SPARTANBURG ACADEMIC MOVEMENT

EIN: 452104341 501(c)(3) Education

SPARTANBURG, SC

Total Revenue
$9,499,656
Total Expenses
$2,456,051
Total Assets
$10,641,535
Net Assets
$10,411,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
SC
Principal Officer
DR RUSSELL BOOKER
Phone
8645735804
Tax Period
2023-01-01 to 2023-12-31

SPARTANBURG ACADEMIC MOVEMENT, founded in 2010, is a community nonprofit in the Education sector that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 694% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 74% operating margin.

Mission

SPARTANBURG ACADEMIC MOVEMENT IS AN "ALL-IN" PARTNERSHIP OF SCHOOLS AND COLLEGES, BUSINESSES, GOVERNMENTS, FOUNDATIONS, FAITH COMMUNITIES AND INDIVIDUALS ACROSS SPARTANBURG COUNTY IN PURSUIT OF HIGH LEVELS OF EDUCATIONAL ACHIEVEMENT. THE COLLECTIVE MISSION IS WE ENSURE SPARTANBURG COUNTY'S CHILDREN AND YOUTH REACH ACADEMIC AND LIFE SUCCESS BY CONVENING PARTNERS, ALIGNING RESOURCES AND DRIVING EQUITY.

Program Service Accomplishments

Program 1
Expenses: $2,313,336

THE HISTORY AND A DETAILED DESCRIPTION OF SAM'S PROGRAM ACCOMPLISHMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE: WWW.LEARNWITHSAM.ORG. THE SPARTANBURG ACADEMIC MOVEMENT (SAM) IS BOTH A NON-PROFIT...

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THE HISTORY AND A DETAILED DESCRIPTION OF SAM'S PROGRAM ACCOMPLISHMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE: WWW.LEARNWITHSAM.ORG. THE SPARTANBURG ACADEMIC MOVEMENT (SAM) IS BOTH A NON-PROFIT ORGANIZATION AND A COLLABORATIVE IMPACT MOVEMENT TO IMPROVE THE ECONOMIC MOBILITY OF SPARTANBURG COUNTY RESIDENTS, ANCHORED IN ACADEMIC ACHEIVEMENT, CRADLE THROUGH CAREER. SAM WAS FORMED IN 2013, COMBINING THE WORK OF THE CHILDREN'S SERVICES ALLIANCE AND THE COLLEGE HUB TO CREATE THE CRADLE THROUGH CAREER PERSPECTIVE FOR COMMUNITY BUILDING AND ACTION. SAM WORKS TO ENSURE THAT CHILDREN AND YOUTH REACH ACADEMIC AND LIFE SUCCESS BY CONVENING PROGRAM AND SERVICE DELIVERY PARTNERS, ALIGNING RESOURCES, AND DRIVING EQUITY ACROSS ACHIEVEMENT INDICATORS. SAM SPECIFICALLY MONITORS ACADEMIC ACHIEVEMENT INDICATORS: KINDERGARTEN READINESS, THIRD GRADE READING, EIGHTH GRADE MATH, COLLEGE/CAREER-READY HIGH SCHOOL GRADUATION, POSTSECONDARY ENROLLMENT, AND POSTSECONDARY PERSISTENCE AND COMPLETION. SAM PUBLISHED COUNTYWIDE ACHIEVEMENT DATA, DISAGGREGATED BY RACE/ETHNICITY, GENDER AND SOCIO-ECONOMIC STATUS INDICATORS TO DRIVE EQUITY. TO DATE, SAM HAS BUILT COLLABORATIVE ACTION/COLLECTIVE IMPACT PARTNERSHIPS WITH WELL OVER 150 PROGRAM AND SERVICE PROVIDERS ACROSS THE MANY SECTORS IMPACTING CHILDREN, YOUTH, AND FAMILIES: ACADEMIC/SCHOOLS, HEALTHCARE, SOCIAL SERVICES AND SUPPORTS, GOVERNMENT AND HOUSING AGENCIES. WE ENGAGE THESE PARTNERS WITH ONE ANOTHER AND OUR DATA TO IMPLEMENT ACTION PLANS THAT RESPOND DIRECTLY TO THE NEEDS OF THE CHILDREN/FAMILIES/COMMUNITIES WE SERVE. WE USE THE STRIVETOGETHER (WWW.STRIVETOGETHER.ORG) IMPACT MODEL AND THEORY OF ACTION TO GUIDE THE PROCESS. SAM OFFERS TRAINING IN CONTINUOUS IMPROVEMENT PRACTICES THROUGH ITS WARDLAW INSTITUTE FOR CONTINUOUS IMPROVEMENT, PROVIDING PARTNERS A DATA-DRIVEN APPROACH FOR TRACKING IMPACT AND GUIDING FUTURE ACTION PLANNING. SAM ALSO OFFERS TRAINING THROUGH THE CENTER FOR RESILIENT SCHOOLS AND COMMUNITIES BY WORKING WITH SPARTANBURG COUNTY FAMILIES, SCHOOLS, AND COMMUNITIES TO BUILD SUPPORTS AND SYSTEMS THAT INCREASE CHILDREN'S SUCCESS, PARTICULARLY IN NEIGHBORHOODS WHERE EDUCATIONAL DISPARITIES EXIST.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,338,640
Program Service Revenue $39,300
Investment Income $121,716
Other Revenue $0
TOTAL REVENUE $9,499,656

