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Nonprofit · EIN 27-2409627

PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC

Also known as PALM

Tax-exempt · CONWAY, SC 29526

Financials

$3M$2.8M2022$2.9M$3.2M2023$3.1M$3.1M2024
Revenue Expenses · by fiscal year end
Financials of PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,095,230$3,064,639$30,591$5,526,513$4,928,576$597,937
June 30, 2024990$2,919,565$3,173,061-$253,496$5,726,064$5,174,983$551,081
June 30, 2023990$3,021,585$2,791,676$229,909$6,037,732$5,276,214$761,518
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,989,350
of which government grants
$2,880,250
Program service revenue
$90,736
Investment income
$4,344
Net rental income
$10,800
Other revenue
$10,800

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,587,873
Salaries, compensation and benefits (total)
$1,980,900
Professional fundraising fees
$0
Legal fees
$59,512
Occupancy
$117,419
Depreciation
$186,048
Program services (functional)
$2,749,998
Management and general (functional)
$314,641

Balance sheet and other

Total assets, start of year
$5,726,064
Total assets, end of year
$5,526,513
Total liabilities, end of year
$4,928,576
Net assets, end of year
$597,937
Land, buildings and equipment
$4,434,214
Net assets without donor restrictions
$1,011,034
Net assets with donor restrictions
-$413,097
Gross receipts
$3,095,230
Employees
34
Year formed
2012
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
WALTER AKINMEMBER
Trustee or director
2$0
AUDREY BRLETICHMEMBER
Trustee or director
2$0
RAYMOND HICKSCHAIRMAN
Trustee or director, Officer
2$0
DAWN JEWELLMEMBER
Trustee or director
2$0
JOANN LUYSTERSECRETARY
Trustee or director, Officer
2$0
WOODY MARTINMEMBER
Trustee or director
2$0
ROXANNE SEADATHMEMBER
Trustee or director
2$0
CEDRIC BROWNPRINCIPAL
Officer
40$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
JOHN MOOREPREVIOUS PRI
Trustee or director, Officer
40$89,326
WALT AKINMEMBER
Trustee or director
1$0
RAY HICKSCHAIR
Trustee or director, Officer
2$0
DAWN JEWELLMEMBER
Trustee or director
1$0
JOANN LUYSTERSECRETARY
Trustee or director, Officer
1$0
WOODY MARTINVICE CHAIR
Trustee or director, Officer
1$0
JEFF PETERSONCURRENT PRIN
Officer
0.15$0
990 for the year ended June 30, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
JOHN A MOOREPRINCIPAL
Officer
40$84,246$5,858
JOHN ROSADOMEMBER
Trustee or director
1$0$0
WOODY MARTINMEMBER
Trustee or director
1$0$0
RAYMOND HICKSMEMBER
Trustee or director
1$0$0
GIZELLA STUDWELLMEMBER
Trustee or director
1$0$0
WALTER AKINMEMBER
Trustee or director
1$0$0
KRISTIN MCCLELLANCHAIRMAN
Trustee or director, Officer
1$0$0
DAWN JEWELLSECRETARY
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
826 W COX FERRY RD, CONWAY, SC 29526-8510
In care of
% KELLEY MUSER CONSULTING
Principal officer (990 for 2024)
CEDRIC BROWN, 826 WEST COX FERRY ROAD, CONWAY, SC 29526
Signed the 990
CEDRIC BROWN, PRINCIPAL
Phone
(843) 903-6600
Website
PALMSC.ORG
Return prepared by
UHY ADVISORS MID-ATLANTIC INC

Mission

THE PALMETTO ACADEMY FOR LEARNING MOTORSPORTS, INC. (PALM) MISSION IS TO FOCUS THE INDIVIDUAL LEARNER ON DEVELOPING THEIR ACADEMIC AND SKILLS TRAINING INTO CAREER, SOCIAL, AND ACADEMIC GOALS THROUGH THE DEVELOPMENT OF SUPPORTIVE RELATIONSHIPS THAT FOSTER INDIVIDUAL RESPONSIBILITY AND ACCOUNTABILITY THROUGH A COMPREHENSIVE RIGOROUS ACADEMIC AND COMPETENCY- BASED CURRICULUM. THE PALMETTO ACADEMY FOR LEARNING MOTORSPORTS CHARTER SCHOOL, INC. (PALM) PROVIDES AN INNOVATIVE ENVIRONMENT FOR SUCCESS THROUGH A RIGOROUS, HIGH- QUALITY ACADEMIC CHARTER HIGH-SCHOOL PROGRAM THAT BLENDS WITH A COMPETENCY-BASED CURRICULUM PERTAINING TO THE MOTORSPORTS INDUSTRIES.

990 for the year ended June 30, 2025

Program accomplishments

  • PALM IS A VOCATIONAL HIGH SCHOOL THAT COLLABORATES WITH STUDENTS, FAMILIES, AND THE COMMUNITY TO SUCCESSFULLY EDUCATE ALL STUDENTS IN ORDER TO PREPARE THEM FOR THEIR CHOSEN CAREER AND TEACH THEM HOW TO BECOME PRODUCTIVE, SELF-SUPPORTING CITIZENS. STUDENTS PARTICIPATE IN EITHER MOTORSPORTS TECHNOLOGY, WELDING TECHNOLOGY, AUTO COLLISION TECHNOLOGY, OR GRAPHICS. OUR VOCATIONAL STAFF BRING YEARS OF EXPERIENCE IN THEIR FIELDS AND HAVE SUCCESSFULLY PLACED STUDENTS IN JOBS RELATED TO PALM VOCATIONAL PROGRAMS.
    Expenses $2,749,998 · revenue $90,736

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
27-2409627
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$5,526,513
Income (IRS master file)
$3,095,230

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,095,230$3,064,639$5,526,513IRS
990June 2024$2,919,565$3,173,061$5,726,064IRS
990June 2023$3,021,585$2,791,676$6,037,732XML
990June 2022$3,296,295$2,735,941$6,021,291IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

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 27-2409627).

Questions about PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC

What is the EIN of PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC?
The employer identification number (EIN) of PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC is 27-2409627.
Is PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PALMETTO ACADEMY FOR LEARNING MOTORSPORTS 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 PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC?
The 990 for the year ended June 30, 2025 names CEDRIC BROWN.
Who are the officers and directors of PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does PALMETTO ACADEMY FOR LEARNING MOTORSPORTS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,095,230, expenses of $3,064,639 and total assets of $5,526,513 at year end.

Other nonprofits in CONWAY

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