Overview
What is Fairfield Facilities Corporation?
The Fairfield Facilities Corporation, headquartered at 250 N Walnut Street in Winnsboro, South Carolina (ZIP 29180), is a nonprofit public benefit corporation. Established with a perpetual duration and succession, its primary mission is to finance and construct public buildings and facilities for Fairfield County, South Carolina. This encompasses the acquisition and operation of certain county facilities, including a portion of the Walter Brown II Industrial Park with an investment building (using Series 2013A bonds). Moreover, Series 2013B bonds will be employed to finance the expansion of the county courthouse, administration, sheriff, and E-911 building, commerce center, fire protection facilities, and recreational facilities.
What are the reviews and ratings of this charity?
Fairfield Facilities Corporation is not currently rated by Charity Navigator, as it is not recognized as a 501(c)(3) nonprofit organization by the IRS. This absence of a formal rating does not inherently suggest any positive or negative qualities about the organization. Charity Navigator's methodology typically relies on data such as IRS Form 990 filings to provide ratings, which are not applicable to this organization.
The organization lacks an Accountability & Finance beacon or an Impact & Measurement beacon due to its non-501(c)(3) status. This status restricts its evaluation under several Charity Navigator methodologies, including Leadership & Adaptability, Culture & Community, and Impact & Measurement. However, the organization's independent status suggests it operates autonomously, without affiliations affecting its operations or oversight.
There are no user reviews available on GreatNonprofits for Fairfield Facilities Corporation. This lack of user feedback means additional insights into the personal experiences or perceived community impact of this organization are unavailable at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Fairfield Facilities Corporation legitimate?
Fairfield Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fairfield 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
For more financial information, click here
What is the mission statement of Fairfield Facilities Corporation?
The Fairfield Facilities Corporation functions as a non-profit organization, dedicated to constructing and maintaining public buildings and facilities, aiming to alleviate the financial burdens of a county. Through various means, including debt issuance and real property acquisition, the corporation finances the county's construction and acquisition of certain facilities. Notable projects include portions of an industrial park, a county courthouse, administration buildings, a commerce center, fire protection facilities, and recreational facilities, all funded by Series 2013A and 2013B bonds.
Who is the CEO of Fairfield Facilities Corporation?
Robert Drake is the Chairman/President of Fairfield Facilities Corporation.
What is the revenue of Fairfield Facilities Corporation?
Fairfield Facilities Corporation's revenue in 2022 was $28,229,779.
Who are the executives of Fairfield Facilities Corporation and what are their salaries?
There 2 volunteers at Fairfield Facilities Corporation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fairfield Facilities Corporation?
Fairfield Facilities Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fairfield Facilities Corporation
Fairfield Facilities Corporation, a nonprofit public benefit corporation with perpetual duration, is dedicated to constructing and maintaining public buildings and facilities. The organization, with no members, operates to alleviate the financial burdens of Fairfield County, South Carolina. It achieves this mission by issuing debt, purchasing real and personal property, and financing, developing, constructing, acquiring, installing, and operating certain public facilities.
More specifically, Fairfield Facilities Corporation finances the county's construction and acquisition of certain facilities. For instance, it utilizes Series 2013A Bonds to cover the costs of constructing a portion of the Walter Brown II Industrial Park with an investment building. Furthermore, Series 2013B Bonds are employed to fund the expansion of the County Courthouse, County Administration/Sheriff/E-911 Building, Commerce Center, various fire protection facilities, and various recreational facilities. By undertaking these projects, Fairfield Facilities Corporation enhances the infrastructure and resources of the county, contributing to the betterment of the community.
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Impact
October, 2024
Fairfield Facilities Corporation plays a pivotal role in enhancing public infrastructure in Fairfield County, South Carolina. By organizing and operating as a public benefit corporation, it focuses on the construction and maintenance of essential public buildings and facilities. Its activities directly support the county's growth and development, addressing community needs and reducing local governmental burdens.
The corporation has facilitated significant investments, such as funding through Series 2013A and 2013B taxable bonds, specifically designed to finance the construction and acquisition of various facilities. This includes crucial developments in the Walter Brown II Industrial Park, which fosters business investment and economic growth in the region.
Additionally, it aims to enhance vital community resources by supporting projects like the courthouse expansion, improvements to the county administration and sheriff's facilities, as well as upgrades to fire protection and recreational facilities. By spearheading these initiatives, Fairfield Facilities Corporation not only improves the quality of public services but also promotes overall community well-being and economic vitality in the area.
This information is meant to be a general summary of Fairfield 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: $28,811
- Program Service Revenue: $28,200,968
- Gross Receipts: $28,229,779
Assets and Liabilities:
- Total Assets: $29,722,776
- Total Liabilities: $0
- Net Assets: $29,722,776
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSTALLMENT PURCHASE PROCEEDS
Revenue
$28,200,968
Organization Details
Founding Year
2013
Phone
(803) 712-6502Principal Officer
Robert Drake
Main Address
250 N WALNUT STREET, WINNSBORO, SC, 29180
NTEE Category
Code: Z99 - Unknown
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