Nonprofit · EIN 42-1642871
CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION
Tax-exempt · CHARLESTON, SC 29401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $57,341,944 | $4,932,435 | $52,409,509 | $326,135,972 | $326,135,972 | $0 |
| June 30, 2024 | 990 | $44,961,319 | $12,804,716 | $32,156,603 | $373,840,087 | $373,840,087 | $0 |
| June 30, 2023 | 990 | $37,432,849 | $15,073,732 | $22,359,117 | $419,204,217 | $419,204,217 | $0 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $57,222,980
- Investment income
- $118,964
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $252,500
- Depreciation
- $2,323,360
- Program services (functional)
- $4,932,435
Balance sheet and other
- Total assets, start of year
- $373,840,087
- Total assets, end of year
- $326,135,972
- Total liabilities, end of year
- $326,135,972
- Net assets, end of year
- $0
- Gross receipts
- $57,341,944
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2004
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANIEL PRENTICE | CFO Officer | 0.15 | $0 | $186,359 | $51,126 |
| SUSAN LEADEM | PRESIDENT Trustee or director, Officer | 0.02 | $0 | $0 | $0 |
| CASDELL SINGLETON | VICE PRESIDE Trustee or director, Officer | 0.02 | $0 | $0 | $0 |
| CHARLES MCMANUS | TREASURER/SE Trustee or director, Officer | 0.02 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JACQUELYN CARLEN | INTERIM CFO Officer | 0.15 | $0 | $184,783 | $69,872 |
| DANIEL PRENTICE | CFO Officer | 0.15 | $0 | $0 | $0 |
| SUSAN LEADEM | PRESIDENT Trustee or director, Officer | 0.15 | $0 | $0 | $0 |
| CASDELL SINGLETON | VICE PRESIDE Trustee or director, Officer | 0.15 | $0 | $0 | $0 |
| CHARLES MCMANUS | TREASURER/SE Trustee or director, Officer | 0.15 | $0 | $0 | $0 |
| ALAN HOPKINS | MEMBER Trustee or director | 0.15 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHANNA WILLIAMS THRU 3723 | CFO Officer | 0.15 | $0 | $187,230 | $40,970 |
| JACQUELYN CARLEN AS OF 3823 | INTERIM CFO Officer | 0.15 | $0 | $148,261 | $61,091 |
| PERRY LEAZER | PRESIDENT Trustee or director, Officer | 0.15 | $0 | $0 | $0 |
| SUSAN LEADEM | VICE PRESIDE Trustee or director, Officer | 0.15 | $0 | $0 | $0 |
| CHARLES MCMANUS | TREASURER Trustee or director, Officer | 0.15 | $0 | $0 | $0 |
| JOSEPH RACKLEY | SECRETARY Trustee or director, Officer | 0.15 | $0 | $0 | $0 |
| ALAN HOPKINS | MEMBER Trustee or director | 0.15 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 75 CALHOUN STREET, CHARLESTON, SC 29401-3538
- In care of
- % DANIEL T PRENTICE
- Principal officer (990 for 2024)
- DANIEL PRENTICE, 75 CALHOUN STREET, CHARLESTON, SC 29401
- Signed the 990
- DANIEL PRENTICE, CFO
- Phone
- (843) 566-8198
- Return prepared by
- GREENE FINNEY CAULEY LLP
Mission
THE SPECIFIC PURPOSES OF THE CORPORATION SHALL BE TO (1) ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, IMPROVE, MAINTAIN, OPERATE, MANAGE, LEASE AND DISPOSE OF SCHOOL BUILDINGS AND OTHER PUBLIC EDUCATION FACILITIES FOR THE USE AND BENEFIT OF THE SCHOOL DISTRICT AND (2) ENCOURAGE AND PROMOTE PUBLIC EDUCATION THROUGH COOPERATIVE ARRANGEMENTS WITH GOVERNMENTAL ENTITIES AND ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) OF THE CODE THAT PROVIDE PUBLIC EDUCATION IN CHARLESTON COUNTY, SOUTH CAROLINA.
Program accomplishments
- DURING FY25, THE CORPORATION CONTINUED TO ASSIST THE SCHOOL DISTRICT IN SERVICING THE DEBT ON A NUMBER OF DISTRICT FACILITIES.Expenses $4,932,435 · revenue $57,222,980
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1642871
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N40)
- Assets (IRS master file)
- $326,135,972
- Income (IRS master file)
- $57,341,944
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $57,341,944 | $4,932,435 | $326,135,972 | XML |
| 990 | June 2024 | $44,961,319 | $12,804,716 | $373,840,087 | XML |
| 990 | June 2023 | $37,432,849 | $15,073,732 | $419,204,217 | XML |
| 990 | June 2022 | $37,554,719 | $16,056,992 | $445,444,768 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 42-1642871).
Questions about CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION
- What is the EIN of CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION?
- The employer identification number (EIN) of CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION is 42-1642871.
- Is CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION 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 CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION 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 CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION 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 CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION?
- The 990 for the year ended June 30, 2025 names DANIEL PRENTICE.
- Who are the officers and directors of CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $57,341,944, expenses of $4,932,435 and total assets of $326,135,972 at year end.
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