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $1.6M Management & general 34% · $817K

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

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Who runs it and what they're paid

8 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Principal
$72,447Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Keith Bailey’s $77K as Principal is at the 17th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Keith Bailey$77,392$75,065$75,423$72,447

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Develops confident citizens through enhanced math, science, and technology education with community partnerships.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2019
01

Educate students during the school year july 1, 2019 through june 30, 2020

$1.6Mprogram expense

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 · FY2020
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$22K
Money outPt IX
$2.4M
Ln 25
Programscol B$1.6M
Managementcol C$817K
Owns and owesPt X
$165K
net assets · Ln 32
Cash and savingsLn 1–2$329K
Total assetsLn 16$773K
LiabilitiesLn 26$608K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Government grantsLn 1e$2.2M
Fees for servicesLn 2g$22K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$329K
Cash and savings togetherLn 1–2$329K
Land, buildings, equipmentLn 10c$215K
Total assetsLn 16$773K
LiabilitiesLn 26$608K
Net assetsLn 32$165K
OperationsPt I, VI
EmployeesI 545
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$77K$329K
Land, buildings, equipmentLn 10c$140K$215K
Total assetsLn 16$576K$773K
LiabilitiesLn 26$260K$608K
Net assetsLn 32$316K$165K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$113K$56K$56K
Other salaries and wagesLn 7$1.1M$820K$241K
Pension plan contributionsLn 8$2K$1K$350
Other employee benefitsLn 9$132K$103K$29K
Payroll taxesLn 10$94K$66K$28K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$12K$12K
OccupancyLn 16$206K$155K$52K
TravelLn 17$4K$4K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$22K$3K$19K
Other expenses (24a–d)Ln 24$757K$394K$363K
Total functional expensesLn 25$2.4M$1.6M$817K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $3.0M$3.0M$25K$227K 990 PDF
FY2022 $2.7M$3.2M−$453K$202K 990 PDF
FY2021 $3.2M$2.7M$490K$655K 990 PDF
FY2020 Viewing $2.3M$2.4M−$151K$165K 990 PDF

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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 FY2020 990 (6 parts)
Part I · Summary $2,265,254 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,226,550$2,242,984
I-9 Program service revenuePrior year $7,720$22,270
I-10 Investment income$0
I-11 Other revenuePrior year $119$0
I-12 Total revenuePrior year $2,234,389$2,265,254
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,294,629$1,402,143
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,095,073$1,013,801
I-18 Total expensesPrior year $2,389,702$2,415,944
I-19 Revenue less expensesPrior year −$155,313−$150,690
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,265,254 across 5 lines filed
VIII-1e Government grants$2,242,809
VIII-1f All other contributions, gifts and grants$175
VIII-1h Total contributions, gifts and grants$2,242,984
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,270$22,270
VIII-12 Total revenueRelated to mission $22,270 · Unrelated business $0 · Excluded from tax $0$2,265,254
Part IX · Statement of functional expenses $2,415,944 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $56,474 · Management $56,474$112,948
IX-7 Other salaries and wagesPrograms $820,462 · Management $240,769$1,061,231
IX-8 Pension plan contributionsPrograms $1,350 · Management $350$1,700
IX-9 Other employee benefitsPrograms $102,974 · Management $28,987$131,961
IX-10 Payroll taxesPrograms $65,892 · Management $28,411$94,303
IX-11b Legal feesManagement $1,681$1,681
IX-11c Accounting feesManagement $10,050$10,050
IX-12 Advertising and promotionManagement $12,418$12,418
IX-16 OccupancyPrograms $154,673 · Management $51,558$206,231
IX-17 TravelManagement $3,769$3,769
IX-20 InterestManagement $1,267$1,267
IX-22 Depreciation, depletion and amortizationPrograms $2,979 · Management $18,541$21,520
IX-24 Other expenses (24a–d)Programs $393,976 · Management $362,889$756,865
IX-25 Total functional expensesPrograms $1,598,780 · Management $817,164 · Fundraising $0$2,415,944
Part X · Balance sheet $772,940 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $77,090$329,343
X-3 Pledges and grants receivableStart of year $335,698$84,624
X-9 Prepaid expenses and deferred chargesStart of year $22,660$143,699
X-10c Land, buildings and equipment, netStart of year $140,364$215,274
X-16 Total assetsStart of year $575,812$772,940
X-17 Accounts payable and accrued expensesStart of year $182,889$177,188
X-19 Deferred revenueStart of year $70,737$166,955
X-24 Unsecured notes and loans payable$263,940
X-26 Total liabilitiesStart of year $260,265$608,083
X-32 Total net assets or fund balancesStart of year $315,547$164,857
X-33 Total liabilities and net assetsStart of year $575,812$772,940
Part XI · Reconciliation of net assets $164,857 net assets at year end
XI-1 Total revenue$2,265,254
XI-2 Total expenses$2,415,944
XI-3 Revenue less expenses−$150,690
XI-4 Net assets at start of year$315,547
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$164,857

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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