Clarendon Facilities Corporation

Organization Overview

Clarendon Facilities Corporation is located in Manning, SC. The organization was established in 2012. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, 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. Clarendon Facilities Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Clarendon Facilities Corporation generated $751.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $751.7k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZATION ESTABLISHED TO AQUIRE, CONSTRUCT, IMPROVE AND LEASE FACILITIES TO BE USED BY CLARENDON COUNTY, SC (A POLITICAL SUB-DIVISION OF THE STATE OF SOUTH CAROLINA).

Describe the Organization's Program Activity:

Part 3 - Line 4a

ORGANIZATION LEASED COUNTY ADMINISTRATION COMPLEX TO CLARENDON COUNTY, SC IN AN AMMOUNT EQUAL TO THE ANNUAL DEBT SERVICE REQUIREMENTS ON ASSOCIATED DEBT/BOND ISSUANCE. THE INSTALLMENT PURCHASE AGREEMENT BETWEEN THE ORGANIZATION AND CLARENDON COUNTY REQUIRES THAT THE COUNTY PAY TO THE ORGANIZATION AN ANNUAL INSTALLMENT PAYMENT EQUAL TO THE DEBT SERVICES REQUIREMENTS ASSOCIATED WITH ISSUED DEBT. A TRANSFER OF INTEREST/OWNERSHIP EQUAL TO SAID ANNNUAL PRINCIPAL PORTION OF THE PAYMENT IN THE FACILITY IS GIVEN FROM THE ORGANIZATION TO CLARENDON COUNTY. WHEN THE BONDS ARE PAID OFF, CLARENDON COUNTY WILL HAVE 100% OWNERSHIP IN SAID FACILITY.


ORGANIZATION LEASED COUNTY COURTHOUSE FACILITY TO CLARENDON COUNTY, SC IN AN AMOUNT EQUAL TO THE ANNUAL DEBT SERVICE REQUIREMENTS ON ASSOCIATED DEBT/BOND ISSUANCE. THE INSTALMENT PURCHASE AGREEMENT BETWEEN THE ORGANIZATION AND CLARENDON COUNTY REQUIRES THAT THE COUNTY PAY TO THE ORGANIZATION AN ANNUAL INSTALLMENT PAYMENT EQUAL TO THE DEBT SERVICES REQUIREMENTS ASSOCIATED WITH ISSUED DEBT. A TRANSFER OF INTEREST/OWNERSHIP EQUAL TO SAID ANNNUAL PRINCIPAL PORTION OF THE PAYMENT IN THE FACILITY IS GIVEN FROM THE ORGANIZATION TO CLARENDON COUNTY. WHEN THE BONDS ARE PAID OFF, CLARENDON COUNTY WILL HAVE 100% OWNERSHIP IN SAID FACILITY.


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Board, Officers & Key Employees

Name (title)Compensation
August J Cutter
Boardchair
$0
Michael L King
Vice-Chair/secretary/treas
$0
Bobby Pierce
Boardmember
$0
Linzy Washington
Boardmember
$0
Blake Gibbons
Boardmember
$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$751,684
Investment income $0
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 $751,684

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