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Palmetto Scholars Academy Inc

  • N Charleston, SC
  • Tax-exempt since May 2013
  • EIN: 26-4450679

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$5.26M (2024)

Expenses
$5.24M (2024)

Total Assets
$8.92M (2024)

Total Liabilities
$7.88M (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,256,098
Expenses
$5,243,779
Net Income
$12,319
Net Assets
$1,033,338
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,043,849
96.0%
Program Services $143,913
2.7%
Investment Income $68,136
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $200
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,618,052
49.9%
Assets/Debt
Total Assets $8,917,921
Total Liabilities $7,884,583
Net Assets $1,033,338
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Kimberly Zerbst (Principal (Former)) $133,384 $0 $5,047
Ricky Reyes (Principal) $71,019 $0 $18,348
Brandon Guingrich (Board Chair) $0 $0 $0
Kim Schultz (Vice Chair) $0 $0 $0
Betsy Baldwin (Secretary) $0 $0 $0
Allen Topping (Treasurer) $0 $0 $0
Karsten Mcelfresh (Board Member) $0 $0 $0
Leasia Young (Board Member) $0 $0 $0
Ericka Giacomo (Board Member) $0 $0 $0
Christine Larue (Board Member) $0 $0 $0
Vacant (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 17, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,806,094
Expenses
$5,785,625
Net Income
$20,469
Net Assets
$1,021,019
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,511,648
94.9%
Program Services $264,030
4.5%
Investment Income $30,416
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $130,000
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,883,986
49.8%
Assets/Debt
Total Assets $9,134,528
Total Liabilities $8,113,509
Net Assets $1,021,019
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dean Wilkins (Principal) $130,000 $0 $5,957
Cameron Whitworth (Board Chair) $0 $0 $0
Faith Bongiorno (Vice Chair) $0 $0 $0
Kim Schultz (Secretary) $0 $0 $0
Manny Perez Carrillo (Treasurer) $0 $0 $0
Andy Peterson (Board Member) $0 $0 $0
Anja Dabelic (Board Member) $0 $0 $0
Betsy Baldwin (Board Member) $0 $0 $0
Hans Bocksmick (Board Member) $0 $0 $0
Kartsen Mcelfresh (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on June 11, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
View Filing (2 of 2)

