South Carolina Future Minds
EIN: 571036861 · Florence, SC · NTEE: B19
| Metric | Value |
|---|---|
| Total Revenue | $157K |
| Total Expenses | $188K |
| Net Assets | $41K |
Is South Carolina Future Minds Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Carolina Future Minds
South Carolina Future Minds (EIN: 571036861) is a nonprofit organization based in Florence, SC, classified under NTEE code B19. The organization reported total revenue of $157K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Future Minds's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Future Minds is a small nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $188K |
| Surplus / Deficit | $-31,054 |
| Total Assets | $68K |
| Total Liabilities | $27K |
| Net Assets | $41K |
| Operating Margin | -19.7% |
| Debt-to-Asset Ratio | 39.7% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2020, South Carolina Future Minds reported a deficit of $31K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 39.7% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2020), South Carolina Future Minds's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -50.4% | -48.0% | -17.9% |
| 2019 | -32.5% | -27.8% | -46.4% |
| 2018 | -1.8% | -8.9% | +0.4% |
| 2017 | -7.5% | -0.8% | -27.3% |
| 2016 | +30.4% | +36.1% | -20.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Carolina Future Minds has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Carolina Future Minds with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.7%.
Frequently Asked Questions about South Carolina Future Minds
Is South Carolina Future Minds a legitimate charity?
Based on AI analysis of IRS 990 filings, South Carolina Future Minds (EIN: 571036861) insufficient data. 0 red flags identified, 0 strengths noted.
How does South Carolina Future Minds spend its money?
Detailed spending breakdown data is not yet available for South Carolina Future Minds. Check back for updated IRS 990 analysis.
Are donations to South Carolina Future Minds tax-deductible?
South Carolina Future Minds is registered as a tax-exempt nonprofit (EIN: 571036861). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Carolina Future Minds located?
South Carolina Future Minds is headquartered in Florence, South Carolina and files with the IRS under EIN 571036861. It is classified under NTEE code B19.
How many years of IRS 990 filings does South Carolina Future Minds have?
South Carolina Future Minds has 10 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 $157K in total revenue.
Filing History
IRS 990 filing history for South Carolina Future Minds showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), South Carolina Future Minds's revenue has declined by 20.6%, moving from $198K to $157K. Total assets decreased by 71% over the same period, from $233K to $68K. Total functional expenses fell by 31.5%, from $275K to $188K. In its most recent filing year (2020), South Carolina Future Minds reported a deficit of $31K, with expenses exceeding revenue. The organization holds $27K in liabilities against $68K in assets (debt-to-asset ratio: 39.7%), resulting in net assets of $41K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $157K | $188K | $68K | $27K | — | View 990 |
| 2019 | $317K | $362K | $82K | $11K | — | View 990 |
| 2018 | $470K | $502K | $154K | $38K | — | View 990 |
| 2017 | $479K | $551K | $153K | $14K | — | View 990 |
| 2016 | $518K | $556K | $210K | $10K | — | View 990 |
| 2015 | $397K | $408K | $265K | $30K | — | View 990 |
| 2014 | $383K | $388K | $244K | $2K | — | View 990 |
| 2013 | $420K | $403K | $254K | $7K | — | View 990 |
| 2012 | $375K | $363K | $235K | $5K | — | View 990 |
| 2011 | $198K | $275K | $233K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $157K, expenses of $188K, and assets of $68K (revenue -50.4% year-over-year).
- 2019: Revenue of $317K, expenses of $362K, and assets of $82K (revenue -32.5% year-over-year).
- 2018: Revenue of $470K, expenses of $502K, and assets of $154K (revenue -1.8% year-over-year).
- 2017: Revenue of $479K, expenses of $551K, and assets of $153K (revenue -7.5% year-over-year).
- 2016: Revenue of $518K, expenses of $556K, and assets of $210K (revenue +30.4% year-over-year).
- 2015: Revenue of $397K, expenses of $408K, and assets of $265K (revenue +3.7% year-over-year).
- 2014: Revenue of $383K, expenses of $388K, and assets of $244K (revenue -8.8% year-over-year).
- 2013: Revenue of $420K, expenses of $403K, and assets of $254K (revenue +11.8% year-over-year).
- 2012: Revenue of $375K, expenses of $363K, and assets of $235K (revenue +89.5% year-over-year).
- 2011: Revenue of $198K, expenses of $275K, and assets of $233K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carolina Future Minds:
Data Sources and Methodology
This transparency report for South Carolina Future Minds 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.