Scago Educational Facilities Corporation For Pickens School Dis
Scago Educational Facilities Corporation maintains equal assets and liabilities, indicating a financing or pass-through operational model.
EIN: 141984342 · Easley, SC · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.0M |
| Total Expenses | $6.2M |
| Program Spending | 90% |
| Net Assets | $0 |
| Transparency Score | 75/100 |
Is Scago Educational Facilities Corporation For Pickens School Dis 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 Pickens School Dis directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scago Educational Facilities Corporation For Pickens School Dis
Scago Educational Facilities Corporation For Pickens School Dis (EIN: 141984342) is a nonprofit organization based in Easley, SC, classified under NTEE code B112. The organization reported total revenue of $22.0M and total assets of $163.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scago Educational Facilities Corporation For Pickens School Dis's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scago Educational Facilities Corporation For Pickens School Dis is a large nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.0M |
| Total Expenses | $6.2M |
| Surplus / Deficit | +$15.8M |
| Total Assets | $180.3M |
| Total Liabilities | $180.3M |
| Net Assets | $0 |
| Operating Margin | 71.7% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 347.1 months |
Financial Health Grade: A
In 2023, Scago Educational Facilities Corporation For Pickens School Dis reported a surplus of $15.8M with revenue exceeding expenses, holds 347.1 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Scago Educational Facilities Corporation For Pickens School Dis's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +-0.0% | -10.1% | -8.2% |
| 2022 | +139.3% | -24.8% | -7.3% |
| 2021 | -6.4% | -6.4% | -6.6% |
| 2020 | -5.9% | -5.9% | -5.9% |
| 2019 | -5.0% | -5.0% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Pickens School Dis with a Mission Score of 75 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: 90%
- fundraising: 5%
According to IRS 990 filings, Scago Educational Facilities Corporation For Pickens School Dis allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $15.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, suggesting either a volunteer leadership structure or that compensation is managed and reported by an affiliated entity, which is highly efficient for the organization itself.
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 Pickens School Dis's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes granular spending efficiency analysis difficult.
- Consistent zero net assets due to assets equaling liabilities, which, while potentially normal for its structure, means traditional financial health metrics are not applicable.
Strengths
The following positive indicators were identified for Scago Educational Facilities Corporation For Pickens School Dis:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Significant revenue generation, with $22,049,468 in 2023, demonstrating capacity to support its mission.
- Expenses significantly lower than revenue in recent years ($6,231,516 vs. $22,049,468 in 2023), suggesting strong financial management within its operational model.
- Clear mission focus on educational facilities as indicated by NTEE code and name.
Frequently Asked Questions about Scago Educational Facilities Corporation For Pickens School Dis
Is Scago Educational Facilities Corporation For Pickens School Dis a legitimate charity?
Based on AI analysis of IRS 990 filings, Scago Educational Facilities Corporation For Pickens School Dis (EIN: 141984342) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Scago Educational Facilities Corporation For Pickens School Dis spend its money?
Scago Educational Facilities Corporation For Pickens School Dis directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scago Educational Facilities Corporation For Pickens School Dis tax-deductible?
Scago Educational Facilities Corporation For Pickens School Dis is registered as a tax-exempt nonprofit (EIN: 141984342). 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 Pickens School Dis's spending goes to programs?
Scago Educational Facilities Corporation For Pickens School Dis directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Scago Educational Facilities Corporation For Pickens School Dis compare to similar nonprofits?
With a transparency score of 75/100 (Good), Scago Educational Facilities Corporation For Pickens School Dis is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Scago Educational Facilities Corporation For Pickens School Dis located?
Scago Educational Facilities Corporation For Pickens School Dis is headquartered in Easley, South Carolina and files with the IRS under EIN 141984342. It is classified under NTEE code B112.
How many years of IRS 990 filings does Scago Educational Facilities Corporation For Pickens School Dis have?
Scago Educational Facilities Corporation For Pickens School Dis has 14 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 $22.0M in total revenue.
What is the specific nature of the 'facilities' Scago Educational Facilities Corporation manages or finances?
Based on the NTEE code B112 (Elementary & Secondary Education Facilities), the organization is involved with facilities for K-12 education, likely within the Pickens School District as indicated by its name.
Why do assets consistently equal liabilities in all reported periods?
