Civic Intelligence

Kershaw County Public Schools Foundation

990 • Fiscal year 2015 • EIN 41-2206742

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 22, 2016

2029 West Dekalb StreetCamden, SC 29020

(803) 432-8410

Siviq Scores

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

Liabilities / Assets

86th percentile

0.90x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

15.99x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

28th percentile

-0.0%

Higher net margin than 28% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

2nd percentile

$0

Higher top officer pay than 2% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

32nd percentile

-1.1%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

0.2%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Down

$127,949,198

Down $1,417,704 (-1.1%) from 2014

Net Assets

Down

$12,401,332

Down $1,713 (-0.0%) from 2014

Liabilities

Down

$115,547,866

Down $1,415,991 (-1.2%) from 2014

Revenue

Up

$7,225,171

Up $17,076 (+0.2%) from 2014

Expenses

Down

$7,226,884

Down $34,013 (-0.5%) from 2014

Net Income

Up

-$1,713

Up $51,089 (+97%) from 2014

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2012: $134,532,323Liabilities 2012: $127,747,499Net Assets 2012: $6,784,8242012Assets 2013: $130,623,880Liabilities 2013: $118,168,033Net Assets 2013: $12,455,8472013Assets 2014: $129,366,902Liabilities 2014: $116,963,857Net Assets 2014: $12,403,0452014Assets 2015: $127,949,198Liabilities 2015: $115,547,866Net Assets 2015: $12,401,3322015Assets 2016: $103,849,377Liabilities 2016: $103,725,218Net Assets 2016: $124,1592016Assets 2017: $105,295,952Liabilities 2017: $105,295,952Net Assets 2017: $02017Assets 2018: $102,414,123Liabilities 2018: $102,414,123Net Assets 2018: $02018Assets 2019: $97,195,790Liabilities 2019: $97,195,790Net Assets 2019: $02019Assets 2020: $91,737,457Liabilities 2020: $91,737,457Net Assets 2020: $02020Assets 2021: $85,689,124Liabilities 2021: $85,689,124Net Assets 2021: $02021Assets 2022: $79,461,807Liabilities 2022: $79,461,807Net Assets 2022: $02022Assets 2023: $72,859,978Liabilities 2023: $72,859,978Net Assets 2023: $02023Assets 2024: $65,948,149Liabilities 2024: $65,948,149Net Assets 2024: $02024

Highlighted filing

2015

Assets$127,949,198
Liabilities$115,547,866
Net Assets$12,401,332

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $8,775,4032012Expenses 2013: $10,175,0292013Revenue 2014: $7,208,095Expenses 2014: $7,260,897Net Income 2014: -$52,8022014Revenue 2015: $7,225,171Expenses 2015: $7,226,884Net Income 2015: -$1,7132015Revenue 2016: $8,281,389Expenses 2016: $8,435,114Net Income 2016: -$153,7252016Revenue 2017: $4,176,382Expenses 2017: $4,176,382Net Income 2017: $02017Revenue 2018: $4,088,306Expenses 2018: $4,088,306Net Income 2018: $02018Revenue 2019: $3,918,835Expenses 2019: $3,918,835Net Income 2019: $02019Revenue 2020: $3,672,981Expenses 2020: $3,672,981Net Income 2020: $02020Revenue 2021: $3,406,481Expenses 2021: $3,406,481Net Income 2021: $02021Revenue 2022: $9,028,790Expenses 2022: $2,856,206Net Income 2022: $6,172,5842022Revenue 2023: $9,028,655Expenses 2023: $2,553,831Net Income 2023: $6,474,8242023Revenue 2024: $9,007,663Expenses 2024: $2,235,332Net Income 2024: $6,772,3312024

Highlighted filing

2015

Revenue$7,225,171
Expenses$7,226,884
Net Income-$1,713
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 22, 2016
Return Version
2014v6.0
Gross Receipts
$7,225,171
Mission and Program Overview

Mission

The mission of kershaw county public schools foundation is to acquire, construct, finance, pledge, improve, maintain, operate, manage, lease, and dispose of school buildings and other public education facilities for the use and benefit of kershaw county school district and to encourage and promote public education through cooperative arrangements with governmental entities and organizations exempt under section 501(c)(3) that provide public education in kershaw county, sc.

To acquire, construct, finance, pledge, improve, maintain, operate, manage, lease, and dispose of school buildings and other public education facilities for the use and benefit of kershaw county school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$116,855,000$115,440,000▼ $1,415,000
Investments Other Securities$12,375,278$12,192,547▼ $182,731
Cash and Non-Interest-Bearing Accounts-$181,027-
Total Assets$129,366,902$127,949,198▼ $1,417,704
Other Assets Total$136,624$135,624▼ $1,000
Liabilities
Tax Exempt Bond Liabilities$116,855,000$115,440,000▼ $1,415,000
Other Liabilities$108,857$107,866▼ $991
Total Liabilities$116,963,857$115,547,866▼ $1,415,991
Net Assets / Fund Balance
Temporarily Rstr Net Assets$12,403,045$12,401,332▼ $1,713
Total Net Assets Fund Balance$12,403,045$12,401,332▼ $1,713
Total Liabilities and Net Assets / Fund Balance$129,366,902$127,949,198▼ $1,417,704