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,087,229
Expenses
$5,755,125
Net Income
-$667,896
Net Assets
$1,000,550
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,019,016
98.7%
Program Services $60,998
1.2%
Investment Income $1,056
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,159
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $135,862
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,969,468
51.6%
Assets/Debt
Total Assets $9,207,434
Total Liabilities $8,206,884
Net Assets $1,000,550
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Corrigan Rutherford (Principal) $111,000 $0 $0
Cameron Whitworth (Board Member) $0 $0 $0
Leslie Sarji (Board Member) $0 $0 $0
Joel Baughman (Board Member) $0 $0 $0
Oriana Roumaillat (Board Member) $0 $0 $0
Jason Colonna (Board Member) $0 $0 $0
Bryan Coppage (Chair) $0 $0 $0
Manny Perez Carrillo (Treasurer) $0 $0 $0
Mary Brown (Vice Chair) $0 $0 $0
Dean Wilkins (Principal As Of July 1 2022) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,405,525
Expenses
$5,133,580
Net Income
$271,945
Net Assets
$1,668,446
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,363,919
99.2%
Program Services $33,194
0.6%
Investment Income $3,117
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,295
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $111,424
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,574,818
50.2%
Assets/Debt
Total Assets $10,012,965
Total Liabilities $8,344,519
Net Assets $1,668,446
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Corrigan Rutherford (Principal) $92,782 $0 $0
Jason Colonna (Board Member) $0 $0 $0
Cynthia Hall (Board Member) $0 $0 $0
Joel Baughman (Board Member) $0 $0 $0
Susan Durand (Board Member) $0 $0 $0
Liliana Hudescu (Board Member) $0 $0 $0
Bryan Coppage (Chair) $0 $0 $0
Faith Bongiorno (Board Member) $0 $0 $0
Mary Brown (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on April 26, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,805,210
Expenses
$4,800,106
Net Income
$5,104
Net Assets
$1,396,501
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,717,568
98.2%
Program Services $57,017
1.2%
Investment Income $14,319
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,373
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,933
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $227,732
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,254,549
47.0%
Assets/Debt
Total Assets $10,390,265
Total Liabilities $8,993,764
Net Assets $1,396,501
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tim Gott (Principal Former) $136,350 $0 $0
Corrigan Rutherford (Principal) $71,272 $0 $0
Mark Bowden (Vice Chairman) $0 $0 $0
Kim Shultz (Chairman) $0 $0 $0
Brian Coppage (Board Member) $0 $0 $0
John Mulvey (Board Member) $0 $0 $0
Patrick Oneill (Board Member) $0 $0 $0
Melissa Knight (Board Member) $0 $0 $0
Faith Bongiorno (Board Member) $0 $0 $0
Cynthia Hall (Board Member) $0 $0 $0
Jason Colonna (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,655,456
Expenses
$4,414,280
Net Income
$241,176
Net Assets
$1,391,397
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,541,784
97.6%
Program Services $67,800
1.5%
Investment Income $19,510
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $60,900
1.3%
Net Fundraising $0
Sales of Assets -$35,325
Net Inventory Sales $0
Other Revenue $787
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $154,666
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,012,449
45.6%
Assets/Debt
Total Assets $9,969,087
Total Liabilities $8,577,690
Net Assets $1,391,397
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tim Gott (Principal) $131,065 $0 $0
Keith Mcelveen (Chairman) $0 $0 $0
Mark Bowden (Vice Chairman) $0 $0 $0
Kim Shultz (Secretary) $0 $0 $0
William Quantz (Treasurer) $0 $0 $0
Brian Coppage (Board Member) $0 $0 $0
Morgan Futch (Board Member) $0 $0 $0
Elizabeth Harris (Board Member) $0 $0 $0
Catherine Parker (Board Member) $0 $0 $0
John Mulvey (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 2, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,345,671
Expenses
$4,085,277
Net Income
$260,394
Net Assets
$1,150,221
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,272,601
98.3%
Program Services -$62
Investment Income $8,794
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $52,800
1.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,538
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $134,608
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,910,615
46.8%
Assets/Debt
Total Assets $9,924,360
Total Liabilities $8,774,139
Net Assets $1,150,221
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tim Gott (Principal) $128,446 $0 $0
Keith Mcelveen (Vice Chairman) $0 $0 $0
Mark Bowden (Board Member) $0 $0 $0
Elizabeth Harris (Board Member) $0 $0 $0
Jean Chandler (Board Member) $0 $0 $0
Jack Moore (Chairperson) $0 $0 $0
Alys Campaigne (Secretary) $0 $0 $0
Walter Loiselle (Board Member) $0 $0 $0
Willaim Quantz (Treasurer) $0 $0 $0
Jennifer Albert (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 23, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,079,260
