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

Mason Preparatory School Foundation FY2023 filing

Charleston, SCUnknown exempt organization EIN 47-2755337Revenue $213K in FY2023

On file with the IRSmasonprep.org/support-us56 Halsey Blvd · Charleston, SC

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The Mason prep School Foundation supports Mason prep School through strategic fundraising that provides scholarships and financial assistance to Mason prep students, promotes the development of the Mason prep faculty,

92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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 4
filings with a surplus
Average deficit $88K a year · 69% 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
65 mo
of spending, in cash
Looks good: 65.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
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
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$213K
+56% vs prior year
Spent
$101K
To programs
92%
Net assets
$550K
By yearFY2021–FY2024
Revenue
$213K
FY2023▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2021$158K
FY2022$137K
FY2023$213K
FY2024$3K
Expenses
$101K
FY2023▲ +129%
Tap a bar for its year
Expenses by fiscal year
FY2021$163K
FY2022$44K
FY2023$101K
FY2024$552K
Net assets
$550K
FY2023▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2021$345K
FY2022$438K
FY2023$550K
FY2024$0

From the FY2023 Form 990 (year ending May 2023) · see the original

Give Claim
You’re viewing the FY2023 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $93K Management & general 1% · $1K Fundraising 7% · $7K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Amy Foxhall
Director/Cha
$0Pt VII · Sec A
Sheri Cooper
Director/Tre
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chaun Pflug
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tammy Bryant
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mason Preparatory School Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aYes

Programs and updates

Raises funds for scholarships, faculty development, and student financial aid at Mason Prep School.

Questions for Mason Preparatory School Foundation

Tap to ask. Mason Preparatory School Foundation sees how many people are interested.

Your first name shows with your question. Mason Preparatory School Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $93K · in their own filed words · FY2022
01

The mason prep foundation is the fundraising arm of mason prep school. The foundations efforts raise funds to enable mason prep school to provide financial aid to qualified mason prep students, promote the development of mason prep's FACULTY/STAFF, and enhance and improve mason prep's facilities and its educational programs.

$93Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$8K
Total grants receivedfrom 1 funder$8K
Grants paid · 5 grants · $794K · 2020–2023
Mason Preparatory SchoolSC · FY2023$551,456
Mason Preparatory SchoolSC · FY2022$92,465
Mason Preparatory SchoolSC · FY2021$28,670
Mason Preparatory SchoolSC · FY2020$94,729
Mason Preparatory SchoolSC · FY2020$26,713

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$213K
Ln 12
Gifts and grantsLn 1h$221K
Investment incomeLn 3$12
Money outPt IX
$101K
Ln 25
Programscol B$93K
Managementcol C$1K
Fundraisingcol D$7K
Owns and owesPt X
$550K
net assets · Ln 32
Cash and savingsLn 1–2$550K
Total assetsLn 16$550K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$221K
Fundraising eventsLn 1c$22K
Investment incomeLn 3$12
Total revenueLn 12$213K
Assets in detailPt X, end of year
CashLn 1$369K
SavingsLn 2$181K
Cash and savings togetherLn 1–2$550K
Total assetsLn 16$550K
LiabilitiesLn 26$0
Net assetsLn 32$550K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderMay
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 FY23End FY23
Cash and savingsLn 1–2$438K$550K
Total assetsLn 16$438K$550K
LiabilitiesLn 26$0$0
Net assetsLn 32$438K$550K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$92K$92K
Accounting feesLn 11c$206$206
Other fees for servicesLn 11g$6K$838$5K
Office expensesLn 13$893$765$68$60
Information technologyLn 14$1K$1K
TravelLn 17$429$429
InsuranceLn 23$335$335
Other expenses (24a–d)Ln 24$53$8$45
Total functional expensesLn 25$101K$93K$1K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3K$552K−$550K$0 990 PDF
FY2023 Viewing $213K$101K$112K$550K 990 PDF
FY2022 $137K$44K$92K$438K 990 PDF
FY2021 $158K$163K−$5K$345K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $213,467 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $143,256$221,056
I-9 Program service revenue$0
I-10 Investment incomePrior year $13$12
I-11 Other revenuePrior year −$6,575−$7,601
I-12 Total revenuePrior year $136,694$213,467
I-13 Grants and similar amounts paidPrior year $28,670$92,465
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15,710$9,005
I-18 Total expensesPrior year $44,380$101,470
I-19 Revenue less expensesPrior year $92,314$111,997
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $213,467 across 6 lines filed
VIII-1c Fundraising events$22,500
VIII-1f All other contributions, gifts and grants$198,556
VIII-1h Total contributions, gifts and grants$221,056
VIII-3 Investment incomeExcluded from tax $12$12
VIII-8 Net income from fundraising eventsExcluded from tax −$7,601−$7,601
VIII-12 Total revenueExcluded from tax −$7,589$213,467
Part IX · Statement of functional expenses $101,470 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $92,465$92,465
IX-11c Accounting feesManagement $206$206
IX-11g Other fees for servicesManagement $838 · Fundraising $4,752$5,590
IX-13 Office expensesPrograms $765 · Management $68 · Fundraising $60$893
IX-14 Information technologyFundraising $1,499$1,499
IX-17 TravelFundraising $429$429
IX-23 InsuranceManagement $335$335
IX-24 Other expenses (24a–d)Management $8 · Fundraising $45$53
IX-25 Total functional expensesPrograms $93,230 · Management $1,455 · Fundraising $6,785$101,470
Part X · Balance sheet $549,659 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $292,477$369,138
X-2 Savings and temporary cash investmentsStart of year $145,033$180,521
X-16 Total assetsStart of year $437,510$549,659
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $292,477$369,138
X-28 Net assets with donor restrictionsStart of year $145,033$180,521
X-32 Total net assets or fund balancesStart of year $437,510$549,659
X-33 Total liabilities and net assetsStart of year $437,510$549,659
Part XI · Reconciliation of net assets $549,659 net assets at year end
XI-1 Total revenue$213,467
XI-2 Total expenses$101,470
XI-3 Revenue less expenses$111,997
XI-4 Net assets at start of year$437,510
XI-8 Prior period adjustments$152
XI-10 Net assets at end of year$549,659

Form 990 e-file (XML) FY2023 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.

Your org? Add context

Made it to the end? Claim this org

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.