Civic Intelligence

Sumter Two School Facilities Inc.

990 • Fiscal year 2017 • EIN 20-8059977

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 17, 2018

Organization ProfileN/A
1345 Wilson Hall RoadSumter, SC 29150

(803) 469-6900

Siviq Scores

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

Liabilities / Assets

88th percentile

0.89x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

25.36x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

31st percentile

-0.4%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets88th percentile

Assets

$61,155,907

No earlier filing loaded for comparison.

Net Assets

$6,794,720

No earlier filing loaded for comparison.

Liabilities

$54,361,187

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin31st percentile

Revenue

$2,143,294

No earlier filing loaded for comparison.

Expenses

$2,152,390

No earlier filing loaded for comparison.

Net Income

-$9,096

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$80M$60M$40M$20M$0Assets 2017: $61,155,907Liabilities 2017: $54,361,187Net Assets 2017: $6,794,7202017Assets 2018: $58,478,950Liabilities 2018: $51,656,942Net Assets 2018: $6,822,0082018Assets 2019: $55,706,993Liabilities 2019: $48,952,697Net Assets 2019: $6,754,2962019Assets 2020: $52,815,036Liabilities 2020: $46,033,452Net Assets 2020: $6,781,5842020Assets 2021: $49,813,079Liabilities 2021: $43,004,207Net Assets 2021: $6,808,8722021Assets 2022: $46,601,122Liabilities 2022: $39,764,962Net Assets 2022: $6,836,1602022Assets 2023: $43,324,165Liabilities 2023: $36,460,717Net Assets 2023: $6,863,4482023Assets 2024: $39,842,631Liabilities 2024: $31,537,304Net Assets 2024: $8,305,3272024

Highlighted filing

2017

Assets$61,155,907
Liabilities$54,361,187
Net Assets$6,794,720
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $2,143,294Expenses 2017: $2,152,390Net Income 2017: -$9,0962017Revenue 2018: $2,066,494Expenses 2018: $2,039,206Net Income 2018: $27,2882018Revenue 2019: $1,879,794Expenses 2019: $1,947,506Net Income 2019: -$67,7122019Revenue 2020: $1,862,269Expenses 2020: $1,834,981Net Income 2020: $27,2882020Revenue 2021: $1,724,869Expenses 2021: $1,697,581Net Income 2021: $27,2882021Revenue 2022: $1,586,744Expenses 2022: $1,559,456Net Income 2022: $27,2882022Revenue 2023: $1,441,744Expenses 2023: $1,414,456Net Income 2023: $27,2882023Revenue 2024: $2,731,373Expenses 2024: $1,289,494Net Income 2024: $1,441,8792024

Highlighted filing

2017

Revenue$2,143,294
Expenses$2,152,390
Net Income-$9,096
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 17, 2018
Return Version
2016v3.0
Gross Receipts
$2,143,294
Mission and Program Overview

Mission

To provide financing for Sumter School District 2 School Improvements

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$59,680,259$56,740,259▼ $2,940,000
Rtn Earn Endowment Incm Other Fnds$6,803,816$6,794,720▼ $9,096
Prepaid Expenses and Deferred Charges$4,740,797$4,415,648▼ $325,149
Total Assets$64,421,056$61,155,907▼ $3,265,149
Liabilities
Tax Exempt Bond Liabilities$57,617,240$54,361,187▼ $3,256,053
Total Liabilities$57,617,240$54,361,187▼ $3,256,053
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,803,816$6,794,720▼ $9,096
Total Liabilities and Net Assets / Fund Balance$64,421,056$61,155,907▼ $3,265,149
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
George GibsonPresident
Robert ReardonVice President
Bishop Leroy JamesSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,143,294
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-9,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,152,390
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$2,143,294$0$0$2,143,294
Other Expenses$9,096$0$0$9,096
Total Functional Expenses$2,152,390$0$0$2,152,390
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
ASumter Two School Facilities Bond2007-02-05$65,066,497School Facilities
B2016 Refunding bond2016-03-15$57,725,623Schools facilites

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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
Filing and Contact Details

Filer

Filer Name
Sumter Two School Facilities Inc
EIN
20-8059977
Phone
8034696900
Address
1345 Wilson Hall Road, Sumter, SC 29150

Signing Officer

Name
George Gibson
Title
President
Phone
8034696900
Signed
2018-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Gibson
Formed
2006
Legal Domicile
Sc
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
HARPER POSTON & MOREE CPA'S
Address
307 Church St, Georgetown, SC 29440
Preparer
Robin B Poston CPA
Phone
8435273413
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“990 Discussed with Board prior to Filing Return”

Raw XML Appendix314 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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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029440
ReturnHeader/PreparerPersonGrp/PhoneNum08435273413
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBIN B POSTON CPA
ReturnHeader/ReturnTs02018-05-10T06:07:05-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$61,155,907
Liabilities
$54,361,187
Net assets
$6,794,720
Revenue
$2,143,294
Expenses
$2,152,390
Net income
-$9,096
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.8$31.5$8.31$2.73$1.29$1.44
2023Detailed filing. Detailed filing data is available for this year.$43.3$36.5$6.86$1.44$1.41$0.03
2022Detailed filing. Detailed filing data is available for this year.$46.6$39.8$6.84$1.59$1.56$0.03
2021Detailed filing. Detailed filing data is available for this year.$49.8$43.0$6.81$1.72$1.70$0.03
2020Detailed filing. Detailed filing data is available for this year.$52.8$46.0$6.78$1.86$1.83$0.03
2019Detailed filing. Detailed filing data is available for this year.$55.7$49.0$6.75$1.88$1.95$0.07
2018Detailed filing. Detailed filing data is available for this year.$58.5$51.7$6.82$2.07$2.04$0.03
2017Detailed filing. Detailed filing data is available for this year.$61.2$54.4$6.79$2.14$2.15$0.01