Civic Intelligence

Francis Marion University Development Foundation

990 • Fiscal year 2015 • EIN 20-0118161

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 29, 2016

Organization ProfileNA
PO Box 100547Florence, SC 29502-0547

(843) 661-1131

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

3.63x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

28th percentile

$168,431

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

42nd percentile

0.2%

Faster asset growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

42nd percentile

1.8%

Faster revenue growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$28,702,504

Up $60,743 (+0.2%) from 2014

Net Assets

Up

$5,489,706

Up $690,643 (+14%) from 2014

Liabilities

Down

$23,212,798

Down $629,900 (-2.6%) from 2014

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin68th percentile

Revenue

Up

$6,400,466

Up $116,178 (+1.8%) from 2014

Expenses

Up

$5,709,823

Up $247,366 (+4.5%) from 2014

Net Income

Down

$690,643

Down $131,188 (-16%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2012: $27,848,221Liabilities 2012: $25,096,337Net Assets 2012: $2,751,8842012Assets 2013: $28,461,810Liabilities 2013: $24,484,578Net Assets 2013: $3,977,2322013Assets 2014: $28,641,761Liabilities 2014: $23,842,698Net Assets 2014: $4,799,0632014Assets 2015: $28,702,504Liabilities 2015: $23,212,798Net Assets 2015: $5,489,7062015Assets 2016: $28,206,119Liabilities 2016: $22,550,460Net Assets 2016: $5,655,6592016Assets 2017: $25,591,221Liabilities 2017: $20,970,321Net Assets 2017: $4,620,9002017Assets 2018: $26,266,973Liabilities 2018: $20,166,560Net Assets 2018: $6,100,4132018Assets 2019: $26,314,567Liabilities 2019: $19,922,472Net Assets 2019: $6,392,0952019Assets 2020: $26,120,149Liabilities 2020: $18,653,073Net Assets 2020: $7,467,0762020Assets 2021: $27,042,578Liabilities 2021: $17,944,751Net Assets 2021: $9,097,8272021Assets 2022: $27,512,259Liabilities 2022: $16,959,251Net Assets 2022: $10,553,0082022Assets 2023: $27,620,215Liabilities 2023: $16,047,870Net Assets 2023: $11,572,3452023Assets 2024: $27,833,235Liabilities 2024: $15,081,267Net Assets 2024: $12,751,9682024Assets 2025: $27,097,598Liabilities 2025: $14,090,848Net Assets 2025: $13,006,7502025

Highlighted filing

2015

Assets$28,702,504
Liabilities$23,212,798
Net Assets$5,489,706
Open 2015 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2012: $6,217,531Expenses 2012: $7,243,151Net Income 2012: -$1,025,6202012Revenue 2013: $6,399,236Expenses 2013: $5,173,888Net Income 2013: $1,225,3482013Revenue 2014: $6,284,288Expenses 2014: $5,462,457Net Income 2014: $821,8312014Revenue 2015: $6,400,466Expenses 2015: $5,709,823Net Income 2015: $690,6432015Revenue 2016: $6,603,823Expenses 2016: $6,286,013Net Income 2016: $317,8102016Revenue 2017: $6,580,229Expenses 2017: $7,614,988Net Income 2017: -$1,034,7592017Revenue 2018: $6,832,862Expenses 2018: $5,353,349Net Income 2018: $1,479,5132018Revenue 2019: $6,198,317Expenses 2019: $5,754,171Net Income 2019: $444,1462019Revenue 2020: $6,292,316Expenses 2020: $5,217,335Net Income 2020: $1,074,9812020Revenue 2021: $6,587,347Expenses 2021: $4,956,596Net Income 2021: $1,630,7512021Revenue 2022: $6,663,284Expenses 2022: $5,208,103Net Income 2022: $1,455,1812022Revenue 2023: $6,730,208Expenses 2023: $5,710,871Net Income 2023: $1,019,3372023Revenue 2024: $7,096,786Expenses 2024: $5,917,163Net Income 2024: $1,179,6232024Revenue 2025: $7,752,335Expenses 2025: $7,497,554Net Income 2025: $254,7812025

Highlighted filing

2015

Revenue$6,400,466
Expenses$5,709,823
Net Income$690,643
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 29, 2016
Return Version
2014v6.0
Gross Receipts
$6,400,466
Mission and Program Overview

Mission

The foundation is organized and operated exclusively for the benefit of francis marion university, specifically in management of student housing, other real property, and acceptance of gifts and other support as agreed upon by the foundation's board of directors and the university.