Expense Breakdown

Grants Paid $303,108
Salaries & Benefits $842,760
Fundraising Expenses $58,934
Program Expenses $2,313,336
Other Expenses $1,310,183
TOTAL EXPENSES $2,456,051

Year-over-Year Comparison

2023 2022 Change
Revenue $9,499,656 $1,196,776 +6.9%
Expenses $2,456,051 $2,147,532 +0.1%
Net Income $7,043,605 $-950,756 -8.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
14
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$165,200
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR RUSSELL BOOKER CHIEF EXEC O 40.00
Officer
$160,000 $5,200 $165,200
DR DARRYL OWINGS VICE-CHAIR N/A
Officer Director
$0 $0 $0
DR INGO ANGERMEIER TREASURER N/A
Officer Director
$0 $0 $0
MR WILLIAM BARNET III INTERIM BOAR N/A
Officer Director
$0 $0 $0
KATHY DUNLEAVY DIRECTOR N/A
Director
$0 $0 $0
TROY HANNA DIRECTOR N/A
Director
$0 $0 $0
TODD STEPHENS DIRECTOR N/A
Director
$0 $0 $0
PAIGE STEPHENSON DIRECTOR N/A
Director
$0 $0 $0
MOLLY TALBOT-METZ DIRECTOR N/A
Director
$0 $0 $0
SHAUNTE' EVANS DIRECTOR N/A
Director
$0 $0 $0
PHIL FEISAL DIRECTOR N/A
Director
$0 $0 $0
B COLE ALVERSON DIRECTOR N/A
Director
$0 $0 $0
DR RANDALL GARY DIRECTOR N/A
Director
$0 $0 $0
ARACELI HERNANDEZ-LAROCHE DIRECTOR N/A
Director
$0 $0 $0
AVI LAWRENCE DIRECTOR N/A
Director
$0 $0 $0
DR KIRA REAVES SECRETARY N/A
Officer Director
$0 $0 $0
DR MICHAEL MIKOTA DIRECTOR N/A
Director
$0 $0 $0
ALLEN SMITH DIRECTOR N/A
Director
$0 $0 $0
DR JOHN STOCKWELL DIRECTOR N/A
Director
$0 $0 $0
DR BENNIE HARRIS DIRECTOR N/A
Director
$0 $0 $0
SUSU JOHNSON EMERITUS N/A
Director
$0 $0 $0
CATHERINE BASS BLACK DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $9,499,656 $2,456,051 $10,641,535 $7,043,605
2022 $1,196,776 $2,147,532 $3,607,129 $-950,756
2021 $3,165,814 $3,509,478 $4,955,067 $-343,664
2020 $4,324,107 $1,001,516 $4,687,889 $3,322,591
2020 $4,324,107 $1,001,516 $4,687,889 $3,322,591
2019 $1,346,757 $912,693 $1,261,466 $434,064
2018 $632,002 $649,992 $877,402 $-17,990
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