Civic Intelligence

Tena & Fred Oates Foundation Inc.

990 • Fiscal year 2017 • EIN 57-1066228

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 24, 2018

424 E Kennedy StreetSpartanburg, SC 29302

(864) 582-0138

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

1st percentile

-226%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

96th percentile

$216,086

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 2161.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

60th percentile

7.1%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-91%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$847,034

Up $56,484 (+7.1%) from 2016

Net Assets

Up

$847,034

Up $56,484 (+7.1%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$9,999

Down $100,126 (-91%) from 2016

Expenses

Up

$32,614

Up $11,425 (+54%) from 2016

Net Income

Down

-$22,615

Down $111,551 (-125%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $690,311Liabilities 2010: $0Net Assets 2010: $690,3112010Assets 2011: $635,913Liabilities 2011: $0Net Assets 2011: $635,9132011Assets 2012: $685,918Liabilities 2012: $0Net Assets 2012: $685,9182012Assets 2013: $763,824Liabilities 2013: $0Net Assets 2013: $763,8242013Assets 2014: $710,722Liabilities 2014: $0Net Assets 2014: $710,7222014Assets 2015: $675,688Liabilities 2015: $0Net Assets 2015: $675,6882015Assets 2016: $790,550Liabilities 2016: $0Net Assets 2016: $790,5502016Assets 2017: $847,034Liabilities 2017: $0Net Assets 2017: $847,0342017Assets 2018: $753,970Liabilities 2018: $0Net Assets 2018: $753,9702018Assets 2019: $855,419Liabilities 2019: $0Net Assets 2019: $855,4192019Assets 2020: $928,850Liabilities 2020: $0Net Assets 2020: $928,8502020Assets 2021: $978,427Liabilities 2021: $0Net Assets 2021: $978,4272021Assets 2022: $858,726Liabilities 2022: $0Net Assets 2022: $858,7262022Assets 2023: $916,177Liabilities 2023: $0Net Assets 2023: $916,1772023Assets 2024: $1,015,452Liabilities 2024: $0Net Assets 2024: $1,015,4522024

Highlighted filing

2017

Assets$847,034
Liabilities$0
Net Assets$847,034

Operations Trend

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

$150K$100K$50K$0-$50K-$100KExpenses 2010: $25,9932010Expenses 2011: $25,4952011Expenses 2012: $25,0282012Revenue 2013: $24,169Expenses 2013: $15,798Net Income 2013: $8,3712013Revenue 2014: $14,967Expenses 2014: $78,534Net Income 2014: -$63,5672014Revenue 2015: $11,901Expenses 2015: $20,619Net Income 2015: -$8,7182015Revenue 2016: $110,125Expenses 2016: $21,189Net Income 2016: $88,9362016Revenue 2017: $9,999Expenses 2017: $32,614Net Income 2017: -$22,6152017Revenue 2018: $11,225Expenses 2018: $52,307Net Income 2018: -$41,0822018Revenue 2019: $10,568Expenses 2019: $12,274Net Income 2019: -$1,7062019Revenue 2020: $9,864Expenses 2020: $12,524Net Income 2020: -$2,6602020Revenue 2021: $10,939Expenses 2021: $39,389Net Income 2021: -$28,4502021Revenue 2022: $12,893Expenses 2022: $13,486Net Income 2022: -$5932022Revenue 2023: $14,144Expenses 2023: $38,085Net Income 2023: -$23,9412023Revenue 2024: $31,843Expenses 2024: $15,200Net Income 2024: $16,6432024

Highlighted filing

2017

Revenue$9,999
Expenses$32,614
Net Income-$22,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 24, 2018
Return Version
2017v2.2
Gross Receipts
$13,058
Mission and Program Overview

Mission

Charitable and philanthropic endeavors in support of and in conjuction with the spartanburg county foundation.

Charitable and philanthropic endeavors in support of and in conjunction with the spartanburg county foundation

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$695,550$752,034▲ $56,484
Total Assets$790,550$847,034▲ $56,484
Other Assets Total$95,000$95,000→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$790,550$847,034▲ $56,484
Total Net Assets Fund Balance$790,550$847,034▲ $56,484
Total Liabilities and Net Assets / Fund Balance$790,550$847,034▲ $56,484

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$95,000--
Other Securities$17,467--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Irene O HowellChairman
Kate O DarganPresident
Theodore W Gage JrVice President
William Z CannonVice President
Troy M HannaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$9,999
Other Revenue
$0
Change in Net Assets
$-22,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,999
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$79,099
Total Revenue per Audited Statements
$89,098
Total Revenue per Form 990
$9,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$20,000
Other Expenses$12,614
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$20,000--$20,000
Fees for Services Management-$12,233-$12,233
Other Expenses$381--$381
Total Functional Expenses$20,381$12,233$0$32,614

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$32,614
Total Expenses per Audited Statements$32,614
Total Expenses per Form 990$32,614
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Girl Scouts Mountains to MidlandsGreenville, SC501(c)(3)Recreation and Youth$10,000
Spartanburg Regional Healthcare FoundationSpartanburg, SC501(c)(3)Medical$10,000
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
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
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

Fred oates / john dargan family relationship

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

Copy of form 990 and attachments are given to all trustees for their review prior to filing. The return is reviewed by the president of spartanburg county foundation and a principal trustee of the tena and fred oates foundation, who signs the return.

