Scago Educational Facilities Corporation For Colleton School Di
Scago Educational Facilities Corporation shows declining assets and consistent operating deficits over the past decade.
EIN: 141984337 · Walterboro, SC · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| Net Assets | $-4,124,807 |
| Transparency Score | 65/100 |
Is Scago Educational Facilities Corporation For Colleton 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 Colleton School Di directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scago Educational Facilities Corporation For Colleton School Di
Scago Educational Facilities Corporation For Colleton School Di (EIN: 141984337) is a nonprofit organization based in Walterboro, SC, classified under NTEE code B11. The organization reported total revenue of $6.7M and total assets of $39.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scago Educational Facilities Corporation For Colleton 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 Colleton 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 -11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-753,024 |
| Total Assets | $44.7M |
| Total Liabilities | $48.8M |
| Net Assets | $-4,124,807 |
| Operating Margin | -43.2% |
| Debt-to-Asset Ratio | 109.2% |
| Months of Reserves | 214.7 months |
Financial Health Grade: C
In 2023, Scago Educational Facilities Corporation For Colleton School Di reported a deficit of $753K with expenses exceeding revenue, holds 214.7 months of operating reserves (strong position), has a debt-to-asset ratio of 109.2% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Scago Educational Facilities Corporation For Colleton School Di's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | -6.5% | -10.0% |
| 2022 | +1.4% | -6.6% | -9.1% |
| 2021 | +487.7% | +78.3% | -8.3% |
| 2020 | -90.8% | -49.8% | -7.7% |
| 2019 | +26580208.3% | +3954.8% | -35.4% |
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 Colleton School Di with a Mission Score of 65 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Scago Educational Facilities Corporation For Colleton School Di allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $753K, with expenses exceeding revenue.
- Debt-to-asset ratio: 109.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive aspect, suggesting a strong commitment to directing resources towards its mission rather than executive salaries, especially for an organization with assets in the tens of millions.
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 Colleton School Di's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue, as seen in 2023 ($2,495,321 expenses vs. $1,742,297 revenue).
- Declining asset base: Total assets have significantly decreased from $109,346,701 in 2014 to $44,655,193 in 2023.
- High liabilities relative to assets in earlier periods: Liabilities were $86,791,893 against assets of $99,997,726 in 2018, indicating a highly leveraged position.
Strengths
The following positive indicators were identified for Scago Educational Facilities Corporation For Colleton School Di:
- Zero officer compensation: No executive compensation reported across all filings, indicating a strong commitment to mission-focused spending.
- Clear mission focus: NTEE code B11 (Elementary & Secondary Education) suggests a direct link to supporting educational infrastructure.
- Consistent IRS 990 filing history: 12 filings available, demonstrating transparency in reporting.
Frequently Asked Questions about Scago Educational Facilities Corporation For Colleton School Di
Is Scago Educational Facilities Corporation For Colleton School Di a legitimate charity?
Based on AI analysis of IRS 990 filings, Scago Educational Facilities Corporation For Colleton School Di (EIN: 141984337) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Scago Educational Facilities Corporation For Colleton School Di spend its money?
Scago Educational Facilities Corporation For Colleton School Di directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scago Educational Facilities Corporation For Colleton School Di tax-deductible?
Scago Educational Facilities Corporation For Colleton School Di is registered as a tax-exempt nonprofit (EIN: 141984337). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Scago Educational Facilities Corporation For Colleton School Di's spending goes to programs?
Scago Educational Facilities Corporation For Colleton School Di directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Scago Educational Facilities Corporation For Colleton School Di compare to similar nonprofits?
With a transparency score of 65/100 (Good), Scago Educational Facilities Corporation For Colleton 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 Colleton School Di located?
Scago Educational Facilities Corporation For Colleton School Di is headquartered in Walterboro, South Carolina and files with the IRS under EIN 141984337. It is classified under NTEE code B11.
How many years of IRS 990 filings does Scago Educational Facilities Corporation For Colleton School Di have?
