Civic Intelligence

Peace Center Properties

990 • Fiscal year 2018 • EIN 27-4828202

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 13, 2019

Organization ProfileWWW.PEACECENTER.ORG
101 W Broad StGreenville, SC 29601

(864) 467-3000

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

98th percentile

88%

Higher net margin than 98% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

89th percentile

$455,947

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

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

Source year 2018

Revenue Growth

Score unavailable

No value available

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

Source year 2018

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$22,887,213

Up $10,274,220 (+81%) from 2013

Net Assets

Up

$22,887,213

Up $20,274,220 (+776%) from 2013

Liabilities

Down

$0

Down $10,000,000 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin98th percentile

Revenue

$11,300,000

No earlier filing loaded for comparison.

Expenses

Up

$1,411,500

Up $844,430 (+149%) from 2013

Net Income

$9,888,500

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.

$30M$20M$10M$0Assets 2012: $13,069,215Liabilities 2012: $11,211,153Net Assets 2012: $1,858,0622012Assets 2013: $12,612,993Liabilities 2013: $10,000,000Net Assets 2013: $2,612,9932013Assets 2018: $22,887,213Liabilities 2018: $0Net Assets 2018: $22,887,2132018Assets 2019: $22,887,213Liabilities 2019: $0Net Assets 2019: $22,887,2132019Assets 2020: $22,887,213Liabilities 2020: $0Net Assets 2020: $22,887,2132020Assets 2021: $22,887,213Liabilities 2021: $0Net Assets 2021: $22,887,2132021Assets 2022: $22,887,213Liabilities 2022: $0Net Assets 2022: $22,887,2132022Assets 2023: $22,887,213Liabilities 2023: $0Net Assets 2023: $22,887,2132023Assets 2024: $22,887,213Liabilities 2024: $0Net Assets 2024: $22,887,2132024

Highlighted filing

2018

Assets$22,887,213
Liabilities$0
Net Assets$22,887,213
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0Expenses 2012: $674,8392012Expenses 2013: $567,0702013Revenue 2018: $11,300,000Expenses 2018: $1,411,500Net Income 2018: $9,888,5002018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2018

Revenue$11,300,000
Expenses$1,411,500
Net Income$9,888,500
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 13, 2019
Return Version
2017v2.3
Gross Receipts
$11,300,000
Mission and Program Overview

Mission

The organization's mission is to support the peace center foundation's mission to promote the performing arts through public performances, support of local artists, and educating the public.

To support the peace center foundation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,887,213$22,887,213→ $0
Intangible Assets$29,250--
Cash and Non-Interest-Bearing Accounts$1--
Total Assets$22,916,464$22,887,213▼ $29,251
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,000,000--
Total Liabilities$10,000,000$0▼ $10,000,000
Net Assets / Fund Balance
Unrestricted Net Assets$12,916,464$22,887,213▲ $9,970,749
Total Net Assets Fund Balance$12,916,464$22,887,213▲ $9,970,749
Total Liabilities and Net Assets / Fund Balance$22,916,464$22,887,213▼ $29,251

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,887,213-$22,887,213
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Rick StanleyChair
Ann BryanVice Chair
Megan RiegelAssistant Secretary
Scott ClarkAssistant Treasurer
Dave FirstenburgSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,300,000
Investment Income
$0
Other Revenue
$10,000,000
Change in Net Assets
$9,888,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,411,500
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
Occupancy$1,300,000--$1,300,000
Interest$78,750--$78,750
Depreciation Depletion$32,750--$32,750
Total Functional Expenses$1,411,500$0$0$1,411,500
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The sole member of the corporation is peace center foundation, a south carolina nonprofit corporation that is also the supported organization.”

Form 990, Part VI, Section A, Line 7A

“The sole member, peace center foundation, which is also the supported organization elects the board members.”

Form 990, Part VI, Section B, Line 11B

“The form 990 was prepared by an accounting firm and reviewed by management before it was e-filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“The organization annually prepares conflict of interest questionnatires designed to help respondents identify actual or potential conflicts of interest. The responses are reviewed and monitored and discussed if necessary with the respondent and the foundation's legal counsel.”

Form 990, Part VI, Section C, Line 19

“The organization maintains printed copies of its financial statements, governing documents, conflict policies, and governmental filings. These documents are available upon request at the organization's administrative office.”

