2023-05-15T12:25:22-05:00 2022-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2021-07-01 263245679 PALMETTO ACADEMY OF LEARNING AND SUCCESS PALM 8438391725 3021 FRED NASH BLVD MYRTLE BEACH SC 29577 COURTNEY DOWDY PRINCIPAL 8438391725 2023-05-15 1 COURTNEY DOWDY 999009999 JANICE A RATICA P00358837 7043338881 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z COURTNEY DOWDY POST OFFICE BOX 15432 SURFSIDE SC 29587 3491617 0 X WWW.PALMETTOACADEMY.COM X 2008 SC PALMETTO ACADEMY LEARNING AND SUCCESS IS A HIGHLY-RATED PUBLIC CHARTER SCHOOL IN MYRTLE BEACH, SOUTH CAROLINA THAT IS PART OF HORRY COUNTY SCHOOL DISTRICT. 7 7 43 100 0 0 3257693 3206981 22618 200447 64 189 84000 84000 3364375 3491617 0 0 0 0 1750524 1913722 0 0 0 1413144 1648880 3163668 3562602 200707 -70985 7592729 7314398 12631698 12520315 -5038969 -5205917 TO CREATE A SMALL, DIVERSE LEARNING ENVIRONMENT THAT ACCOMODATES EACH STUDENT'S INDIVIDUAL DIFFERENCES, LEARNING STYLES, AND DEVELOPMENT WHILE PROMOTING HIGH EXPECTATIONS FOR ALL STUDENTS. 0 0 3102115 200447 ORGANIZED UNDER THE SOUTH CAROLINA CHARTER SCHOOL ACT, THE SCHOOL PROVIDES ACADEMIC CHOICE FOR PARENTS AND STUDENTS WHILE EXPANDING THE CAPACITY OF THE PUBLIC SCHOOL SYSTEM IN THE HORRY COUNTY SCHOOL DISTRICT. 3102115 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 5 0 1 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X COURTNEY DOWDY 8432931725 3021 FRED NASH BLVD MYRTLE BEACH SC 29577 ERWIN MATA MEMBER 0.50 X 0 0 0 TONYA MUELLER MEMBER 0.50 X 0 0 0 JAMIE BAKER MEMBER 0.50 X 0 0 0 NICOLE YOUNG-CLINE MEMBER 0.50 X 0 0 0 SARAH RUSSELL MEMBER 0.50 X 0 0 0 STEPHANIE CIONI CHAIR 0.50 X X 0 0 0 JOHNATHAN PAINTER TREASURER 0.50 X X 0 0 0 COURTNEY DOWDY EXECUTIVE DIRECTOR 40.00 X 149224 0 12027 149224 0 12027 1 0 1 0 0 3204583 2398 3206981 FOOD SERVICES 900099 104209 104209 PUPIL ACTIVITIES 900099 96238 96238 200447 189 189 84000 0 84000 84000 84000 3491617 200447 0 84189 1324096 1263016 61080 291901 279291 12610 197139 187751 9388 100586 95950 4636 18500 18500 378 378 130540 104432 26108 4800 3840 960 667546 534037 133509 318373 254698 63675 64758 30970 33788 FOOD SERVICES 113183 113183 SUPPLIES 122909 105810 17099 PUPIL ACTIVITY 98519 98519 FISCAL SERVICES 65753 65753 43621 30618 13003 3562602 3102115 460487 0 797056 1070136 1039 61300 78148 18721 7109684 2001535 5341748 5108149 1374738 1056092 7592729 7314398 59196 71528 22170 18143 12550332 12430644 12631698 12520315 X -3567860 -3522855 -1471109 -1683062 -5038969 -5205917 7592729 7314398 X -70985 -95963 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6833698 1814434 5019264 255486 169801 85685 20500 17300 3200 5108149 DEFERRED PENSION INVESTMENT OUTFLOWS OF RESOURCES 363422 DEFERRED OPEB OUTFLOWS OF RESOURCES 688601 DUE FROM OTHER GOVERNMENTAL UNITS 4069 1056092 CAPITAL LEASE 6791211 PENSION OBLIGATION 2084634 DEFERRED PENSION INFLOWS OF RESOURCES 617611 OPEB OBLIGATION 2565832 DEFERRED OPEB INFLOWS OF RESOURCES 371356 12430644 3491618 0 3491618 0 3491618 3658566 95963 95963 3562603 0 3562603 PART XII, LINE 2D - OTHER ADJUSTMENTS: CONTINGENT GASB PENSION PLAN AND OPEB ACCRUAL NOT DEDUCTED ON FORM 990 95,963. SCHEDULE D, PAGE 4, PART XI AND XII THE AUDITED FINANCIAL STATEMENTS (AFS) ARE PREPARED BASED ON GOVERNMENTAL FUND ACCOUNTING BASIS (I.E. REGULATORY ACCOUNTING PRINCPLES). AS A RESULT, CERTIN ITEMS OF EXPENSE ON THE AFS ARE NOT INCLUDED AS AN EXPENSE ON FORM 990 SUCH AS PRINCIPAL DEBT PAYMENTS AND CAPITAL OUTLAYS FOR FIXE ASSETS, ETC. THE ADJUSTMENTS PROVIDED IN PART XI AND PART XII HAVE BEEN MADE TO PRESENT THE STATEMENT OF REVENUE AND STATEMENT OF FUNCTIONAL EXPENSE ON FORM 990 IN A MANNER CONSISTENT WITH THE ACCRUAL BASIS OF ACCOUNTING UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS NONDISCRIMINATORY STATEMENT ON ITS APPLICATION AND LOTTERY OVERVIEW SHEETS, IN THE PARENT/STUDENT HANDBOOK, FACULTY HANDBOOK AND ON ITS WEBSITE. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL. THEREFORE, IT DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL AID. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES VARIOUS GOVERNMENT GRANTS FROM BOTH FEDERAL AND STATE SOURCES. 0 0 0 0 0 0 0 0 0 COURTNEY DOWDY EXECUTIVE DIRECTOR 149224 0 0 0 0 0 0 0 12027 0 161251 0 0 0 NICHOLE YOUNG-CLINE - YOUNG TALKERS BOARD MEMBER 12072 SPEECH SERVICES. COMPENSATION IS AT FAIR MARKET VALUE AND NEGOTIATED AT ARM'S LENGTH. 0 AMBER ROGERS - CREATIVE EDUCATIONAL SISTER OF COURTNEY DOWDY, PRINCIPAL 8698 CONSULTING SERVICES. COMPENSATION IS AT FAIR MARKET VALUE AND NEGOTIATED AT ARM'S LENGTH. 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS REVIEWED BY THE BOARD, FINANCIAL MANAGEMENT COMPANY AND EXECUTIVE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS THE ANNUAL DISCLOSURES SUBMITTED BY EACH MEMBER. : IN THE EVENT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND/OR VOTE ON THE MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE INDEPENDENT BOARD PULLS DATA FROM THE COUNTY PAYSCALE AND PREPARES AN ANALYSIS TO ENSURE COMPENSATION IS APPROPRIATE FOR THE POSITION. THE DISCUSSIONS ARE DOCUMENTED IN THE BOARD MINUTES. FOR OTHER EMPLOYEES, SALARIES ARE SET BASED ON CERTIFICATION, YEARS TEACHING, DEGREE LEVEL AND SUBJECT AREA. THE BOARD DISCUSSES SALARY RAISES AND CHANGES EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CONTINGENT GASB PENSION PLAN AND OPEB ACCRUAL NOT DEDUCTED ON FORM 990 -95,963.