The School Foundation, INC. ("association") is a voluntary association of individuals operated collectively to serve the needs and interests and advance the general welfare to florence 1 schools.the School Foundation promotes educational excellence in florence, SC School district 1 through grants for innovative learning and through high impact initiatives designed to prepare all students for success.the organization achieves its goals by contributions to schools, School programs and advocacy of quality public education.the association welcomes everyone in florence 1 schools which is a public School system, regardless of age, race, sex, ethnicity, ability or religion.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
$76K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $131K a year · 31% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$40K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$349K
+64% vs prior year
Spent
$325K
To programs
53%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$349K
FY2024▲ +64%
Tap a bar for its year
Revenue by fiscal year
FY2020$198K
FY2021$333K
FY2022$526K
FY2023$213K
FY2024$349K
FY2025$954K
Expenses
$325K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$113K
FY2021$365K
FY2022$295K
FY2023$346K
FY2024$325K
FY2025$344K
Net assets
$2.6M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.6M
FY2022$2.2M
FY2023$2.3M
FY2024$2.6M
FY2025$2.8M

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

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2000.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $172K Management & general 33% · $109K Fundraising 13% · $44K

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

29 people listed on the 990; $76K 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
Executive Director
$76,331Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Debbie Hyler’s $79K as Executive Director is at the 72nd percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Debbie Hyler$78,621$76,331$74,108$71,949$71,949$73,649

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds innovative learning and high-impact initiatives to prepare all students for success in Florence schools.

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Provided by the organization

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1 program · $172K · in their own filed words · FY2023
01

Pass-through grants received from a foundation provided for the following:enhancing literacy through decodable readers (wallace gregg elementary and north vista elementary schools) $28,775.CHORDS of change: revolutionizing music education (wallace gregg elementary school) $35,700.HARMONY in progress: elevating the music experience (john…

