Civic Intelligence

Laurel Crest Endowment Trust

990 • Fiscal year 2017 • EIN 57-0986260

May 01, 2016 to Apr 30, 2017 • Filed on Nov 08, 2017

Organization ProfileN/A
100 Joseph Walker DriveWest Columbia, SC 29169-6939

(803) 796-0370

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-51%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,195,704

Up $307,080 (+16%) from 2016

Net Assets

Up

$2,195,704

Up $307,080 (+16%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin98th percentile

Revenue

Down

$122,640

Down $125,257 (-51%) from 2016

Expenses

Down

$9,960

Down $591 (-5.6%) from 2016

Net Income

Down

$112,680

Down $124,666 (-53%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,319,381Liabilities 2011: $0Net Assets 2011: $1,319,3812011Assets 2012: $1,335,302Liabilities 2012: $0Net Assets 2012: $1,335,3022012Assets 2013: $1,516,218Liabilities 2013: $0Net Assets 2013: $1,516,2182013Assets 2014: $1,744,429Liabilities 2014: $0Net Assets 2014: $1,744,4292014Assets 2015: $1,945,278Liabilities 2015: $0Net Assets 2015: $1,945,2782015Assets 2016: $1,888,624Liabilities 2016: $0Net Assets 2016: $1,888,6242016Assets 2017: $2,195,704Liabilities 2017: $0Net Assets 2017: $2,195,7042017Assets 2018: $2,435,124Liabilities 2018: $6,250Net Assets 2018: $2,428,8742018Assets 2019: $2,528,275Liabilities 2019: $0Net Assets 2019: $2,528,2752019Assets 2020: $2,391,570Liabilities 2020: $0Net Assets 2020: $2,391,5702020Assets 2021: $3,211,892Liabilities 2021: $0Net Assets 2021: $3,211,8922021

Highlighted filing

2017

Assets$2,195,704
Liabilities$0
Net Assets$2,195,704
Open 2017 Filing

Operations Trend

Revenue Growth4th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $10,1862011Expenses 2012: $23,2402012Expenses 2013: $8,8652013Revenue 2014: $147,583Expenses 2014: $10,877Net Income 2014: $136,7062014Revenue 2015: $246,364Expenses 2015: $19,365Net Income 2015: $226,9992015Revenue 2016: $247,897Expenses 2016: $10,551Net Income 2016: $237,3462016Revenue 2017: $122,640Expenses 2017: $9,960Net Income 2017: $112,6802017Revenue 2018: $39,200Expenses 2018: $11,634Net Income 2018: $27,5662018Revenue 2019: $94,013Expenses 2019: $58,872Net Income 2019: $35,1412019Revenue 2020: $51,165Expenses 2020: $69,496Net Income 2020: -$18,3312020Revenue 2021: $40,037Expenses 2021: $88,906Net Income 2021: -$48,8692021

Highlighted filing

2017

Revenue$122,640
Expenses$9,960
Net Income$112,680
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$506,331
Mission and Program Overview

Mission

Holding and managing bequests and contributions to support the residents of Laurel Crest Retirement Community

Holding and managing bequests and contributions from all sources to support, advance and expand the programs and purposes of fpcrc, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,823,359$2,171,261▲ $347,902
Savings and Temporary Cash Investments$65,265$24,443▼ $40,822
Total Assets$1,888,624$2,195,704▲ $307,080
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,888,624$2,195,704▲ $307,080
Total Net Assets Fund Balance$1,888,624$2,195,704▲ $307,080
Total Liabilities and Net Assets / Fund Balance$1,888,624$2,195,704▲ $307,080
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
B Lee FloydChairman
Wilson W FarrellVice Chairman
Claude Walker JrBoard Member
Dr Derek ThomasBoard Member
James HerlongSecretary
David HodgesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,715
Program Service Revenue
$0
Investment Income
$71,925
Other Revenue
$0
All Other Contributions
$50,715
Change in Net Assets
$112,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,960
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 Service Investment Mgmnt Fees-$9,960-$9,960
Total Functional Expenses$0$9,960$0$9,960
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
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

“Form 990 is reviewed by the board treasurer and distributed to all board members prior to filing.”

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

“The board of directors reviews the conflict of interest statements on an annual basis. In the event of a conflict of interest, the person with the conflict would not be involved with any votes that are related to the conflict.”

Form 990, Part VI, Section B, Line 15

“Lcet does not have any employees. There is a committee made up of volunteer board members who oversee the endowment trust.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Laurel Crest Endowment Trust
EIN
57-0986260
Phone
8037960370
Address
100 JOSEPH WALKER DRIVE, WEST COLUMBIA, SC 29169-6939

Signing Officer

Name
David Hodges
Title
Treasurer
Phone
8037960370
Signed
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Hodges
Formed
1993
Legal Domicile
Sc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 2, AUDIT OVERSIGHT:

“The board of directors of the organization oversees the audit of its financial statements and the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Management is not aware of any material uncertain tax positions at april 30, 2017. Any interest or penalties associated with unrecognized tax expense would be classified as an additional expense in the statement of activities. The organization is no longer subject to examination by the internal revenue service or any state jurisdictions for years prior to 2013.”

Raw XML Appendix370 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.

Path#Value
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AT APRIL 30, 2017. ANY INTEREST OR PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX EXPENSE WOULD BE CLASSIFIED AS AN ADDITIONAL EXPENSE IN THE STATEMENT OF ACTIVITIES. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR ANY STATE JURISDICTIONS FOR YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD TREASURER AND DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. IN THE EVENT OF A CONFLICT OF INTEREST, THE PERSON WITH THE CONFLICT WOULD NOT BE INVOLVED WITH ANY VOTES THAT ARE RELATED TO THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LCET DOES NOT HAVE ANY EMPLOYEES. THERE IS A COMMITTEE MADE UP OF VOLUNTEER BOARD MEMBERS WHO OVERSEE THE ENDOWMENT TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS OF THE ORGANIZATION OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2, AUDIT OVERSIGHT:
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02195704
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt050715
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09960
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID HODGES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08037960370
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUREL CREST ENDOWMENT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LAUR
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ReturnHeader/Filer/PhoneNum08037960370
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.129.204.105
ReturnHeader/FilingSecurityInformation/IPDt02017-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:32:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570381582
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01901 MAIN STREET SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029201
ReturnHeader/PreparerPersonGrp/PhoneNum08032560002
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENISE P HILL CPA
ReturnHeader/ReturnTs02018-02-23T09:31:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-05-01
ReturnHeader/TaxPeriodEndDt02017-04-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,195,704
Liabilities
$0
Net assets
$2,195,704
Revenue
$122,640
Expenses
$9,960
Net income
$112,680
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$3.21$0.00$3.21$0.04$0.09$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.05$0.07$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$0.09$0.06$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.44$0.01$2.43$0.04$0.01$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$0.12$0.01$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.25$0.01$0.24
2015Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$0.25$0.02$0.23
2014Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.15$0.01$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.00$1.52$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.00$1.34$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$0.01