Overview
What is South Carolina Association Of Governmental Organizations?
The South Carolina Association of Governmental Organizations is a nonprofit organization situated in Columbia, South Carolina. Their primary mission is to support the financial and investment opportunities of public school districts, municipalities, and special-purpose districts within South Carolina. To achieve this goal, they engage in various activities, such as financing expenses, making loans, acquiring property, and selling bonds to provide funds for these purposes. The association assists these entities in their property-related needs, helping them to operate, sell, or lease property effectively. In essence, the South Carolina Association of Governmental Organizations serves as a valuable resource for the growth and development of public entities in the state.
Official website here: www.scago.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
The South Carolina Association Of Governmental Organizations has received a two-star rating from Charity Navigator, indicating a need for improvement in various accountability and financial practices. The organization demonstrates strengths such as a fully independent board and solid policies regarding conflict of interest and asset management. However, it falls short in areas like whistleblower protections and document retention, which are critical for maintaining transparency and trust.
Specific weaknesses noted include a low program expense ratio, suggesting that a smaller portion of its budget is directed towards its programs compared to administrative and fundraising costs. Additionally, the organization has not posted crucial documents like board meeting minutes and its tax form on its website, which could limit public access to important information about its operations.
Overall, while the organization has established certain strong governance practices, addressing the identified gaps is essential for improving its accountability and enhancing its overall effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is South Carolina Association Of Governmental Organizations legitimate?
South Carolina Association Of Governmental Organizations is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina Association Of Governmental Organizations submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.scago.com
What is the mission statement of South Carolina Association Of Governmental Organizations?
The South Carolina Association of Governmental Organizations' mission is to aid school districts, municipalities, and special-purpose districts in South Carolina. They accomplish this by facilitating financing opportunities, acquiring, operating, or leasing property, providing loans for related expenses, acquiring obligations, and making funds available through the sale and issuance of bonds and other forms of indebtedness. Essentially, their purpose is to support these entities in their financial needs.
Official website here: www.scago.com
Who is the CEO of South Carolina Association Of Governmental Organizations?
John K Gardner is the Board Member of South Carolina Association Of Governmental Organizations.
Official website here: www.scago.com
What is the revenue of South Carolina Association Of Governmental Organizations?
South Carolina Association Of Governmental Organizations's revenue in 2022 was $67,403.
Official website here: www.scago.com
Who are the executives of South Carolina Association Of Governmental Organizations and what are their salaries?
There 8 volunteers at South Carolina Association Of Governmental Organizations.
Here are 8 key members and their salaries:
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Official website here: www.scago.com
Where can I find the form 990 for South Carolina Association Of Governmental Organizations?
South Carolina Association Of Governmental Organizations's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scago.com
Learn more at the official website: www.scago.com
Mission Statement of South Carolina Association Of Governmental Organizations
The South Carolina Association of Governmental Organizations serves a significant role in promoting financial and investment opportunities that benefit South Carolina's public school districts. Its mission is centrally focused on assisting school districts, municipalities, and special-purpose districts by facilitating the acquisition, operation, sale, or leasing of property. This is achieved through various means, such as financing expenses, making loans for these purposes, or acquiring obligations. Furthermore, the organization makes funds available for such purposes by selling and issuing its bonds and other evidence of indebtedness. In essence, the South Carolina Association of Governmental Organizations supports the financial needs of various public entities, aiming to enhance their operations and ensure their continued success.
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Impact
August, 2024
The South Carolina Association of Governmental Organizations plays a crucial role in supporting school districts, municipalities, and special purpose districts in the state. Its mission is to assist these entities in acquiring, operating, selling, or leasing property by providing financing options, making loans, acquiring obligations, and issuing bonds and other forms of indebtedness. By promoting financing and investment opportunities for the benefit of South Carolina public school districts, this organization contributes to the overall improvement of communities in the state.
This information is meant to be a general summary of South Carolina Association Of Governmental Organizations. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $132
- Program Service Revenue: $67,271
- Gross Receipts: $67,403
Assets and Liabilities:
- Total Assets: $247,462
- Total Liabilities: $1,303
- Net Assets: $246,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SC GO DEBT PROGRAM
Revenue
$50,361
SC TAN PROGRAM
Revenue
$16,910
Organization Details
Founding Year
2002
Phone
(864) 594-4404Principal Officer
John K Gardner
Main Address
POST OFFICE BOX 7391, COLUMBIA, SC, 29202
Website
www.scago.comNTEE Category
Code: S03 - Community improvement
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