Scago Educational Facilities Corporation For Sumter 17 School D
Scago Educational Facilities Corporation experiences consistent asset decline amid expenses slightly exceeding revenue.
EIN: 141984340 · Sumter, SC · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $743K |
| Total Expenses | $837K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $21 |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Scago Educational Facilities Corporation For Sumter 17 School D 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 Sumter 17 School D directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scago Educational Facilities Corporation For Sumter 17 School D
Scago Educational Facilities Corporation For Sumter 17 School D (EIN: 141984340) is a nonprofit organization based in Sumter, SC, classified under NTEE code B11. The organization reported total revenue of $743K and total assets of $21.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scago Educational Facilities Corporation For Sumter 17 School D's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scago Educational Facilities Corporation For Sumter 17 School D is a small 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 -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $823K |
| Total Expenses | $837K |
| Surplus / Deficit | $-13,300 |
| Total Assets | $23.5M |
| Total Liabilities | $22.4M |
| Net Assets | $1.2M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 95.1% |
| Months of Reserves | 337.6 months |
Financial Health Grade: C
In 2023, Scago Educational Facilities Corporation For Sumter 17 School D reported a deficit of $13K with expenses exceeding revenue, holds 337.6 months of operating reserves (strong position), has a debt-to-asset ratio of 95.1% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Scago Educational Facilities Corporation For Sumter 17 School D's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | -15.0% | -8.0% |
| 2022 | +0.0% | +0.0% | -7.2% |
| 2021 | -7.0% | -6.9% | -6.6% |
| 2020 | -11.7% | -6.1% | -6.0% |
| 2019 | +0.0% | -5.8% | -5.2% |
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 Sumter 17 School D 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Scago Educational Facilities Corporation For Sumter 17 School D allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 95.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This suggests a volunteer-led executive structure or that compensation is covered by an affiliated entity, which is highly efficient for an organization with assets exceeding $21 million.
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 Sumter 17 School D's IRS 990 filings:
- Consistent trend of expenses exceeding revenue, leading to asset decline (e.g., assets decreased from $25.6M in 2022 to $23.5M in 2023).
- Lack of detailed functional expense breakdown in provided data makes it difficult to fully assess spending efficiency beyond executive compensation.
Strengths
The following positive indicators were identified for Scago Educational Facilities Corporation For Sumter 17 School D:
- No reported officer compensation, indicating highly efficient executive leadership costs.
- Substantial asset base ($21.3M latest, $23.5M in 2023) provides financial stability despite recent operating deficits.
- Consistent IRS 990 filing history (12 filings) demonstrates strong regulatory compliance and transparency.
- Clear mission focus on educational facilities (NTEE B11).
Frequently Asked Questions about Scago Educational Facilities Corporation For Sumter 17 School D
Is Scago Educational Facilities Corporation For Sumter 17 School D a legitimate charity?
Based on AI analysis of IRS 990 filings, Scago Educational Facilities Corporation For Sumter 17 School D (EIN: 141984340) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Scago Educational Facilities Corporation For Sumter 17 School D spend its money?
Scago Educational Facilities Corporation For Sumter 17 School D 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 Sumter 17 School D tax-deductible?
Scago Educational Facilities Corporation For Sumter 17 School D is registered as a tax-exempt nonprofit (EIN: 141984340). 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 Sumter 17 School D CEO make?
Scago Educational Facilities Corporation For Sumter 17 School D's highest-compensated officer earns $21 annually. The organization reported $743K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Scago Educational Facilities Corporation For Sumter 17 School D compare to similar nonprofits?
With a transparency score of 75/100 (Good), Scago Educational Facilities Corporation For Sumter 17 School D 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 Sumter 17 School D located?
Scago Educational Facilities Corporation For Sumter 17 School D is headquartered in Sumter, South Carolina and files with the IRS under EIN 141984340. It is classified under NTEE code B11.
