2014-11-17T08:42:12-06:00 2014-06-30 570381582 ELLIOTT DAVIS LLCPLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2013-07-01 263245679 PALMETTO ACADEMY OF LEARNING AND SUCCESS PALM 8438391725 3021 FRED NASH BLVD MYRTLE BEACH SC 29577 MS COURTNEY FANCHER PRINCIPAL 8438391725 2014-11-12 1 DENISE P HILL CPA P00046615 8032560002 2013 2015-11-30 17:44:51Z MS COURTNEY FANCHER POST OFFICE BOX 15432 SURFSIDE SC 29587 2848566 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 6 42 200 0 0 1331474 2669971 32777 115595 0 0 7200 63000 1371451 2848566 0 0 0 0 829824 1374524 0 0 0 376557 1154440 1206381 2528964 165070 319602 714683 1108211 46027 119953 668656 988258 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 1803567 147518 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. 1803567 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 42 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MS COURTNEY FANCHER 8432931725 3021 FRED NASH BLVD MYRTLE BEACH SC 29577 STEPHANIE MERIDITH CHAIR 0.50 X X 0 0 0 JONATHAN PAINTER MEMBER 0.50 X 0 0 0 KAREN FERRARO MEMBER 0.50 X 0 0 0 JENNIFER HIRSH MEMBER 0.50 X 0 0 0 COURTNEY TOLLER MEMBER 0.50 X 0 0 0 NICOLE YOUNG-CLINE MEMBER 0.50 X 0 0 0 BRAD FAIRCLOTH MEMBER 0.50 X 0 0 0 COURTNEY FANCHER EXECUTIVE DIRECTOR 40.00 X 97124 0 18483 97124 0 18483 0 0 0 0 0 2630357 39614 2669971 PUPIL ACTIVITIES 900099 84518 84518 LUNCH SALES 900099 31077 31077 115595 63000 0 63000 63000 63000 2848566 178595 0 0 1030908 895190 135718 343616 299924 43692 22223 22223 15290 15290 35678 35678 PURCHASED SERVICES 711498 370097 341401 SUPPLIES & MATERIALS 277158 202678 74480 OTHER OBJECTS 92593 0 92593 2528964 1803567 725397 0 649741 917837 2115 28187 211454 49267 62827 162187 714683 1108211 46027 48982 0 70971 46027 119953 X 605829 897042 62827 91216 668656 988258 714683 1108211 319602 0 X X 0 1 X 1 0 X 1227026 1445256 1331474 2669971 6673727 1227026 1445256 1331474 2669971 6673727 6673727 3000 8468 7200 63000 81668 6755395 0.98790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 166362 38173 128189 45092 11094 33998 162187 CAPITAL LEASE 70971 70971 2848566 0 2848566 0 2848566 2528964 0 2528964 0 2528964 FIN 48: THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING WHICH DOES NOT REQUIRE THE ADOPTION OF FIN 48. 1 1 1 1 1 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 6 THE SCHOOL RECEIVES VARIOUS GOVERNMENT GRANTS FROM BOTH FEDERAL AND STATE SOURCES. AMBER ROGERS SISTER OF EXECUTIVE DIRECTOR AND FORMER BOARD MEMBER THE EXECUTIVE DIRECTOR'S SISTER IS AN OFFICER FOR A COMPANY THAT PROVIDES EDUCATIONAL CONSULTING SERVICES TO THE ACADEMY. THE PAL'S BOARD WAS RESPONSIBLE FOR ENTERING INTO AND MONITORING THE CONTRACT. 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF FORM 990 IS REVIEWED BY THE BOARD CHAIR, 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. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD PULLED DATA FROM THE COUNTY PAYSCALE AND PREPARED A ANALYSIS TO ENSURE COMPENSATION WAS APPROPRIATE FOR THE POSITION. 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, PAGE 12, PART XI, LINE 2C, RESPONSIBILITY FOR OVERSIGHT OF AUDIT: THE BOARD OF DIRECTORS OVERSEE THE AUDIT PROCESS.