Civic Intelligence

Frazee Center

990 • Fiscal year 2020 • EIN 46-1185268

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

8110 Hwy 81 NEasley, SC 29642

(864) 616-6408

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.05x

Higher debt load relative to assets than 52% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

0.14x

Higher debt load relative to revenue than 63% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

34th percentile

-1.9%

Higher net margin than 34% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

59th percentile

$30,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

45th percentile

4.2%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

63%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$826,616

Up $33,122 (+4.2%) from 2019

Net Assets

Down

$782,186

Down $5,818 (-0.7%) from 2019

Liabilities

Up

$44,430

Up $38,940 (+709%) from 2019

Revenue

Up

$310,505

Up $119,443 (+63%) from 2019

Expenses

Down

$316,322

Down $135,178 (-30%) from 2019

Net Income

Up

-$5,817

Up $254,621 (+98%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $835,363Liabilities 2014: $403,686Net Assets 2014: $431,6772014Assets 2015: $806,036Liabilities 2015: $403,110Net Assets 2015: $402,9262015Assets 2016: $759,735Liabilities 2016: $366,522Net Assets 2016: $393,2132016Assets 2017: $925,545Liabilities 2017: $368,510Net Assets 2017: $557,0352017Assets 2018: $1,065,834Liabilities 2018: $17,392Net Assets 2018: $1,048,4422018Assets 2019: $793,494Liabilities 2019: $5,490Net Assets 2019: $788,0042019Assets 2020: $826,616Liabilities 2020: $44,430Net Assets 2020: $782,1862020Assets 2021: $1,055,338Liabilities 2021: $6,006Net Assets 2021: $1,049,3322021Assets 2022: $918,364Liabilities 2022: $8,997Net Assets 2022: $909,3672022Assets 2023: $917,776Liabilities 2023: $2,972Net Assets 2023: $914,8042023Assets 2024: $852,012Liabilities 2024: $3,416Net Assets 2024: $848,5962024

Highlighted filing

2020

Assets$826,616
Liabilities$44,430
Net Assets$782,186

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $773,341Expenses 2014: $445,274Net Income 2014: $328,0672014Revenue 2015: $552,251Expenses 2015: $581,002Net Income 2015: -$28,7512015Revenue 2016: $584,535Expenses 2016: $594,249Net Income 2016: -$9,7142016Revenue 2017: $711,561Expenses 2017: $547,884Net Income 2017: $163,6772017Revenue 2018: $875,534Expenses 2018: $384,127Net Income 2018: $491,4072018Revenue 2019: $191,062Expenses 2019: $451,500Net Income 2019: -$260,4382019Revenue 2020: $310,505Expenses 2020: $316,322Net Income 2020: -$5,8172020Revenue 2021: $527,030Expenses 2021: $304,260Net Income 2021: $222,7702021Revenue 2022: $232,879Expenses 2022: $372,847Net Income 2022: -$139,9682022Revenue 2023: $264,604Expenses 2023: $259,167Net Income 2023: $5,4372023Revenue 2024: $218,361Expenses 2024: $284,569Net Income 2024: -$66,2082024

Highlighted filing

2020

Revenue$310,505
Expenses$316,322
Net Income-$5,817
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$310,505
Mission and Program Overview

Mission

The center runs a free preschool for 3 & 4 year olds and free afterschool activities for k5 thru 8th grade. Students will be assigned mentors and will be taught to work

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$571,348$645,278▲ $73,930
Cash and Non-Interest-Bearing Accounts$40,361$90,272▲ $49,911
Savings and Temporary Cash Investments$176,966$86,247▼ $90,719
Investments in Publicly Traded Securities$4,819$4,819→ $0
Total Assets$793,494$826,616▲ $33,122
Liabilities
Accounts Payable and Accrued Expenses$5,490$44,430▲ $38,940
Total Liabilities$5,490$44,430▲ $38,940
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$788,004$782,186▼ $5,818
Total Net Assets Fund Balance$788,004$782,186▼ $5,818
Total Liabilities and Net Assets / Fund Balance$793,494$826,616▲ $33,122

