City Of Anderson Public Facilities Corporation
- Assets
- $9.4m
- Revenue
- $79.0
- Investments
- $0.0
- Employees
- 0
- Location
- Anderson, SC
- Founding
- Data as of
- 06/2021
- EIN
- 84-4794483
Organization Overview
City Of Anderson Public Facilities Corporation is located in Anderson, SC. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Anderson Public Facilities Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, City Of Anderson Public Facilities Corporation generated $79.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (44.9%) each year. All expenses for the organization totaled $224.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED AND THE BUSINESS AND OBJECTIVES TO BE CARRIED ON AND PROMOTED BY THE CORPORATION, DIRECTLY OR INDIRECTLY BY AND THROUGH ITS SUBSIDIARIES OR AFFILIATES, ARE AS FOLLOWS: (A) TO ASSIST THE CITY ANDERSON, SOUTH CAROLINA ("CITY") BY ACQUIRING, DEVELOPING, SELLING, DONATING, CONTRIBUTING, OWNING, OPERATING, LEASING OR MANAGING, REAL PROPERTY AND IMPROVEMENTS THEREON IN THE CITY ("FACILITIES"), FOR THE BENEFIT OF THE CITY, ITS CITIZENS AND VISITORS, BY ISSUING BONDS TO DEFRAY, OR OTHERWISE FINANCING, SUCH FACILITIES, OR BY GRANTING TO THIRD PARTIES RIGHTS OF ACCESS, USE, POSSESSION AND ENJOYMENT OF THE FACILITIES, FOR THE PURPOSE OF CONSTRUCTING, OPERATING OR MANAGING SUCH FACILITIES, OR ANY PORTION THEREOF, FOR THE BENEFIT OF THE CITY, ITS CITIZENS AND VISITORS, AND TO OTHERWISE TAKE SUCH ACTION AS MAY ASSIST THE CITY AS PERMITTED BY APPLICABLE LAW. (B) TO INCREASE ECONOMIC DEVELOPMENT WITHIN THE CITY, INCREASE PROPERTY TAX REVENUES OF THE
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PROCESS OF CONSTRUCTING A MUNICIPAL CITY GARAGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margot B Martin Sec And Trea | OfficerTrustee | 1.2 | $0 |
David E Mccueniv President | OfficerTrustee | 1.2 | $0 |
Andrew C Strickland Vice Preside | OfficerTrustee | 1.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $223,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $224,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,361,128 |
| Total assets | $9,361,732 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,739,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,992,875 |
| Total liabilities | $9,731,875 |
| Net assets without donor restrictions | -$370,143 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,361,732 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Financing Foundation Inc Marietta, GA | $721,231,640 | $88,509,348 |
Institute For Professionals In Taxation Atlanta, GA | $10,421,871 | $4,118,072 |
North Augusta Public Facilities Corporation North Augusta, SC | $72,500,042 | $3,549,611 |
Southern Federal Tax Institute Inc Decatur, GA | $1,985,748 | $767,280 |
Southeastern Association Of Tax Administrators Garner, NC | $531,418 | $318,828 |
City Of Anderson Public Facilities Corporation Anderson, SC | $9,361,732 | $79 |
North Carolina Government Finance Officers Association Raleigh, NC | $622,376 | $381,391 |
Lake City Healthcare Foundation Lake City, SC | $751,494 | $59,424 |
Civitas Action Inc Raleigh, NC | $60,218 | $0 |
Atlanta Tax Forum Inc Atlanta, GA | $27,716 | $0 |
Fresh Start Tax Relief Travelers Rest, SC | $0 | $0 |