Scago Educational Facilities Corporation For Beaufort School Di
Scago Educational Facilities Corporation consistently manages debt for educational facilities with expenses slightly exceeding revenue in recent years.
EIN: 141984339 · Beaufort, SC · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $575K |
| Program Spending | 95% |
| Net Assets | $20K |
| Transparency Score | 70/100 |
Is Scago Educational Facilities Corporation For Beaufort School Di Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scago Educational Facilities Corporation For Beaufort School Di directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scago Educational Facilities Corporation For Beaufort School Di
Scago Educational Facilities Corporation For Beaufort School Di (EIN: 141984339) is a nonprofit organization based in Beaufort, SC, classified under NTEE code B11. The organization reported total revenue of $2.5M and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scago Educational Facilities Corporation For Beaufort School Di's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scago Educational Facilities Corporation For Beaufort School Di is a mid-size nonprofit that has been operating for 10 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $573K |
| Total Expenses | $575K |
| Surplus / Deficit | $-2,819 |
| Total Assets | $14.8M |
| Total Liabilities | $14.8M |
| Net Assets | $20K |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 99.9% |
| Months of Reserves | 308.3 months |
Financial Health Grade: C
In 2023, Scago Educational Facilities Corporation For Beaufort School Di reported a deficit of $3K with expenses exceeding revenue, holds 308.3 months of operating reserves (strong position), has a debt-to-asset ratio of 99.9% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Scago Educational Facilities Corporation For Beaufort School Di's revenue has declined at a compound annual growth rate (CAGR) of -10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.6% | -10.3% | -13.0% |
| 2022 | -8.2% | -7.9% | -11.3% |
| 2021 | -6.7% | -6.7% | -9.9% |
| 2020 | -7.2% | -6.4% | -8.8% |
| 2019 | +3.8% | -4.7% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Scago Educational Facilities Corporation For Beaufort School Di with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Scago Educational Facilities Corporation For Beaufort School Di allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization does not pay its officers, which is a positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Scago Educational Facilities Corporation For Beaufort School Di's IRS 990 filings:
- Consistent small operating deficits where expenses exceed revenue (e.g., $575,401 expenses vs. $572,582 revenue in 2023).
Strengths
The following positive indicators were identified for Scago Educational Facilities Corporation For Beaufort School Di:
- No officer compensation reported across all filings, indicating efficient use of funds for its purpose.
- Consistent IRS 990 filing history demonstrates good transparency and compliance.
- Clear purpose as a supporting organization for educational facilities debt management.
Frequently Asked Questions about Scago Educational Facilities Corporation For Beaufort School Di
Is Scago Educational Facilities Corporation For Beaufort School Di a legitimate charity?
Based on AI analysis of IRS 990 filings, Scago Educational Facilities Corporation For Beaufort School Di (EIN: 141984339) some concerns. Mission Score: 70/100. 1 red flag identified, 3 strengths noted.
How does Scago Educational Facilities Corporation For Beaufort School Di spend its money?
Scago Educational Facilities Corporation For Beaufort School Di directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scago Educational Facilities Corporation For Beaufort School Di tax-deductible?
Scago Educational Facilities Corporation For Beaufort School Di is registered as a tax-exempt nonprofit (EIN: 141984339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Scago Educational Facilities Corporation For Beaufort School Di compare to similar nonprofits?
With a transparency score of 70/100 (Good), Scago Educational Facilities Corporation For Beaufort School Di is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Scago Educational Facilities Corporation For Beaufort School Di located?
Scago Educational Facilities Corporation For Beaufort School Di is headquartered in Beaufort, South Carolina and files with the IRS under EIN 141984339. It is classified under NTEE code B11.
How many years of IRS 990 filings does Scago Educational Facilities Corporation For Beaufort School Di have?
Scago Educational Facilities Corporation For Beaufort School Di has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.5M in total revenue.
What specific educational facilities does Scago Educational Facilities Corporation support?
The filings indicate support for Beaufort School District, but specific facilities are not detailed in the provided data.
How does the organization cover the consistent deficit where expenses exceed revenue?
The consistent, albeit small, deficits suggest that the organization is drawing down its assets (likely reserves or principal from bond proceeds) to cover operational costs and debt service as liabilities are also decreasing.
What is the long-term financial strategy given the declining assets and liabilities?
The declining assets and liabilities over the past decade suggest a strategy of systematic debt repayment, indicating the organization may be winding down its financial obligations over time.
Filing History
IRS 990 filing history for Scago Educational Facilities Corporation For Beaufort School Di showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Scago Educational Facilities Corporation For Beaufort School Di's revenue has declined by 71%, moving from $2.0M to $573K. Total assets decreased by 60.1% over the same period, from $37.1M to $14.8M. Total functional expenses fell by 70.5%, from $2.0M to $575K. In its most recent filing year (2023), Scago Educational Facilities Corporation For Beaufort School Di reported a deficit of $3K, with expenses exceeding revenue. The organization holds $14.8M in liabilities against $14.8M in assets (debt-to-asset ratio: 99.9%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $573K | $575K | $14.8M | $14.8M | — | View 990 |
| 2022 | $633K | $642K | $17.0M | $17.0M | — | View 990 |
| 2021 | $690K | $697K | $19.2M | $19.1M | — | View 990 |
| 2020 | $740K | $746K | $21.3M | $21.2M | — | View 990 |
| 2019 | $797K | $797K | $23.3M | $23.3M | — | View 990 |
| 2018 | $768K | $837K | $25.3M | $25.3M | — | View 990 |
| 2017 | $547K | $1.3M | $27.4M | $27.2M | — | View 990 |
| 2016 | $1.6M | $1.6M | $32.3M | $31.5M | — | View 990 |
| 2015 | $1.7M | $1.6M | $33.6M | $32.8M | — | View 990 |
| 2014 | $1.8M | $1.7M | $34.8M | $34.1M | — | View 990 |
| 2013 | $1.8M | $1.7M | $36.0M | $35.3M | — | View 990 |
| 2012 | $2.0M | $2.0M | $37.1M | $36.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $573K, expenses of $575K, and assets of $14.8M (revenue -9.6% year-over-year).
- 2022: Revenue of $633K, expenses of $642K, and assets of $17.0M (revenue -8.2% year-over-year).
- 2021: Revenue of $690K, expenses of $697K, and assets of $19.2M (revenue -6.7% year-over-year).
- 2020: Revenue of $740K, expenses of $746K, and assets of $21.3M (revenue -7.2% year-over-year).
- 2019: Revenue of $797K, expenses of $797K, and assets of $23.3M (revenue +3.8% year-over-year).
- 2018: Revenue of $768K, expenses of $837K, and assets of $25.3M (revenue +40.4% year-over-year).
- 2017: Revenue of $547K, expenses of $1.3M, and assets of $27.4M (revenue -65.4% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $32.3M (revenue -6.2% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.6M, and assets of $33.6M (revenue -4.8% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.7M, and assets of $34.8M (revenue -1.2% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.7M, and assets of $36.0M (revenue -9.2% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.0M, and assets of $37.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scago Educational Facilities Corporation For Beaufort School Di:
Data Sources and Methodology
This transparency report for Scago Educational Facilities Corporation For Beaufort School Di is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.