Civic Intelligence

Yescarolina

990 • Fiscal year 2016 • EIN 20-3562766

Oct 01, 2015 to Sep 30, 2016 • Filed on May 15, 2017

PO Box 210Charleston, SC 29402

(843) 556-1909

Siviq Scores

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

Liabilities / Assets

65th percentile

0.13x

Higher debt load relative to assets than 65% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

0.31x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

26th percentile

-6.8%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$53,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

33rd percentile

-2.7%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-33%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$777,015

Down $21,373 (-2.7%) from 2015

Net Assets

Down

$676,488

Down $21,720 (-3.1%) from 2015

Liabilities

Up

$100,527

Up $347 (+0.3%) from 2015

Revenue

Down

$319,773

Down $155,704 (-33%) from 2015

Expenses

Up

$341,494

Up $80,241 (+31%) from 2015

Net Income

Down

-$21,721

Down $235,945 (-110%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $417,674Liabilities 2011: $4,347Net Assets 2011: $413,3272011Assets 2012: $325,713Liabilities 2012: $4,615Net Assets 2012: $321,0982012Assets 2013: $374,982Liabilities 2013: $10,908Net Assets 2013: $364,0742013Assets 2014: $565,852Liabilities 2014: $81,868Net Assets 2014: $483,9842014Assets 2015: $798,388Liabilities 2015: $100,180Net Assets 2015: $698,2082015Assets 2016: $777,015Liabilities 2016: $100,527Net Assets 2016: $676,4882016Assets 2017: $579,886Liabilities 2017: $11,069Net Assets 2017: $568,8172017Assets 2018: $444,798Liabilities 2018: $9,921Net Assets 2018: $434,8772018Assets 2019: $356,383Liabilities 2019: $25,225Net Assets 2019: $331,1582019Assets 2020: $257,269Liabilities 2020: $39,335Net Assets 2020: $217,9342020

Highlighted filing

2016

Assets$777,015
Liabilities$100,527
Net Assets$676,488

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $242,276Expenses 2011: $250,957Net Income 2011: -$8,6812011Revenue 2012: $85,519Expenses 2012: $177,748Net Income 2012: -$92,2292012Expenses 2013: $207,0812013Revenue 2014: $306,646Expenses 2014: $186,736Net Income 2014: $119,9102014Revenue 2015: $475,477Expenses 2015: $261,253Net Income 2015: $214,2242015Revenue 2016: $319,773Expenses 2016: $341,494Net Income 2016: -$21,7212016Revenue 2017: $208,622Expenses 2017: $367,867Net Income 2017: -$159,2452017Revenue 2018: $374,039Expenses 2018: $494,114Net Income 2018: -$120,0752018Revenue 2019: $266,270Expenses 2019: $374,968Net Income 2019: -$108,6982019Revenue 2020: $165,422Expenses 2020: $278,646Net Income 2020: -$113,2242020

Highlighted filing

2016

Revenue$319,773
Expenses$341,494
Net Income-$21,721
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$535,462
Mission and Program Overview

Mission

Provide scholarships for teachers teaching entrpreneurial classes in secondary schools

Provide scholarships for teachers

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$698,209$676,488▼ $21,721
Savings and Temporary Cash Investments$515,444$597,096▲ $81,652
Cash and Non-Interest-Bearing Accounts$218,139$153,951▼ $64,188
Land, Buildings, and Equipment, Net$1,102$2,266▲ $1,164
Total Assets$798,389$777,015▼ $21,374
Other Assets Total$63,704$23,702▼ $40,002
Liabilities
Deferred Revenue$99,200$96,575▼ $2,625
Accounts Payable and Accrued Expenses$980$3,952▲ $2,972
Total Liabilities$100,180$100,527▲ $347
Net Assets / Fund Balance
Total Net Assets Fund Balance$698,209$676,488▼ $21,721
Total Liabilities and Net Assets / Fund Balance$798,389$777,015▼ $21,374

