Civic Intelligence

South Carolina First Steps to School Readiness Board of Trustees-Greenville

990 • Fiscal year 2015 • EIN 57-1097814

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

24 Cleveland StreetGreenville, SC 29601

(864) 239-3720

Siviq Scores

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

Liabilities / Assets

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

46th percentile

0.09x

Higher debt load relative to revenue than 46% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

61st percentile

6.7%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$63,772

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

78th percentile

14%

Faster asset growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

10th percentile

-31%

Faster revenue growth than 10% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,052,881

Up $132,950 (+14%) from 2014

Net Assets

Up

$945,195

Up $83,590 (+9.7%) from 2014

Liabilities

Up

$107,686

Up $49,360 (+85%) from 2014

Revenue

Down

$1,242,893

Down $559,471 (-31%) from 2014

Expenses

Down

$1,159,303

Down $631,471 (-35%) from 2014

Net Income

Up

$83,590

Up $72,000 (+621%) from 2014

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 2011: $798,651Liabilities 2011: $44,099Net Assets 2011: $754,5522011Assets 2012: $1,078,178Liabilities 2012: $48,640Net Assets 2012: $1,029,5382012Assets 2013: $929,391Liabilities 2013: $79,376Net Assets 2013: $850,0152013Assets 2014: $919,931Liabilities 2014: $58,326Net Assets 2014: $861,6052014Assets 2015: $1,052,881Liabilities 2015: $107,686Net Assets 2015: $945,1952015Assets 2016: $1,061,812Liabilities 2016: $138,950Net Assets 2016: $922,8622016Assets 2017: $905,717Liabilities 2017: $142,216Net Assets 2017: $763,5012017Assets 2018: $948,294Liabilities 2018: $34,355Net Assets 2018: $913,9392018Assets 2019: $954,726Liabilities 2019: $40,971Net Assets 2019: $913,7552019Assets 2020: $830,750Liabilities 2020: $27,948Net Assets 2020: $802,8022020Assets 2021: $1,192,228Liabilities 2021: $219,778Net Assets 2021: $972,4502021Assets 2022: $1,199,257Liabilities 2022: $82,679Net Assets 2022: $1,116,5782022Assets 2023: $1,271,322Liabilities 2023: $35,310Net Assets 2023: $1,236,0122023

Highlighted filing

2015

Assets$1,052,881
Liabilities$107,686
Net Assets$945,195

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,570,287Expenses 2011: $1,638,115Net Income 2011: -$67,8282011Expenses 2012: $1,290,3752012Expenses 2013: $1,091,0042013Revenue 2014: $1,802,364Expenses 2014: $1,790,774Net Income 2014: $11,5902014Revenue 2015: $1,242,893Expenses 2015: $1,159,303Net Income 2015: $83,5902015Revenue 2016: $1,231,920Expenses 2016: $1,254,253Net Income 2016: -$22,3332016Revenue 2017: $1,210,018Expenses 2017: $1,369,379Net Income 2017: -$159,3612017Revenue 2018: $1,432,317Expenses 2018: $1,281,879Net Income 2018: $150,4382018Revenue 2019: $1,344,236Expenses 2019: $1,344,420Net Income 2019: -$1842019Revenue 2020: $1,420,591Expenses 2020: $1,531,544Net Income 2020: -$110,9532020Revenue 2021: $5,496,255Expenses 2021: $5,326,607Net Income 2021: $169,6482021Revenue 2022: $1,557,170Expenses 2022: $1,413,934Net Income 2022: $143,2362022Revenue 2023: $2,040,226Expenses 2023: $1,920,792Net Income 2023: $119,4342023

Highlighted filing

2015

Revenue$1,242,893
Expenses$1,159,303
Net Income$83,590
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$1,242,893
Mission and Program Overview

Mission

Per south carolina code of laws section 59-152-10: there is established the south carolina first steps to school readiness, a comprehensive, results- oriented initiative for improving early childhood development by providing, through local partnerships, public and private funds, and support for high-quality early childhood development and education services for children by providing support for their families' efforts toward enabling their children to reach school ready to succeed.

Section 59-152-10 of the south carolina code established the south carolina first steps to school readiness program, which is a comprehensive, results-oriented initiative for improving early childhood development by providing, through local partnerships, public and private funds, and support for high- quality early childhood development and education services for children by providing support for their families' efforts toward enabling their children to reach school ready to succeed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$901,701$959,667▲ $57,966
Accounts Receivable$18,230$79,714▲ $61,484
Prepaid Expenses and Deferred Charges-$13,500-
Total Assets$919,931$1,052,881▲ $132,950
Liabilities
Accounts Payable and Accrued Expenses$58,326$107,686▲ $49,360
Total Liabilities$58,326$107,686▲ $49,360
Net Assets / Fund Balance
Temporarily Rstr Net Assets$861,605$945,195▲ $83,590
Total Net Assets Fund Balance$861,605$945,195▲ $83,590
Total Liabilities and Net Assets / Fund Balance$919,931$1,052,881▲ $132,950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Derek LewisExecutive DirectorFT$63,772$63,772