Scago Educational Facilities Corporation For Colleton 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 $6.7M in total revenue.
What is the specific nature of the liabilities, and how are they being managed?
The filings indicate substantial liabilities, reaching $86,791,893 in 2018. Understanding if these are primarily bond obligations, mortgages, or other forms of debt related to educational facilities is crucial for assessing financial risk and long-term stability.
What is the long-term strategy to address the consistent operating deficits?
With expenses frequently exceeding revenue (e.g., $2,495,321 expenses vs. $1,742,297 revenue in 2023), the organization appears to be drawing down assets or relying on other funding sources. A clear strategy for achieving financial sustainability is important.
How does the organization ensure its program spending is impactful given the financial trends?
While the NTEE code suggests a focus on educational facilities, the financial data primarily shows asset and liability management. More detail on how the organization's activities directly benefit schools and students would be beneficial.
Are there plans to increase revenue streams or reduce expenses to improve financial health?
The consistent decline in assets and the operating deficits suggest a need for either increased revenue generation or expense reduction. Information on future financial planning would be valuable.
Filing History
IRS 990 filing history for Scago Educational Facilities Corporation For Colleton 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 Colleton School Di's revenue has declined by 72.6%, moving from $6.4M to $1.7M. Total assets decreased by 59% over the same period, from $108.8M to $44.7M. Total functional expenses fell by 48.2%, from $4.8M to $2.5M. In its most recent filing year (2023), Scago Educational Facilities Corporation For Colleton School Di reported a deficit of $753K, with expenses exceeding revenue. The organization holds $48.8M in liabilities against $44.7M in assets (debt-to-asset ratio: 109.2%), resulting in net assets of $-4,124,807.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.5M | $44.7M | $48.8M | — | — |
| 2022 | $1.7M | $2.7M | $49.6M | $53.0M | — | View 990 |
| 2021 | $1.7M | $2.9M | $54.6M | $57.0M | — | View 990 |
| 2020 | $292K | $1.6M | $59.6M | $60.9M | — | View 990 |
| 2019 | $3.2M | $3.2M | $64.6M | $64.6M | — | View 990 |
| 2018 | $12 | $79K | $100.0M | $86.8M | — | View 990 |
| 2017 | $0 | $375K | $100.0M | $86.8M | — | View 990 |
| 2016 | $5K | $84K | $100.3M | $86.8M | — | View 990 |
| 2015 | $6.8M | $4.5M | $100.3M | $86.8M | — | View 990 |
| 2014 | $6.5M | $4.5M | $109.3M | $90.2M | — | — |
| 2013 | $6.3M | $4.7M | $108.7M | $91.6M | — | — |
| 2012 | $6.4M | $4.8M | $108.8M | $93.2M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.5M, and assets of $44.7M (revenue -0.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.7M, and assets of $49.6M (revenue +1.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $2.9M, and assets of $54.6M (revenue +487.7% year-over-year).
- 2020: Revenue of $292K, expenses of $1.6M, and assets of $59.6M (revenue -90.8% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.2M, and assets of $64.6M (revenue +26580208.3% year-over-year).
- 2018: Revenue of $12, expenses of $79K, and assets of $100.0M.
- 2017: Revenue of $0, expenses of $375K, and assets of $100.0M (revenue -100.0% year-over-year).
- 2016: Revenue of $5K, expenses of $84K, and assets of $100.3M (revenue -99.9% year-over-year).
- 2015: Revenue of $6.8M, expenses of $4.5M, and assets of $100.3M (revenue +4.4% year-over-year).
- 2014: Revenue of $6.5M, expenses of $4.5M, and assets of $109.3M (revenue +2.5% year-over-year).
- 2013: Revenue of $6.3M, expenses of $4.7M, and assets of $108.7M (revenue -0.8% year-over-year).
- 2012: Revenue of $6.4M, expenses of $4.8M, and assets of $108.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scago Educational Facilities Corporation For Colleton School Di:
Data Sources and Methodology
This transparency report for Scago Educational Facilities Corporation For Colleton 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.