Civic Intelligence

The Palmetto Institute

EIN 57-1132472 • 501(c)3 • Lake City, SC

Profile

An independent and nonpartisan research and educational organization with the mission of improving the wealth of all citizens of sc by providing high quality, scholarly and academically sound research and policy options on issues of importance to the state.

136A South Church StreetLake City, SC 29560

www.palmettoinstitute.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

46th percentile

-4.2%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$23,712

Down $1,050 (-4.2%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$23,712

Down $1,050 (-4.2%) from 2018

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2018

Expenses

Down

$1,050

Down $7,024 (-87%) from 2018

Net Income

Up

-$1,050

Up $7,024 (+87%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

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

$100K$50K$0Assets 2011: $37,774Liabilities 2011: $0Net Assets 2011: $37,7742011Assets 2012: $4,517Liabilities 2012: $0Net Assets 2012: $4,5172012Assets 2013: $6,113Liabilities 2013: $0Net Assets 2013: $6,1132013Assets 2014: $24,806Liabilities 2014: $0Net Assets 2014: $24,8062014Assets 2015: $92,227Liabilities 2015: $0Net Assets 2015: $92,2272015Assets 2016: $39,906Liabilities 2016: $180Net Assets 2016: $39,7262016Assets 2017: $33,236Liabilities 2017: $02017Assets 2018: $24,762Liabilities 2018: $0Net Assets 2018: $24,7622018Assets 2019: $23,712Liabilities 2019: $0Net Assets 2019: $23,7122019

Highlighted filing

2019

Assets$23,712
Liabilities$0
Net Assets$23,712
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KExpenses 2011: $412,2192011Expenses 2012: $396,3572012Revenue 2013: $360,500Expenses 2013: $358,904Net Income 2013: $1,5962013Revenue 2014: $506,000Expenses 2014: $487,307Net Income 2014: $18,6932014Revenue 2015: $350,000Expenses 2015: $282,579Net Income 2015: $67,4212015Revenue 2016: $175,000Expenses 2016: $227,501Net Income 2016: -$52,5012016Revenue 2017: $0Expenses 2017: $6,490Net Income 2017: -$6,4902017Revenue 2018: $0Expenses 2018: $8,074Net Income 2018: -$8,0742018Revenue 2019: $0Expenses 2019: $1,050Net Income 2019: -$1,0502019

Highlighted filing

2019

Revenue$0
Expenses$1,050
Net Income-$1,050
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,712
Liabilities
$0
Net assets
$23,712
Revenue
$0
Expenses
$1,050
Net income
-$1,050
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.00$0.01$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.00$0.08$0.08
2017Summary only. Only limited summary data is available for this year.$0.33$0.00$0.00$0.06$0.06
2016Summary only. Only limited summary data is available for this year.$0.40$0.00$0.40$1.75$2.28$0.53
2015Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$3.50$2.83$0.67
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$5.06$4.87$0.19
2013Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$3.61$3.59$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$3.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$4.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 11, 2020
Return Version
2018v3.2
Gross Receipts
$0
Mission and Program Overview

Mission

An independent and nonpartisan research and educational organization with the mission of improving the wealth of all citizens of sc by providing high quality, scholarly and academically sound research and policy options on issues of importance to the state.

Program Services

DescriptionGrantsExpenses
THE CENTRAL MISSION IS TO CREATE A CLIMATE THAT WILL INCREASE THE WEALTH OF ALL SOUTH CAROLINIANS. THE INSTITUTE HAS SOUGHT TO ACHIEVE THIS GOAL BY DEVELOPING A LONG-TERM ECONOMIC STRATEGY, PRODUCING STUDIES ON WORKFORCE QUALITY, COMMERCIALIZATION OF RESEARCH INTO JOBS, AND A FAIR AND EQUITABLE STATE TAX SYSTEM TO NAME A FEW.$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DARLA MOOREChairmanPT$0--
ED SELLERSVice Chair-$0--
HARRY LESESNESecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Palmetto Institute
EIN
57-1132472
Phone
8433744444
Address
136A SOUTH CHURCH STREET, LAKE CITY, SC 29560

Signing Officer

Name
Harry Lesesne
Title
Secretary-treasurer
Phone
8433744444
Signed
2020-07-11
Discuss with paid preparer
Yes

