Civic Intelligence

Governor'S School for the Arts

EIN 57-0794878 • 501(c)3 • Greenville, SC

Profile

We serve south carolina's artistically talented students by increasing awareness and raising revenues to ensure excellence in our nation's premiere public residential school for the arts.

PO Box 8458Greenville, SC 29604

www.gsafoundation.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

16th percentile

0.01x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

24th percentile

-6.2%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

47th percentile

$123,300

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

48th percentile

3.3%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

22nd percentile

-9.3%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$7,915,093

Up $394,610 (+5.2%) from 2022

Liabilities

Up

$181,053

Up $144,599 (+397%) from 2022

Net Assets

Up

$7,734,040

Up $250,011 (+3.3%) from 2022

Revenue

Up

$1,209,788

Up $694,911 (+135%) from 2022

Expenses

Up

$1,780,014

Up $291,213 (+20%) from 2022

Net Income

Up

-$570,226

Up $403,698 (+41%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,579,318Liabilities 2011: $9,500Net Assets 2011: $3,569,8182011Assets 2012: $3,557,035Liabilities 2012: $10,130Net Assets 2012: $3,546,9052012Assets 2013: $3,998,125Liabilities 2013: $14,602Net Assets 2013: $3,983,5232013Assets 2014: $4,427,964Liabilities 2014: $5,445Net Assets 2014: $4,422,5192014Assets 2015: $4,698,492Liabilities 2015: $9,426Net Assets 2015: $4,689,0662015Assets 2016: $5,794,893Liabilities 2016: $12,000Net Assets 2016: $5,782,8932016Assets 2017: $6,374,233Liabilities 2017: $12,430Net Assets 2017: $6,361,8032017Assets 2018: $6,508,811Liabilities 2018: $11,387Net Assets 2018: $6,497,4242018Assets 2019: $6,791,156Liabilities 2019: $11,058Net Assets 2019: $6,780,0982019Assets 2020: $6,951,882Liabilities 2020: $50,897Net Assets 2020: $6,900,9852020Assets 2022: $7,520,483Liabilities 2022: $36,454Net Assets 2022: $7,484,0292022Assets 2023: $7,915,093Liabilities 2023: $181,053Net Assets 2023: $7,734,0402023

Highlighted filing

2023

Assets$7,915,093
Liabilities$181,053
Net Assets$7,734,040

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,068,716Expenses 2011: $713,421Net Income 2011: $355,2952011Revenue 2012: $588,366Expenses 2012: $611,279Net Income 2012: -$22,9132012Revenue 2013: $1,206,748Expenses 2013: $770,130Net Income 2013: $436,6182013Revenue 2014: $1,575,203Expenses 2014: $1,136,207Net Income 2014: $438,9962014Revenue 2015: $1,194,919Expenses 2015: $928,372Net Income 2015: $266,5472015Revenue 2016: $1,927,507Expenses 2016: $833,680Net Income 2016: $1,093,8272016Revenue 2017: $1,355,891Expenses 2017: $776,981Net Income 2017: $578,9102017Revenue 2018: $1,043,621Expenses 2018: $908,000Net Income 2018: $135,6212018Revenue 2019: $1,256,365Expenses 2019: $973,691Net Income 2019: $282,6742019Revenue 2020: $1,280,520Expenses 2020: $1,159,633Net Income 2020: $120,8872020Revenue 2022: $514,877Expenses 2022: $1,488,801Net Income 2022: -$973,9242022Revenue 2023: $1,209,788Expenses 2023: $1,780,014Net Income 2023: -$570,2262023

Highlighted filing

2023

Revenue$1,209,788
Expenses$1,780,014
Net Income-$570,226

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 4, 2019
Return Version
2017v2.3
Gross Receipts
$1,043,621
Mission and Program Overview

Mission

We serve south carolina's artistically talented students by increasing awareness and raising revenues to ensure excellence in our nation's premiere public residential high school for the arts. The foundation raises private dollars to increase access to the school for students with financial needs, supports the school's efforts to provide arts education in under-resourced counties, and bridges the gap between state funding and the unique needs of a premiere public arts school.

We serve south carolina's artistically talented students by increasing awareness and raising revenues to ensure excellence in our nation's premiere public residential high school for the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,834,350$5,116,396▲ $282,046
Cash and Non-Interest-Bearing Accounts$1,416,383$1,338,415▼ $77,968
Pledges and Grants Receivable$123,500$54,000▼ $69,500
Total Assets$6,374,233$6,508,811▲ $134,578
Liabilities
Accounts Payable and Accrued Expenses$12,430$11,387▼ $1,043
Total Liabilities$12,430$11,387▼ $1,043
Net Assets / Fund Balance
Unrestricted Net Assets$4,684,355$4,713,520▲ $29,165
Temporarily Rstr Net Assets$1,053,987$1,120,876▲ $66,889
Permanently Rstr Net Assets$623,461$663,028▲ $39,567
Total Net Assets Fund Balance$6,361,803$6,497,424▲ $135,621
Total Liabilities and Net Assets / Fund Balance$6,374,233$6,508,811▲ $134,578

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$23,986$23,986

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,901,087$1,043,591▲ $132,560$222,752$4,854,486
2014$3,597,508$389,990▲ $69,938$156,349$3,901,087
2013$2,981,623$340,000▲ $425,632$149,747$3,597,508
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$753,427
Program Service Revenue
$0
Investment Income
$108,917
Other Revenue
$181,277
All Other Contributions
$753,427
Change in Net Assets
$135,621

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$34,306
Total Noncash Contributions1$34,306

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,043,621
Total Revenue per Audited Statements
$1,043,621
Total Revenue per Form 990
$1,043,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$483,220
Salaries, Compensation, and Employee Benefits$235,576
Other Expenses$189,204
Total Fundraising Expense$180,941
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$483,220--$483,220
Other Salaries and Wages$90,777$58,569$68,337$217,683
Payroll Taxes$6,789$5,845$5,259$17,893
Office Expenses$1,570$8,533$1,832$11,935
Insurance$2,124$2,124$2,124$6,372
Occupancy$1,388$1,068$1,613$4,069
Advertising$3,110--$3,110
Other Expenses$544$15$7,510$15
Total Functional Expenses$589,522$137,537$180,941$908,000

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$908,000
Total Expenses per Audited Statements$908,000
Total Expenses per Form 990$908,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Governors SchoolGreenville, SC-See Mission$483,220
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
Backup withholding compliance
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

Governance Explanations

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

Executive director and finance committee review and approve the 990.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
GOVERNOR'S SCHOOL FOR THE ARTS
EIN
57-0794878
Phone
8642821570
Address
PO BOX 8458, GREENVILLE, SC 29604

Signing Officer

Name
Rochelle Williams
Title
Executive Director
Phone
8642821570
Signed
2019-02-04

Organization Details

Principal Officer
Tim Mcclain
Formed
1985
Legal Domicile
Sc
Voting Board Members
22
Independent Board Members
22
Employees
4

Preparer

Firm
Highsmith & Highsmith LLC
Address
329 S MAIN STREET, TRAVELERS REST, SC 29690-1815
Preparer
J Todd Highsmith CPA
Phone
8648343868
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