Sovsc is located in Bluffton, SC. The organization was established in 2019. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, 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. Sovsc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
RENTAL OF REAL PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF REAL PROPERTY.
RENTAL OF REAL PROPERTY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sean Thornton Board President | Officer | 1 | $0 |
Jeff Kidd Board Member | Officer | 1 | $0 |
Jon Carpenter Treasurer/secretary | Officer | 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 | $0 |
Investment income | $370 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $548,093 |
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 | $548,463 |
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 | $25,200 |
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 | $126,367 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $161,693 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $88,437 |
Insurance | $32,567 |
All other expenses | $0 |
Total functional expenses | $515,217 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $35,107 |
Savings and temporary cash investments | $191,777 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $20,232 |
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 | $4,099,405 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,346,521 |
Accounts payable and accrued expenses | $125 |
Grants payable | $0 |
Deferred revenue | $8,000 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $4,175,090 |
Unsecured mortgages and notes payable | $114,749 |
Other liabilities | $0 |
Total liabilities | $4,297,964 |
Net assets without donor restrictions | $0 |
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 | $48,557 |
Total liabilities and net assets/fund balances | $4,346,521 |
Organization Name | Assets | Revenue |
---|---|---|
New Hanover County Financing Corporation Wilmington, NC | $173,771,463 | $19,818,938 |
Orange County Public Facilities Co Hillsborough, NC | $15,500,213 | $5,902,613 |
Clt Host 2020 Inc Charlotte, NC | $2,898,616 | $594,290 |
Sovsc Bluffton, SC | $4,346,521 | $548,463 |
Palmetto State Growth Fund Inc Columbia, SC | $19,870,017 | $877,649 |
Heart For Greenville Greenville, NC | $75,085 | $0 |
Clement Volunteer Fire Department Inc Autryville, NC | $121,676 | $253,061 |
Sc State Guard Mission & Operations Support Foundation Inc Mt Pleasant, SC | $122,240 | $0 |
North Carolina Industrial Hemp Association Inc Asheville, NC | $0 | $0 |
Achasta Veterans Association Inc Dahlonega, GA | $326 | $0 |
Friends Of The Cherokee County Fair Inc Murphy, NC | $21,945 | $0 |
South Carolina Military Support Foundation West Columbia, SC | $186,275 | $19,642 |