Civic Intelligence

Palmetto Council Inc Boy Scouts Of

990 • Fiscal year 2019 • EIN 57-0314450

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 21, 2020

420 S Church StSpartanburg, SC 29306

(864) 585-4391

Siviq Scores

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

Liabilities / Assets

57th percentile

0.12x

Higher debt load relative to assets than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.33x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$34,307

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

21st percentile

-4.5%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,177,442

Down $151,387 (-4.5%) from 2018

Net Assets

Down

$2,787,865

Down $271,657 (-8.9%) from 2018

Liabilities

Up

$389,577

Up $120,270 (+45%) from 2018

Revenue

Down

$1,194,462

Down $583,813 (-33%) from 2018

Expenses

Up

$1,384,077

Up $241,942 (+21%) from 2018

Net Income

Down

-$189,615

Down $825,755 (-130%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,287,419Liabilities 2010: $175,508Net Assets 2010: $3,111,9112010Assets 2011: $3,021,289Liabilities 2011: $187,072Net Assets 2011: $2,834,2172011Assets 2012: $3,044,318Liabilities 2012: $124,319Net Assets 2012: $2,919,9992012Assets 2013: $3,288,222Liabilities 2013: $272,868Net Assets 2013: $3,015,3542013Assets 2014: $3,348,052Liabilities 2014: $371,253Net Assets 2014: $2,976,7992014Assets 2015: $3,228,144Liabilities 2015: $315,797Net Assets 2015: $2,912,3472015Assets 2016: $2,914,324Liabilities 2016: $314,893Net Assets 2016: $2,599,4312016Assets 2017: $2,868,218Liabilities 2017: $389,636Net Assets 2017: $2,478,5822017Assets 2018: $3,328,829Liabilities 2018: $269,307Net Assets 2018: $3,059,5222018Assets 2019: $3,177,442Liabilities 2019: $389,577Net Assets 2019: $2,787,8652019Assets 2020: $3,472,138Liabilities 2020: $479,413Net Assets 2020: $2,992,7252020Assets 2021: $3,548,066Liabilities 2021: $431,034Net Assets 2021: $3,117,0322021Assets 2022: $3,151,238Liabilities 2022: $365,311Net Assets 2022: $2,785,9272022Assets 2023: $3,170,682Liabilities 2023: $195,134Net Assets 2023: $2,975,5482023Assets 2024: $3,154,340Liabilities 2024: $211,920Net Assets 2024: $2,942,4202024

Highlighted filing

2019

Assets$3,177,442
Liabilities$389,577
Net Assets$2,787,865

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,693,7612010Expenses 2011: $1,434,4892011Expenses 2012: $1,338,0972012Revenue 2013: $1,483,399Expenses 2013: $1,459,564Net Income 2013: $23,8352013Revenue 2014: $1,329,990Expenses 2014: $1,379,867Net Income 2014: -$49,8772014Revenue 2015: $1,391,234Expenses 2015: $1,427,227Net Income 2015: -$35,9932015Revenue 2016: $954,361Expenses 2016: $1,295,482Net Income 2016: -$341,1212016Revenue 2017: $1,178,983Expenses 2017: $1,379,214Net Income 2017: -$200,2312017Revenue 2018: $1,778,275Expenses 2018: $1,142,135Net Income 2018: $636,1402018Revenue 2019: $1,194,462Expenses 2019: $1,384,077Net Income 2019: -$189,6152019Revenue 2020: $1,346,337Expenses 2020: $1,188,109Net Income 2020: $158,2282020Revenue 2021: $1,277,534Expenses 2021: $1,180,318Net Income 2021: $97,2162021Revenue 2022: $960,241Expenses 2022: $1,103,935Net Income 2022: -$143,6942022Revenue 2023: $1,314,583Expenses 2023: $1,221,356Net Income 2023: $93,2272023Revenue 2024: $1,089,400Expenses 2024: $1,143,903Net Income 2024: -$54,5032024

Highlighted filing

2019

Revenue$1,194,462
Expenses$1,384,077
Net Income-$189,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 21, 2020
Return Version
2019v5.0
Gross Receipts
$1,596,681
Mission and Program Overview

Mission

An affiliate of boy scouts of america, palmetto council provides services to young men and women ages 7-21. The council is dedicated to developing values and life skills in the spartanburg, york, chester, lancaster, union and cherokee counties of south carolina.