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$115,440,000-$115,440,000
Other Securities$12,192,547--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Austin SheheenPresident
C Ray MilesDirector
Gene BranhamDirector
Gene WiseDirector
James ErvinDirector
Karen EckfordDirector
Marge SmallDirector
Rev Otis ScottDirector
George GibsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$636,300
Other Revenue
$6,588,871
Change in Net Assets
$-1,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,226,884
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$7,226,884--$7,226,884
Total Functional Expenses$7,226,884$0$0$7,226,884
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

Other Reported Liabilities

LiabilityAmount
Due to General Fund$107,866

Bond Issues

BondIssuerIssuedIssue PricePurpose
AKershaw County Public Sch Foundatio2006-06-15$124,743,653Financing the cost of acquiring, constructing, and installing educational

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$124,743,653-$3,950,000$2,136,765

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The election of board members is established by the board of trustees of kershaw county school district.

Form 990, Page 6, Part VI, Line 11B

Copy of the form 990 will be reviewed by the board members and approved.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Kershaw County Public Schools
EIN
41-2206742
Phone
8034328410
Address
2029 WEST DEKALB STREET, CAMDEN, SC 29020

Signing Officer

Name
Donnie Wilson
Title
CFO-kershaw County School Dist
Phone
8034328410
Signed
2016-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donnie Wilson
Formed
2006
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Greene Finney & Horton Llp
Address
800 E WASHINGTON ST STE D, GREENVILLE, SC 29601-3054
Preparer
Francis H Horton Iii CPA
Phone
8642325204
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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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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt0124743653
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0KERSHAW COUNTY PUBLIC SCH FOUNDATIO
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0FINANCING THE COST OF ACQUIRING, CONSTRUCTING, AND INSTALLING EDUCATIONAL
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt0108954104
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt09648797
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt011875325
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt02136765
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt03950000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02012
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt0124743653
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ELECTION OF BOARD MEMBERS IS ESTABLISHED BY THE BOARD OF TRUSTEES OF KERSHAW COUNTY SCHOOL DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF THE FORM 990 WILL BE REVIEWED BY THE BOARD MEMBERS AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0KCSD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KERSHAW COUNTY SCHOOL DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0576000369
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02029 WEST DEKALB STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CAMDEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029020
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/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt0116855000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt0115440000
IRS990/TaxExemptBondsInd0true
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt012403045
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt012401332
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0129366902
IRS990/TotalAssetsEOYAmt0127949198
IRS990/TotalAssetsGrp/BOYAmt0129366902
IRS990/TotalAssetsGrp/EOYAmt0127949198
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07226884
IRS990/TotalFunctionalExpensesGrp/TotalAmt07226884
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0116963857
IRS990/TotalLiabilitiesEOYAmt0115547866
IRS990/TotalLiabilitiesGrp/BOYAmt0116963857
IRS990/TotalLiabilitiesGrp/EOYAmt0115547866
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012403045
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012401332
IRS990/TotalProgramServiceExpensesAmt07226884
IRS990/TotalRevenueGrp/ExclusionAmt0636300
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06588871
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07225171
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0129366902
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0127949198
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02029 WEST DEKALB STREET
IRS990/USAddress/CityNm0CAMDEN
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029020
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNIE WILSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO-KERSHAW COUNTY SCHOOL DIST
ReturnHeader/BusinessOfficerGrp/PhoneNum08034328410
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KERSHAW COUNTY PUBLIC SCHOOLS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0KERS
ReturnHeader/Filer/EIN0412206742
ReturnHeader/Filer/PhoneNum08034328410
ReturnHeader/Filer/USAddress/AddressLine1Txt02029 WEST DEKALB STREET
ReturnHeader/Filer/USAddress/CityNm0CAMDEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029020
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0522212837
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREENE FINNEY & HORTON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 E WASHINGTON ST STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0296013054
ReturnHeader/PreparerPersonGrp/PhoneNum08642325204
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANCIS H HORTON III CPA
ReturnHeader/ReturnTs02016-04-22T23:25:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.9$65.9$0.00$9.01$2.24$6.77
2023Summary only. Only limited summary data is available for this year.$72.9$72.9$0.00$9.03$2.55$6.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.5$79.5$0.00$9.03$2.86$6.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.7$85.7$0.00$3.41$3.41$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.7$91.7$0.00$3.67$3.67$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.2$97.2$0.00$3.92$3.92$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$102$0.00$4.09$4.09$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$105$0.00$4.18$4.18$0.00
2016Detailed filing. Detailed filing data is available for this year.$104$104$0.12$8.28$8.44$0.15
2015Detailed filing. Detailed filing data is available for this year.$128$116$12.4$7.23$7.23$0.00
2014Detailed filing. Detailed filing data is available for this year.$129$117$12.4$7.21$7.26$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$131$118$12.5$10.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$135$128$6.78$8.78