Civic Intelligence

Charleston Inauguration Committee

990 • Fiscal year 2021 • EIN 47-5668708

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 16, 2021

1250 Folly RdCharleston, SC 29412

(843) 614-8888

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Asset Growth

12th percentile

-27%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$16,755

Down $6,325 (-27%) from 2020

Net Assets

Down

$16,755

Down $6,325 (-27%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$0

Down $67,350 (-100%) from 2020

Expenses

Down

$6,325

Down $48,643 (-88%) from 2020

Net Income

Down

-$6,325

Down $18,707 (-151%) from 2020

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2017: $17,411Liabilities 2017: $0Net Assets 2017: $17,4112017Assets 2018: $11,320Liabilities 2018: $0Net Assets 2018: $11,3202018Assets 2019: $10,698Liabilities 2019: $0Net Assets 2019: $10,6982019Assets 2020: $23,080Liabilities 2020: $0Net Assets 2020: $23,0802020Assets 2021: $16,755Liabilities 2021: $0Net Assets 2021: $16,7552021Assets 2022: $10,997Liabilities 2022: $0Net Assets 2022: $10,9972022

Highlighted filing

2021

Assets$16,755
Liabilities$0
Net Assets$16,755

Operations Trend

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

$100K$50K$0-$50KRevenue 2017: $0Expenses 2017: $13,364Net Income 2017: -$13,3642017Revenue 2018: $0Expenses 2018: $6,091Net Income 2018: -$6,0912018Revenue 2019: $0Expenses 2019: $622Net Income 2019: -$6222019Revenue 2020: $67,350Expenses 2020: $54,968Net Income 2020: $12,3822020Revenue 2021: $0Expenses 2021: $6,325Net Income 2021: -$6,3252021Revenue 2022: $0Expenses 2022: $5,758Net Income 2022: -$5,7582022

Highlighted filing

2021

Revenue$0
Expenses$6,325
Net Income-$6,325
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 16, 2021
Return Version
2020v4.1
Gross Receipts
$0
Mission and Program Overview

Mission

Nonpartisan promotion of the inaugeration of all officals elected to city offices in the city of charleston, sc, and the promotion of the arts and welfare of the residents of the city of charleston, sc.

The corporation shall promote social welfare by funding public events honoring and commemorating the inauguration of local public officials, funding private events, panels, seminars and educational and civic programs to foster civic pride and further education in the importance of local and state government, funding the promotion of public service, funding the needs of the impoverish, funding the arts and to do all things necessary or convenient, and not inconsistent with the law, to further these goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,080$16,755▼ $6,325
Rtn Earn Endowment Incm Other Fnds$23,080$16,755▼ $6,325
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$23,080$16,755▼ $6,325
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,080$16,755▼ $6,325
Total Liabilities and Net Assets / Fund Balance$23,080$16,755▼ $6,325
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph TecklenburgChairman/secretary
Paul TecklenburgVice-chairman
Roy T Willey IvTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-6,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,325
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
Fees for Services Accounting-$1,745-$1,745
Fees for Services Other$1,400--$1,400
Other Expenses$3,000$60-$60
Total Functional Expenses$4,400$1,925$0$6,325
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

Joseph and paul tecklenburg are nephew/uncle.

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

A copy of form 990 is to be reviewed by the treasurer.

Form 990, Part VI, Section C, Line 19

The corporation maintains at its principal office the following written corporate records: governing documents and financial statements as of the end of the most recent year. Copies of these reports are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Charleston Inauguration Committee
EIN
47-5668708
Phone
8436148888
Address
1250 FOLLY RD, CHARLESTON, SC 29412

Signing Officer

Name
Roy T Willey Iv
Title
Treasurer
Phone
8436148888
Signed
2021-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roy T Willey Iv
Formed
2015
Legal Domicile
Sc
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Hoffman & Hoffman CPA Pa
Address
PO BOX 31212, CHARLESTON, SC 29417
Preparer
Brandon J Hoffman
Phone
8437663465
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 1,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,400.

Raw XML Appendix263 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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IRS990/ActivityOrMissionDesc0THE CORPORATION SHALL PROMOTE SOCIAL WELFARE BY FUNDING PUBLIC EVENTS HONORING AND COMMEMORATING THE INAUGURATION OF LOCAL PUBLIC OFFICIALS, FUNDING PRIVATE EVENTS, PANELS, SEMINARS AND EDUCATIONAL AND CIVIC PROGRAMS TO FOSTER CIVIC PRIDE AND FURTHER EDUCATION IN THE IMPORTANCE OF LOCAL AND STATE GOVERNMENT, FUNDING THE PROMOTION OF PUBLIC SERVICE, FUNDING THE NEEDS OF THE IMPOVERISH, FUNDING THE ARTS AND TO DO ALL THINGS NECESSARY OR CONVENIENT, AND NOT INCONSISTENT WITH THE LAW, TO FURTHER THESE GOALS.
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IRS990/Desc0PROMOTION OF 2017 AND FUTURE CITY OF CHARLESTON INAUGUARTION OF CITY ELECTED OFFICIALS. NON PARTISAN CELEBRATION OF ALL OFFICIALS ELECTED TO CITY OFFICE. INITIATED JANUARY 2016 AND WILL RECUR EVERY 4 YEARS AT THE GAILLARD CENTER AND OTHER PUBLIC LOCATIONS IN CHARLESTON, SC.
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IRS990/Form990PartVIISectionAGrp/PersonNm0ROY T WILLEY IV
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSEPH TECKLENBURG
IRS990/Form990PartVIISectionAGrp/PersonNm2PAUL TECKLENBURG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIRMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/GoverningBodyVotingMembersCnt04
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IRS990/MethodOfAccountingCashInd0X
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IRS990/MissionDesc0NONPARTISAN PROMOTION OF THE INAUGERATION OF ALL OFFICALS ELECTED TO CITY OFFICES IN THE CITY OF CHARLESTON, SC, AND THE PROMOTION OF THE ARTS AND WELFARE OF THE RESIDENTS OF THE CITY OF CHARLESTON, SC.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOSEPH AND PAUL TECKLENBURG ARE NEPHEW/UNCLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS TO BE REVIEWED BY THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION MAINTAINS AT ITS PRINCIPAL OFFICE THE FOLLOWING WRITTEN CORPORATE RECORDS: GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AS OF THE END OF THE MOST RECENT YEAR. COPIES OF THESE REPORTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,400.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-16
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ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0475668708
ReturnHeader/Filer/PhoneNum08436148888
ReturnHeader/Filer/USAddress/AddressLine1Txt01250 FOLLY RD
ReturnHeader/Filer/USAddress/CityNm0CHARLESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029412
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570807406
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOFFMAN & HOFFMAN CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 31212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029417
ReturnHeader/PreparerPersonGrp/PhoneNum08437663465
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRANDON J HOFFMAN
ReturnHeader/ReturnTs02021-11-24T10:08:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILLEY IV
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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