Civic Intelligence

Dorchester Two Educational Foundation

990 • Fiscal year 2019 • EIN 46-3049858

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 13, 2020

115 Devon RoadSummerville, SC 29483

(843) 873-2901

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.71x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

0.30x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

10th percentile

-40%

Higher net margin than 10% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

1.2%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$136,512

Down $31,302 (-19%) from 2018

Net Assets

Down

$39,318

Down $128,496 (-77%) from 2018

Liabilities

Up

$97,194

Up $97,194 from 2018

Revenue

Up

$324,172

Up $3,903 (+1.2%) from 2018

Expenses

Up

$452,668

Up $225,081 (+99%) from 2018

Net Income

Down

-$128,496

Down $221,178 (-239%) from 2018

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $25,677Liabilities 2014: $15,946Net Assets 2014: $9,7312014Assets 2015: $112,549Liabilities 2015: $37,251Net Assets 2015: $75,2982015Assets 2016: $38,850Liabilities 2016: $2,796Net Assets 2016: $36,0542016Assets 2017: $75,732Liabilities 2017: $600Net Assets 2017: $75,1322017Assets 2018: $167,814Liabilities 2018: $0Net Assets 2018: $167,8142018Assets 2019: $136,512Liabilities 2019: $97,194Net Assets 2019: $39,3182019Assets 2020: $74,960Liabilities 2020: $0Net Assets 2020: $74,9602020Assets 2021: $79,622Liabilities 2021: $0Net Assets 2021: $79,6222021Assets 2022: $151,711Liabilities 2022: $6,350Net Assets 2022: $145,3612022Assets 2023: $152,842Liabilities 2023: $4,201Net Assets 2023: $148,6412023Assets 2024: $164,220Liabilities 2024: $146Net Assets 2024: $164,0742024

Highlighted filing

2019

Assets$136,512
Liabilities$97,194
Net Assets$39,318

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $25,775Expenses 2014: $16,044Net Income 2014: $9,7312014Revenue 2015: $123,204Expenses 2015: $57,637Net Income 2015: $65,5672015Revenue 2016: $240,315Expenses 2016: $279,558Net Income 2016: -$39,2432016Revenue 2017: $220,425Expenses 2017: $181,347Net Income 2017: $39,0782017Revenue 2018: $320,269Expenses 2018: $227,587Net Income 2018: $92,6822018Revenue 2019: $324,172Expenses 2019: $452,668Net Income 2019: -$128,4962019Revenue 2020: $173,169Expenses 2020: $137,527Net Income 2020: $35,6422020Revenue 2021: $97,433Expenses 2021: $92,771Net Income 2021: $4,6622021Revenue 2022: $228,457Expenses 2022: $162,718Net Income 2022: $65,7392022Revenue 2023: $368,023Expenses 2023: $364,743Net Income 2023: $3,2802023Revenue 2024: $435,491Expenses 2024: $420,058Net Income 2024: $15,4332024

Highlighted filing

2019

Revenue$324,172
Expenses$452,668
Net Income-$128,496
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 13, 2020
Return Version
2018v3.2
Gross Receipts
$365,843
Mission and Program Overview

Mission

Dorchester two educational foundation exists to support the charitable and educational purposes of dorchester county school district two.

Dorchester two educational foundation is organized and shall be operated exclusicely for charitable and education purposes for the benefit of school district no 2 dorchester county, sc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$158,408$136,512▼ $21,896
Accounts Receivable$9,406--
Total Assets$167,814$136,512▼ $31,302
Liabilities
Accounts Payable and Accrued Expenses-$97,194-
Total Liabilities$0$97,194▲ $97,194
Net Assets / Fund Balance
Unrestricted Net Assets$167,814$39,318▼ $128,496
Total Net Assets Fund Balance$167,814$39,318▼ $128,496
Total Liabilities and Net Assets / Fund Balance$167,814$136,512▼ $31,302
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$252,508
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$71,664
All Other Contributions
$252,508
Change in Net Assets
$-128,496

