Pee Dee Math Science and Technology Academy FY2021 filing

Tax-deductible

Bishopville, SC501(c)(3)EducationEIN 27-3816700Revenue $3.2M in FY2021

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.
63¢ of each $1 spent went to programs.
$75K 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

FY2021 · 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
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: 2.1 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
$549K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
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
$3.2M
+42% vs prior year
Spent
$2.7M
To programs
63%
Net assets
$655K
By yearFY2020–FY2023
Revenue
$3.2M
FY2021▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$3.2M
FY2022$2.7M
FY2023$3.0M
Expenses
$2.7M
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.7M
FY2022$3.2M
FY2023$3.0M
Net assets
$655K
FY2021▲ +297%
Tap a bar for its year
Net assets by fiscal year
FY2020$165K
FY2021$655K
FY2022$202K
FY2023$227K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

63 cents of each dollar spent went to programs.

Program services 63% · $1.7M Management & general 37% · $1.0M

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; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Principal
$75,423Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$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.

Provided by the organization

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1 program · $1.7M · in their own filed words · FY2020
01

Educate students during the school year july 1, 2020 through june 30, 2021

$1.7Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$3.2M
Other incomeLn 4–11$5K
Fees for servicesLn 2g$2K
Money outPt IX
$2.7M
Ln 25
Programscol B$1.7M
Managementcol C$1.0M
Owns and owesPt X
$655K
net assets · Ln 32
Cash and savingsLn 1–2$476K
Total assetsLn 16$1.2M
LiabilitiesLn 26$549K
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$3.2M
Government grantsLn 1e$2.9M
Fees for servicesLn 2g$2K
Other incomeLn 4–11$5K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$476K
Cash and savings togetherLn 1–2$476K
Land, buildings, equipmentLn 10c$280K
Total assetsLn 16$1.2M
LiabilitiesLn 26$549K
Net assetsLn 32$655K
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 FY21End FY21
Cash and savingsLn 1–2$329K$476K
Land, buildings, equipmentLn 10c$215K$280K
Total assetsLn 16$773K$1.2M
LiabilitiesLn 26$608K$549K
Net assetsLn 32$165K$655K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$117K$59K$59K
Other salaries and wagesLn 7$1.1M$784K$280K
Pension plan contributionsLn 8$2K$1K$950
Other employee benefitsLn 9$121K$102K$20K
Payroll taxesLn 10$95K$67K$27K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$20K$20K
Information technologyLn 14$17K$17K
OccupancyLn 16$234K$176K$59K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$27K$3K$24K
Other expenses (24a–d)Ln 24$1.0M$518K$492K
Total functional expensesLn 25$2.7M$1.7M$1.0M$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 Viewing $3.2M$2.7M$490K$655K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $3,218,410 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,242,984$3,211,640
I-9 Program service revenuePrior year $22,270$2,252
I-10 Investment income$0
I-11 Other revenue$4,518
I-12 Total revenuePrior year $2,265,254$3,218,410
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,402,143$1,399,559
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,013,801$1,328,533
I-18 Total expensesPrior year $2,415,944$2,728,092
I-19 Revenue less expensesPrior year −$150,690$490,318
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 $3,218,410 across 6 lines filed
VIII-1e Government grants$2,943,689
VIII-1f All other contributions, gifts and grants$267,951
VIII-1h Total contributions, gifts and grants$3,211,640
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,252$2,252
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,518$4,518
VIII-12 Total revenueRelated to mission $6,770 · Unrelated business $0 · Excluded from tax $0$3,218,410
Part IX · Statement of functional expenses $2,728,092 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $58,717 · Management $58,717$117,434
IX-7 Other salaries and wagesPrograms $784,269 · Management $279,723$1,063,992
IX-8 Pension plan contributionsPrograms $1,100 · Management $950$2,050
IX-9 Other employee benefitsPrograms $101,530 · Management $19,820$121,350
IX-10 Payroll taxesPrograms $67,347 · Management $27,386$94,733
IX-11b Legal feesManagement $9,722$9,722
IX-11c Accounting feesManagement $10,050$10,050
IX-12 Advertising and promotionManagement $19,877$19,877
IX-14 Information technologyPrograms $17,026$17,026
IX-16 OccupancyPrograms $175,613 · Management $58,538$234,151
IX-17 TravelPrograms $1,425$1,425
IX-22 Depreciation, depletion and amortizationPrograms $2,978 · Management $23,578$26,556
IX-24 Other expenses (24a–d)Programs $517,986 · Management $491,740$1,009,726
IX-25 Total functional expensesPrograms $1,727,991 · Management $1,000,101 · Fundraising $0$2,728,092
Part X · Balance sheet $1,204,673 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $329,343$476,448
X-3 Pledges and grants receivableStart of year $84,624$399,825
X-9 Prepaid expenses and deferred chargesStart of year $143,699$48,008
X-10c Land, buildings and equipment, netStart of year $215,274$280,392
X-16 Total assetsStart of year $772,940$1,204,673
X-17 Accounts payable and accrued expensesStart of year $177,188$188,803
X-19 Deferred revenueStart of year $166,955$89,392
X-24 Unsecured notes and loans payableStart of year $263,940$271,303
X-26 Total liabilitiesStart of year $608,083$549,498
X-32 Total net assets or fund balancesStart of year $164,857$655,175
X-33 Total liabilities and net assetsStart of year $772,940$1,204,673
Part XI · Reconciliation of net assets $655,175 net assets at year end
XI-1 Total revenue$3,218,410
XI-2 Total expenses$2,728,092
XI-3 Revenue less expenses$490,318
XI-4 Net assets at start of year$164,857
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$655,175

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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