2019-05-14T06:29:16-05:00 2018-06-30 570381582 ELLIOTT DAVIS LLCPLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2017-07-01 263245679 PALMETTO ACADEMY OF LEARNING AND SUCCESS PALM 8438391725 3021 FRED NASH BLVD MYRTLE BEACH SC 29577 MS COURTNEY FANCHER PRINCIPAL 8438391725 2019-05-13 1 DENISE P HILL P00046615 8032560002 2019-05-13 24.181.201.165 2019-05-13 12:07:18 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 99AFABE94547B544723E04EEA8F4500EFBDE7EE5 2017 2019-02-21 02:37:17Z MS COURTNEY FANCHER POST OFFICE BOX 15432 SURFSIDE SC 29587 2854321 0 X WWW.PALMETTOACADEMY.COM X 2008 SC 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. BY PROVIDING MEANINGFUL AND INNOVATIVE LEARNING EXPERIENCES, INSTRUCTION FOR MULTIPLE LEARNING STYLES, ACCESS TO TECHNOLOGY, AND ENCOURAGING FAMILY AND COMMUNITY INVOLVEMENT, THE ORGANIZATION IS COMMITTED TO GUIDING STUDENTS IN THE DEVELOPMENT OF BOTH THEIR CHARACTER AND ACADEMIC POTENTIAL IN PREPARATION FOR THEIR SUCCESS AS LIFE LONG LEARNERS. 7 7 47 100 0 0 2676188 2576347 143043 192091 -239 487 87381 85396 2906373 2854321 0 0 0 0 1846691 1730042 0 0 0 1518062 1355714 3364753 3085756 -458380 -231435 7938619 7627524 9125275 11333343 -1186656 -3705819 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 2550003 192021 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. 2550003 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 47 1 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 MS COURTNEY FANCHER 8432931725 3021 FRED NASH BLVD MYRTLE BEACH SC 29577 BRAD FAIRCLOTH MEMBER 0.50 X 0 0 0 NICOLE YOUNG-CLINE MEMBER 0.50 X 0 0 0 AMY GARCIA MEMBER 0.50 X 0 0 0 TAMARA CULLUM MEMBER 0.50 X 0 0 0 JAMIE BAKER MEMBER 0.50 X 0 0 0 STEPHANIE MERIDITH CHAIR 0.50 X 0 0 0 JOHNATHAN PAINTER TREASURER 0.50 X 0 0 0 COURTNEY FANCHER EXECUTIVE DIRECTOR 40.00 X 104848 0 27172 104848 0 27172 1 0 0 0 0 2574713 1634 2576347 PUPIL ACTIVITIES 900099 86792 86792 LUNCH SALES 900099 65366 65366 OTHER 900099 39933 39933 192091 487 487 85396 0 85396 85396 85396 2854321 192091 0 85883 104848 86497 18351 1112120 917470 194650 419976 341255 78721 93098 82159 10939 1500 1500 20850 20850 107938 53969 53969 612747 612747 SUPPLIES & MATERIALS 259035 203579 55456 PURCHASED SERVICES 208359 143418 64941 OTHER OBJECTS 116355 86266 30089 REDEMPTION OF PRINCIPAL 17645 17645 11285 4998 6287 3085756 2550003 535753 0 921301 703494 0 70322 51081 66098 7022819 752450 6607275 6270369 358962 517241 7938619 7627524 91526 127218 0 18911 9033749 11187214 9125275 11333343 X -962831 -3162733 -223825 -543086 -1186656 -3705819 7938619 7627524 X -231435 -1940793 -346935 X 0 1 X 1 0 X 6830755 571189 6259566 166272 160052 6220 25792 21209 4583 6270369 DEFERRED PENSION INVESTMENT OUTFLOWS OF RESOURCES 429464 DEFERRED OPEB OUTFLOWS OF RESOURCES 65586 DUE TO OTHER GOVERNMENTAL UNITS 22191 517241 CAPITAL LEASE 6813455 PENSION OBLIGATION 1859009 DEFERRED PENSION INVESTMENT INFLOWS OF RESOURCES 397681 OPEB OBLIGATION 1934203 DEFERRED OPEB INFLOWS OF RESOURCES 182866 11187214 2854321 0 2854321 0 2854321 3085756 0 3085756 0 3085756 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. 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 OF A POTENTIAL CONFLICT THAT PERSON RECUSES 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: CAPITAL OUTLAYS ADJUSTMENT -336,906. NOTE PAYABLE PROCEEDS 17,645. PENSION PLAN CONTRIBUTIONS ADJUSTMENT 143,330. OPEB PLAN CONTRIBUTIONS ADJUSTMENT 62,262. SCHOOL'S PORTION OF PENSION EXPENSE -106,244. SCHOOL'S PORTION OF OPEB EXPENSE -127,022.