Civic Intelligence

Sc Chamber Education and Workforce Development Foundation

990 • Fiscal year 2016 • EIN 57-0901267

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 06, 2017

1301 Gervais Street No 1100Columbia, SC 29201

(803) 799-4601

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.22x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.45x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

37th percentile

-1.2%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

66th percentile

6.8%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-4.0%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,754,973

Up $112,090 (+6.8%) from 2015

Net Assets

Up

$1,367,648

Up $52,478 (+4.0%) from 2015

Liabilities

Up

$387,325

Up $59,612 (+18%) from 2015

Revenue

Down

$870,076

Down $35,951 (-4.0%) from 2015

Expenses

Down

$880,438

Down $30,670 (-3.4%) from 2015

Net Income

Down

-$10,362

Down $5,281 (-104%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,508,302Liabilities 2011: $261,983Net Assets 2011: $1,246,3192011Assets 2012: $1,606,862Liabilities 2012: $224,508Net Assets 2012: $1,382,3542012Assets 2013: $1,610,535Liabilities 2013: $256,183Net Assets 2013: $1,354,3522013Assets 2014: $1,715,619Liabilities 2014: $303,309Net Assets 2014: $1,412,3102014Assets 2015: $1,642,883Liabilities 2015: $327,713Net Assets 2015: $1,315,1702015Assets 2016: $1,754,973Liabilities 2016: $387,325Net Assets 2016: $1,367,6482016Assets 2017: $1,755,754Liabilities 2017: $298,401Net Assets 2017: $1,457,3532017Assets 2018: $1,619,914Liabilities 2018: $134,780Net Assets 2018: $1,485,1342018Assets 2019: $1,680,828Liabilities 2019: $172,058Net Assets 2019: $1,508,7702019Assets 2020: $1,976,345Liabilities 2020: $368,827Net Assets 2020: $1,607,5182020Assets 2021: $2,196,767Liabilities 2021: $349,162Net Assets 2021: $1,847,6052021Assets 2022: $1,913,859Liabilities 2022: $387,445Net Assets 2022: $1,526,4142022Assets 2023: $1,982,658Liabilities 2023: $391,783Net Assets 2023: $1,590,8752023Assets 2024: $2,238,927Liabilities 2024: $409,916Net Assets 2024: $1,829,0112024Assets 2025: $2,412,093Liabilities 2025: $531,455Net Assets 2025: $1,880,6382025

Highlighted filing

2016

Assets$1,754,973
Liabilities$387,325
Net Assets$1,367,648

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $516,386Expenses 2011: $687,674Net Income 2011: -$171,2882011Expenses 2012: $1,016,3312012Expenses 2013: $979,0642013Revenue 2014: $900,667Expenses 2014: $893,102Net Income 2014: $7,5652014Revenue 2015: $906,027Expenses 2015: $911,108Net Income 2015: -$5,0812015Revenue 2016: $870,076Expenses 2016: $880,438Net Income 2016: -$10,3622016Revenue 2017: $662,367Expenses 2017: $682,784Net Income 2017: -$20,4172017Revenue 2018: $421,642Expenses 2018: $438,715Net Income 2018: -$17,0732018Revenue 2019: $216,220Expenses 2019: $209,039Net Income 2019: $7,1812019Revenue 2020: $77,149Expenses 2020: $66,678Net Income 2020: $10,4712020Revenue 2021: $125,999Expenses 2021: $97,787Net Income 2021: $28,2122021Revenue 2022: $238,517Expenses 2022: $263,649Net Income 2022: -$25,1322022Revenue 2023: $278,618Expenses 2023: $311,962Net Income 2023: -$33,3442023Revenue 2024: $229,124Expenses 2024: $304,901Net Income 2024: -$75,7772024Revenue 2025: $987,688Expenses 2025: $992,802Net Income 2025: -$5,1142025

Highlighted filing

2016

Revenue$870,076
Expenses$880,438
Net Income-$10,362
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 6, 2017
Return Version
2015v3.0
Gross Receipts
$870,076
Mission and Program Overview

Mission

The foundation's education workforce and diversity interests are broad. It seeks to promote collaboration among a wide range of stakeholders- school staff (pre-school through higher education), families, community organizations, agencies, and businesses. The foundation seeks to further its interests through a carefully considered identification and subsequent funding of worthy activities, research studies, and projects. It is authorized by its by-laws to engage in activities that are designed to enhance public education, workforce development and diversity inclusion.

Coordinate efforts with sc governor's office and sc school board to implement policies and procedures to improve education in south carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,252,335$1,288,803▲ $36,468
Cash and Non-Interest-Bearing Accounts$387,478$460,995▲ $73,517
Accounts Receivable-$3,618-
Land, Buildings, and Equipment, Net$3,070$1,557▼ $1,513
Total Assets$1,642,883$1,754,973▲ $112,090
Liabilities
Deferred Revenue$284,117$341,163▲ $57,046
Accounts Payable and Accrued Expenses$43,596$46,162▲ $2,566
Total Liabilities$327,713$387,325▲ $59,612
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,140,170$1,192,648▲ $52,478
Permanently Rstr Net Assets$175,000$175,000→ $0
Total Net Assets Fund Balance$1,315,170$1,367,648▲ $52,478
Total Liabilities and Net Assets / Fund Balance$1,642,883$1,754,973▲ $112,090

