Overview
What is Fort Mill School Facilities Corporation?
The Fort Mill School Facilities Corporation is a nonprofit organization based in Fort Mill, South Carolina, specifically at 2233 Deerfield Drive, 29715. Its primary mission is to acquire, construct, and renovate facilities for the Fort Mill School District. These facilities are then leased back to the district. Throughout FY22, the corporation continued to service the debt on these facilities, with a total payment of $5,409,951, of which $1,800,063 was for the interest portion of the debt service. The corporation's primary role is to support the educational needs of the Fort Mill School District by providing well-maintained and updated facilities.
Is Fort Mill School Facilities Corporation legitimate?
Fort Mill School Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Mill School Facilities Corporation 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 Fort Mill School Facilities Corporation?
The Fort Mill School Facilities Corporation is established with the mission to procure, construct, and renovate educational facilities for the Fort Mill School District. These facilities are then leased back to the district. The primary objective of the corporation is to support the educational needs of the district by providing well-maintained and up-to-date facilities. In the fiscal year 2022, the corporation continued to service the debt on certain school district facilities, making a total payment of $5,409,951, with a significant portion going towards the interest portion of the debt service.
Who is the CEO of Fort Mill School Facilities Corporation?
Tim Patterson is the Chair of Fort Mill School Facilities Corporation.
What is the revenue of Fort Mill School Facilities Corporation?
Fort Mill School Facilities Corporation's revenue in 2022 was $1,800,063.
Who are the executives of Fort Mill School Facilities Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $172,803
- Other: $51,646
- 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 Fort Mill School Facilities Corporation?
Fort Mill School Facilities Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fort Mill School Facilities Corporation
Fort Mill School Facilities Corporation, a nonprofit entity, is dedicated to procuring, constructing, and renovating educational facilities for the Fort Mill School District. This organization operates with a distinct mission: to acquire, develop, and refurbish these facilities, subsequently leasing them back to the district. By undertaking such projects, the Corporation contributes to the enhancement of the educational infrastructure, ensuring that the district has access to modern and suitable facilities for its students and staff. During the fiscal year 2022, the Corporation continued to fulfill its debt obligations related to certain school district facilities, making total payments of $5,409,951. This includes $1,800,063 for the interest portion of the debt service, with the remaining amount applied towards reducing the principal debt.
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Impact
October, 2024
Fort Mill School Facilities Corporation plays a vital role in supporting the educational infrastructure of the Fort Mill School District. By acquiring, constructing, and renovating school facilities, the Corporation ensures that the district has updated and functional spaces for learning. In the fiscal year 2022, the Corporation facilitated the servicing of debt related to these facilities, with total payments amounting to $5,409,951. This included $1,800,063 allocated specifically for interest on the debt, while the remaining funds were applied to reduce the principal. This financial management not only underpins the operational costs but also contributes to the long-term sustainability of educational facilities in the area. The Corporation's efforts directly impact the quality of education by providing modern and well-maintained environments for students and educators in Fort Mill, South Carolina.
This information is meant to be a general summary of Fort Mill School Facilities Corporation. 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: $206
- Program Service Revenue: $1,799,857
- Gross Receipts: $5,410,157
Assets and Liabilities:
- Total Assets: $40,955,000
- Total Liabilities: $40,955,000
- 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
$1,799,857
Organization Details
Founding Year
2006
Phone
(803) 548-2527Principal Officer
Tim Patterson
Main Address
2233 DEERFIELD DRIVE, FORT MILL, SC, 29715
NTEE Category
Code: B11 - Education
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