Small Public Charity

ACADEMIC MAGNET FOUNDATION

ACADEMIC MAGNET FOUNDATION is a Small Public Charity headquartered in NORTH CHARLESTON, SC. Financial data from the 2025 filing: $97K revenue, $79K expenses, $248K total assets. 2 publicly reported grants to this organization, totaling roughly $27K, appear in IRS filings.

EIN: 262530146 NORTH CHARLESTON, SC Latest filing: 2025
Total Revenue$97K
Total Expenses$79K
Total Assets$248K
Grant Records2
Funding Total$27K
Filing Years2020–2025

Mission

THE ACADEMIC MAGNET FOUNDATION (AMF) EXISTS TO SAFEGUARD THE MISSION OF ACADEMIC MAGNET HIGH SCHOOL (AMHS) WITH READILY AVAILABLE FINANCIAL BACKING AND HUMAN CAPITAL TO ENSURE THAT ITS STUDENTS ARE PREPARED TO THRIVE IN AN INCREASINGLY COMPETITIVE GLOBAL COMMUNITY. ACADEMIC MAGNET HIGH SCHOOL SEEKS TO DELIVER A RIGOROUS CURRICULUM, STATE-OF-THE-ART FACILITIES AND AN ENGAGING, COMMITTED FACULTY TO FOSTER LOVE OF SCHOLARSHIP, LEADERSHIP AND SOCIAL RESPONSIBILTY. BY PLANNING FOR AND RESPONDING TO THE DYNAMIC NEEDS OF OUR STUDENTS AND FACULTY, THE FOUNDATION'S VISION IS TO PRESERVE THE LONG-TERM EXCELLENCE OF THE AMHS COMMUNITY BY SUPPORTING LEADING-EDGE ACADEMIC AND ARTS ENRICHMENT OPPORTUNITIES AND PREPARE OUR STUDENTS TO BECOME SUCCESSFUL AND PRODUCTIVE CITIZENS OF THE WORLD. THE AMF'S RESOURCES, INCLUDING COMMUNITY AND BUSINESS PARTNERSHIPS, WILL PROVIDE DISCRETIONARY CAPITAL INDEPENDENT OF BUT TRANSPARENT TO THE CHARLESTON COUNTY SCHOOL DISTRICT.

Officers & Directors

BOARD MEMBER Ashley Warnock
TREASURER Chad Tippey
BOARD CHAIR Charles Claus
BOARD MEMBER Daniel Flessas
PRINCIPAL Jacob Perimutter
SECRETARY Jenny Heichelbech

Officer compensation and complete director data available with membership.

Top Grant Purposes

EDUCATION
$26,821 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $97K $79K $248K
2024 $77K $69K $224K
2023 $75K $85K $207K
2021 $40K $36K $216K
2020 $82K $30K $192K

Between 2020 and 2025, reported annual revenue grew from $82K to $97K (+19%), with total assets most recently reported at $248K.

Interactive year-over-year charts and full filing details available with membership.

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