Overview
What is Educational Facilities Corporation For Lexington School District No 2?
The Educational Facilities Corporation for Lexington School District No 2 is a nonprofit organization, headquartered at 715 Ninth Street, West Columbia, South Carolina (SC 29169). Its primary mission is to support Lexington County School District Two by acquiring, constructing, financing, pledging, improving, maintaining, operating, managing, leasing, and disposing of school buildings and other public education facilities. This commitment extends to facilitating debt service payments on various properties to ensure the continuity of educational facilities for the district. The organization's activities aim to enhance the educational environment and provide necessary facilities for the district's students.
Is Educational Facilities Corporation For Lexington School District No 2 legitimate?
Educational Facilities Corporation For Lexington School District No 2 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Facilities Corporation For Lexington School District No 2 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
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What is the mission statement of Educational Facilities Corporation For Lexington School District No 2?
The Educational Facilities Corporation for Lexington School District No 2 is dedicated to supporting the educational needs of its district. Specifically, its mission involves acquiring, constructing, financing, pledging, improving, maintaining, operating, managing, leasing, and disposing of school buildings and other public education facilities. These facilities are intended for the use and benefit of Lexington County School District Two. In fiscal year 2022, the organization continued to facilitate debt service payments on various properties held for the benefit of the school district.
What is the revenue of Educational Facilities Corporation For Lexington School District No 2?
Educational Facilities Corporation For Lexington School District No 2's revenue in 2023 was $2,140,750.
Who are the executives of Educational Facilities Corporation For Lexington School District No 2 and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $221,138
- Other: $30,400
- Compensation: $0
- Related: $122,265
- Other: $33,811
- Compensation: $0
- Related: $83,354
- Other: $25,107
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Educational Facilities Corporation For Lexington School District No 2?
Educational Facilities Corporation For Lexington School District No 2's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Educational Facilities Corporation For Lexington School District No 2
The Educational Facilities Corporation for Lexington School District No 2 is committed to procuring, constructing, financing, pledging, improving, maintaining, operating, managing, leasing, and disposing of school buildings and other public education facilities. This organization serves the benefit of Lexington County School District Two, ensuring these facilities are readily available and functional for the district's use. In the fiscal year 2022, the corporation continued to facilitate debt service payments on various properties held for the benefit of Lexington County School District Two.
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Impact
October, 2024
Educational Facilities Corporation for Lexington School District No 2 plays a crucial role in enhancing the educational landscape of Lexington County by facilitating the development and maintenance of school facilities. The organization is dedicated to acquiring, constructing, financing, and managing school buildings and other public education facilities, which directly benefits the local school district.
In fiscal year 2022, the corporation successfully managed the debt service payments associated with various properties, ensuring financial stability and continued support for the district's operational needs. This dedication to improving and maintaining educational infrastructure not only provides students with safe and conducive learning environments but also supports the overall growth and quality of education within the community. By managing these facilities efficiently, the organization has a lasting impact on the educational experience available to students in Lexington County.
This information is meant to be a general summary of Educational Facilities Corporation For Lexington School District No 2. 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 2023.
- Investment Income: $13,210
- Program Service Revenue: $2,127,540
- Gross Receipts: $2,140,750
Assets and Liabilities:
- Total Assets: $17,164,607
- Total Liabilities: $17,164,607
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISTRICT FACILITY PAYMENTS
Revenue
$2,127,540
Organization Details
Founding Year
2006
Principal Officer
Donnie Boland
NTEE Category
Code: T990 - Philanthropy
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