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,266$9,415$11,681
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Austin StoneManaging DirectorFT$26,538$26,538
Angeline Brown LeonardDirectorPT$24,400$24,400

Board Members and Trustees

NameTitle
Adam WittyChairman
Aaron BrewerDirector
John LindseyDirector
John MistrettaDirector
Kathleen ShulerDirector
Lenwood HowellDirector
Marshall SimonDirector
Mary Ann CopeDirector
Melody Weinstein ShemtovDirector
Nise LowellDirector
Paul HeinauerDirector
Paul HulseyDirector
Steve SwansonDirector
Hon James BaileyFormer Treasurer
Nate DaporeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$228,005
Program Service Revenue
$91,467
Investment Income
$301
Other Revenue
$0
All Other Contributions
$53,761
Change in Net Assets
$-21,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,443
Salaries, Compensation, and Employee Benefits$110,501
Grants and Similar Amounts Paid$61,550
Total Fundraising Expense$26,334
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$38,492$36,531$24,467$99,490
Fees for Services Management$53,000--$53,000
Grants to Domestic Individuals$31,550--$31,550
Grants to Domestic Orgs$30,000--$30,000
Advertising$22,709--$22,709
Occupancy-$18,967-$18,967
All Other Expenses$16,645--$16,645
Payroll Taxes$2,903$3,541$1,867$8,311
Fees for Services Accounting-$7,835-$7,835
Fees for Services Legal-$7,500-$7,500
Office Expenses-$7,362-$7,362
Travel$5,496--$5,496
Insurance-$4,600-$4,600
Other Salaries and Wages-$2,700-$2,700
Other Expenses$84$2,359-$2,359
Depreciation Depletion-$1,668-$1,668
Total Functional Expenses$214,829$100,331$26,334$341,494
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Trident Technical College FoundationCharleston, SC-Teacher Training$30,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$215,689
Fundraising Gross Income$215,689
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$420,035$420,035$27,098$392,937
Total Events$420,035$420,035$215,689$204,346
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jimmy Bailey Real EstateFormer TreasurerOffice Space RentalNo$9,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B

The managing director reviews the tax return, signs and files the form

Form 990, Part VI, Line 12C

A review is performed by an independent cpa each year

Form 990, Part VI, Line 15B

Public information for similar sized non-profit organizations in south carolina is used

Form 990, Part VI, Line 19

Available at the organizations office during normal working hours

Form 990, Part VI, Line 2

Hon. James bailey and james bailey jr are related

Form 990, Part VI, Line 8B

The organization has no cubscommittees

Form 990, Part VI, Line 15A

Public information for similar sized non-profit organizations in south carolina is used

Filing and Contact Details

Filer

Filer Name
Yescarolina
EIN
20-3562766
Phone
8435561909
Address
PO BOX 210, CHARLESTON, SC 29402

Signing Officer

Name
Austin Stone
Title
Director
Phone
8436700114
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Austin Stone
Formed
2005
Legal Domicile
Sc
Voting Board Members
15
Independent Board Members
15
Employees
6

Preparer

Firm
Brian D Kurtz Pc
Address
PO BOX 2046, MOUNT PLEASANT, SC 29465
Preparer
Brian D Kurtz
Phone
8439715866
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3B

The organization has no unrelated business

Raw XML AppendixShowing 400 of 540 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE SCHOLARSHIPS FOR TEACHERS
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07362
IRS990/OfficeExpensesGrp/TotalAmt07362
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt063704
IRS990/OtherAssetsTotalGrp/EOYAmt023702
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0LICENSES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17057
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IRS990/PayrollTaxesGrp/FundraisingAmt01867
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03541
IRS990/PayrollTaxesGrp/ProgramServicesAmt02903
IRS990/PayrollTaxesGrp/TotalAmt08311
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0AUSTIN STONE
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IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
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IRS990/RevenueAmt0145228
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt0796223
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IRS990ScheduleA/PublicSupportCY170Pct00.56610
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IRS990ScheduleA/TotalSupportAmt01839209
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt02266
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09415
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011681
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products

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