Scago Educational Facilities Corporation For Spartanburg School
Scago Educational Facilities Corporation faces significant long-term solvency challenges with liabilities far exceeding assets.
EIN: 134323768 · Campobello, SC · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $497K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-6,417,596 |
| Transparency Score | 35/100 |
Is Scago Educational Facilities Corporation For Spartanburg School Legit?
Significant 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 Spartanburg School directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Scago Educational Facilities Corporation For Spartanburg School
Scago Educational Facilities Corporation For Spartanburg School (EIN: 134323768) is a nonprofit organization based in Campobello, SC, classified under NTEE code B112. The organization reported total revenue of $1.1M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scago Educational Facilities Corporation For Spartanburg School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scago Educational Facilities Corporation For Spartanburg School is a mid-size nonprofit that has been operating for 17 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $497K |
| Surplus / Deficit | +$646K |
| Total Assets | $5.7M |
| Total Liabilities | $12.2M |
| Net Assets | $-6,417,596 |
| Operating Margin | 56.5% |
| Debt-to-Asset Ratio | 211.7% |
| Months of Reserves | 138.7 months |
Financial Health Grade: A
In 2018, Scago Educational Facilities Corporation For Spartanburg School reported a surplus of $646K with revenue exceeding expenses, holds 138.7 months of operating reserves (strong position), has a debt-to-asset ratio of 211.7% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Scago Educational Facilities Corporation For Spartanburg School's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -0.1% | -2.9% | -0.8% |
| 2016 | -100.0% | -38.8% | -18.4% |
| 2015 | -0.3% | +17.9% | -27.1% |
| 2014 | +0.1% | -17.4% | -16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Spartanburg School with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 70%
- fundraising: 5%
According to IRS 990 filings, Scago Educational Facilities Corporation For Spartanburg School allocates its expenses as follows: admin: 25%, programs: 70%, fundraising: 5%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $646K, with revenue exceeding expenses.
- Debt-to-asset ratio: 211.7%.
Executive Compensation Analysis
No officer compensation has been reported across all eight years of filings, which is unusual for an organization with over $1 million in annual revenue and significant assets, suggesting either volunteer leadership or compensation is categorized differently.
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 Spartanburg School's IRS 990 filings:
- Significant negative net assets, with liabilities consistently far exceeding assets (e.g., $12.1M liabilities vs. $5.7M assets in 2018).
- Consistent decline in total assets over the filing history, from $15.3M in 2011 to $5.7M in 2018.
- Periods of extremely low or zero reported revenue (e.g., $0 revenue in 2016) while still incurring substantial expenses.
- Expenses frequently exceeding revenue, contributing to the negative financial position.
Strengths
The following positive indicators were identified for Scago Educational Facilities Corporation For Spartanburg School:
- Consistent filing of IRS Form 990s, indicating a commitment to regulatory compliance.
- No officer compensation reported across all years, potentially indicating volunteer leadership or efficient use of funds for executive roles.
Frequently Asked Questions about Scago Educational Facilities Corporation For Spartanburg School
Is Scago Educational Facilities Corporation For Spartanburg School a legitimate charity?
Based on AI analysis of IRS 990 filings, Scago Educational Facilities Corporation For Spartanburg School (EIN: 134323768) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Scago Educational Facilities Corporation For Spartanburg School spend its money?
Scago Educational Facilities Corporation For Spartanburg School directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scago Educational Facilities Corporation For Spartanburg School tax-deductible?
Scago Educational Facilities Corporation For Spartanburg School is registered as a tax-exempt nonprofit (EIN: 134323768). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Scago Educational Facilities Corporation For Spartanburg School CEO make?
Scago Educational Facilities Corporation For Spartanburg School's highest-compensated officer earns $1 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Scago Educational Facilities Corporation For Spartanburg School's spending goes to programs?
Scago Educational Facilities Corporation For Spartanburg School directs 70% to programs, 5% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Scago Educational Facilities Corporation For Spartanburg School compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Scago Educational Facilities Corporation For Spartanburg School is below 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 Spartanburg School located?
Scago Educational Facilities Corporation For Spartanburg School is headquartered in Campobello, South Carolina and files with the IRS under EIN 134323768. It is classified under NTEE code B112.
How many years of IRS 990 filings does Scago Educational Facilities Corporation For Spartanburg School have?
Scago Educational Facilities Corporation For Spartanburg School has 8 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 $1.1M in total revenue.
Is Scago Educational Facilities Corporation For Spartanburg School financially stable?
No, the organization is not financially stable. Its liabilities of $12,164,907 in 2018 significantly outweigh its assets of $5,747,311, indicating a substantial negative net asset position and long-term solvency concerns.
Why did the organization report $0 revenue in 2016?
The summary data indicates $0 revenue in 2016, while expenses were $570,575. This suggests a period where the organization either had no income-generating activities or its revenue was not reported in the same manner as other years, which warrants further investigation into the full 990 filing for that period.
What is the trend in the organization's assets and liabilities?
The organization's assets have consistently declined from $15,308,880 in 2011 to $5,747,311 in 2018, while liabilities have also decreased but remain significantly higher than assets, moving from $18,572,854 in 2011 to $12,164,907 in 2018.
How does the organization cover its expenses when revenue is low?
With expenses often exceeding revenue, and significant liabilities, the organization appears to be drawing down its assets or relying on other forms of financing to cover operational costs, as evidenced by the consistent decline in assets over the years.
Filing History
IRS 990 filing history for Scago Educational Facilities Corporation For Spartanburg School showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Scago Educational Facilities Corporation For Spartanburg School's revenue has grown by 64.7%, moving from $694K to $1.1M. Total assets decreased by 62.5% over the same period, from $15.3M to $5.7M. Total functional expenses fell by 46.5%, from $930K to $497K. In its most recent filing year (2018), Scago Educational Facilities Corporation For Spartanburg School reported a surplus of $646K, with revenue exceeding expenses. The organization holds $12.2M in liabilities against $5.7M in assets (debt-to-asset ratio: 211.7%), resulting in net assets of $-6,417,596.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $1.1M | $497K | $5.7M | $12.2M | — | View 990 |
| 2017 | $1.1M | $512K | $5.8M | $12.9M | — | — |
| 2016 | $0 | $571K | $5.8M | $13.5M | — | View 990 |
| 2015 | $86K | $932K | $7.2M | $14.3M | — | View 990 |
| 2014 | $86K | $791K | $9.8M | $16.1M | — | View 990 |
| 2013 | $86K | $957K | $11.7M | $17.0M | — | View 990 |
| 2012 | $86K | $1.2M | $13.4M | $17.8M | — | View 990 |
| 2011 | $694K | $930K | $15.3M | $18.6M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $1.1M, expenses of $497K, and assets of $5.7M (revenue -0.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $512K, and assets of $5.8M.
- 2016: Revenue of $0, expenses of $571K, and assets of $5.8M (revenue -100.0% year-over-year).
- 2015: Revenue of $86K, expenses of $932K, and assets of $7.2M (revenue -0.3% year-over-year).
- 2014: Revenue of $86K, expenses of $791K, and assets of $9.8M (revenue +0.1% year-over-year).
- 2013: Revenue of $86K, expenses of $957K, and assets of $11.7M (revenue -0.7% year-over-year).
- 2012: Revenue of $86K, expenses of $1.2M, and assets of $13.4M (revenue -87.6% year-over-year).
- 2011: Revenue of $694K, expenses of $930K, and assets of $15.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scago Educational Facilities Corporation For Spartanburg School:
Data Sources and Methodology
This transparency report for Scago Educational Facilities Corporation For Spartanburg School 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.