Civic Intelligence

Sumter Two School Facilities Inc.

990 • Fiscal year 2018 • EIN 20-8059977

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 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

0.88x

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

25.00x

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

39th percentile

1.3%

Higher net margin than 39% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

18th percentile

-4.4%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-3.6%

Faster revenue growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$58,478,950

Down $2,676,957 (-4.4%) from 2017

Net Assets

Up

$6,822,008

Up $27,288 (+0.4%) from 2017

Liabilities

Down

$51,656,942

Down $2,704,245 (-5.0%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin39th percentile

Revenue

Down

$2,066,494

Down $76,800 (-3.6%) from 2017

Expenses

Down

$2,039,206

Down $113,184 (-5.3%) from 2017

Net Income

Up

$27,288

Up $36,384 (+400%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

2018

Assets$58,478,950
Liabilities$51,656,942
Net Assets$6,822,008
Open 2018 Filing

Operations Trend

Revenue Growth23rd percentile

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

2018

Revenue$2,066,494
Expenses$2,039,206
Net Income$27,288
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.2
Gross Receipts
$2,066,494
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$56,740,259$54,370,259▼ $2,370,000
Rtn Earn Endowment Incm Other Fnds$6,794,720$6,822,008▲ $27,288
Prepaid Expenses and Deferred Charges$4,415,648$4,108,691▼ $306,957
Total Assets$61,155,907$58,478,950▼ $2,676,957
Liabilities
Tax Exempt Bond Liabilities$54,361,187$51,656,942▼ $2,704,245
Total Liabilities$54,361,187$51,656,942▼ $2,704,245
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,794,720$6,822,008▲ $27,288
Total Liabilities and Net Assets / Fund Balance$61,155,907$58,478,950▼ $2,676,957
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
$2,066,494
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$27,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,039,206
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$2,039,206$0$0$2,039,206
Total Functional Expenses$2,039,206$0$0$2,039,206
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
A2016 Refunding Bond2016-03-15$57,725,623School Facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$57,510,249-$5,310,000$722,841
B----

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
Audit committee
Yes
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
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Gibson
Formed
2006
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
3
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”

Pt VI, Line 19

“990Available on request”

Pt XII, Line 2C

“Sumter Two School Facilities Inc. is a blended component unit and is included in the Single Audit to Sumter School District.”

Raw XML Appendix364 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt IV Sec E Ln 2a
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Sumter Two School Facilities Inc. is a blended component unit and is included in the Single Audit to Sumter School District.
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/TaxExemptBondsInd0true
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt02039206
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02066494
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IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0Sumter
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IRS990/USAddress/ZIPCd029150
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IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE GIBSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08034696900
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sumter Two School Facilities Inc
ReturnHeader/Filer/BusinessNameControlTxt0SUMT
ReturnHeader/Filer/EIN0208059977
ReturnHeader/Filer/PhoneNum08034696900
ReturnHeader/Filer/USAddress/AddressLine1Txt01345 Wilson Hall Road
ReturnHeader/Filer/USAddress/CityNm0Sumter
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CC72EC5A5CB3CED94BE13B9A4B9628350D76753A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CC72EC5A5CB3CED94BE13B9A4B9628350D76753A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.76.19.240
ReturnHeader/FilingSecurityInformation/IPDt02019-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm006:23:22
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARPER POSTON & MOREE CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0307 Church St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Georgetown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029440
ReturnHeader/PreparerPersonGrp/PhoneNum08435273413
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBIN B POSTON CPA
ReturnHeader/ReturnTs02019-05-10T06:23:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,478,950
Liabilities
$51,656,942
Net assets
$6,822,008
Revenue
$2,066,494
Expenses
$2,039,206
Net income
$27,288
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