Passes our checks

Kingston Lake Education and Business Center Inc

EIN 27-5011293 · Loris, SC

Public records show a registered, tax-exempt organization in good standing.

What it says it does

The KLBEC works to enhance the economic development of Horry County nonprofits and small businesses.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 29 out of 100. Higher than 9% of charities in its peer group (human services, under $250k).

Reserves
4 of 35
Spendable reserves would cover 0.0 months of spending.
Debt
2 of 20
It owes 100% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 160% of income.
Income trend
15 of 15
Income rose 0% on the year before.
Spending floor
8 of 15
52% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 69 out of 100. Higher than 57% of charities in its peer group (human services, under $250k).

Independent board
5 of 25
0 of 10 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
0 of 5
Reports that it does not keep minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$42,510 spent. Unlock your childs creativity and nurture their physical well-being with the Klebc afterschool program. This enriching program offers a perfect blend of hands-on activities and outdoor adventures designed to engage young minds and energize their bodies. Our expert instructors guide children through various handwork projects, including crafting, state school required testing, and more, allowing them to explore their creativity while developing fine motor skills. Each session provides a safe and supportive environment where kids can express themselves and build confidence in their abilities. In addition to our indoor activities, we prioritize outdoor experiences to keep kids active and connected to nature. From running around engaging with their peers, Klebc program ensures that the children enjoy the benefits of fresh air and physical exercise. To top it all off, we provide nutritious snacks and meals, ensuring that every child is fueled for fun and learnin

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2023 for not filing returns for three years, and reinstated on May 15, 2023.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.