Scago Educational Facilitiescorporation For Cherokee County
Scago Educational Facilitiescorporation maintains stable revenue and reduces liabilities with no reported officer compensation.
EIN: 204822484 · Greer, SC · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.7 |
| Net Assets | $26.7M |
| Transparency Score | 90/100 |
Is Scago Educational Facilitiescorporation For Cherokee County Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scago Educational Facilitiescorporation For Cherokee County directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scago Educational Facilitiescorporation For Cherokee County
Scago Educational Facilitiescorporation For Cherokee County (EIN: 204822484) is a nonprofit organization based in Greer, SC, classified under NTEE code B11. The organization reported total revenue of $2.8M and total assets of $46.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scago Educational Facilitiescorporation For Cherokee County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scago Educational Facilitiescorporation For Cherokee County is a mid-size nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$340K |
| Total Assets | $46.6M |
| Total Liabilities | $19.9M |
| Net Assets | $26.7M |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 42.7% |
| Months of Reserves | 231.1 months |
Financial Health Grade: A
In 2023, Scago Educational Facilitiescorporation For Cherokee County reported a surplus of $340K with revenue exceeding expenses, holds 231.1 months of operating reserves (strong position), has a debt-to-asset ratio of 42.7% (moderate leverage).
Financial Trends
Over 3 years of filings (2020–2023), Scago Educational Facilitiescorporation For Cherokee County's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +1.4% | -4.2% |
| 2022 | -0.3% | -15.1% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
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 Facilitiescorporation For Cherokee County with a Mission Score of 90 out of 100 (Excellent). 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 Facilitiescorporation For Cherokee County 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 surplus of $340K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.7%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all three filings, indicating that no salaries or benefits were paid to officers, directors, trustees, or key employees, which is highly favorable for a nonprofit of its size ($2.7 million in revenue).
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.
Strengths
The following positive indicators were identified for Scago Educational Facilitiescorporation For Cherokee County:
- Consistent revenue generation around $2.7 million annually.
- Significant reduction in liabilities from $26,484,050 to $19,903,783.
- Consistent reporting of 0% officer compensation, indicating high efficiency and transparency.
- Operates with a financial surplus in recent years (e.g., $2,759,985 revenue vs. $2,419,696 expenses in 2023).
- Clear alignment with its NTEE code (B11 - Elementary & Secondary Education) and organizational name.
Frequently Asked Questions about Scago Educational Facilitiescorporation For Cherokee County
Is Scago Educational Facilitiescorporation For Cherokee County a legitimate charity?
Based on AI analysis of IRS 990 filings, Scago Educational Facilitiescorporation For Cherokee County (EIN: 204822484) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Scago Educational Facilitiescorporation For Cherokee County spend its money?
Scago Educational Facilitiescorporation For Cherokee County directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scago Educational Facilitiescorporation For Cherokee County tax-deductible?
Scago Educational Facilitiescorporation For Cherokee County is registered as a tax-exempt nonprofit (EIN: 204822484). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Scago Educational Facilitiescorporation For Cherokee County CEO make?
Scago Educational Facilitiescorporation For Cherokee County's highest-compensated officer earns $2.7 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Scago Educational Facilitiescorporation For Cherokee County compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Scago Educational Facilitiescorporation For Cherokee County 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 Facilitiescorporation For Cherokee County located?
Scago Educational Facilitiescorporation For Cherokee County is headquartered in Greer, South Carolina and files with the IRS under EIN 204822484. It is classified under NTEE code B11.
How many years of IRS 990 filings does Scago Educational Facilitiescorporation For Cherokee County have?
Scago Educational Facilitiescorporation For Cherokee County has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.8M in total revenue.
Is Scago Educational Facilitiescorporation For Cherokee County a good charity?
Based on the available IRS 990 data, Scago Educational Facilitiescorporation appears to be a good charity. It demonstrates financial stability with consistent revenue, operates with a surplus, and has significantly reduced its liabilities. A key positive indicator is the reported 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How does the organization manage its debt?
The organization has effectively managed its debt, reducing liabilities from $26,484,050 in 2020 to $19,903,783 in 2023, a decrease of over $6.5 million. This indicates prudent financial management and a strengthening balance sheet.
What is the trend in the organization's assets?
The organization's assets have seen a slight decline from $52,092,955 in 2020 to $46,592,266 in 2023. However, this decline is accompanied by a more significant reduction in liabilities, suggesting a healthier overall financial position.
Filing History
IRS 990 filing history for Scago Educational Facilitiescorporation For Cherokee County showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2023), Scago Educational Facilitiescorporation For Cherokee County's revenue has declined by 0.1%, moving from $2.8M to $2.8M. Total assets decreased by 10.6% over the same period, from $52.1M to $46.6M. Total functional expenses fell by 13.9%, from $2.8M to $2.4M. In its most recent filing year (2023), Scago Educational Facilitiescorporation For Cherokee County reported a surplus of $340K, with revenue exceeding expenses. The organization holds $19.9M in liabilities against $46.6M in assets (debt-to-asset ratio: 42.7%), resulting in net assets of $26.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.4M | $46.6M | $19.9M | — | View 990 |
| 2022 | $2.8M | $2.4M | $48.6M | $22.3M | — | View 990 |
| 2020 | $2.8M | $2.8M | $52.1M | $26.5M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.4M, and assets of $46.6M (revenue +0.3% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.4M, and assets of $48.6M (revenue -0.3% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.8M, and assets of $52.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scago Educational Facilitiescorporation For Cherokee County:
Data Sources and Methodology
This transparency report for Scago Educational Facilitiescorporation For Cherokee County 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.