An affliate of boy scouts of america, palmetto council provides services to young men and women ages 7-21. The council is dedicated to developing values and life skills in the spartanburg, york, chester, lancaster, union and cherokee counties of south carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,375,149$1,311,913▼ $63,236
Savings and Temporary Cash Investments$343,447--
Cash and Non-Interest-Bearing Accounts$85,900$341,240▲ $255,340
Pledges and Grants Receivable$359,383$211,147▼ $148,236
Prepaid Expenses and Deferred Charges$22,895$45,035▲ $22,140
Accounts Receivable$29,888$6,377▼ $23,511
Inventories for Sale or Use$6,222--
Total Assets$3,328,829$3,177,442▼ $151,387
Other Assets Total$1,105,945$1,261,730▲ $155,785
Liabilities
Escrow Account Liability$149,020$258,264▲ $109,244
Mortgage Notes Payable Secured by Investment Property$86,667$92,112▲ $5,445
Accounts Payable and Accrued Expenses$27,598$29,241▲ $1,643
Deferred Revenue$6,022$9,960▲ $3,938
Total Liabilities$269,307$389,577▲ $120,270
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,219,531$2,306,159▲ $86,628
Net Assets With Donor Restrictions$839,991$481,706▼ $358,285
Total Net Assets Fund Balance$3,059,522$2,787,865▼ $271,657
Total Liabilities and Net Assets / Fund Balance$3,328,829$3,177,442▼ $151,387

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$613,062$1,417,070$2,030,132
Land$646,465-$646,465
Equipment$24,174$179,549$203,723
Other Land Buildings$28,212$46,252$74,464
Other Assets Org$378,568--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,230,875$22,500▲ $187,685-$1,402,113
2018$1,152,108$132,247▼ $21,540-$1,230,875
2017$1,044,585$9,065▲ $135,131-$1,152,108
2016$986,947$18,412▲ $75,560-$1,044,586
2015$1,029,274$7,300▼ $32,311-$986,947
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin WilliamsCEOFT$28,994$5,313$34,307

Board Members and Trustees

NameTitle
William GrayBoard Chair
Allan PangburnBoard Member
Bill BlinkleyBoard Member
Bobby BassBoard Member
Bruce CollinsBoard Member
Cara ThompsonBoard Member
Charles ReidBoard Member
Chris ConnellyBoard Member
Dan AtkinsonBoard Member
Dan CockerillBoard Member
David SimmonsBoard Member
Doug MarionBoard Member
Dustin MadalaBoard Member
Ellis GreeneBoard Member
Gary WilliamsBoard Member
George SheppardBoard Member
Glenn StonerBoard Member
Jimmy SummersBoard Member
Joshua VarnBoard Member
Ken ReiterBoard Member
Ohmar LandBoard Member
Paul SwitzerBoard Member
Richard StrasburgerBoard Member
Scott MillerBoard Member
Tashma GlymphBoard Member
Troy PhillipsBoard Member
Wes ClimerBoard Member
Elton ChapmanCouncil Comm
Boyce Lawton IiiNational COU
Jason LandTreasurer
Robert WhiteVP Dist Oper
Keith SmithVP Facilitie
Keith KellerVP Governanc
Britt HelmsVP Marketing
Helena MillerVP Membershi
Neal BarberVP Program
Revenue and Support

Revenue Composition

Contributions and Grants
$586,953
Program Service Revenue
$51,806
Investment Income
$228,856
Other Revenue
$326,847
All Other Contributions
$544,582
Change in Net Assets
$-189,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,187,606
Revenue Not Reported on Financial Statements
$6,856
Revenue Not Reported on Form 990
$-82,042
Total Revenue per Audited Statements
$1,105,564
Total Revenue per Form 990
$1,194,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$679,287
Other Expenses$667,747
Total Fundraising Expense$359,874
Grants and Similar Amounts Paid$23,678
Professional Fundraising Fees$13,365

