Securing Assets for Education
107 E Main St, Moncks Corner, SC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $26,810,615 | $25,774,472 | $144,196 |
| FY2024 | $183,197,953 | $182,056,844 | $76,602 |
| FY2023 | $31,709,846 | $30,745,309 | -$290,932 |
| FY2022 | $22,813,552 | $22,099,883 | -$719,758 |
| FY2021 | $7,774,514 | $8,404,510 | -$690,041 |
| FY2020 | $9,509,622 | $9,557,999 | -$60,045 |
| FY2019 | $9,022,050 | $9,060,639 | -$11,669 |
| FY2018 | $15,308,334 | $15,308,334 | $0 |
| FY2017 | $15,299,911 | $15,299,911 | $0 |
| FY2016 | $10,022,715 | $10,022,715 | $0 |
| FY2015 | $9,608,240 | $9,608,240 | $0 |
| FY2014 | $14,840,029 | $14,840,029 | $0 |
| FY2013 | $14,857,075 | $14,857,075 | $0 |
| FY2012 | $14,951,300 | $14,951,300 | $0 |
Form 990 filings
The returns filed by Securing Assets for Education (EIN 20-0381906), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $26,489,265 | 99% |
| Other revenue | $321,350 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $25,774,472 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2025.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2025. That is higher than 93.1% of 72 Education organizations in SC.
- Net assets covered about 0.1 months of expenses at the end of the reporting year. That puts it in the 6th percentile among 874 Education organizations in SC.
- Total revenue was higher than 96.4% of 899 Education organizations in SC.
- Total revenue rose from $14,951,300 in FY2012 to $26,810,615 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2019, FY2020, FY2021).
- The highest revenue on record here is $183,197,953 in FY2024.
- Net assets grew from $0 to $144,196 between FY2012 and FY2025.
- Contributions and grants made up 90% of revenue in FY2012 and 0% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SECURING ASSETS FOR EDUCATION IS ORGANIZED EXCLUSIVELY TO CONSTRUCT AND RENOVATE BERKELEY COUNTY SCHOOL DISTRICT FACILITIES.
IRS status
| Ruling year | 2006 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B11 — Education (in SC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
Similar organizations
- Scago Educational Facilities Corporation for Pickens School Dis — Easley, SC · $22,003,623
- Citadel Foundation — Charleston, SC · $37,924,388
- Building Equity Sooner for Tomarrow — Greenville, SC · $14,194,205
- Christ Church Episcopal School — Greenville, SC · $44,124,234
- University of South Carolina School of Medicine Educational Trust — Columbia, SC · $44,237,810
- Limestone University — Gaffney, SC · $46,519,696
- Meeting Street Schools — Charleston, SC · $46,778,434
- Erskine College — Due West, SC · $47,967,931
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.