Civic Intelligence

Lexington One School Facilities Corporation

990 • Fiscal year 2016 • EIN 20-3682952

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 17, 2016

Organization ProfileWWW.LEXINGTON1.NET
100 Tarrar Springs RoadLexington, SC 29072

(803) 821-1000

Siviq Scores

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

Liabilities / Assets

90th percentile

0.96x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

12.23x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

94th percentile

53%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

40th percentile

-0.0%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-88%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$73,035,485

Down $787 (-0.0%) from 2015

Net Assets

Up

$3,065,485

Up $3,059,964 (+55424%) from 2015

Liabilities

Down

$69,970,000

Down $3,060,751 (-4.2%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin94th percentile

Revenue

Down

$5,720,154

Down $43,984,266 (-88%) from 2015

Expenses

Down

$2,660,190

Down $50,977,709 (-95%) from 2015

Net Income

Up

$3,059,964

Up $6,993,443 (+178%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$100M$50M$0Assets 2011: $6,895,846Liabilities 2011: $0Net Assets 2011: $6,895,8462011Assets 2012: $91,090,847Liabilities 2012: $84,195,000Net Assets 2012: $6,895,8472012Assets 2013: $88,780,813Liabilities 2013: $81,490,000Net Assets 2013: $7,290,8132013Assets 2014: $84,569,000Liabilities 2014: $80,630,000Net Assets 2014: $3,939,0002014Assets 2015: $73,036,272Liabilities 2015: $73,030,751Net Assets 2015: $5,5212015Assets 2016: $73,035,485Liabilities 2016: $69,970,000Net Assets 2016: $3,065,4852016Assets 2017: $73,030,000Liabilities 2017: $66,440,000Net Assets 2017: $6,590,0002017Assets 2018: $73,030,000Liabilities 2018: $62,785,000Net Assets 2018: $10,245,0002018Assets 2019: $73,030,000Liabilities 2019: $58,985,000Net Assets 2019: $14,045,0002019Assets 2020: $73,030,000Liabilities 2020: $55,035,000Net Assets 2020: $17,995,0002020Assets 2021: $73,030,000Liabilities 2021: $50,930,000Net Assets 2021: $22,100,0002021Assets 2022: $73,030,000Liabilities 2022: $46,660,000Net Assets 2022: $26,370,0002022Assets 2023: $73,030,000Liabilities 2023: $42,220,000Net Assets 2023: $30,810,0002023Assets 2024: $73,030,000Liabilities 2024: $37,605,000Net Assets 2024: $35,425,0002024

Highlighted filing

2016

Assets$73,035,485
Liabilities$69,970,000
Net Assets$3,065,485
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

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

$60M$40M$20M$0-$20MExpenses 2011: $11,214,4192011Expenses 2012: $6,923,6082012Expenses 2013: $6,924,6372013Revenue 2014: $40,226,782Expenses 2014: $43,578,595Net Income 2014: -$3,351,8132014Revenue 2015: $49,704,420Expenses 2015: $53,637,899Net Income 2015: -$3,933,4792015Revenue 2016: $5,720,154Expenses 2016: $2,660,190Net Income 2016: $3,059,9642016Revenue 2017: $6,084,766Expenses 2017: $2,560,252Net Income 2017: $3,524,5142017Revenue 2018: $6,082,353Expenses 2018: $2,427,353Net Income 2018: $3,655,0002018Revenue 2019: $6,082,971Expenses 2019: $2,282,971Net Income 2019: $3,800,0002019Revenue 2020: $6,076,319Expenses 2020: $2,126,319Net Income 2020: $3,950,0002020Revenue 2021: $6,071,147Expenses 2021: $1,966,147Net Income 2021: $4,105,0002021Revenue 2022: $6,069,169Expenses 2022: $1,799,169Net Income 2022: $4,270,0002022Revenue 2023: $6,065,078Expenses 2023: $1,625,078Net Income 2023: $4,440,0002023Revenue 2024: $6,059,624Expenses 2024: $1,444,624Net Income 2024: $4,615,0002024

Highlighted filing

2016

Revenue$5,720,154
Expenses$2,660,190
Net Income$3,059,964
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 17, 2016
Return Version
2015v2.1
Gross Receipts
$5,720,154
Mission and Program Overview

Mission

To acquire, construct, finance, pledge, improve, maintain, operate, manage, lease, and dispose of school buildings and other public education facilities for the use and benefit of lexington county school district one.

