City Of Florence Public Facilities Corporation is located in Florence, SC. The organization was established in 2019. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Florence 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 06/2022, City Of Florence Public Facilities Corporation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $17.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FINANCE, CONSTRUCT, AND RENOVATE PUBLIC FACILITIES IN THE CITY OF FLORENCE, SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCING AND CONSTRUCTION OF PUBLIC FACILITIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Randall S Osterman President | OfficerTrustee | 1 | $0 |
Charles E Pope Vice-President | OfficerTrustee | 1 | $0 |
Kevin V Yokim Secretary/treasurer | OfficerTrustee | 1 | $0 |
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 | $2,298,604 |
Investment income | $68,381 |
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 | $2,366,985 |
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 | $4,500 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
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 | $1,058,604 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $16,079,914 |
Total functional expenses | $17,143,018 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $11,733,868 |
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 | $503,782 |
Investments—publicly traded securities | $0 |
Investments—other securities | $6,690,663 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $18,928,313 |
Accounts payable and accrued expenses | $4,759,983 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $36,095,000 |
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 | $0 |
Total liabilities | $40,854,983 |
Net assets without donor restrictions | -$21,926,670 |
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 | $18,928,313 |
Organization Name | Assets | Revenue |
---|---|---|
City Of Florence Public Facilities Corporation Florence, SC | $18,928,313 | $2,366,985 |
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Pcmh Management Inc Greenville, NC | $44,108,971 | $7,088,400 |
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Society For Human Resource Mangement Shrm-Atlanta Inc Atlanta, GA | $1,469,118 | $1,192,778 |
Steel Joist Institute Florence, SC | $1,092,464 | $970,121 |
Iredell County Economic Development Corporation Mooresville, NC | $980,582 | $959,388 |
Wuerffel Foundation Inc Atlanta, GA | $512,313 | $814,052 |
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Ripple Fund Charleston, SC | $474,809 | $678,195 |
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Rack Manufacturers Institute Charlotte, NC | $764,054 | $389,246 |