Civic Intelligence

Sumter Two School Facilities Inc.

990 • Fiscal year 2020 • EIN 20-8059977

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

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

0.87x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

24.72x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

41st percentile

1.5%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

10th percentile

-5.2%

Faster asset growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

40th percentile

-0.9%

Faster revenue growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$52,815,036

Down $2,891,957 (-5.2%) from 2019

Net Assets

Up

$6,781,584

Up $27,288 (+0.4%) from 2019

Liabilities

Down

$46,033,452

Down $2,919,245 (-6.0%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin41st percentile

Revenue

Down

$1,862,269

Down $17,525 (-0.9%) from 2019

Expenses

Down

$1,834,981

Down $112,525 (-5.8%) from 2019

Net Income

Up

$27,288

Up $95,000 (+140%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2020

Assets$52,815,036
Liabilities$46,033,452
Net Assets$6,781,584
Open 2020 Filing

Operations Trend

Revenue Growth40th 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

2020

Revenue$1,862,269
Expenses$1,834,981
Net Income$27,288
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.1
Gross Receipts
$1,862,269
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$51,905,259$49,320,259▼ $2,585,000
Rtn Earn Endowment Incm Other Fnds$6,754,296$6,781,584▲ $27,288
Prepaid Expenses and Deferred Charges$3,801,734$3,494,777▼ $306,957
Total Assets$55,706,993$52,815,036▼ $2,891,957
Liabilities
Tax Exempt Bond Liabilities$48,952,697$46,033,452▼ $2,919,245
Total Liabilities$48,952,697$46,033,452▼ $2,919,245
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,754,296$6,781,584▲ $27,288
Total Liabilities and Net Assets / Fund Balance$55,706,993$52,815,036▼ $2,891,957
Compensation and Service Providers
Top Officer PayScore unavailable

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
$1,862,269
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$27,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,834,981
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$1,829,081$0$0$1,829,081
Other Expenses$5,000$0$0$5,000
Fees for Services Accounting$900$0$0$900
Total Functional Expenses$1,834,981$0$0$1,834,981
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$0$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 35% controlled entity
No
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
2021-05-10
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
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.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990Available on request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Sumter Two School Facilities Inc. is a blended component unit and is included in the Single Audit to Sumter School District.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 2c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Sumter School District
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SCAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0364682689
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1043679311
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Provide Funding for Facilities
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Provide funding
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 2039
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO Box 7391
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Sumter
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Columbia
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029151
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd129202
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/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt048952697
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt046033452
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt055706993
IRS990/TotalAssetsEOYAmt052815036
IRS990/TotalAssetsGrp/BOYAmt055706993
IRS990/TotalAssetsGrp/EOYAmt052815036
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01834981
IRS990/TotalFunctionalExpensesGrp/TotalAmt01834981
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt048952697
IRS990/TotalLiabilitiesEOYAmt046033452
IRS990/TotalLiabilitiesGrp/BOYAmt048952697
IRS990/TotalLiabilitiesGrp/EOYAmt046033452
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06754296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06781584
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01834981
IRS990/TotalProgramServiceRevenueAmt01862269
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01862269
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01862269
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt055706993
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt052815036
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01345 Wilson Hall Road
IRS990/USAddress/CityNm0Sumter
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029150
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0George Gibson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08034696900
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-10
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
ReturnHeader/Filer/USAddress/ZIPCd029150
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/PreparationDt02021-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robin B Poston
ReturnHeader/ReturnTs02021-05-12T04:40:16-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,815,036
Liabilities
$46,033,452
Net assets
$6,781,584
Revenue
$1,862,269
Expenses
$1,834,981
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