South Carolina Education Futures
Also known as Carolus Online Academy
South Carolina Education Futures reported $20.4 million in revenue and $18.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.06 went to program services, $20.94 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. Government grants made up 100.0%. The highest compensation it reported for one person was $145,691 (EXECUTIVE DI). 1 person received more than $100,000 in reportable compensation. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $19MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 100.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $145,691 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.78% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCarolus online academy uses quality curriculum from k12 designed to let students find the learning style that works best for them, enabling them to find their own path to success. Each online classroom offers engaging and relevant lessons that build real-world skills based on the child's interests and abilities. Plus, starting in 6th greade, students prepare for their future with career exploration courses
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DI Director/trustee, officer, 40.00 hrs/week | $145,691 | $0 | $0 | $145,691 |
1 people received more than $100,000 in reportable compensation from South Carolina Education Futures (Part VII, line 2).
2 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Correct a figure or respond
Every number above is copied from South Carolina Education Futures's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for South Carolina Education Futures, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 South Carolina Education Futures spent in FY2025, $79.06 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Sugar Creek Charter SchoolCharlotte, NC · revenue $20M · programs 68.1% · FY2025
- Suncoast Preparatory AcademyNewport Beach, CA · revenue $20M · programs 77.2% · FY2025
- Center for Caregiver AdvancementLos Angeles, CA · revenue $20M · programs 94.0% · 2024
- Faces SFSan Francisco, CA · revenue $20M · programs 87.0% · FY2025
- William Monroe Rowlett Academy for Arts and CommunicationBradenton, FL · revenue $20M · programs 72.2% · FY2025
All education charities · Largest charities in South Carolina
Questions people ask
How much of South Carolina Education Futures's spending goes to programs?
In the fiscal year ending June 30, 2025, South Carolina Education Futures reported that 79.1% of its $18.6 million in expenses went to program services, 20.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does South Carolina Education Futures pay its top executive?
The largest total compensation South Carolina Education Futures reported for one person in the fiscal year ending June 30, 2025 was $145,691, for the role of EXECUTIVE DI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does South Carolina Education Futures get its money?
Of $20.4 million in revenue in the fiscal year ending June 30, 2025, 100.0% came from contributions and grants (including 100.0% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is South Carolina Education Futures a registered charity?
The IRS lists EIN 88-4271697 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349312450 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349312131 · read the filing
All filings for EIN 88-4271697: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.