How many years of IRS 990 filings does Scago Educational Facilities Corporation For Sumter 17 School D have?
Scago Educational Facilities Corporation For Sumter 17 School D 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 $743K in total revenue.
Is Scago Educational Facilities Corporation For Sumter 17 School D financially sustainable given its trend of expenses exceeding revenue?
The organization has consistently reported expenses slightly higher than revenue in recent years (e.g., $836,744 expenses vs. $823,444 revenue in 2023), leading to a gradual decrease in assets. While it still holds substantial assets ($23,539,599 in 2023), this trend, if continued indefinitely without a strategic plan, could impact long-term sustainability.
What are the primary expenses for this organization?
Given its NTEE code (B11 - Educational Facilities) and purpose, it is highly probable that the primary expenses are related to the acquisition, maintenance, and operation of educational facilities. Without a detailed functional expense breakdown, specific categories cannot be identified, but property-related costs would likely dominate.
Why is officer compensation consistently reported as 0%?
A 0% officer compensation suggests that the organization's officers are either volunteers, or their compensation is covered by an affiliated entity (e.g., the school district it supports) and not directly paid by Scago Educational Facilities Corporation. This is a positive indicator for minimizing administrative overhead.
Filing History
IRS 990 filing history for Scago Educational Facilities Corporation For Sumter 17 School D showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Scago Educational Facilities Corporation For Sumter 17 School D's revenue has declined by 44.5%, moving from $1.5M to $823K. Total assets decreased by 42.7% over the same period, from $41.1M to $23.5M. Total functional expenses fell by 53.7%, from $1.8M to $837K. In its most recent filing year (2023), Scago Educational Facilities Corporation For Sumter 17 School D reported a deficit of $13K, with expenses exceeding revenue. The organization holds $22.4M in liabilities against $23.5M in assets (debt-to-asset ratio: 95.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $823K | $837K | $23.5M | $22.4M | — | — |
| 2022 | $972K | $985K | $25.6M | $24.4M | — | View 990 |
| 2021 | $972K | $985K | $27.6M | $26.4M | — | View 990 |
| 2020 | $1.0M | $1.1M | $29.5M | $28.3M | — | View 990 |
| 2019 | $1.2M | $1.1M | $31.4M | $30.2M | — | View 990 |
| 2018 | $1.2M | $1.2M | $33.1M | $31.9M | — | View 990 |
| 2017 | $1.2M | $1.2M | $34.8M | $33.6M | — | View 990 |
| 2016 | $754K | $1.3M | $35.3M | $34.1M | — | View 990 |
| 2015 | $1.6M | $1.7M | $39.2M | $37.4M | — | View 990 |
| 2014 | $1.5M | $1.7M | $39.6M | $37.7M | — | View 990 |
| 2013 | $1.6M | $3.9M | $40.2M | $38.0M | — | View 990 |
| 2012 | $1.5M | $1.8M | $41.1M | $36.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $823K, expenses of $837K, and assets of $23.5M (revenue -15.3% year-over-year).
- 2022: Revenue of $972K, expenses of $985K, and assets of $25.6M (revenue +0.0% year-over-year).
- 2021: Revenue of $972K, expenses of $985K, and assets of $27.6M (revenue -7.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.1M, and assets of $29.5M (revenue -11.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $31.4M (revenue +0.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $33.1M (revenue -3.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $34.8M (revenue +62.4% year-over-year).
- 2016: Revenue of $754K, expenses of $1.3M, and assets of $35.3M (revenue -53.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.7M, and assets of $39.2M (revenue +11.3% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.7M, and assets of $39.6M (revenue -8.6% year-over-year).
- 2013: Revenue of $1.6M, expenses of $3.9M, and assets of $40.2M (revenue +7.3% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.8M, and assets of $41.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scago Educational Facilities Corporation For Sumter 17 School D:
Data Sources and Methodology
This transparency report for Scago Educational Facilities Corporation For Sumter 17 School D 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.