Overview
What is Sovsc?
Sovsc is a nonprofit organization centered around the acquisition, ownership, and operation of two buildings located at Trader's Cross, Okatie, South Carolina. The primary objective is to lease the entire property on a nonprofit basis to the Office of the Solicitor for the 14th Judicial Circuit. Although its main purpose is to provide a property for this office, Sovsc also manages the rental of this space, operating on a nonprofit basis. The organization's mission encompasses the financing and maintenance of the properties, ensuring they are well-maintained and functional for their designated tenant.
Is Sovsc legitimate?
Sovsc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sovsc 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 Sovsc?
Sovsc's mission is centered around the acquisition, ownership, and operation of specific buildings and properties. The primary objective is to lease this real estate in its entirety on a nonprofit basis to a particular office, in this case, the Office of the Solicitor for a specific judicial circuit. Notably, Sovsc carries out this mission without retaining any tenants from the previous property owner.
Who is the CEO of Sovsc?
Sean Thornton is the Board President of Sovsc.
What is the revenue of Sovsc?
Sovsc's revenue in 2020 was $548,463.
Who are the executives of Sovsc and what are their salaries?
There 3 volunteers at Sovsc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $115,000
- Other: $0
- Compensation: $0
- Related: $70,692
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sovsc?
Sovsc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Sovsc
Sovsc, a nonprofit organization, is primarily dedicated to acquiring, owning, financing, and operating real estate properties. Its sole mission is to lease these properties on a nonprofit basis to the Office of the Solicitor for the 14th Judicial Circuit. Notably, Sovsc inherits some tenants from the previous owner, but the majority of the property is leased to the specified office. This arrangement allows Sovsc to contribute to the operational needs of the Office of the Solicitor, playing a role in supporting the judicial circuit's operations indirectly.
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Impact
October, 2024
Sovsc significantly contributes to its community by providing critical infrastructure for the Office of the Solicitor for the 14th Judicial Circuit. By acquiring, owning, and operating the properties at 108 and 110 Trader's Cross in Okatie, South Carolina, Sovsc ensures that legal services are housed in appropriate and accessible facilities. This arrangement not only enhances the operational capabilities of the Solicitor's Office but also promotes public benefit by facilitating the functioning of the judicial system in the region.
The strategic leasing of this property helps streamline legal processes and improve accessibility for the public, which can lead to a more efficient justice system. By maintaining these properties, Sovsc plays a vital role in supporting the local judicial infrastructure, thereby fostering a greater sense of community trust and engagement in legal processes. Overall, Sovsc's impact is rooted in enhancing the effectiveness and accessibility of essential government services.
This information is meant to be a general summary of Sovsc. 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 2020.
- Investment Income: $370
- Gross Receipts: $548,463
Assets and Liabilities:
- Total Assets: $4,346,521
- Total Liabilities: $4,297,964
- Net Assets: $48,557
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Organization Details
Founding Year
2017
Phone
(843) 790-6439Principal Officer
Sean Thornton
Main Address
P O BOX 1880, BLUFFTON, SC, 29910
NTEE Category
Code: W11 - Public benefit
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