$172Kprogram 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
Total grants receivedfrom 2 funders$22K
Grants paid · 40 grants · $788K · 2020–2024
Wilson High School BandFY2024$35,000
All Florence One SchoolsFY2024$30,500
All Florence One SchoolsFY2024$25,000
Royall Elementary SchoolFY2024$25,000
Brockington Elementary SchoolFY2024$17,510
Advantage AcademyFY2024$10,000
Dewey L Carter Elementary SchoolFY2024$6,368
Brockington Elementary SchoolFY2024$6,367
Child Development Center at Woods RoadFY2024$6,367
RN Beck Child Development CenterFY2024$6,367
Wallace Gregg Elementary SchoolFY2023$35,700
John W Moore Middle SchoolFY2023$35,229
West Florence High SchoolFY2023$23,944
Florence 1 Adult EducationFY2023$19,500
Wallace Gregg Elementary SchoolFY2023$14,388
North Vista Elementary SchoolFY2023$14,387
Reach - All F1s Elementary SchoolsFY2022$68,553
All F1s SchoolsFY2022$45,831
See all 40 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$349K
Ln 12
Gifts and grantsLn 1h$301K
Other incomeLn 4–11$27K
Investment incomeLn 3$21K
Money outPt IX
$325K
Ln 25
Programscol B$172K
Managementcol C$109K
Fundraisingcol D$44K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$2.7M
LiabilitiesLn 26$40K
PeoplePt VI, VII
29
listed · VII A
PaidVII A1
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$301K
Fundraising eventsLn 1c$240K
Investment incomeLn 3$21K
Other incomeLn 4–11$27K
Gains on assetsLn 7−$33K
Total revenueLn 12$349K
Assets in detailPt X, end of year
SavingsLn 2$51K
Cash and savings togetherLn 1–2$51K
InvestmentsLn 11–13$2.6M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$16K
Total assetsLn 16$2.7M
LiabilitiesLn 26$40K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 675
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$22K$51K
InvestmentsLn 11–13$2.3M$2.6M
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$2.4M$2.7M
LiabilitiesLn 26$45K$40K
Net assetsLn 32$2.3M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$143K$143K
Other salaries and wagesLn 7$105K$23K$41K$41K
Payroll taxesLn 10$8K$2K$3K$3K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$26K$26K
Advertising and promotionLn 12$7K$4K$3K
Office expensesLn 13$280$280
OccupancyLn 16$11K$11K
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$325K$172K$109K$44K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $954K$344K$611K$2.8M 990 PDF
FY2024 Viewing $349K$325K$24K$2.6M 990 PDF
FY2023 $213K$346K−$133K$2.3M 990 PDF
FY2022 $526K$295K$231K$2.2M 990 PDF
FY2021 $333K$365K−$32K$2.6M 990 PDF
FY2020 $198K$113K$86K$2.2M 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 FY2024 990 (6 parts)
Part I · Summary $348,704 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,758$300,820
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $27,990$21,184
I-11 Other revenuePrior year $121,102$26,700
I-12 Total revenuePrior year $212,850$348,704
I-13 Grants and similar amounts paidPrior year $175,940$143,148
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $109,783$113,023
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $60,146$68,549
I-18 Total expensesPrior year $345,869$324,720
I-19 Revenue less expensesPrior year −$133,019$23,984
Part VI · Governance 23 of 23 board members independent, 1 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsYes
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 $348,704 across 8 lines filed
VIII-1c Fundraising events$240,367
VIII-1f All other contributions, gifts and grants$60,453
VIII-1h Total contributions, gifts and grants$300,820
VIII-3 Investment incomeRelated to mission $54,308$54,308
VIII-7 Net gain or loss on sales of assetsRelated to mission −$33,124−$33,124
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26,700$26,700
VIII-12 Total revenueRelated to mission $47,884 · Unrelated business $0 · Excluded from tax $0$348,704
Part IX · Statement of functional expenses $324,720 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $143,148$143,148
IX-7 Other salaries and wagesPrograms $23,382 · Management $41,046 · Fundraising $40,563$104,991
IX-10 Payroll taxesPrograms $1,789 · Management $3,140 · Fundraising $3,103$8,032
IX-11c Accounting feesManagement $4,875$4,875
IX-11f Investment management feesManagement $25,896$25,896
IX-12 Advertising and promotionPrograms $4,004 · Management $3,045$7,049
IX-13 Office expensesManagement $280$280
IX-16 OccupancyManagement $11,302$11,302
IX-19 Conferences, conventions and meetingsManagement $7,229$7,229
IX-22 Depreciation, depletion and amortizationManagement $1,699$1,699
IX-23 InsuranceManagement $1,973$1,973
IX-24 Other expenses (24a–d)Management $8,246$8,246
IX-25 Total functional expensesPrograms $172,323 · Management $108,731 · Fundraising $43,666$324,720
Part X · Balance sheet $2,651,297 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $22,451$51,348
X-9 Prepaid expenses and deferred chargesStart of year $835$875
X-10c Land, buildings and equipment, netStart of year $3,058$2,568
X-12 Other securitiesStart of year $2,319,225$2,580,264
X-15 Other assetsStart of year $6,000$16,242
X-16 Total assetsStart of year $2,351,569$2,651,297
X-17 Accounts payable and accrued expensesStart of year $6,630$5,180
X-19 Deferred revenueStart of year $32,500$18,700
X-25 Other liabilitiesStart of year $6,000$16,242
X-26 Total liabilitiesStart of year $45,130$40,122
X-27 Net assets without donor restrictionsStart of year $2,288,954$2,594,845
X-28 Net assets with donor restrictionsStart of year $17,485$16,330
X-32 Total net assets or fund balancesStart of year $2,306,439$2,611,175
X-33 Total liabilities and net assetsStart of year $2,351,569$2,651,297
Part XI · Reconciliation of net assets $2,611,175 net assets at year end
XI-1 Total revenue$348,704
XI-2 Total expenses$324,720
XI-3 Revenue less expenses$23,984
XI-4 Net assets at start of year$2,306,439
XI-5 Net unrealized gains (losses) on investments$280,752
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,611,175

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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