To acquire, construct, finance pledge, improve, maintain, operate, manage, lease and dispose of shool buildings and other public education facilities for the use and benefit of lexington county school district one.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$73,030,000$73,030,000→ $0
Savings and Temporary Cash Investments$5,522$5,486▼ $36
Cash and Non-Interest-Bearing Accounts-$-1-
Total Assets$73,036,272$73,035,485▼ $787
Other Assets Total$750--
Liabilities
Tax Exempt Bond Liabilities$73,030,000$69,970,000▼ $3,060,000
Accounts Payable and Accrued Expenses$751--
Total Liabilities$73,030,751$69,970,000▼ $3,060,751
Net Assets / Fund Balance
Unrestricted Net Assets$5,521$3,065,485▲ $3,059,964
Total Net Assets Fund Balance$5,521$3,065,485▲ $3,059,964
Total Liabilities and Net Assets / Fund Balance$73,036,272$73,035,485▼ $787

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$73,030,000-$73,030,000
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Albert J Dooley JrDirector
Jimmy ComptonDirector
Juliet BerryDirector
Stephen HusmanDirector
Dr Gregory LittleSuperintende
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,720,154
Change in Net Assets
$3,059,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,660,190
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,660,190--$2,660,190
Total Functional Expenses$2,660,190$0$0$2,660,190
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
ASeries 2015 Refunding2015-04-16$39,320,000Installment purchase revenue refunding of installment purchase revenue
BSeries 20132013-07-02$35,350,000Installment purchase revenue bonds refunding

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$47,930,903--$460,360
B$35,350,000--$283,704

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“The election of board members is established by the board of trustees of the lexington county school district one.”

Form 990, Page 6, Part VI, Line 11B

“Copy of the form 990 will be reviewed by the board members and approved”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lexington One School Facilities
EIN
20-3682952
Phone
8038211000
Address
100 TARRAR SPRINGS ROAD, LEXINGTON, SC 29072

Signing Officer

Name
Dr Gregory Little
Title
Superintendent
Phone
8038211000
Signed
2016-11-17

Organization Details

Principal Officer
Dr Gregory Little
Formed
2005
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Greene Finney & Horton Llp
Address
800 E WASHINGTON ST STE D, GREENVILLE, SC 29601-3054
Preparer
Francis H Horton Iii CPA
Phone
8642325204
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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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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0460360
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1283704
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt047470543
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt135066296
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt047930903
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt135350000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ELECTION OF BOARD MEMBERS IS ESTABLISHED BY THE BOARD OF TRUSTEES OF THE LEXINGTON COUNTY SCHOOL DISTRICT ONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF THE FORM 990 WILL BE REVIEWED BY THE BOARD MEMBERS AND APPROVED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LCSD 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LEXINGTON COUNTY SCHOOL DISTRICT 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570670770
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0100 TARRAR SPRINGS RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LEXINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029072
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt073030000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt069970000
IRS990/TaxExemptBondsInd0true
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt073036272
IRS990/TotalAssetsEOYAmt073035485
IRS990/TotalAssetsGrp/BOYAmt073036272
IRS990/TotalAssetsGrp/EOYAmt073035485
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02660190
IRS990/TotalFunctionalExpensesGrp/TotalAmt02660190
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073030751
IRS990/TotalLiabilitiesEOYAmt069970000
IRS990/TotalLiabilitiesGrp/BOYAmt073030751
IRS990/TotalLiabilitiesGrp/EOYAmt069970000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05521
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03065485
IRS990/TotalProgramServiceExpensesAmt02660190
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05720154
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05720154
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt073036272
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt073035485
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05521
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03065485
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 TARRAR SPRINGS ROAD
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029072
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LEXINGTON1.NET
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DR GREGORY LITTLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08038211000
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEXINGTON ONE SCHOOL FACILITIES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LEXI
ReturnHeader/Filer/EIN0203682952
ReturnHeader/Filer/PhoneNum08038211000
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 TARRAR SPRINGS ROAD
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029072
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0522212837
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREENE FINNEY & HORTON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 E WASHINGTON ST STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0296013054
ReturnHeader/PreparerPersonGrp/PhoneNum08642325204
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANCIS H HORTON III CPA
ReturnHeader/ReturnTs02016-11-22T15:27:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$73,035,485
Liabilities
$69,970,000
Net assets
$3,065,485
Revenue
$5,720,154
Expenses
$2,660,190
Net income
$3,059,964
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.0$37.6$35.4$6.06$1.44$4.62
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.0$42.2$30.8$6.07$1.63$4.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.0$46.7$26.4$6.07$1.80$4.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.0$50.9$22.1$6.07$1.97$4.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.0$55.0$18.0$6.08$2.13$3.95
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.0$59.0$14.0$6.08$2.28$3.80
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.0$62.8$10.2$6.08$2.43$3.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.0$66.4$6.59$6.08$2.56$3.52
2016Detailed filing. Detailed filing data is available for this year.$73.0$70.0$3.07$5.72$2.66$3.06
2015Detailed filing. Detailed filing data is available for this year.$73.0$73.0$0.01$49.7$53.6$3.93
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.6$80.6$3.94$40.2$43.6$3.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.8$81.5$7.29$6.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.1$84.2$6.90$6.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.90$0.00$6.90$11.2