SCHERMCO FOUNDATION INC
CHARLOTTE,
North Carolina,
28208
EIN: 85-3967606
Educational Institutions and Related Activities
MISSION
To support leaders and organizations seeking to drive dramatic change in public education.
DEMOGRAPHIC
ADDRESS
809 WESTMERE AVE STE C # 146
28208
COUNTY
mecklenburg county, NC
ORGANIZATIONAL OVERVIEW & RANKINGS
SCHERMCO FOUNDATION INC is a based in CHARLOTTE, NC, focused on Educational Institutions and Related Activities causes , specifically Management & Technical Assistance. Established in February 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $285,672.00, this ranks 362,849 among 2,656,690 nonprofits nationally (Top 14%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 9,372 out of 80,207 organizations in NC (Top 12%).
In mecklenburg county, NC, the organization ranks 1,094 out of 10,149 nonprofits by assets (Top 11%), while locally in charlotte, it stands at 935 among 8,464 organizations (Top 11%).
The organization reported annual revenue of $245,546.00, ranking 261,897 nationally (Top 10%) and 7,639 in NC (Top 10%).
Within its specific NTEE classification (B02 - B: Educational Institutions and Related Activities), which includes 1,394 similar organizations, SCHERMCO FOUNDATION INC ranks 192 in assets (Top 14%) and 205 in revenue (Top 15%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B02: Management & Technical Assistance
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$245,546.00
FORM 990 REVENUE AMOUNT
$245,546.00
RULING DATE
02/2021
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$285,672.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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