Overview
What is Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo?
Scago EFC for Colleton School District, overseen by Ramona Barrett, serves as a nonprofit corporation with charitable purposes. Established to support the School District of Colleton County in South Carolina, its mission involves acquiring, leasing, developing, financing, refinancing, constructing, and operating educational facilities. The organization raised funds through bond sales in 2006, which were later refunded in 2015. Annually, the district issues debt, and the county levies taxes to cover the installment payments of these bonds. The primary objective of Scago EFC is to ensure the provision of quality educational facilities for the Colleton School District.
Official website here: www.colleton.k12.sc.us
Is Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo legitimate?
Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo 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.colleton.k12.sc.us
What is the mission statement of Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo?
The Scago Educational Facilities Corporation, established for educational and charitable purposes, primarily focuses on acquiring or leasing real and/or personal property. Its primary objective is to develop, finance, refinance, construct, acquire, install, and operate certain educational facilities. These facilities are intended for use by the Colleton County School District in South Carolina. The corporation's activities primarily revolve around financing and managing the construction, acquisition, and renovation of educational facilities, which are then sold to the school district.
Official website here: www.colleton.k12.sc.us
Who is the CEO of Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo?
John K Gardner is the Secretary/Treasurer of Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo.
Official website here: www.colleton.k12.sc.us
What is the revenue of Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo?
Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo's revenue in 2022 was $1,743,670.
Official website here: www.colleton.k12.sc.us
Who are the executives of Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $90,690
- Other: $37,967
- Compensation: $0
- Related: $87,728
- Other: $29,188
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.colleton.k12.sc.us
Where can I find the form 990 for Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo?
Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.colleton.k12.sc.us
Learn more at the official website: www.colleton.k12.sc.us
Mission Statement of Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo
Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo was established with a mission to serve educational and charitable purposes. Specifically, this organization aims to acquire or lease real and personal property, and develop, finance, refinance, construct, acquire, install, and operate certain educational facilities. The ultimate goal is to make these facilities available for use by the School District of Colleton County, South Carolina. This corporation's mission is to contribute to the development of educational infrastructure, thereby supporting the educational needs of the Colleton County School District.
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Impact
October, 2024
Scago EFC for Colleton School District, under the direction of Ramona Barrett, plays a crucial role in enhancing educational opportunities in Colleton County, South Carolina. By acquiring, financing, and developing educational facilities, the organization enables the district to improve its infrastructure, ensuring that students have access to modern and functional learning environments.
The issuance of installment revenue bonds, which began in 2006 and continued with subsequent refinancing efforts, showcases the organization's commitment to securing financial resources for educational projects. These bonds provide essential funding for constructing and renovating facilities that meet the needs of the school district. By facilitating these developments, the Scago EFC directly impacts the quality of education by allowing for updated classrooms and amenities that support student learning.
Furthermore, the annual issuance of general obligation debt by the Colleton School District, alongside the tax levies by the county, ensures a steady financial pathway for the payment of these bonds. This financial strategy underscores the importance of collaborative efforts between the Scago EFC, the school district, and the county in fostering a robust educational environment.
Ultimately, Scago EFC for Colleton School District empowers the educational system by investing in its physical infrastructure, which is vital for nurturing the academic growth and development of students in the area.
This information is meant to be a general summary of Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo. 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: $5
- Program Service Revenue: $1,743,665
- Gross Receipts: $6,717,105
Assets and Liabilities:
- Total Assets: $49,638,217
- Total Liabilities: $53,010,000
- Net Assets: -$3,371,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASING INCOME
Revenue
$6,717,100
LESS AMT APPLIED TO SALE OF ASSET
Revenue
-$4,973,435
Organization Details
Founding Year
2006
Phone
(803) 799-9800Principal Officer
John K Gardner
Main Address
213 NORTH JEFFERIES BOULEVARD, WALTERBORO, SC, 29488
Website
www.colleton.k12.sc.usNTEE Category
Code: B11 - Education
If you are a representative of Scago Efc For Colleton School District C/O Ramona Barrett Accountant Cpo and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.