Program areas at Clarendon Facilities Corporation
Organization leased county administration complex to Clarendon county, sc in an ammount equal to the annual debt service requirements on associated debt/bond issuance. The installment purchase agreement between the organization and Clarendon county requires that the county pay to the organization an annual installment payment equal to the debt services requirements associated with issued debt. A transfer of interest/ownership equal to said annnual principal portion of the payment in the facility is given from the organization to Clarendon county. When the bonds are paid off, Clarendon county will have 100% ownership in said facility.
Organization leased various Facilities to Clarendon county, sc in an amount equal to the annual debt service requirements on associated debt/bond issuance. The installment purchase agreement between the organization and Clarendon county requires that the county pay to the organization an annual installment payment equal to the debt services requirements associated with issued debt. A transfer of interest/ownership equal to said annnual principal portion of the payment in the facility is given from the organization to Clarendon county. When the bonds are paid off, Clarendon county will have 100% ownership in said facility.
Organization leased county courthouse facility to Clarendon county, sc in an amount equal to the annual debt service requirements on associated debt/bond issuance. The installment purchase agreement between the organization and Clarendon county requires that the county pay to the organization an annual installment payment equal to the debt services requirements associated with issued debt. A transfer of interest/ownership equal to said annnual principal portion of the payment in the facility is given from the organization to Clarendon county. When the bonds are paid off, Clarendon county will have 100% ownership in said facility.
Personnel at Clarendon Facilities Corporation
| Name | Title | Compensation | Date of data |
|---|
| Michael L King | Vice - Chair and Secretary and Treasurer | $0 | 2023-12-31 |
| August J Cutter | Boardchair | $0 | 2023-05-03 |
Financials for Clarendon Facilities Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $1,486,777 | $746,234 | 99.2% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $663,075 | $0 | 999% |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $2,149,852 | $746,234 | 188.1% |
Organizations like Clarendon Facilities Corporation
| Organization | Type | Location | Revenue |
|---|
| Kern Community College District Public Facilities Corporation | 501(c)(4) | Bakersfield, CA | $2,620,502 |
| Mendocino County Public Facilities Corporation | 501(c)(4) | Ukiah, CA | $1,869,148 |
| County Services Support | 501(c)(4) | Murray, UT | $2,959,997 |
| Scago Public Facilities Corporation for Georgetown County | 501(c)(3) | Georgetown, SC | $809,904 |
| Efficient Government Public Service | 501(c)(3) | Atlanta, GA | $925,450 |
| Crawfordsville Elementary School Building Corp | 501(c)(4) | Crawfordsville, IN | $778,408 |
| Moreno Valley Unified School District School Facilities Corporation | 501(c)(4) | Moreno Valley, CA | $1,380,230 |
| Fairfield Facilities Corporation | 501(c)(4) | Winnsboro, SC | $1,759,465 |
| City and County of San Francisco Finance Corporation | 501(c)(4) | San Francisco, CA | $4,655,000 |
| Snowline School Facilities Corporation | 501(c)(4) | Phelan, CA | $4,156,915 |
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 9, 2022
Posted financials
Added Form 990 for fiscal year 2020
July 3, 2022
Updated personnel
Identified 4 new personnel
March 1, 2022
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsReal estate organizations
Issues
Public policy
Characteristics
Management and technical assistanceNo full-time employees
General information
- Address
- 411 Sunset Dr
- Manning, SC 29102
- Metro area
- Sumter, SC
- County
- Clarendon County, SC
- Phone
- (803) 435-8424
IRS details
- EIN
- 27-3883624
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2010
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W20: Government and Public Administration
- NAICS code, primary
- 5313: Real Estate Services
- Parent/child status
- Independent
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