Civic Intelligence

Peace Center Properties

990 • Fiscal year 2019 • EIN 27-4828202

Sep 01, 2018 to Aug 31, 2019 • Filed on Jul 14, 2020

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.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2019

Top Officer Pay

90th percentile

$470,163

Higher top officer pay than 90% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

34th percentile

0.0%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Flat

$22,887,213

Flat from 2018

Net Assets

Flat

$22,887,213

Flat from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$0

Down $11,300,000 (-100%) from 2018

Expenses

Down

$0

Down $1,411,500 (-100%) from 2018

Net Income

Down

$0

Down $9,888,500 (-100%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$22,887,213
Liabilities$0
Net Assets$22,887,213

Operations Trend

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

2019

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jul 14, 2020
Return Version
2018v3.2
Gross Receipts
$0
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
Total Assets$22,887,213$22,887,213→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$22,887,213$22,887,213→ $0
Total Net Assets Fund Balance$22,887,213$22,887,213→ $0
Total Liabilities and Net Assets / Fund Balance$22,887,213$22,887,213→ $0

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,887,213-$22,887,213
Compensation and Service Providers

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
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
2020-07-14
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, 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, 2019 and 2018, and, accordingly, no liability has been accrued.

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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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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, 2019 AND 2018, AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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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
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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/ExplanationTxt5THIS 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, PAGE 12, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PEACE CENTER FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570811297
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PERFORMING ARTS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GREENVILLE
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt022887213
IRS990/TotalAssetsEOYAmt022887213
IRS990/TotalAssetsGrp/BOYAmt022887213
IRS990/TotalAssetsGrp/EOYAmt022887213
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022887213
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt022887213
IRS990/TotalOtherCompensationAmt053344
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022887213
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt022887213
IRS990/TotReportableCompRltdOrgAmt0659882
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt022887213
IRS990/UnrestrictedNetAssetsGrp/EOYAmt022887213
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0101 W BROAD ST
IRS990/USAddress/CityNm0GREENVILLE
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029601
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.PEACECENTER.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0W SCOTT CLARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08644673000
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PEACE CENTER PROPERTIES
ReturnHeader/Filer/BusinessNameControlTxt0PEAC
ReturnHeader/Filer/EIN0274828202
ReturnHeader/Filer/PhoneNum08644673000
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 W BROAD ST
ReturnHeader/Filer/USAddress/CityNm0GREENVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BEC9594289F9DCBB4F655B5045764FC48E5A1487
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.27.82.235
ReturnHeader/FilingSecurityInformation/IPDt02020-07-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:00:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560747981
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIXON HUGHES GOODMAN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 RIDGEFIELD COURT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028806
ReturnHeader/PreparerPersonGrp/PhoneNum08282542254
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY BIBBY
ReturnHeader/ReturnTs02020-07-15T10:06:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-09-01
ReturnHeader/TaxPeriodEndDt02019-08-31
ReturnHeader/TaxYr02018

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