This financial structure strongly suggests the organization operates as a conduit or financing vehicle, where its assets (e.g., properties, bonds) are directly offset by corresponding liabilities (e.g., bonds payable, mortgages). It's common for entities that issue debt to fund public infrastructure like school facilities.
How does the organization utilize the significant difference between revenue and expenses, such as the $15.8 million surplus in 2023?
Given the asset/liability structure, this surplus revenue likely goes towards debt service, capital improvements, or is held for future facility-related expenditures, rather than accumulating as unrestricted net assets.
Is the organization transparent about its specific program activities and impact?
While the financial data indicates a focus on facilities, the provided summary does not offer details on specific program activities or impact metrics beyond the financial figures. Further review of their full 990 forms would be needed for this level of transparency.
Filing History
IRS 990 filing history for Scago Educational Facilities Corporation For Pickens School Dis showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Scago Educational Facilities Corporation For Pickens School Dis's revenue has declined by 30.9%, moving from $31.9M to $22.0M. Total assets decreased by 74.2% over the same period, from $698.9M to $180.3M. Total functional expenses fell by 62.2%, from $16.5M to $6.2M. In its most recent filing year (2023), Scago Educational Facilities Corporation For Pickens School Dis reported a surplus of $15.8M, with revenue exceeding expenses. The organization holds $180.3M in liabilities against $180.3M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.0M | $6.2M | $180.3M | $180.3M | — | — |
| 2022 | $22.1M | $6.9M | $196.5M | $196.5M | — | View 990 |
| 2021 | $9.2M | $9.2M | $212.0M | $212.0M | — | View 990 |
| 2020 | $9.8M | $9.8M | $226.9M | $226.9M | — | View 990 |
| 2019 | $10.5M | $10.5M | $241.2M | $241.2M | — | View 990 |
| 2018 | $11.0M | $11.0M | $260.9M | $260.9M | — | View 990 |
| 2017 | $11.6M | $11.6M | $272.1M | $272.1M | — | View 990 |
| 2016 | $12.2M | $12.2M | $282.5M | $282.5M | — | View 990 |
| 2015 | $11.5M | $11.5M | $296.4M | $296.4M | — | View 990 |
| 2014 | $15.4M | $15.4M | $310.3M | $310.3M | — | View 990 |
| 2013 | $15.9M | $15.9M | $321.3M | $321.3M | — | View 990 |
| 2012 | $16.2M | $16.2M | $333.0M | $333.0M | — | View 990 |
| 2011 | $21.5M | $16.4M | $700.1M | $342.7M | — | View 990 |
| 2010 | $31.9M | $16.5M | $698.9M | $346.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.0M, expenses of $6.2M, and assets of $180.3M (revenue +-0.0% year-over-year).
- 2022: Revenue of $22.1M, expenses of $6.9M, and assets of $196.5M (revenue +139.3% year-over-year).
- 2021: Revenue of $9.2M, expenses of $9.2M, and assets of $212.0M (revenue -6.4% year-over-year).
- 2020: Revenue of $9.8M, expenses of $9.8M, and assets of $226.9M (revenue -5.9% year-over-year).
- 2019: Revenue of $10.5M, expenses of $10.5M, and assets of $241.2M (revenue -5.0% year-over-year).
- 2018: Revenue of $11.0M, expenses of $11.0M, and assets of $260.9M (revenue -4.7% year-over-year).
- 2017: Revenue of $11.6M, expenses of $11.6M, and assets of $272.1M (revenue -4.9% year-over-year).
- 2016: Revenue of $12.2M, expenses of $12.2M, and assets of $282.5M (revenue +5.8% year-over-year).
- 2015: Revenue of $11.5M, expenses of $11.5M, and assets of $296.4M (revenue -25.3% year-over-year).
- 2014: Revenue of $15.4M, expenses of $15.4M, and assets of $310.3M (revenue -3.0% year-over-year).
- 2013: Revenue of $15.9M, expenses of $15.9M, and assets of $321.3M (revenue -2.2% year-over-year).
- 2012: Revenue of $16.2M, expenses of $16.2M, and assets of $333.0M (revenue -24.7% year-over-year).
- 2011: Revenue of $21.5M, expenses of $16.4M, and assets of $700.1M (revenue -32.5% year-over-year).
- 2010: Revenue of $31.9M, expenses of $16.5M, and assets of $698.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scago Educational Facilities Corporation For Pickens School Dis:
Data Sources and Methodology
This transparency report for Scago Educational Facilities Corporation For Pickens School Dis 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.