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$334,144$28,432$73,110$435,686
Occupancy$30,544$1,656$111,814$144,014
Other Employee Benefits$58,835$5,390$13,859$78,084
Fees for Services Accounting$63,962$4,380-$68,342
Travel$50,178$4,383$11,978$66,539
Depreciation Depletion$56,971$1,291$3,320$61,582
Comp Disqual Persons$39,172$3,656$9,401$52,229
Insurance$39,273$3,191$8,206$50,670
Payroll Taxes$34,195$2,956$7,600$44,751
Pension Plan Contributions$29,812$2,724$7,006$39,542
Current Officers, Directors, Trustees, and Key Employees$21,746$2,030$5,219$28,995
Grants to Domestic Individuals$23,678--$23,678
Other Expenses$18,584$1,275$3,278$23,137
Conferences and Meetings$10,164$9,501$2,434$22,099
Payments to Affiliates$18,363--$18,363
All Other Expenses$10,983$1,025$2,636$14,644
Office Expenses$6,218$301$6,895$13,414
Fees for Services Professional Fundraising--$13,365$13,365
Fees for Service Investment Mgmnt Fees-$6,856-$6,856
Advertising$2,081$263$2,592$4,936
Interest$3,578$334$859$4,771
Total Functional Expenses$941,142$83,061$359,874$1,384,077

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,384,077
Expenses per Audited Statements$1,377,221
Total Expenses per Audited Statements$1,377,221
Expenses Not Reported on Financial Statements$6,856
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$638,680
Fundraising Direct Expenses$402,219
Professional Fundraising Fees$13,365

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Popcorn Sales$585,514$585,514$397,222$188,292
Discount Card S$43,486$43,486$1,209$42,277
Total Events$638,680$638,680$402,219$236,461
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
No
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Active members may elect the members of the governing body and approve significant decisions of the governing body.

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

Active members may elect members at large, regular members of the executive board, and officers of the corporation other than the scout executive.

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

Active members may vote at the annual meeting to receive and approve financial statements showing the financial position of the corporation as of the close of its most recent complete fiscal year and the results of operations during such year, and transacting such other business as may come before the meeting. Active members may vote in other regular meetings and special meetings, including proposals to merge or consolidate.

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

The full board elected a subcommittee consisting of the treasurer, scout executive and a finance committee member to review and approve the form 990.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy for executive board members resolved, that it is the basic policy of the corporation that all executive board members or members of any committee thereof or officers or employees of the corporation have a duty to be free from the influence of any conflicting interest when they act on behalf of the corporation or represent it in negotiations or advise others in the corporation with respect to dealing with third parties. They are expected to deal with suppliers, customers, contractors and others having dealings with the corporation on the sole basis of what is in the best interest of the corporation without favor or preference to third parties based on personal considerations. To this end the following rules shall be observed: no member of the executive board or member of any committee thereof or officer or employee of the corporation shall accept from any person, directly or indirectly, whether by himself or herself or through his or her family or through any partner or business or professional associate, any gift, favor, service, employment or offer of employment or any other thing of value which he or she knows or has reason to believe is made or offered to him or her with the intent to influence him or her in the performance of his or her duties as a member of the executive board or member of any committee thereof or officer or employee of the corporation. No member of the executive board or member of any committee thereof or officer or employee of the corporation who is a partner, officer, or employee of the partnership, firm, or corporation or who owns or controls more than 10 percent of the stock of such corporation, shall represent, appear for, or negotiate on behalf of the corporation in connection with the acquistion or sale by the corporation of any interest in real or tangible or intangible personal property to such partnership, firm, or corporation. No member of the executive board or member of any committee thereof shall participate by discussion, voting, or by any other action taken by the executive board, or any committee thereof, in the enactment of or defeat of a motion which relates to any transaction with any party referred to in paragraph 2 above. In case any such matter is discussed at any meeting where any executive board or committee member who has such an interest is present, he or she shall promptly disclose his or her interest in the matter to be voted on to the chairman of the meeting. He or she shall not vote on the matter and at the discretion of disinterested members present may be required to leave the meeting during the discussion and the voting on the matter.

Form 990, Page 6, Part VI, Line 15A

The palmetto council, boy scouts of america's objective is to provide a reasonable and competitive scout executive compensation opportunity consistent with market-based compensation practices for the chief executive officer possessing the experience and skills needed to improve the overall performance of the palmetto council. The original letter of employment will provide all compensation and benefits for the scout executive. The council president will appoint, each year, a compensation and benefits committee whose responsibilities are to review the performance of the scout executive and to recommend for approval to the executive board salary and benefits for the scout executive. The executive board and compensation and benefits committee are charged with ensuring that the scout executive compensation policy and procedures satisfy the irs intermediate sanctions requirements.

