Midlands Stem Charter School FY2024 filing

Tax-deductible

Winnsboro, SC501(c)(3)Since 2012EducationEIN 46-3368831

This page gets seen. Tell your story. Claim this org.

Our mission is to produce Stem proficient, physically fit students. Our goal is to prepare youth for the future by equipping them with the skills they need for gainful employment and healthy lives.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$45K 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

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
3 of 5
filings with a surplus
Average surplus $103K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% 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
Liabilities
$108K
12% of total assets
Looks good: liabilities are 12% 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
$3.6M
+25% vs prior year
Spent
$3.4M
To programs
77%
Net assets
$824K
By yearFY2020–FY2024
Revenue
$3.6M
FY2024▲ +25%
Revenue by fiscal year
FY2020$2.1M
FY2021$3.0M
FY2022$2.8M
FY2023$2.9M
FY2024$3.6M
FY2024$4.8M
Expenses
$3.4M
FY2024▲ +13%
Expenses by fiscal year
FY2020$2.2M
FY2021$2.5M
FY2022$2.7M
FY2023$3.1M
FY2024$3.4M
FY2024$4.5M
Net assets
$824K
FY2024▲ +31%
Net assets by fiscal year
FY2020$159K
FY2021$656K
FY2022$777K
FY2023$628K
FY2024$824K
FY2024$1.1M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $2.6M Management & general 23% · $795K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

8 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Interim Executive Director
$45,451Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lionel Kennedy’s $106K as CEO is at the 36th percentile of top reported officer pay among 3395 $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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Cynthia Prince——$110,751$95,593$93,306$42,500
Lionel Kennedy$106,000—————
Louise Cathcart—$45,451————
Mariam Milam—————$41,811

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.

See Midlands Stem Charter School executive salaries →

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

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides high-quality STEM education for students.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $2.6M · in their own filed words · FY2023
01

Midlands stem charter school (MSCS) offers a unique opportunity for students to obtain a high quality education in science, technology, engineering, and mathematics (stem). MSCS is a tuition-free public charter school and opened in august 2014. MSCS'S mission is to produce academically and physically fit stem proficient students.

$2.6Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.6M
Fees for servicesLn 2g$46K
Investment incomeLn 3$331
Money outPt IX
$3.4M
Ln 25
Programscol B$2.6M
Managementcol C$795K
Owns and owesPt X
$824K
net assets · Ln 32
Cash and savingsLn 1–2$606K
Total assetsLn 16$933K
LiabilitiesLn 26$108K
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$3.6M
Government grantsLn 1e$3.6M
Fees for servicesLn 2g$46K
Investment incomeLn 3$331
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$606K
Cash and savings togetherLn 1–2$606K
Land, buildings, equipmentLn 10c$132K
Other assetsLn 15$8K
Total assetsLn 16$933K
LiabilitiesLn 26$108K
Net assetsLn 32$824K
OperationsPt I, VI
EmployeesI 562
VolunteersI 62
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 FY24End FY24
Cash and savingsLn 1–2$365K$606K
Land, buildings, equipmentLn 10c$170K$132K
Total assetsLn 16$693K$933K
LiabilitiesLn 26$65K$108K
Net assetsLn 32$628K$824K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.8M$1.4M$399K
Pension plan contributionsLn 8$18K$18K
Other employee benefitsLn 9$198K$156K$42K
Payroll taxesLn 10$147K$108K$39K
Management feesLn 11a$47K$47K
Legal feesLn 11b$31K$31K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$542K$450K$92K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$12K$12K
Information technologyLn 14$135K$135K$36
OccupancyLn 16$315K$315K
TravelLn 17$12K$12K$199
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$42K$33K$8K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$108K$38K$70K
All other expensesLn 24e$13K$3K$10K
Total functional expensesLn 25$3.4M$2.6M$795K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $3.6M$3.4M$197K$824K 990 PDF
FY2023 $2.9M$3.1M−$149K$628K 990 PDF
FY2022 $2.8M$2.7M$120K$777K 990 PDF
FY2021 $3.0M$2.5M$498K$656K 990 PDF
FY2020 $2.1M$2.2M−$150K$159K 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 $3,639,814 across 6 lines filed
VIII-1e Government grants$3,588,948
VIII-1f All other contributions, gifts and grants$4,077
VIII-1h Total contributions, gifts and grants$3,593,025
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,458$46,458
VIII-3 Investment incomeExcluded from tax $331$331
VIII-12 Total revenueRelated to mission $46,458 · Unrelated business $0 · Excluded from tax $331$3,639,814
Part IX · Statement of functional expenses $3,442,876 across 18 lines filed
IX-7 Other salaries and wagesPrograms $1,378,833 · Management $399,226$1,778,059
IX-8 Pension plan contributionsPrograms $17,889$17,889
IX-9 Other employee benefitsPrograms $155,944 · Management $42,012$197,956
IX-10 Payroll taxesPrograms $107,671 · Management $39,069$146,740
IX-11a Management feesManagement $46,775$46,775
IX-11b Legal feesManagement $31,168$31,168
IX-11c Accounting feesManagement $9,200$9,200
IX-11g Other fees for servicesPrograms $450,245 · Management $91,862$542,107
IX-12 Advertising and promotionManagement $16,105$16,105
IX-13 Office expensesManagement $11,718$11,718
IX-14 Information technologyPrograms $134,703 · Management $36$134,739
IX-16 OccupancyPrograms $315,416$315,416
IX-17 TravelPrograms $12,073 · Management $199$12,272
IX-20 InterestPrograms $1,150$1,150
IX-22 Depreciation, depletion and amortizationPrograms $33,410 · Management $8,352$41,762
IX-23 InsuranceManagement $19,155$19,155
IX-24 Other expenses (24a–d)Programs $37,890 · Management $69,872$107,762
IX-24e All other expensesPrograms $2,767 · Management $10,136$12,903
IX-25 Total functional expensesPrograms $2,647,991 · Management $794,885 · Fundraising $0$3,442,876
Part X · Balance sheet $932,708 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $365,339$606,271
X-3 Pledges and grants receivableStart of year $127,050$153,602
X-9 Prepaid expenses and deferred chargesStart of year $15,025$33,031
X-10c Land, buildings and equipment, netStart of year $170,302$131,804
X-15 Other assetsStart of year $15,000$8,000
X-16 Total assetsStart of year $692,716$932,708
X-17 Accounts payable and accrued expensesStart of year $9,253$81,361
X-19 Deferred revenueStart of year $19,899$6,309
X-26 Total liabilitiesStart of year $65,201$108,255
X-32 Total net assets or fund balancesStart of year $627,515$824,453
X-33 Total liabilities and net assetsStart of year $692,716$932,708
Part XI · Reconciliation of net assets $824,453 net assets at year end
XI-1 Total revenue$3,639,814
XI-2 Total expenses$3,442,876
XI-3 Revenue less expenses$196,938
XI-4 Net assets at start of year$627,515
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$824,453

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

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.