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(not so) Exceptional SC Board Approves 10% Checks

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At this point we do not know what or who to trust … The week before last we were told that 2nd semester scholarships were sent out to schools … last week we were told that just last Tuesday “the Board Of Directors Voted Unanimously to disburse 10% of the spring checks to each school…”, so which one is it? Were the checks sent out two weeks ago? Or approved last week?

Oh … and this … if you do some simple math, in order to cover all current scholarship recipients at ONLY 10% of each spring semester grant, you would still around $600,000 … So … how are they going to “dispense the money evenly across the schools” with less than $350,000 available??? Or were they able to raise additional $300,000 during the COVID-19 shutdown???

I personally reached out for comment to the head of the South Carolina Independent School Association (SCISA) … the organization representing the vast majority of schools in the program …. and also a board member for Exceptional SC. I asked “HOW” Exceptional SC was going to be able to FUND the 10% scholarships (approximately $550,000 +/-) if it does not appear they have CASH IN THE BANK??? I did say that I will be reporting to all our parents that I did not believe that there was enough funds for everyone to get already very limited check …   No response …

Dr. Jordan hired Chad … he represents most of the schools in the program … why no response?  This is not complicated.  Do you have the money … or are you “HOPING” to raise it in time???  Are we asking something unfair??? Here is Dr. Jordan’s contact info – I think you deserve to know!

Dr. Spencer Jordan
Executive Director
SC Association of Independent Schools
https://www.scisa.org/
803-535-4820 (office)
administration@scisa.org
sjordan@scisa.org

Be warned! Our guess is it will take a WHIIIILE to issue those 10% spring scholarship checks … although one thing (not so) Exceptional SC probably forgot about … once approved (on MARCH 24, 2020) … they HAVE TO within 30 DAYS issue the checks.  That’s the law!!! 

We will be watching … so stay tuned!!!

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For Parents

Parental Tax Credit – GET READY!!!

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It is finally here … the 2020 parental tax credit “race”!!!

Next FRIDAY, JANUARY 15TH … at 8:30AM sharp!!!

GET READY … and don’t be late.  We expect the entire $2 MILLION to be claimed within minutes!!!

YES … MINUTES … so prepare yourself and type fast.

THE PROCESS: The South Carolina Department of Revenue (SCDOR) will begin accepting applications for the 2020 Parental Refundable Tax Credit on January 15, 2021 at 8:30 a.m. A new tutorial is available to help you with the new submission process. Learn more below. 

What you need to know:

  • You must submit your Parental Refundable Credit application online using the SCDOR’s free and secure tax portal, MyDORWAY. The SCDOR will not accept paper, faxed, or emailed applications.
  • A new tutorial is available to show you how to submit your application through MyDORWAY. Prepare now by watching the tutorial.
  • Details about the application and the application process are available at dor.sc.gov/exceptional-sc.

What you need to do:

  • Sign up for MyDORWAY now so you’ll be ready to submit your application on January 15, 2021.
  • If you’re new to MyDORWAY, sign up information and tutorials are available at dor.sc.gov/MyDORWAY.

Questions about the 2020 Parental Refundable Credit? Contact the SCDOR at TaxTech@dor.sc.gov.


VIDEO TUTORIAL – HOW TO APPLY:

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For Parents

Exceptional SC Legal Status EXPIRED … AGAIN!!!

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Seriously … can this be happening again??? 

Granted, I am a tax attorney / CPA … so I think about these things all the time … and one of the VERY FIRST THINGS they teach us “tax people” is BEFORE YOUR CLIENT DONATES TO A NON-PROFIT … check their legal status.  If not all in order, and you let your client donate … it could be LEGAL MALPRACTICE!!!

First you check that the non-profit is actually an IRS approved 501(c)(3) nonprofit … and then you check the Secretary of State’s Office to verify the organization’s legal status is current.

(not so) Exceptional SCs Status?  EXPIRED … AGAIN!!!

Why, Why, Why???  Remember this from JANUARY 2020 … we mocked the incompetency back then … but no, the #FireTheBoard!!! at (not so) Exceptional SC let their legal status expire AGAIN!!! 

Board Malpractice!!!

Legal Status Expired in January 2020 & AGAIN in December 2020

This says it all … WE know how to FIX ALL OF THIS … but the (not so) Exceptional SC Board won’t do anything … won’t talk … won’t meet … just blame others.  STOP THE INSANITY!!!!

Jeff Davis, JD, MBA, CPA (GA)
Board Chairman
843-501-1842 (PKF Office)
843-901-8036 (cell)
info@palmettokidsFIRST.org

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For Parents

“Only” $63,115 Raised in November!!!

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Well, it is not getting any better.  (not so) Exceptional SC only raised $63,114.78 in November … another huge FAILURE!!!

In November 2019 … as bad as that year was … they raised $427,000. 

Donors have ZERO confidence in the Board at (not so) Exceptional SC … especially after they apparently let the now fired executive director Chad Connelly EMBEZZEL MONEY from the organization … from kids scholarships … and still trying to sweep it under the rug. 

Would you donate to these guys … or as a CPA tell your clients to donate to them?!?!?  It is NEVER going to get better with (not so) Exceptional SC!!!

It is not getting better folks … and the BOARD at (not so) Exceptional SC is still silent.
 

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