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,557$9,725$11,282

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$175,000---$175,000
2014$175,000---$175,000
2013$175,000---$175,000
2012$175,000---$175,000
2011$175,000---$175,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bob StatonChair
Emerson GowerVice Chair
Don HerriottDirector
Frank LucasDirector
Jim Reynolds JrDirector
Sara FisherDirector
Robbie BarnettSecretary
Darin AldingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$673,771
Program Service Revenue
$127,330
Investment Income
$67,975
Other Revenue
$1,000
All Other Contributions
$336,678
Change in Net Assets
$-10,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$839,438
Grants and Similar Amounts Paid$41,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$50,661--$50,661
All Other Expenses$32,309$9,044-$41,353
Grants to Domestic Individuals$41,000--$41,000
Travel$27,637--$27,637
Other Expenses$25,000$85,177-$25,000
Office Expenses-$15,576-$15,576
Insurance$4,426--$4,426
Depreciation Depletion-$1,513-$1,513
Total Functional Expenses$769,128$111,310$0$880,438
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
Audit committee
Yes
Backup withholding compliance
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 A, Line 8B

The sc business center for excellence in education does not have separate committee's to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

A draft of form 990 is given to the treasurer for review and comments.

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

Board of directors and employees are required to notify the president and ceo of any conflicts of interest.

Form 990, Part VI, Section C, Line 19

These documents are maintained on the premises of the organization and are available upon request.

Filing and Contact Details

Filer

Filer Name
South Carolina Business Center for
EIN
57-0901267
Phone
8037994601
Address
1301 GERVAIS STREET NO 1100, COLUMBIA, SC 29201

Signing Officer

Name
SUSAN O'NEAL
Title
VP Finance
Phone
8037994601
Signed
2017-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ted Pitts
Formed
1989
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Derrick Stubbs & Stith Llp
Address
508 HAMPTON STREET 1ST FLOOR, COLUMBIA, SC 29201
Preparer
Alan F Grimsley CPA
Phone
8037995810
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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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IRS990ScheduleA/OtherIncome170Grp/TotalAmt010663
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78610
IRS990ScheduleA/PublicSupportPY170Pct00.77450
IRS990ScheduleA/PublicSupportTotal170Amt03113225
IRS990ScheduleA/SubstantialContributorsTotAmt0559971
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0655822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0699820
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0718302
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0763995
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0835257
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03673196
IRS990ScheduleA/TotalSupportAmt03960551
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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/CYEndwmtFundGrp/BeginningYearBalanceAmt0175000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0175000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0175000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0175000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0175000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0175000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0175000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0175000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0175000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0175000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01557
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09725
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011282
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01557
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt031000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0STUDENTS THAT THE ORGANIZATION PROVIDES MENTORING SERVICES FOR ATTEND THE BUSINESS WEEK PROGRAM. ADDITIONALLY, SCHOLARSHIPS ARE PROVIDED IF STUDENTS STAY ENROLLED IN A SOUTH CAROLINA COLLEGE FOR FOUR YEARS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SC BUSINESS CENTER FOR EXCELLENCE IN EDUCATION DOES NOT HAVE SEPARATE COMMITTEE'S TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS GIVEN TO THE TREASURER FOR REVIEW AND COMMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS AND EMPLOYEES ARE REQUIRED TO NOTIFY THE PRESIDENT AND CEO OF ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE MAINTAINED ON THE PREMISES OF THE ORGANIZATION AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01140170
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01192648
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01642883
IRS990/TotalAssetsEOYAmt01754973
IRS990/TotalAssetsGrp/BOYAmt01642883
IRS990/TotalAssetsGrp/EOYAmt01754973
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0673771
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0111310
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0769128
IRS990/TotalFunctionalExpensesGrp/TotalAmt0880438
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0327713
IRS990/TotalLiabilitiesEOYAmt0387325
IRS990/TotalLiabilitiesGrp/BOYAmt0327713
IRS990/TotalLiabilitiesGrp/EOYAmt0387325
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01315170
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01367648
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0769128
IRS990/TotalProgramServiceRevenueAmt0127330
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt067975
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0128330
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0870076
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01642883
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01754973
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt027637
IRS990/TravelGrp/TotalAmt027637
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01301 GERVAIS STREET 1100
IRS990/USAddress/CityNm0COLUMBIA
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029201
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN O'NEAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP FINANCE
ReturnHeader/BusinessOfficerGrp/PhoneNum08037994601
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH CAROLINA BUSINESS CENTER FOR
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EXCELLENCE IN EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0570901267
ReturnHeader/Filer/PhoneNum08037994601
ReturnHeader/Filer/USAddress/AddressLine1Txt01301 GERVAIS STREET NO 1100
ReturnHeader/Filer/USAddress/CityNm0COLUMBIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570306533
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DERRICK STUBBS & STITH LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0508 HAMPTON STREET 1ST FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029201
ReturnHeader/PreparerPersonGrp/PhoneNum08037995810
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN F GRIMSLEY CPA
ReturnHeader/ReturnTs02017-02-08T08:46:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.41$0.53$1.88$0.99$0.99$0.01
2024Detailed filing. Detailed filing data is available for this year.$2.24$0.41$1.83$0.23$0.30$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.98$0.39$1.59$0.28$0.31$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.91$0.39$1.53$0.24$0.26$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.35$1.85$0.13$0.10$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.98$0.37$1.61$0.08$0.07$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.68$0.17$1.51$0.22$0.21$0.01
2018Summary only. Only limited summary data is available for this year.$1.62$0.13$1.49$0.42$0.44$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.30$1.46$0.66$0.68$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.75$0.39$1.37$0.87$0.88$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.33$1.32$0.91$0.91$0.01
2014Summary only. Only limited summary data is available for this year.$1.72$0.30$1.41$0.90$0.89$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.26$1.35$0.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.22$1.38$1.02
2011Summary only. Only limited summary data is available for this year.$1.51$0.26$1.25$0.52$0.69$0.17