Audited Revenue Reconciliation

Revenue per Audited Statements
$324,172
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$41,671
Total Revenue per Audited Statements
$365,843
Total Revenue per Form 990
$324,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$442,786
Other Expenses$9,882
Total Fundraising Expense$4,561
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$442,786--$442,786
Advertising--$4,561$4,561
Information Technology-$2,302-$2,302
Office Expenses-$1,782-$1,782
Other Expenses-$1,237-$1,237
Total Functional Expenses$442,786$5,321$4,561$452,668

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$494,339
Expenses per Audited Statements$452,668
Total Expenses per Form 990$452,668
Expenses Not Reported on Form 990$41,671
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dorchester School District TwoSummerville, SCGovernmentTo Support Initatives of Dorchester School District Two$442,786
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$113,335
Fundraising Direct Expenses$41,671
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Event$97,095$97,095$36,804$60,291
Obstacle Challenge$15,028$15,028$4,721$10,307
Total Events$113,335$113,335$41,671$71,664
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 B, Line 11B

The form 990 copy provided to the executive committee of the board for review prior to filing.

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

The executive director constantly reviews annual listing provided by board members for potential conflicts.

Form 990, Part VI, Section C, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Dorchester School District Two Education
EIN
46-3049858
Phone
8438732901
Address
115 DEVON ROAD, SUMMERVILLE, SC 29483

Signing Officer

Name
Mr James Weaver
Title
Board Chair
Phone
8438732901
Signed
2020-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr James Weaver
Formed
2013
Legal Domicile
Sc
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
125

Preparer

Firm
Elliott Davis Llcpllc
Address
1901 MAIN STREET SUITE 900, COLUMBIA, SC 29201
Preparer
Denise P Hill
Phone
8032560002
Supplemental Narrative

Additional Explanations

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

The process for overseeing the audit has not changed from the prior year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted with revenue 41,671.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted with revenue 41,671.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt041671
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0452668
IRS990ScheduleD/OtherExpensesIncludedAmt041671
IRS990ScheduleD/OtherRevenueAmt041671
IRS990ScheduleD/RevenueNotReportedAmt041671
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0324172
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES NETTED WITH REVENUE 41,671.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES NETTED WITH REVENUE 41,671.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0452668
IRS990ScheduleD/TotalRevenuePerForm990Amt0324172
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0365843
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0494339
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt041671
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0OBSTACLE CHALLENGE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt097095
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt015028
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt01212
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0113335
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt097095
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt015028
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt01212
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0113335
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt071664
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0146
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt041671
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt036804
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04721
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0442786
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOVERNMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT INITATIVES OF DORCHESTER SCHOOL DISTRICT TWO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DORCHESTER SCHOOL DISTRICT TWO
IRS990ScheduleI/RecipientTable/RecipientEIN0576001626
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0115 DEVON ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SUMMERVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029483
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 COPY PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR CONSTANTLY REVIEWS ANNUAL LISTING PROVIDED BY BOARD MEMBERS FOR POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR OVERSEEING THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 12, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NOT APPLICABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DORCHESTER COUNTY SCHOOL DISTRICT TWO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0576001626
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0SECTION 115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC SECONDARY EDUCATION INSTITUTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0NOT APPLICABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0115 DEVON ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SUMMERVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029483
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0442786
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0DORCHESTER COUNTY SCHOOL DISTRICT TWO
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
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/TotalAssetsBOYAmt0167814
IRS990/TotalAssetsEOYAmt0136512
IRS990/TotalAssetsGrp/BOYAmt0167814
IRS990/TotalAssetsGrp/EOYAmt0136512
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0252508
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04561
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05321
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0442786
IRS990/TotalFunctionalExpensesGrp/TotalAmt0452668
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt097194
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt097194

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$4.35$4.20$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.04$1.49$3.68$3.65$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.06$1.45$2.28$1.63$0.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.00$0.80$0.97$0.93$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.00$0.75$1.73$1.38$0.36
2019Detailed filing. Detailed filing data is available for this year.$1.37$0.97$0.39$3.24$4.53$1.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.00$1.68$3.20$2.28$0.93
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.01$0.75$2.20$1.81$0.39
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.03$0.36$2.40$2.80$0.39
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.37$0.75$1.23$0.58$0.66
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.16$0.10$0.26$0.16$0.10
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00