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$564,928$53,682$618,610
Other Land Buildings$15,744$61,468$77,212
Land$50,000-$50,000
Equipment$14,606$16,428$31,034
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jenny ReevesTreasurerFT$30,000$30,000

Board Members and Trustees

NameTitle
Jason LesleyPresident
Gresham BrownVice-president
BONNIE McCLAINDirector
David SpannDirector
Matt ReevesDirector
Alise BrownSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$309,846
Program Service Revenue
$0
Investment Income
$81
Other Revenue
$578
All Other Contributions
$287,849
Change in Net Assets
$-5,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$176,254
Other Expenses$140,068
Total Fundraising Expense$27,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$114,750$6,750$13,500$135,000
Depreciation Depletion$24,153$13,006$0$37,159
Current Officers, Directors, Trustees, and Key Employees$4,500$13,500$12,000$30,000
All Other Expenses$27,683$1,169$0$28,852
Insurance$7,934$4,272$0$12,206
Occupancy$7,404$3,987$0$11,391
Payroll Taxes$8,215$1,351$1,688$11,254
Other Expenses$6,768$2,256$0$9,024
Office Expenses$3,421$1,842$0$5,263
Fees for Services Accounting$0$1,080$0$1,080
Fees for Services Management$204$68$0$272
Travel$0$84$0$84
Total Functional Expenses$234,174$54,960$27,188$316,322
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Frazee Center
EIN
46-1185268
Phone
8646166408
Address
8110 HWY 81 N, EASLEY, SC 29642

Signing Officer

Name
Jenny Reeves
Title
Treasurer
Phone
8646166408
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenny Reeves
Formed
2013
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
450

Preparer

Firm
Francis M Branyon Iii CPA LLC
Address
PO BOX 4134, ANDERSON, SC 29622
Preparer
Francis M Branyon Iii
Phone
8642264100
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

Minutes are kept of director meetings

Pt VI, Line 11B

The treasurer and president review the 990 prior to submission

Pt VI, Line 12C

The directors review the conflict of interest on an annual basis

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0643
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
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IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/PublicSupportPY509Pct00.99360
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0332527
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0683878
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0584478
IRS990ScheduleA/Total509Grp/TotalAmt02101564
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0564928
IRS990ScheduleD/BuildingsGrp/DepreciationAmt053682
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0618610
IRS990ScheduleD/EquipmentGrp/BookValueAmt014606
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016428
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031034
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015744
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061468
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt077212
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0645278
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES ARE KEPT OF DIRECTOR MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER AND PRESIDENT REVIEW THE 990 PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTORS REVIEW THE CONFLICT OF INTEREST ON AN ANNUAL BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
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IRS990/TotalEmployeeCnt08
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054960
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0234174
IRS990/TotalFunctionalExpensesGrp/TotalAmt0316322
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05490
IRS990/TotalLiabilitiesEOYAmt044430
IRS990/TotalLiabilitiesGrp/BOYAmt05490
IRS990/TotalLiabilitiesGrp/EOYAmt044430
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0788004
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0782186
IRS990/TotalOtherCompensationAmt00
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IRS990/TotalReportableCompFromOrgAmt030000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0659
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0310505
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0450
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0793494
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0826616
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt084
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt084
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt08110 HWY 81 N
IRS990/USAddress/CityNm0EASLEY
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029642
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNY REEVES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08646166408
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FRAZEE CENTER
ReturnHeader/Filer/BusinessNameControlTxt0FRAZ
ReturnHeader/Filer/EIN0461185268
ReturnHeader/Filer/PhoneNum08646166408
ReturnHeader/Filer/USAddress/AddressLine1Txt08110 HWY 81 N
ReturnHeader/Filer/USAddress/CityNm0EASLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029642
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRANCIS M BRANYON III CPA LLC

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