Form 990, Page 6, Part VI, Line 15B

The palmetto council, boy scouts of america's objective is to provide a reasonable and competitive assistant scout executive compensation opportunity consistent with market-based compensation practices for the officer possessing the experience and skills needed to help improve the overall performance of the palmetto council. The original letter of employment will provide all compensation and benefits for the assistant scout executive. The council president will appoint, each year, a compensation and benefits committee whose responsibilities are to review the performance of the officer and to recommend for approval to the executive board, salary and benefits for the officer. The executive board and compensation and benefits committee are charged with ensuring that the officer's compensation policy and procedures satisfy the irs intermediate sanctions requirements.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon a reasonable, written request to its headquarters.

Filing and Contact Details

Filer

Filer Name
Palmetto Council Inc
EIN
57-0314450
Phone
8645854391
Address
420 S CHURCH ST, SPARTANBURG, SC 29306

Signing Officer

Name
Justin Williams
Title
CEO
Phone
8645854391
Signed
2020-09-21

Organization Details

Principal Officer
Justin Williams
Formed
1938
Legal Domicile
Sc
Voting Board Members
36
Independent Board Members
36
Employees
12
Volunteers
1,489

Preparer

Firm
Elliott & Painter Llp
Address
390 EAST HENRY STREET SUITE 203, SPARTANBURG, SC 29302
Preparer
Marcus Q Elliott Sr CPA
Phone
8645831476
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

An affiliate of boy scouts of america, palmetto council provides services to young men and women ages 7-21. The council is dedicated to developing values and life skills in the spartanburg, york, chester, lancaster, union and cherokee counties of south carolina.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization maintains custody of funds collected by the order of the arrow and various units. The activity is accounted for through a liability account.

Schedule D, Page 2, Part V, Line 4

To provide financial support for the council's exempt purposes and maintenance of camp property.

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IRS990/Desc0PROVIDING SUPPORT AND SERVICE TO ADULT LEADERS AND YOUTH MEMBERS THROUGH CHARACTER BUILDING YOUTH DEVELOPMENT PROGRAMS IN 6 COUNTIES. SERVING 5,027 SCOUT MEMBERS AND 1,489 VOLUNTEER LEADERS, THE COUNCIL IS DEEPLY COMMITTED TO HELPING EVERY CHILD DEVELOP LIFELONG SKILLS AND VALUES, EMPHASIZING SUCH TRAITS AS RESPECT, COURAGE, SELF-RELIANCE, SERVICE TO OTHERS, GOOD CITIZENSHIP, DUTY TO GOD, AND MENTAL AND PHYSICAL FITNESS. IN 2019, 122 YOUNG MEN EARNED SCOUTING'S HIGHEST RANK, EAGLE SCOUT, AND PALMETTO COUNCIL MEMBERS PROVIDED OVER 35,198 SERVICE HOURS TO THE COMMUNITY. FOR THE 6TH YEAR, THE PALMETTO COUNCIL HAS PLACED IN THE JOURNEY TO EXCELLENCE PROGRAM. ACHIEVING A SILVER RATING PUTS THE PALMETTO COUNCIL AS ONE OF THE TOP COUNCILS ACROSS THE NATION.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.15$0.21$2.94$1.09$1.14$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.17$0.20$2.98$1.31$1.22$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.15$0.37$2.79$0.96$1.10$0.14
2021Detailed filing. Detailed filing data is available for this year.$3.55$0.43$3.12$1.28$1.18$0.10
2020Detailed filing. Detailed filing data is available for this year.$3.47$0.48$2.99$1.35$1.19$0.16
2019Detailed filing. Detailed filing data is available for this year.$3.18$0.39$2.79$1.19$1.38$0.19
2018Detailed filing. Detailed filing data is available for this year.$3.33$0.27$3.06$1.78$1.14$0.64
2017Detailed filing. Detailed filing data is available for this year.$2.87$0.39$2.48$1.18$1.38$0.20
2016Detailed filing. Detailed filing data is available for this year.$2.91$0.31$2.60$0.95$1.30$0.34
2015Detailed filing. Detailed filing data is available for this year.$3.23$0.32$2.91$1.39$1.43$0.04
2014Detailed filing. Detailed filing data is available for this year.$3.35$0.37$2.98$1.33$1.38$0.05
2013Detailed filing. Detailed filing data is available for this year.$3.29$0.27$3.02$1.48$1.46$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.12$2.92$1.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.19$2.83$1.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$0.18$3.11$1.69