Filing and Contact Details

Filer

Filer Name
Peace Center Properties
EIN
27-4828202
Phone
8644673000
Address
101 W BROAD ST, GREENVILLE, SC 29601

Signing Officer

Name
W Scott Clark
Title
CFO
Phone
8644673000
Signed
2019-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Scott Clark
Formed
2011
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Equity transfer from related organization 82,249.”

Form 990, Page 12, Part XII, Line 2C

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation received a favorable determination letter dated june 2, 1999, from the internal revenue service ("irs") qualifying it as a tax-exempt organization under section 501(c)(3) of the internal revenue code ("irc") and, therefore, is exempt from taxes on related income. Properties received a favorable determination letter dated november 22, 2011 from the irs qualifying it as a tax-exempt organization under the irc and, therefore, is exempt from taxes on related income. The foundation and properties are obligated to pay income taxes on unrelated business income. Unrelated business income represents the profit derived from activity that is not substantially related to the exempt purpose of the peace center. The foundation's policy for accounting for uncertainty in income taxes is to record a liability for any tax position taken that is beneficial to the foundation, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction, or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of august 31, 2018 and 2017, and, accordingly, no liability has been accrued.”

Raw XML AppendixShowing 400 of 406 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVED A FAVORABLE DETERMINATION LETTER DATED JUNE 2, 1999, FROM THE INTERNAL REVENUE SERVICE ("IRS") QUALIFYING IT AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND, THEREFORE, IS EXEMPT FROM TAXES ON RELATED INCOME. PROPERTIES RECEIVED A FAVORABLE DETERMINATION LETTER DATED NOVEMBER 22, 2011 FROM THE IRS QUALIFYING IT AS A TAX-EXEMPT ORGANIZATION UNDER THE IRC AND, THEREFORE, IS EXEMPT FROM TAXES ON RELATED INCOME. THE FOUNDATION AND PROPERTIES ARE OBLIGATED TO PAY INCOME TAXES ON UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME REPRESENTS THE PROFIT DERIVED FROM ACTIVITY THAT IS NOT SUBSTANTIALLY RELATED TO THE EXEMPT PURPOSE OF THE PEACE CENTER. THE FOUNDATION'S POLICY FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION, OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF AUGUST 31, 2018 AND 2017, AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0ASSISTANT SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ASSISTANT TREASURER
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE SALARY OF THE ORGANIZATION'S OFFICERS IS DETERMINED BY THE SUPPORTED ORGANIZATION'S EXECUTIVE COMMITTEE, WHICH IS COMPRISED STRICTLY OF INDEPENDENT DIRECTORS. THE EXECUTIVE COMMITTEE USES A SALARY SURVEY AND OTHER FACTORS TO DETERMINE COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF THE CORPORATION IS PEACE CENTER FOUNDATION, A SOUTH CAROLINA NONPROFIT CORPORATION THAT IS ALSO THE SUPPORTED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER, PEACE CENTER FOUNDATION, WHICH IS ALSO THE SUPPORTED ORGANIZATION ELECTS THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED BY AN ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT BEFORE IT WAS E-FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION ANNUALLY PREPARES CONFLICT OF INTEREST QUESTIONNATIRES DESIGNED TO HELP RESPONDENTS IDENTIFY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE RESPONSES ARE REVIEWED AND MONITORED AND DISCUSSED IF NECESSARY WITH THE RESPONDENT AND THE FOUNDATION'S LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAINTAINS PRINTED COPIES OF ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, CONFLICT POLICIES, AND GOVERNMENTAL FILINGS. THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EQUITY TRANSFER FROM RELATED ORGANIZATION 82,249.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0W SCOTT CLARK
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-13
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ReturnHeader/FilingSecurityInformation/IPTm008:30:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560747981
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIXON HUGHES GOODMAN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 RIDGEFIELD COURT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-11

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$22,887,213
Liabilities
$0
Net assets
$22,887,213
Revenue
$11,300,000
Expenses
$1,411,500
Net income
$9,888,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.9$0.00$22.9$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$22.9$0.00$22.9$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$22.9$0.00$22.9$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$22.9$0.00$22.9$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$22.9$0.00$22.9$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$22.9$0.00$22.9$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$22.9$0.00$22.9$11.3$1.41$9.89
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$10.0$2.61$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$11.2$1.86$0.67