Board Members and Trustees

NameTitle
Keith FrazierBoard Chair
Grady PattersonVice Chair
Cynthia SosebeeBoard Member
Danny VaratBoard Member
Gina BlohmBoard Member
Jennifer PowersBoard Member
Julie HartmanBoard Member
Karen AllenBoard Member
Karen SparkmanBoard Member
Lauren BrilesBoard Member
Lillie HallBoard Member
Linda BreesBoard Member
Melissa RoperBoard Member
Melissa StarkerBoard Member
Meredith BurtonBoard Member
Nancy PowersBoard Member
Sandra LinderBoard Member
Stacey BurrBoard Member
Stacey PeekBoard Member
Stephanie KnobelBoard Member
Susan KearBoard Member
Tricia SurlesBoard Member
Wade KolbBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,242,796
Program Service Revenue
$0
Investment Income
$97
Other Revenue
$0
All Other Contributions
$34,078
Change in Net Assets
$83,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,242,893
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,242,893
Total Revenue per Form 990
$1,242,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$891,086
Salaries, Compensation, and Employee Benefits$268,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$143,004$2,469-$145,473
Current Officers, Directors, Trustees, and Key Employees-$63,772-$63,772
Other Employee Benefits$12,338$30,926-$43,264
Advertising$5,533$26,766-$32,299
Payroll Taxes$11,008$4,700-$15,708
Occupancy$6,974$7,626-$14,600
Travel$411$6,947-$7,358
Insurance-$6,619-$6,619
Other Expenses$4,574$885-$5,459
All Other Expenses-$2,183-$2,183
Office Expenses-$1,686-$1,686
Total Functional Expenses$999,190$160,113$0$1,159,303

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,159,303
Total Expenses per Audited Statements$1,159,303
Total Expenses per Form 990$1,159,303
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Linda BreesBoard MemberCERTAIN BOARD MEMBERS ARE MEMBERS OF MANAGEMENT OF CERTAIN OF THE PARTNERSHIP'S CONTRACTORS. THE PARTNERSHIP CONSUMMATED ARM'S LENGTH TRANSACTIONS WITH THESE ENTITIES TO PROVIDE CERTAIN SERVICES RELATED TO THE MISSION OF THE PARTNERSHIP. THE PARTNERSHIP HAS RECOGNIZED APPROXIMATELY $249,000 AS EXPENSE FOR THE YEAR ENDED JUNE 30, 2015 RELATED TO THE SERVICES PROVIDED BY THESE CONTRACTORS.No$225,000
Nancy PowersBoard MemberCERTAIN BOARD MEMBERS ARE MEMBERS OF MANAGEMENT OF CERTAIN OF THE PARTNERSHIP'S CONTRACTORS. THE PARTNERSHIP CONSUMMATED ARM'S LENGTH TRANSACTIONS WITH THESE ENTITIES TO PROVIDE CERTAIN SERVICES RELATED TO THE MISSION OF THE PARTNERSHIP. THE PARTNERSHIP HAS RECOGNIZED APPROXIMATELY $249,000 AS EXPENSE FOR THE YEAR ENDED JUNE 30, 2015 RELATED TO THE SERVICES PROVIDED BY THESE CONTRACTORS.No$225,000
Melissa StarkerBoard MemberCERTAIN BOARD MEMBERS ARE MEMBERS OF MANAGEMENT OF CERTAIN OF THE PARTNERSHIP'S CONTRACTORS. THE PARTNERSHIP CONSUMMATED ARM'S LENGTH TRANSACTIONS WITH THESE ENTITIES TO PROVIDE CERTAIN SERVICES RELATED TO THE MISSION OF THE PARTNERSHIP. THE PARTNERSHIP HAS RECOGNIZED APPROXIMATELY $249,000 AS EXPENSE FOR THE YEAR ENDED JUNE 30, 2015 RELATED TO THE SERVICES PROVIDED BY THESE CONTRACTORS.No$10,000
Stephanie KnobelBoard MemberCERTAIN BOARD MEMBERS ARE MEMBERS OF MANAGEMENT OF CERTAIN OF THE PARTNERSHIP'S CONTRACTORS. THE PARTNERSHIP CONSUMMATED ARM'S LENGTH TRANSACTIONS WITH THESE ENTITIES TO PROVIDE CERTAIN SERVICES RELATED TO THE MISSION OF THE PARTNERSHIP. THE PARTNERSHIP HAS RECOGNIZED APPROXIMATELY $249,000 AS EXPENSE FOR THE YEAR ENDED JUNE 30, 2015 RELATED TO THE SERVICES PROVIDED BY THESE CONTRACTORS.No$10,000
Melissa RoperBoard MemberCERTAIN BOARD MEMBERS ARE MEMBERS OF MANAGEMENT OF CERTAIN OF THE PARTNERSHIP'S CONTRACTORS. THE PARTNERSHIP CONSUMMATED ARM'S LENGTH TRANSACTIONS WITH THESE ENTITIES TO PROVIDE CERTAIN SERVICES RELATED TO THE MISSION OF THE PARTNERSHIP. THE PARTNERSHIP HAS RECOGNIZED APPROXIMATELY $249,000 AS EXPENSE FOR THE YEAR ENDED JUNE 30, 2015 RELATED TO THE SERVICES PROVIDED BY THESE CONTRACTORS.No$4,000
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11

A copy of the 990 will be made available to the executive director for review prior to filing.