Form 990, Part VI, Section C, Line 19

Upon request, the financial statements and form 990 are available for inspection at the office of spartanburg county foundation, 424 e. Kennedy street, spartanburg, sc 29302, telephone 864-582-0138, between the hours of 9am and 5pm, monday through friday.

Filing and Contact Details

Filer

Filer Name
Tena & Fred Oates Foundation
EIN
57-1066228
Phone
8645820138
Address
424 E KENNEDY STREET, SPARTANBURG, SC 29302

Signing Officer

Name
Irene O Howell
Title
Chairman
Phone
8645820138
Signed
2018-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Irene O Howell
Formed
1998
Legal Domicile
Sc
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Mcabee Schwartz Halliday & Co
Address
824 EAST MAIN STREET, SPARTANBURG, SC 29302
Preparer
Homer E Mcabee Jr
Phone
8645830886
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 29C)

The audit is reviewed by the spartanburg county foundation board of trustees. There has been no change in the process from prior years.

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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd16F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd17F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd18F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd19F
IRS990ScheduleD/RevenueNotReportedAmt079099
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09999
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt095000
IRS990ScheduleD/TotalBookValueSecuritiesAmt0752034
IRS990ScheduleD/TotalExpensesPerForm990Amt032614
IRS990ScheduleD/TotalRevenuePerForm990Amt09999
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt089098
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt032614
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MEDICAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RECREATION AND YOUTH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SPARTANBURG REGIONAL HEALTHCARE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1GIRL SCOUTS MOUNTAINS TO MIDLANDS
IRS990ScheduleI/RecipientTable/RecipientEIN0570937166
IRS990ScheduleI/RecipientTable/RecipientEIN1570314433
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0101 E WOOD STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15 INDEPENDENCE POINTE STE 120
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SPARTANBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm1GREENVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029301
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd129615
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT REQUEST ARE REVIEWED TO DETERMINE THAT THE GRANTEE ORGANIZATION IS EXEMPT UNDER 501(C)(3), OR QUALIFIES AS A CHURCH, OR IS A GOVERNMENTAL UNIT. IF THE GRANTEE MEETS ONE OF THESE REQUIREMENTS, THE GRANT IS APPROVED WITHOUT FURTHER MONITORING, IF NOT THE GRANT IS DENIED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART II, A(A)
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0192934
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt023152
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TROY M HANNA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0216086
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FRED OATES / JOHN DARGAN FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF FORM 990 AND ATTACHMENTS ARE GIVEN TO ALL TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. THE RETURN IS REVIEWED BY THE PRESIDENT OF SPARTANBURG COUNTY FOUNDATION AND A PRINCIPAL TRUSTEE OF THE TENA AND FRED OATES FOUNDATION, WHO SIGNS THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST, THE FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE FOR INSPECTION AT THE OFFICE OF SPARTANBURG COUNTY FOUNDATION, 424 E. KENNEDY STREET, SPARTANBURG, SC 29302, TELEPHONE 864-582-0138, BETWEEN THE HOURS OF 9AM AND 5PM, MONDAY THROUGH FRIDAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AUDIT IS REVIEWED BY THE SPARTANBURG COUNTY FOUNDATION BOARD OF TRUSTEES. THERE HAS BEEN NO CHANGE IN THE PROCESS FROM PRIOR YEARS.
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 XII, LINE 29C)
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SPARTANBURG COUNTY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570351398
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FOUNDASTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0424 E KENNEDY STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SPASRTANBURG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029302
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt012233
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SPARTANBURG COUNTY FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0790550
IRS990/TotalAssetsEOYAmt0847034
IRS990/TotalAssetsGrp/BOYAmt0790550
IRS990/TotalAssetsGrp/EOYAmt0847034
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012233
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020381
IRS990/TotalFunctionalExpensesGrp/TotalAmt032614
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.03$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.01$0.04$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.01$0.01$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.01$0.04$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.01$0.01$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.01$0.05$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.01$0.03$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.11$0.02$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.01$0.02$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.01$0.08$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.02$0.02$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.00$0.64$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$0.03