Expenses
$3,717,490
Net Income
$361,770
Net Assets
$889,827
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,996,136
98.0%
Program Services $44,502
1.1%
Investment Income $84
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $38,000
0.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $538
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $113,248
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,594,563
42.9%
Assets/Debt
Total Assets $9,725,053
Total Liabilities $8,835,226
Net Assets $889,827
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tim Gott (Principal) $125,249 $0 $0
Keith Mcelveen (Vice Chairman) $0 $0 $0
Mark Bowden (Board Member) $0 $0 $0
John Mcfarlane (Board Member) $0 $0 $0
Jean Chandler (Board Member) $0 $0 $0
Jack Moore (Chairperson) $0 $0 $0
Alys Campaigne (Secretary) $0 $0 $0
Walter Loiselle (Board Member) $0 $0 $0
Willaim Quantz (Treasurer) $0 $0 $0
Jennifer Albert (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 29, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,416,113
Expenses
$3,113,791
Net Income
$302,322
Net Assets
$528,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,303,358
96.7%
Program Services $110,595
3.2%
Investment Income $86
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,074
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $137,052
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,463,354
47.0%
Assets/Debt
Total Assets $9,429,736
Total Liabilities $8,901,679
Net Assets $528,057
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tim Gott (Principal) $119,597 $0 $0
Ralph E Taylor (Board Member) $0 $0 $0
Jean Chandler (Board Member) $0 $0 $0
Stephen Slifer (Board Member) $0 $0 $0
Alys Campaigne (Board Member) $0 $0 $0
Jack Moore (Chairperson) $0 $0 $0
Marilyn Schaffner (Secretary) $0 $0 $0
Mark Bowden (Board Member) $0 $0 $0
Rob Fifield (Treasurer) $0 $0 $0
Walter Loiselle (Board Member) $0 $0 $0
Tiffany Provence (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 2, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,729,543
Expenses
$2,939,400
Net Income
-$209,857
Net Assets
$225,735
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,690,756
98.6%
Program Services $20,273
0.7%
Investment Income $77
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,437
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $71,469
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,292,907
44.0%
Assets/Debt
Total Assets $10,546,321
Total Liabilities $10,320,586
Net Assets $225,735
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Tim Gott (Principal) $71,468 $0 $0
J Keith Mcelveen (Board Member) $0 $0 $0
Dr Jean Chandler (Secretary) $0 $0 $0
Win Gasperson (Board Member) $0 $0 $0
Stacey Lindbergh (Board Chair) $0 $0 $0
Jack Moore (Board Member) $0 $0 $0
Marilyn Schaffner (Board Member) $0 $0 $0
Victoria Gamble (Board Member) $0 $0 $0
Rob Fifield (Treasurer) $0 $0 $0
Dr Frank Budd (Board Member) $0 $0 $0
Dr Joshua Hutchins (Board Member) $0 $0 $0
Tilease Jenkins (Board Member) $0 $0 $0
Thomas Bailey (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 12, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,247,308
Expenses
$2,208,703
Net Income
$38,605
Net Assets
$435,592
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,099,844
93.4%
Program Services $146,978
6.5%
Investment Income $449
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $37
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,199,193
54.3%
Assets/Debt
Total Assets $571,468
Total Liabilities $135,876
Net Assets $435,592
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
J Keith Mcelveen (Board Member) $0 $0 $0
Dr Jean Chandler (Secretary) $0 $0 $0
Win Gasperson (Board Member) $0 $0 $0
Stacey Lindbergh (Board Chair) $0 $0 $0
Jack Moore (Board Member) $0 $0 $0
Marilyn Schaffner (Board Member) $0 $0 $0
Victoria Gamble (Board Member) $0 $0 $0
Rob Fifield (Treasurer) $0 $0 $0
Dr Frank Budd (Board Member) $0 $0 $0
Dr Joshua Hutchins (Board Member) $0 $0 $0
Tilease Jenkins (Board Member) $0 $0 $0
Thomas Bailey (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 2, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,976,504
Expenses
$1,726,016
Net Income
$250,488
Net Assets
$396,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,930,540
97.7%
Program Services $45,567
2.3%
Investment Income $397
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $913,361
52.9%
Assets/Debt
Total Assets $499,898
Total Liabilities $102,911
Net Assets $396,987

Document Links

990
Filed on Dec. 31, 2013

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,671,626
Expenses
$1,456,303
Net Income
$215,323
Net Assets
$146,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,632,069
97.6%
Program Services $39,288
2.4%
Investment Income $269
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $783,560
53.8%
Assets/Debt
Total Assets $324,103
Total Liabilities $177,604
Net Assets $146,499

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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