Preparer

Firm
Websterrogers Llp
Address
1411 SECOND LOOP ROAD, FLORENCE, SC 29505
Preparer
Sharon C Norris CPA
Phone
8436655900
Raw XML Appendix131 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990EZ/BooksInCareOfDetail/PhoneNum08433744444
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0136A SOUTH CHURCH STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAKE CITY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd029560
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt024762
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt023712
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-1050
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01050
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt024762
IRS990EZ/Form990TotalAssetsGrp/EOYAmt023712
IRS990EZ/GrossReceiptsAmt00
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt024762
IRS990EZ/NetAssetsOrFundBalancesEOYAmt023712
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt024762
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt023712
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DARLA MOORE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ED SELLERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2HARRY LESESNE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0AN INDEPENDENT AND NONPARTISAN RESEARCH AND EDUCATIONAL ORGANIZATION WITH THE MISSION OF IMPROVING THE WEALTH OF ALL CITIZENS OF SC BY PROVIDING HIGH QUALITY, SCHOLARLY AND ACADEMICALLY SOUND RESEARCH AND POLICY OPTIONS ON ISSUES OF IMPORTANCE TO THE STATE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE CENTRAL MISSION IS TO CREATE A CLIMATE THAT WILL INCREASE THE WEALTH OF ALL SOUTH CAROLINIANS. THE INSTITUTE HAS SOUGHT TO ACHIEVE THIS GOAL BY DEVELOPING A LONG-TERM ECONOMIC STRATEGY, PRODUCING STUDIES ON WORKFORCE QUALITY, COMMERCIALIZATION OF RESEARCH INTO JOBS, AND A FAIR AND EQUITABLE STATE TAX SYSTEM TO NAME A FEW.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt01050
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/FactsAndCircumstancesTestTxt0PALMETTO INSTITUTE ("THE CORPORATION") IS A SOUTH CAROLINA NONPROFIT CORPORATION INCORPORATED ON SEPTEMBER 13, 2001. THE CORPORATION IS FORMED AS AN INDEPENDENT, NONPROFIT, NONPARTISAN RESEARCH AND EDUCATIONAL ORGANIZATION WITH THE MISSION OF IMPROVING THE WEALTH OF ALL CITIZENS OF SOUTH CAROLINA BY PROVIDING HIGH-QUALITY, SCHOLARLY AND ACADEMICALLY-SOUND RESEARCH AND POLICY POSITIONS ON ISSUES OF IMPORTANCE TO SOUTH CAROLINA. THE INTERNAL REVENUE SERVICE HAS ISSUED A DETERMINATION LETTER STATING THAT THE CORPORATION IS A CHARITABLE AND EDUCATION ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. AS REFLECTED IN ITS 2017 FORM 990EZ, SCHEDULE A, AND BASED UPON THE DISCUSSION BELOW, THE CORPORATION QUALIFIES AS A PUBLICLY-SUPPORTED ORGANIZATION UNDER IRC 509(A)(1) AND 170(B)(1)(A)(VI). IN THE 2016 FORM 990EZ, SCHEDULE A, THE CORPORATION'S PUBLIC SUPPORT PERCENTAGE IS 19.13%. FOR THE REASONS DESCRIBED BELOW, THE CORPORATION SATISFIES THE ALTERNATE FACTS-AND-CIRCUMSTANCES TEST AND, THEREFORE, QUALIFIES AS A PUBLICLY-SUPPORTED ORGANIZATION.1. THE CORPORATION'S PUBLIC SUPPORT PERCENTAGE EXCEEDS THE 10% THRESHOLD IN 2017.2. THE CORPORATION IS AN INDEPENDENT, NONPARTISAN AND NONPROFIT RESEARCH AND EDUCATIONAL ORGANIZATION. THE CENTRAL MISSION AND SINGULAR GOAL OF THE CORPORATION IS TO CREATE A BUSINESS, COMMUNITY, POLITICAL, AND EDUCATIONAL CLIMATE THAT WILL PRODUCE DRAMATIC AND SUSTAINED GROWTH IN THE CREATION, DISTRIBUTION, AND RETENTION OF WEALTH FOR EVERY PERSON IN SOUTH CAROLINA, AS MEASURED BY THE PER CAPITA INCOME OF ITS CITIZENS. PAST EFFORTS OF THE CORPORATION AT THE STATE AND REGIONAL POLICY LEVELS HAVE INCLUDED:" WORKING TO CONNECT THE RESEARCH UNIVERSITIES TO A HIGH-CAPACITY, NATIONWIDE NETWORK TO FURTHER ADVANCED RESEARCH PROJECTS." WORKING WITH EDUCATION OFFICIALS AND POLICY LEADERS TO PROVIDE THE REQUISITE FUNDING TO ENCOURAGE INNOVATIVE, EFFECTIVE PROGRAMS AT THE LOCAL PUBLIC SCHOOL DISTRICT LEVEL." RECOMMENDING VARIOUS WORKFORCE-RELATED POLICY CHANGES, INCLUDING ONE THAT HAS LED SOUTH CAROLINA TO BE RECOGNIZED AS A GLOBAL LEADER IN REGISTERED APPRENTICESHIPS.3. THE CORPORATION'S BOARD OF DIRECTORS REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, RATHER THAN THE PERSONAL OR PRIVATE INTERESTS OF A LIMITED NUMBER OF DONORS, AND INCLUDES SEVERAL COMMUNITY LEADERS ALL ACROSS SOUTH CAROLINA.FOR THE REASONS DESCRIBED ABOVE, PALMETTO INSTITUTE SATISFIES THE ALTERNATE FACTS AND CIRCUMSTANCES TEST AND, THEREFORE, QUALIFIES AS A PUBLICLY-SUPPORTED ORGANIZATION UNDER SECTION 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0175000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0350000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0525000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.04000
IRS990ScheduleA/PublicSupportPY170Pct00.19130
IRS990ScheduleA/PublicSupportTotal170Amt021000
IRS990ScheduleA/SubstantialContributorsTotAmt0504000
IRS990ScheduleA/TenPctFactsCrcmstncsTestPYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0175000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0350000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0525000
IRS990ScheduleA/TotalSupportAmt0525000
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HARRY LESESNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY-TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08433744444
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PALMETTO INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0571132472
ReturnHeader/Filer/PhoneNum08433744444
ReturnHeader/Filer/USAddress/AddressLine1Txt0136A SOUTH CHURCH STREET
ReturnHeader/Filer/USAddress/CityNm0LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029560
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0667966F51BBBE52B57B6B324542F78F7714FD3D5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07858E2FC3A07E2A27A7A18168FF991549343763A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.108.190.62
ReturnHeader/FilingSecurityInformation/IPDt02020-07-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm021:21:25
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570776381
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEBSTERROGERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01411 SECOND LOOP ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029505
ReturnHeader/PreparerPersonGrp/PhoneNum08436655900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON C NORRIS CPA
ReturnHeader/ReturnTs02020-07-14T15:18:00-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.