City Of Anderson Public Facilities Corporation
- Assets
- $10.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Anderson, SC
- Founding
- Data as of
- 06/2022
- 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 06/2022, City Of Anderson Public Facilities Corporation generated $1.4m in total revenue. All expenses for the organization totaled $227.9k during the year ending 06/2022. While expenses have increased by 16.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE CITY OF ANDERSON WITH THE FINANCING OF THE CONSTRUCTION OF A MUNICIPAL PARKING GARAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS IN THE PROCESS OF CONSTRUCTING A MUNICIPAL PARKING GARAGE. THE CORPORATION HAS AN AGREEMENT WITH THE CITY THAT PROVIDES FOR PAYMENTS TO BE MADE BY THE CITY THAT INCLUDE DEBT SERVICE OF THE TAXABLE BOND ISSUE USED TO HELP DEFRAY THE COSTS OF THE PROJECT AND PAYMENTS TOWARDS ACQUISITION OF THE PROJECT BY THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mccuen IV President | OfficerTrustee | 0.01 | $0 |
Andrew Strickland Vice Preside | OfficerTrustee | 0.01 | $0 |
Margot Martin Secretary/tr | OfficerTrustee | 0.25 | $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 | $1,440,503 |
| 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 | $1,440,503 |
| 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 | $1,616 |
| 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 | $225,083 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $227,949 |
| 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 | $10,313,682 |
| Total assets | $10,314,286 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,479,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,479,000 |
| 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 | $3,835,286 |
| Total liabilities and net assets/fund balances | $10,314,286 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Financing Foundation Inc Atlanta, GA | $708,479,784 | $70,788,810 |
Institute For Professionals In Taxation Atlanta, GA | $11,139,144 | $4,786,764 |
Southern Federal Tax Institute Inc Decatur, GA | $2,089,844 | $709,057 |
North Carolina Government Finance Officers Association Raleigh, NC | $633,966 | $451,301 |
Southeastern Association Of Tax Administrators Garner, NC | $456,629 | $276,214 |
City Of Anderson Public Facilities Corporation Anderson, SC | $10,314,286 | $1,440,503 |
North Georgia Low Income Taxpayer Clinic Inc Lawrenceville, GA | $7,177 | $0 |
Lake City Healthcare Foundation Lake City, SC | $124,721 | $315,967 |
Atlanta Tax Forum Inc Atlanta, GA | $27,716 | $0 |
Civitas Action Inc Raleigh, NC | $55,063 | $0 |
Durham Capital Financing Corporation Durham, NC | $0 | $0 |
North Augusta Public Facilities Corporation North Augusta, SC | $9,738,217 | $0 |
Fresh Start Tax Relief Travelers Rest, SC | $0 | $0 |