The Foundation is organized and operated exclusively for the benefit of Francis Marion University specifically in management of student housing, other real property, and acceptance of gifts and other support as agreed upon by the Foundations Board of Directors and the University

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,732,243$14,270,054▼ $462,189
Savings and Temporary Cash Investments$7,632,678$7,781,268▲ $148,590
Prepaid Expenses and Deferred Charges$2,738,309$2,668,110▼ $70,199
Cash and Non-Interest-Bearing Accounts$1,737,699$2,551,940▲ $814,241
Accounts Receivable$213,157$185,036▼ $28,121
Total Assets$28,641,761$28,702,504▲ $60,743
Other Assets Total$1,587,675$1,246,096▼ $341,579
Liabilities
Tax Exempt Bond Liabilities$23,263,318$22,673,276▼ $590,042
Accounts Payable and Accrued Expenses$447,880$404,886▼ $42,994
Deferred Revenue$131,500$134,636▲ $3,136
Total Liabilities$23,842,698$23,212,798▼ $629,900
Net Assets / Fund Balance
Unrestricted Net Assets$4,799,063$5,489,706▲ $690,643
Total Net Assets Fund Balance$4,799,063$5,489,706▲ $690,643
Total Liabilities and Net Assets / Fund Balance$28,641,761$28,702,504▲ $60,743

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,572,008$3,970,147$17,542,155
Leasehold Improvements$456,023$116,292$572,315
Equipment-$391,915$391,915
Land$232,021-$232,021
Other Land Buildings$10,002$9,998$20,000
Compensation and Service Providers
Top Officer Pay28th percentile

Board Members and Trustees

NameTitle
Hood TempleChairman of the Board
Gail RichardsonDirector
Leroy NettleDirector
Howard LundyExecutive Director
Hal CampbellSecretary of the Board
John KispertTreasurer of the Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,396,947
Investment Income
$3,519
Other Revenue
$0
Change in Net Assets
$690,643

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,387,966
Revenue Not Reported on Financial Statements
$12,500
Total Revenue per Audited Statements
$6,387,966
Total Revenue per Form 990
$6,400,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,957,208
Grants and Similar Amounts Paid$699,530
Salaries, Compensation, and Employee Benefits$53,085
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$2,456,706--$2,456,706
Interest$996,983--$996,983
Grants to Domestic Orgs$699,530--$699,530
Other Expenses$544,996--$544,996
Depreciation Depletion$522,204--$522,204
Occupancy$233,883--$233,883
Insurance$95,205$4,142-$99,347
All Other Expenses$63,821$1-$63,822
Current Officers, Directors, Trustees, and Key Employees-$53,085-$53,085
Fees for Services Accounting-$18,975-$18,975
Fees for Service Investment Mgmnt Fees-$12,500-$12,500
Fees for Services Other$4,950$2,000-$6,950
Office Expenses-$842-$842
Total Functional Expenses$5,618,278$91,545$0$5,709,823

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,709,823
Expenses per Audited Statements$5,697,323
Total Expenses per Audited Statements$5,697,323
Expenses Not Reported on Financial Statements$12,500
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Francis Marion UniversityFlorence, SC170 b 1 A vUniversity Support$244,098
FMU Education FoundationFlorence, SC501 c 3University Support$75,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
BSC Jobs - Econ Dev Bonds2014-11-12$13,404,505-
ASC Jobs - Econ Dev Auth2006-12-29$10,249,182Construction of Student Housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$13,404,505$13,145,753-$258,752
A$10,249,182$786,558$1,065,000$204,296

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“John Kispert and Howard Lundy are employees of Francis Marion University. Gail Richardson is on Francis Marion Universitys Board of Trustees. Mr. Kispert serves as representative for President of the University.”

Form 990 governing body review Part VI line 11

“The full Board of the Foundation is provided a copy of the 990 prior to submission to the IRS. When a meeting of the full Board prior to submission is not feasible, the Board is given the 990 and provided a two week comment period. Formal approval is documented by the Chairman and Treasurer of the Board, If a meeting isnt held prior to submission to the IRS, a full briefing is provided at the next meeting and approval of the entire board is obtained then.”

Conflict of interest policy compliance Part VI line 12C

“This conflict of interest is reviewed each year through the review of the Foundations Bylaws after which the Board is required to have each member sign the Foundations Annual Statement form noting that each member has reviewed the bylaws, noted the conflict of interest policy, and understand the requirements set forth there in. No such violations of the Conflict of Interest policy has occurred to date. The Executive Director of the Foundation continually monitors transactions to ensure the Foundations Bylaws and Controls are adhered to.”

CEO executive director top management comp Part VI line 15A

“Foundation only compensates the Executive Director of the Foundation. Compensation is through a reimbursement agreement the Foundation has with the University to compensate the Executive Director in an amount agreed to by the Foundations Board based on time and compensation based on similar organizations noted policies.”

Governing documents etc available to public Part VI line 19

“All documents (Bylaws, Conflict of Interest policy, and financial documents are available upon request from the Foundation.”

Filing and Contact Details

Filer

Filer Name
Francis Marion University Development Foundation
EIN
20-0118161
Address
PO Box 100547, Florence, SC 29502-0547

Signing Officer

Name
Erika S Cook
Title
Executive Direc
Phone
8436611131
Signed
2016-01-29
Discuss with paid preparer
No

Organization Details

Principal Officer
Erika S Cook
Formed
2003
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
4
Employees
0

Preparer

Firm
Susan Barnes CPA LLC
Address
2712-A Second Loop Road, Florence, SC 29501
Preparer
Susan Barnes
Phone
8433170022
Supplemental Narrative

Financial Statement Notes

Other expenses included on Form 990 (Part XII, line 4B)

“Trustee fees (netted against investment income on audited financial statements).”

