Nonprofit · EIN 27-0428854
HIGHER EDUCATION TR INC
Tax-exempt (reinstated) · BEAUFORT, SC 29902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,203,845 | $1,194,320 | $9,525 | $12,803,835 | $11,637,670 | $1,166,165 |
| December 31, 2024 | 990 | $1,141,420 | $1,028,192 | $113,228 | $12,612,406 | $11,455,766 | $1,156,640 |
| December 31, 2023 | 990 | $1,122,614 | $933,222 | $189,392 | $12,017,372 | $11,016,600 | $1,000,772 |
| December 31, 2021 | 990 | $967,106 | $767,639 | $199,467 | $11,561,017 | $11,215,546 | $345,471 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,196,161
- Investment income
- $7,684
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $205,750
- Accounting fees
- $7,950
- Occupancy
- $79,026
- Depreciation
- $317,836
- Program services (functional)
- $1,194,320
Balance sheet and other
- Total assets, start of year
- $12,612,406
- Total assets, end of year
- $12,803,835
- Total liabilities, end of year
- $11,637,670
- Net assets, end of year
- $1,166,165
- Land, buildings and equipment
- $12,543,252
- Net assets without donor restrictions
- $1,166,165
- Gross receipts
- $1,203,845
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2000
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDY KINGHORN | DIRECTOR Trustee or director | – | $0 |
| ANNA PONDER | DIRECTOR Trustee or director | – | $0 |
| RICHARD H STEWART | CHAIR Trustee or director, Officer | – | $0 |
| COURTNEY WORRELL | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDY KINGHORN | DIRECTOR Trustee or director | – | $0 |
| ANNA PONDER | DIRECTOR Trustee or director | – | $0 |
| RICHARD H STEWART | CHAIR Trustee or director, Officer | – | $0 |
| COURTNEY WORRELL | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDY KINGHORN | DIRECTOR Trustee or director | – | $0 |
| ANNA PONDER | DIRECTOR Trustee or director | – | $0 |
| RICHARD H STEWART | CHAIR Trustee or director, Officer | – | $0 |
| COURTNEY WORRELL | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2021: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDY KINGHORN | DIRECTOR Trustee or director | – | $0 |
| ANNA PONDER | DIRECTOR Trustee or director | – | $0 |
| RICHARD H STEWART | CHAIR Trustee or director, Officer | – | $0 |
| COURTNEY WORRELL | SECRETARY Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 2015 BOUNDARY ST STE 300, BEAUFORT, SC 29902-6805
- In care of
- % RICHARD H STEWART
- Mailing address (990-N for 2018)
- 2015 BOUNDARY STREET STE 300, BEAUFORT SC 29902
- Principal officer (990 for 2025)
- RICHARD H STEWART, 2015 BOUNDARY ST STE 300, BEAUFORT, SC 29902
- Principal officer (990-N for 2018)
- RICHARD H STEWART, 2015 BOUNDARY ST STE 300, BEAUFORT SC 29902
- Signed the 990
- RICHARD H STEWART, CHAIR
- Phone
- (843) 379-9000
- Return prepared by
- CROWLEY WECHSLER & ASSOCIATES LLC
Mission
THE HIGHER EDUCATION TRUST, INC. IS A NON-PROFIT WHOSE MISSION IS TO SUPPORT HIGHER EDUCATION GROWTH IN BEAUFORT COUNTY. CURRENT EFFORTS ARE FOCUSED, BUT NOT LIMITED TO, SUPPORTING USCB.
Program accomplishments
- THE HIGHER EDUCATION TRUST, INC. IS A NON-PROFIT WHOSE MISSION IS TO SUPPORT HIGHER EDUCATION GROWTH IN BEAUFORT COUNTY. CURRENT EFFORTS ARE FOCUSED, BUT NOT LIMITED TO, SUPPORTING USCB.Expenses $1,194,320 · revenue $1,196,161
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0428854
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $12,803,835
- Income (IRS master file)
- $1,203,845
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- May 27, 2017
- Reinstated
- Effective April 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,203,845 | $1,194,320 | $12,803,835 | XML |
| 990 | December 2024 | $1,141,420 | $1,028,192 | $12,612,406 | XML |
| 990 | December 2023 | $1,122,614 | $933,222 | $12,017,372 | XML |
| 990 | December 2022 | $1,241,821 | $775,911 | $11,868,773 | IRS |
| 990 | December 2021 | $967,106 | $767,639 | $11,561,017 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: RICHARD H STEWART | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0428854).
Questions about HIGHER EDUCATION TR INC
- What is the EIN of HIGHER EDUCATION TR INC?
- The employer identification number (EIN) of HIGHER EDUCATION TR INC is 27-0428854.
- Is HIGHER EDUCATION TR INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective April 15, 2017.
- Are donations to HIGHER EDUCATION TR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HIGHER EDUCATION TR INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HIGHER EDUCATION TR INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HIGHER EDUCATION TR INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HIGHER EDUCATION TR INC?
- The 990 for the year ended December 31, 2025 names RICHARD H STEWART.
- Who are the officers and directors of HIGHER EDUCATION TR INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does HIGHER EDUCATION TR INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,203,845, expenses of $1,194,320 and total assets of $12,803,835 at year end.
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