Pee Dee Math Science and Technology Academy FY2022 filing

Tax-deductible

Bishopville, SC501(c)(3)EducationEIN 27-3816700Revenue $2.7M in FY2022

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.
61¢ 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

FY2022 · 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
61%
of spending
Worth a look: 61% 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 · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
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
$400K
66% of total assets
Worth a look: liabilities are 66% 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
$2.7M
-15% vs prior year
Spent
$3.2M
To programs
61%
Net assets
$202K
By yearFY2020–FY2023
Revenue
$2.7M
FY2022▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$3.2M
FY2022$2.7M
FY2023$3.0M
Expenses
$3.2M
FY2022▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.7M
FY2022$3.2M
FY2023$3.0M
Net assets
$202K
FY2022▼ -69%
Tap a bar for its year
Net assets by fiscal year
FY2020$165K
FY2021$655K
FY2022$202K
FY2023$227K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

61 cents of each dollar spent went to programs.

Program services 61% · $1.9M Management & general 39% · $1.3M

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 (FY2021); the FY2022 filing did not itemize Part VII
Principal
$75,065Pt 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.

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Provided by the organization

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1 program · $1.9M · in their own filed words · FY2021
01

Educate students during the school year july 1, 2021 through june 30, 2022

$1.9Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.4M
Other incomeLn 4–11$364K
Fees for servicesLn 2g$6K
Money outPt IX
$3.2M
Ln 25
Programscol B$1.9M
Managementcol C$1.3M
Owns and owesPt X
$202K
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$602K
LiabilitiesLn 26$400K
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$2.4M
Government grantsLn 1e$2.4M
Fees for servicesLn 2g$6K
Other incomeLn 4–11$364K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$91K
Cash and savings togetherLn 1–2$91K
Land, buildings, equipmentLn 10c$255K
Total assetsLn 16$602K
LiabilitiesLn 26$400K
Net assetsLn 32$202K
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 FY22End FY22
Cash and savingsLn 1–2$476K$91K
Land, buildings, equipmentLn 10c$280K$255K
Total assetsLn 16$1.2M$602K
LiabilitiesLn 26$549K$400K
Net assetsLn 32$655K$202K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$172K$86K$86K
Other salaries and wagesLn 7$1.2M$843K$350K
Pension plan contributionsLn 8$2K$1K$300
Other employee benefitsLn 9$98K$87K$10K
Payroll taxesLn 10$100K$62K$39K
Legal feesLn 11b$8K$8K
Advertising and promotionLn 12$29K$29K
Information technologyLn 14$10K$7K$4K
OccupancyLn 16$289K$217K$72K
TravelLn 17$7K$3K$5K
Depreciation, depletion and amortizationLn 22$26K$993$25K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$1.3M$635K$623K
Total functional expensesLn 25$3.2M$1.9M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $3.0M$3.0M$25K$227K 990 PDF
FY2022 Viewing $2.7M$3.2M−$453K$202K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $2,739,894 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,211,640$2,369,385
I-9 Program service revenuePrior year $2,252$6,185
I-10 Investment income$0
I-11 Other revenuePrior year $4,518$364,324
I-12 Total revenuePrior year $3,218,410$2,739,894
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,399,559$1,564,238
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,328,533$1,629,047
I-18 Total expensesPrior year $2,728,092$3,193,285
I-19 Revenue less expensesPrior year $490,318−$453,391
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 $2,739,894 across 6 lines filed
VIII-1e Government grants$2,366,681
VIII-1f All other contributions, gifts and grants$2,704
VIII-1h Total contributions, gifts and grants$2,369,385
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,185$6,185
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $364,324$364,324
VIII-12 Total revenueRelated to mission $370,509 · Unrelated business $0 · Excluded from tax $0$2,739,894
Part IX · Statement of functional expenses $3,193,285 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $86,207 · Management $86,207$172,414
IX-7 Other salaries and wagesPrograms $842,524 · Management $349,839$1,192,363
IX-8 Pension plan contributionsPrograms $1,250 · Management $300$1,550
IX-9 Other employee benefitsPrograms $87,495 · Management $10,370$97,865
IX-10 Payroll taxesPrograms $61,507 · Management $38,539$100,046
IX-11b Legal feesManagement $7,889$7,889
IX-12 Advertising and promotionManagement $28,658$28,658
IX-14 Information technologyPrograms $6,931 · Management $3,505$10,436
IX-16 OccupancyPrograms $216,934 · Management $72,312$289,246
IX-17 TravelPrograms $2,938 · Management $4,559$7,497
IX-22 Depreciation, depletion and amortizationPrograms $993 · Management $24,826$25,819
IX-23 InsuranceManagement $1,993$1,993
IX-24 Other expenses (24a–d)Programs $634,907 · Management $622,602$1,257,509
IX-25 Total functional expensesPrograms $1,941,686 · Management $1,251,599 · Fundraising $0$3,193,285
Part X · Balance sheet $602,241 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $476,448$91,495
X-3 Pledges and grants receivableStart of year $399,825$234,768
X-4 Accounts receivable$5,429
X-9 Prepaid expenses and deferred chargesStart of year $48,008$15,977
X-10c Land, buildings and equipment, netStart of year $280,392$254,572
X-16 Total assetsStart of year $1,204,673$602,241
X-17 Accounts payable and accrued expensesStart of year $188,803$252,342
X-19 Deferred revenueStart of year $89,392$148,115
X-26 Total liabilitiesStart of year $549,498$400,457
X-32 Total net assets or fund balancesStart of year $655,175$201,784
X-33 Total liabilities and net assetsStart of year $1,204,673$602,241
Part XI · Reconciliation of net assets $201,784 net assets at year end
XI-1 Total revenue$2,739,894
XI-2 Total expenses$3,193,285
XI-3 Revenue less expenses−$453,391
XI-4 Net assets at start of year$655,175
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$201,784

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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