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Charleston Educational Excellence Financing Corporation

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: Recreation, Sports, Leisure, Athletics / Sports Training Facilities, Agencies (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$37.4M (2023)

Expenses
$15.1M (2023)

Total Assets
$419M (2023)

Total Liabilities
$419M (2023)

Source: Form 990 tax filings from 2010 to 2023

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
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,432,849
Expenses
$15,073,732
Net Income
$22,359,117
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,334,167
99.7%
Investment Income $98,682
0.3%
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 $0
Assets/Debt
Total Assets $419,204,217
Total Liabilities $419,204,217
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Channa Williams Thru 3723 (Cfo) $0 $187,230 $40,970
Jacquelyn Carlen As Of 3823 (Interim Cfo) $0 $148,261 $61,091
Perry Leazer (President) $0 $0 $0
Susan Leadem (Vice Preside) $0 $0 $0
Charles Mcmanus (Treasurer) $0 $0 $0
Joseph Rackley (Secretary) $0 $0 $0
Alan Hopkins (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,554,719
Expenses
$16,056,992
Net Income
$21,497,727
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,552,424
100.0%
Investment Income $2,295
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 $0
Assets/Debt
Total Assets $445,444,768
Total Liabilities $445,444,768
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Donald Kennedy (Cfo) $0 $198,761 $51,102
Channa Williams (Deputy Cfo) $0 $54,718 $37,516
Perry Leazer (President) $0 $0 $0
Susan Leadem (Vice Preside) $0 $0 $0
Charles Mcmanus (Treasurer) $0 $0 $0
Joseph Rackley (Secretary) $0 $0 $0
Alan Hopkins (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,761,729
Expenses
$46,761,729
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,244,112
24.0%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $35,517,617
76.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $470,920,316
Total Liabilities $470,920,316
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Donald Kennedy (Cfo/Admin Of) $0 $193,004 $46,982
Perry Leazer (President) $0 $0 $0
Susan Leadem (Vice Preside) $0 $0 $0
Charles Mcmanus (Treasurer) $0 $0 $0
Joseph Rackley (Secretary) $0 $0 $0
Alan Hopkins (Member) $0 $0 $0
Channa Williams (Interim Cfo) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,668,925
Expenses
$21,668,925
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,668,925
100%
Program Services $0
Investment Income $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 $0
Assets/Debt
Total Assets $435,348,172
Total Liabilities $435,348,172
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Donald Kennedy (Cfo) $0 $188,899 $47,087
Perry Leazer (President) $0 $0 $0
Susan Leadem (Vice President) $0 $0 $0
Charles Mcmanus (Treasurer) $0 $0 $0
Joseph Rackley (Secretary) $0 $0 $0
Alan Hopkins (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,192,230
Expenses
$22,192,230
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,192,230
100%
Program Services $0
Investment Income $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 $0
Assets/Debt
Total Assets $452,985,000
Total Liabilities $452,985,000
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Perry Leazer (President) $0 $0 $0
Susan Leadem (Vice President) $0 $0 $0
Charles Mcmanus (Treasurer) $0 $0 $0
Joseph Rackley (Secretary) $0 $0 $0
Alan Hopkins (Member) $0 $0 $0
Donald Kennedy (Cfo) $0 $169,519 $57,488

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,393,480
Expenses
$22,393,480
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,393,480
100%
Program Services $0
Investment Income $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 $0
Assets/Debt
Total Assets $465,835,000
Total Liabilities $465,835,000
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Alan Hopkins (President) $0 $0 $0
Susan Leadem (Vice President) $0 $0 $0
Charles Mcmanus (Treasurer) $0 $0 $0
Joseph Rackley (Secretary) $0 $0 $0
Perry Leazer (Member) $0 $0 $0
Glenn Stiegman Jr (Cfo Through 6/30/17) $0 $88,961 $15,469
Donald Kennedy (Cfo As Of 1/16/18) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,623,740
Expenses
$22,623,740
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,614,179
100.0%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,561
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $486,235,000
Total Liabilities $486,235,000
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Alan Hopkins (President) $0 $0 $0
Susan Leadem (Vice President) $0 $0 $0
Charles Mcmanus (Treasurer) $0 $0 $0
Joseph Rackley (Secretary) $0 $0 $0
Perry Leazer (Member) $0 $0 $0
Abraham Keating (Member) $0 $0 $0
Michael Bobby (Cfoo And Acting Superintendent) $0 $100,491 $16,470
Glenn Stiegman Jr (Cfo) $0 $152,024 $37,331

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,814,975
Expenses
$22,814,975
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,814,975
100%
Program Services $0
Investment Income $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 $0
Assets/Debt
Total Assets $505,535,000
Total Liabilities $505,535,000
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Alan Hopkins (President) $0 $0 $0
Susan Leadem (Vice President) $0 $0 $0
Charles Mcmanus (Treasurer) $0 $0 $0
Joseph Rackley (Secretary) $0 $0 $0
Perry Leazer (Member) $0 $0 $0
Abraham Keating (Member) $0 $0 $0
Michael Bobby (Cfo And Acting Superintendent) $0 $210,683 $0
Glenn Stiegman Jr (Cfo) $0 $16,146 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,606,283
Expenses
$22,606,283
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,211,008
85.0%
Program Services $0
Investment Income $3,395,275
15.0%
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 $0
Assets/Debt
Total Assets $516,213,780
Total Liabilities $516,213,780
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Susan Leadem (Vice Pres) $0 $0 $0
Alan Hopkins (President) $0 $0 $0
Joe Rackley (Secretary) $0 $0 $0
Charlie Mcmanus (Treasurer) $0 $0 $0
Perry Leazer () $0 $0 $0
Abraham Keating () $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,410,324
Expenses
$26,410,324
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,595,210
96.9%
Program Services $0
Investment Income $815,114
3.1%
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 $0
Assets/Debt
Total Assets $569,755,280
Total Liabilities $569,755,280
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Susan Leadem (Vice Pres) $0 $0 $0
Alan Hopkins (President) $0 $0 $0
Joe Rackley (Secretary) $0 $0 $0
Charlie Mcmanus (Treasurer) $0 $0 $0
Perry Leazer () $0 $0 $0
Abraham Keating () $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,347,644
Expenses
$22,347,644
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,492,641
33.5%
Program Services $0
Investment Income $14,855,003
66.5%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $577,536,865
Total Liabilities $577,536,865
Net Assets $0

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,296,932
Expenses
$33,296,932
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,554,781
91.8%
Program Services $0
Investment Income $2,742,151
8.2%
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 $0
Assets/Debt
Total Assets $646,909,851
Total Liabilities $646,909,851
Net Assets $0

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,885,532
Expenses
$33,742,091
Net Income
-$30,856,559
Net Assets
$346,944,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,885,532
100%
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 $0
Assets/Debt
Total Assets $1,003,744,870
Total Liabilities $656,800,856
Net Assets $346,944,014

Document Links

Fiscal Year Ending June
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,986,010
Expenses
$34,048,661
Net Income
-$24,062,651
Net Assets
$337,521,325
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $9,986,010
100%
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 $0
Assets/Debt
Total Assets $1,017,163,402
Total Liabilities $679,642,077
Net Assets $337,521,325

Document Links

About 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 »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • 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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