EIN 26-2530146

Academic Magnet Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
Year formed
2014
Most recent tax filings
2023-07-01
NTEE code, primary
Description
The Academic Magnet Foundation exists to safeguard the mission of Academic Magnet High School with readily available financial backing and human capital to ensure that its students are prepared to thrive in an increasingly competitive global community. Its mission is accomplished through providing funding for classroom/faculty needs/curriculum enrichment/college prep enhancement services. Additionally, the foundation offers support to the Parents and Teachers 501c3 organization: Partners in Education.
Total revenues
$75,006
2023
20192020202120222023$0$40k$80k
Total expenses
$85,171
2023
20192020202120222023$0$40k$80k
Total assets
$206,723
2023
20192020202120222023$0$0.2m
Num. employees
n/a

Who funds Academic Magnet Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
AmazonSmile FoundationGeneral Support$265

Personnel at Academic Magnet Foundation

NameTitleCompensation
Jacob PerimutterPrincipal$0
Jason DaigleBoard Chair$0

Financials for Academic Magnet Foundation

RevenuesFYE 07/2023
Total grants, contributions, etc.$74,658
Program services$0
Membership dues$0
Investment income and dividends$4,044
Net gain from sale of non-inventory assets$100
Net income from gaming activities and fundraising events, combined$-3,796
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$75,006

Form 990s for Academic Magnet Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-072024-01-15990EZView PDF
2022-072022-12-08990EZView PDF
2021-072021-11-17990EZView PDF
2020-072021-06-03990EZView PDF
2019-072020-06-27990EZView PDF
...and 5 more Form 990s
Data update history
May 23, 2024
Updated personnel
Identified 8 new personnel
November 25, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
July 5, 2023
Updated personnel
Identified 4 new personnel
June 27, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
May 31, 2023
Updated personnel
Identified 6 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Partially liquidatedTax deductible donationsNo full-time employees
General information
Address
5109-a W Enterprise St
North Charleston, SC 29405
Metro area
Charleston-North Charleston, SC
County
Charleston County, SC
Phone
(843) 722-7330
IRS details
EIN
26-2530146
Fiscal year end
July
Taxreturn type
Form 990-EZ
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B84: Alumni Associations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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