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02738309
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02668110
IRS990/PrincipalOfficerNm0ERIKA S COOK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0Housing Services
IRS990/ProgramServiceRevenueGrp/Desc1Real Property Mgmt Serv
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06384947
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06384947
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112000
IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation is a program supported agency and acts in accordance with its nonprofit status to provide support to Francis Marion University. All donations in kind or in cash are reported by the supported organization as gifts from the Development Foundation. The Development Foundation provides donations to the Education Foundation, which is a related party to Francis Marion University.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0699530
IRS990/ProgSrvcAccomActy3Grp/Desc0The Foundation as part of its mission to support Francis Marion University periodically acquires property with the intent of use by the Foundation or the University outside of the student Housing Services already provided.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt012322
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt012000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0647097
IRS990/PYInvestmentIncomeAmt07159
IRS990/PYOtherExpensesAmt04771406
IRS990/PYProgramServiceRevenueAmt06277129
IRS990/PYRevenuesLessExpensesAmt0821831
IRS990/PYSalariesCompEmpBnftPaidAmt043954
IRS990/PYTotalExpensesAmt05462457
IRS990/PYTotalRevenueAmt06284288
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0690643
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06384947
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07632678
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07781268
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0false
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0570522624
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0593711
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Francis Marion University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0593711
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013572008
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03970147
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017542155
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0391915
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0391915
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt012500
IRS990ScheduleD/ExpensesSubtotalAmt05697323
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt012500
IRS990ScheduleD/InvestmentExpensesNotIncldAmt012500
IRS990ScheduleD/LandGrp/BookValueAmt0232021
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0232021
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0456023
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0116292
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0572315
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010002
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09998
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt012500
IRS990ScheduleD/RevenueSubtotalAmt06387966
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Trustee fees (netted against investment income on audited financial statements).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other expenses included on Form 990 (Part XII, line 4b)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014270054
IRS990ScheduleD/TotalExpensesPerForm990Amt05709823
IRS990ScheduleD/TotalRevenuePerForm990Amt06400466
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06387966
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05697323
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0244098
IRS990ScheduleI/RecipientTable/CashGrantAmt175000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170 b 1 A v
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 c 3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0349613
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt130819
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Equipment Supplies
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1Contractual Services
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0University Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1University Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Francis Marion University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FMU Education Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0570522624
IRS990ScheduleI/RecipientTable/RecipientEIN1237432174
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 100547
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO Box 100547
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Florence
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Florence
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029502
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd129502
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Book
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1Book
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation does not award grants but provides other assistance in the form of contributions and non-cash contributions to the University and its Education Foundation as support for the University as our 509(a)(3) staus requires.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0143916
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1135485
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt022853
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt121531
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt01662
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt15718
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Kispert
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Howard Lundy
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer of the Board
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0168431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1162734
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0true
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02006-12-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12014-11-12
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0570960018
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1570960018
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum083704LAS7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum1837031TL7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt010249182
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt113404505
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SC Jobs - Econ Dev Auth
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1SC Jobs - Econ Dev Bonds
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Construction of Student Housing
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,702,504
Liabilities
$23,212,798
Net assets
$5,489,706
Revenue
$6,400,466
Expenses
$5,709,823
Net income
$690,643
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$27.1$14.1$13.0$7.75$7.50$0.25
2024Detailed filing. Detailed filing data is available for this year.$27.8$15.1$12.8$7.10$5.92$1.18
2023Detailed filing. Detailed filing data is available for this year.$27.6$16.0$11.6$6.73$5.71$1.02
2022Detailed filing. Detailed filing data is available for this year.$27.5$17.0$10.6$6.66$5.21$1.46
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$17.9$9.10$6.59$4.96$1.63
2020Detailed filing. Detailed filing data is available for this year.$26.1$18.7$7.47$6.29$5.22$1.07
2019Detailed filing. Detailed filing data is available for this year.$26.3$19.9$6.39$6.20$5.75$0.44
2018Detailed filing. Detailed filing data is available for this year.$26.3$20.2$6.10$6.83$5.35$1.48
2017Detailed filing. Detailed filing data is available for this year.$25.6$21.0$4.62$6.58$7.61$1.03
2016Detailed filing. Detailed filing data is available for this year.$28.2$22.6$5.66$6.60$6.29$0.32
2015Detailed filing. Detailed filing data is available for this year.$28.7$23.2$5.49$6.40$5.71$0.69
2014Summary only. Only limited summary data is available for this year.$28.6$23.8$4.80$6.28$5.46$0.82
2013Summary only. Only limited summary data is available for this year.$28.5$24.5$3.98$6.40$5.17$1.23
2012Summary only. Only limited summary data is available for this year.$27.8$25.1$2.75$6.22$7.24$1.03