Civic Intelligence

South Carolina Solar

990 • Fiscal year 2021 • EIN 80-0558302

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

PO Box 1763Columbia, SC 29202

(803) 799-0000

Siviq Scores

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

Liabilities / Assets

97th percentile

1.00x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.19x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

4th percentile

-141%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

2nd percentile

-92%

Faster asset growth than 2% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-74%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$13,927

Down $156,581 (-92%) from 2020

Net Assets

Down

$5

Down $102,498 (-100%) from 2020

Liabilities

Down

$13,922

Down $54,083 (-80%) from 2020

Revenue

Down

$72,858

Down $203,142 (-74%) from 2020

Expenses

Down

$175,356

Down $61,429 (-26%) from 2020

Net Income

Down

-$102,498

Down $141,713 (-361%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2018: $9,408Liabilities 2018: $13,298Net Assets 2018: -$3,8902018Assets 2019: $79,537Liabilities 2019: $13,299Net Assets 2019: $66,2382019Assets 2020: $170,508Liabilities 2020: $68,005Net Assets 2020: $102,5032020Assets 2021: $13,927Liabilities 2021: $13,922Net Assets 2021: $52021

Highlighted filing

2021

Assets$13,927
Liabilities$13,922
Net Assets$5

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2018: $161,375Expenses 2018: $155,628Net Income 2018: $5,7472018Revenue 2019: $289,000Expenses 2019: $218,872Net Income 2019: $70,1282019Revenue 2020: $276,000Expenses 2020: $236,785Net Income 2020: $39,2152020Revenue 2021: $72,858Expenses 2021: $175,356Net Income 2021: -$102,4982021

Highlighted filing

2021

Revenue$72,858
Expenses$175,356
Net Income-$102,498
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$72,858
Mission and Program Overview

Mission

The nonprofit corporation is a public benefit corporation.

Through education and political action, the solar business alliance works with lawmakers and existing energy producers in an effort to create economic development opportunities for the state of south carolina through clean energy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$119,000--
Cash and Non-Interest-Bearing Accounts$51,508$13,927▼ $37,581
Total Assets$170,508$13,927▼ $156,581
Liabilities
Accounts Payable and Accrued Expenses$68,005$13,922▼ $54,083
Total Liabilities$68,005$13,922▼ $54,083
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$102,503$5▼ $102,498
Total Net Assets Fund Balance$102,503$5▼ $102,498
Total Liabilities and Net Assets / Fund Balance$170,508$13,927▼ $156,581
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bret SowersDirector
Andrew StreitFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$72,858
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$72,858
Change in Net Assets
$-102,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$175,356
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 Services Legal$147,650--$147,650
Other Expenses-$15,154-$15,154
Fees for Services Lobbying$10,208--$10,208
Fees for Services Accounting-$2,335-$2,335
Office Expenses$9--$9
Total Functional Expenses$157,867$17,489$0$175,356
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

Return reviewed by signing board member.

Form 990, Page 6, Part VI, Line 19

990 available upon request.

Filing and Contact Details

Filer

Filer Name
South Carolina Solar
EIN
80-0558302
Address
PO BOX 1763, COLUMBIA, SC 29202

Signing Officer

Name
Bret Sowers
Title
Director
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bret Sowers
Formed
2017
Legal Domicile
Sc
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Maddison & Caison Llp
Address
1111 OBERLIN RD, RALEIGH, NC 27605-1136
Preparer
Susan Glendenning
Phone
9198215482
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITES

Through education and political action, the solar business alliance works with lawmakers and existing energy producers in an effort to create economic development opportunities for the state of south carolina through clean energy.

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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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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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Filings