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

The organization is subject to enforcement and monitoring by the south carolina ethics commission.

Form 990, Part VI, Section B, Line 15

Budget amounts, including compensation, are submitted for approval to the south carolina office of first steps.

Form 990, Part VI, Section C, Line 19

Through the south carolina freedom of information act, all governing documents, such as the conflict of interest policy, and financial statements, are available for public inspection. Those who wish to inspect these documents must make the request in writing. The documents are then required to be provided within two weeks of the written request.

Filing and Contact Details

Filer

Filer Name
South Carolina First Steps to School
EIN
57-1097814
Phone
8642393720
Address
24 CLEVELAND STREET, GREENVILLE, SC 29601

Signing Officer

Name
Derek Lewis
Title
Executive Director
Phone
8642393720
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Lewis
Formed
1999
Legal Domicile
Sc
Voting Board Members
23
Independent Board Members
23
Employees
8
Volunteers
0

Preparer

Firm
Manley Garvin LLC
Address
P O BOX 429, GREENWOOD, SC 29648-0429
Preparer
James M Manley Jr CPA
Phone
8642294951
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

The financial statements have been prepared on the modified cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles. Program revenues are recognized when properly earned and realizable. Expenses are recorded in the period in which they are incurred. The basis of accounting adopted by the partnership differs from generally accepted accounting principles primarily because it recognizes long lived assets and other costs which benefit more than one period as expenses in the year purchased, and it recognizes certain expenses when paid such as vacation and sick time for employees.

FORM 990, PART XII, LINE 2C:

This process is unchanged from the prior year.

Financial Statement Notes

PART X, LINE 2:

The basis of accounting followed by the partnership requires management to evaluate tax positions taken by the partnership and recognize a tax liability (or asset) if the partnership has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the partnership, and has concluded that as of june 30, 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The partnership is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/MissionDesc0GREENVILLE FIRST STEPS BELIEVES PARENTS PLAY THE MOST VISIBLE AND ESSENTIAL ROLE IN ENSURING A CHILD STARTS SCHOOL FEELING HEALTHY AND READY TO LEARN. BUT FOR MANY PARENTS IN OUR AREA, THE RESOURCES AND OPPORTUNITIES TO HELP CHILDREN GET READY AREN'T EASILY ACCESSIBLE-OR EVEN AVAILABLE AT ALL. THAT'S WHY GREENVILLE FIRST STEPS PARTNERS TO PROMOTE SCHOOL READINESS INITIATIVES BY ENHANCING THE WORK THAT WORTHWHILE AGENCIES LIKE LOCAL SCHOOLS, STATE AGENCIES, CHURCHES, NON-PROFITS, AND NEIGHBORHOODS ARE ALREADY DOING IN OUR COMMUNITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0FAMILY STRENGTHENING: WE BELIEVE THAT PARENTS ARE THEIR CHILD'S FIRST AND BEST TEACHERS. OUR FAMILY STRENGTHENING STRATEGIES SUCH AS BABYSTEPS ARE HELPING PARENTS UNDERSTAND THEIR RESPONSIBILITIES TO CARE FOR AND BE POSITIVE MODELS FOR THEIR CHILDREN.
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IRS990/ProgSrvcAccomActy3Grp/Desc0HEALTHY START: WE BEGIN WITH A FOCUS ON PROVIDING A HEALTHY START TO LIFE. THIS INCLUDES PRENATAL AND POST-PARTUM SERVICES FOR BOTH MOTHER AND BABY. FIRST STEPS COLLABORATES WITH KEY PHILANTHROPIC AND AGENCY PARTNERS TO BRING NURSE-FAMILY PARTNERSHIP TO SC HAVING A SIGNIFICANT IMPACT ON REDUCING PREMATURE BIRTHS AND MEDICAID COSTS.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.27$0.04$1.24$2.04$1.92$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.08$1.12$1.56$1.41$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.22$0.97$5.50$5.33$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.03$0.80$1.42$1.53$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.04$0.91$1.34$1.34$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.03$0.91$1.43$1.28$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.14$0.76$1.21$1.37$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.06$0.14$0.92$1.23$1.25$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.11$0.95$1.24$1.16$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.06$0.86$1.80$1.79$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.08$0.85$1.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.05$1.03$1.29
2011Summary only. Only limited summary data is available for this year.$0.80$0.04$0.75$1.57$1.64$0.07
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits