Engenuitysc FY2020 filing

Columbia, SCUnknown exempt organization EIN 35-2321058Revenue $908K in FY2020Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSengenuitysc.comColumbia, SC

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Developing a platform for collaboration between governments, education and the business community and targeting projects that seek to transform the region into an area known for innovation, growth and progressiveness

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2321058) · Dispute this line
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $44K a year · 10% of revenue · last 3 filings
A surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
58%
of spending
58% of spending went to programs.
Pt IX · Ln 25 · col B
2.2 mo
of spending, in cash
2.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$31K
16% of total assets
Liabilities are 16% of assets.
Pt X · Ln 26
Independent board members
16
of 16 voting members
16 of 16 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$908K
Spent
$880K
To programs
58%
Net assets
$159K
By yearFY2020–FY2022
Revenue
$908K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$908K
FY2021$355K
FY2022$73K
Expenses
$880K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$880K
FY2021$380K
FY2022$207K
Net assets
$159K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$159K
FY2021$134K
FY2022$0

From the FY2020 Form 990 (year ending June 2020) · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $509K Management & general 42% · $371K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Founding Co-Chair
$0Pt VII · Sec A
Founding Co-Chair
$0Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
See Engenuitysc executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects governments, education, and business to drive regional innovation and growth.

Questions for Engenuitysc

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Your first name shows with your question. Engenuitysc answers here, for everyone.

3 programs · $427K · in their own filed words · FY2019
01

Richland County School District One-Comprehensive Partnership

Review summary: since june of 2013, engenuitysc has offered programming in an ever-growing number of schools in richland one. Programs include stem experiences, soft skills development, entrepreneurship training, capital improvements, teacher enrichment programs and capacity building.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2321058) · Dispute this line
$286Kprogram expense
02

Midlands regional competitiveness report and competitiveness week - review summary: the midlands regional competitiveness report is an annual scorecard benchmarking the columbia msa against our peer and aspirant communities.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2321058) · Dispute this line
$85Kprogram expense
03

Midlands Business Leadership Group

Review summary: since 2016, engenuitysc has provided project management support for the midlands business leadership group (MBLG), a coalition of more than 50 ceos and senior executives from our region's largest employers who regularly convene and work on issues that are important to the midlands.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2321058) · Dispute this line
$56Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$5

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$908K
Ln 12
Gifts and grantsLn 1h$907K
Other incomeLn 4–11$2K
Investment incomeLn 3$2
Money outPt IX
$880K
Ln 25
Programscol B$509K
Managementcol C$371K
Owns and owesPt X
$159K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$190K
LiabilitiesLn 26$31K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$907K
Government grantsLn 1e$139K
Investment incomeLn 3$2
Other incomeLn 4–11$2K
Gains on assetsLn 7$2K
Total revenueLn 12$908K
Assets in detailPt X, end of year
CashLn 1$165K
Cash and savings togetherLn 1–2$165K
Accounts receivableLn 4$25K
Total assetsLn 16$190K
LiabilitiesLn 26$31K
Net assetsLn 32$159K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$163K$165K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$190K$190K
LiabilitiesLn 26$59K$31K
Net assetsLn 32$131K$159K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$532K$317K$215K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$30K$17K$13K
Information technologyLn 14$6K$6K
TravelLn 17$670$278$392
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$294K$172K$122K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$880K$509K$371K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Jan 27, 2023 $73K$207K−$134K$0 990 PDF
FY2021Filed with the IRS Jan 13, 2022 $355K$380K−$25K$134K 990 PDF
FY2020 ViewingFiled with the IRS Feb 3, 2021 $908K$880K$28K$159K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $908,292 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,139,330$906,615
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9$1,677
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,139,339$908,292
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,189,472$880,079
I-18 Total expensesPrior year $1,189,472$880,079
I-19 Revenue less expensesPrior year −$50,133$28,213
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $908,292 across 6 lines filed
VIII-1e Government grants$139,000
VIII-1f All other contributions, gifts and grants$767,615
VIII-1h Total contributions, gifts and grants$906,615
VIII-3 Investment incomeRelated to mission $2$2
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,675$1,675
VIII-12 Total revenueRelated to mission $1,677 · Unrelated business $0 · Excluded from tax $0$908,292
Part IX · Statement of functional expenses $880,079 across 9 lines filed
IX-11a Management feesPrograms $317,362 · Management $215,000$532,362
IX-11c Accounting feesManagement $10,853$10,853
IX-12 Advertising and promotionPrograms $2,041$2,041
IX-13 Office expensesPrograms $16,961 · Management $13,445$30,406
IX-14 Information technologyManagement $6,455$6,455
IX-17 TravelPrograms $278 · Management $392$670
IX-23 InsuranceManagement $1,688$1,688
IX-24 Other expenses (24a–d)Programs $172,361 · Management $122,109$294,470
IX-24e All other expensesManagement $1,134$1,134
IX-25 Total functional expensesPrograms $509,003 · Management $371,076 · Fundraising $0$880,079
Part X · Balance sheet $190,118 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $162,865$164,974
X-4 Accounts receivableStart of year $23,220$25,144
X-9 Prepaid expenses and deferred chargesStart of year $3,992$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $190,077$190,118
X-17 Accounts payable and accrued expensesStart of year $58,847$30,675
X-26 Total liabilitiesStart of year $58,847$30,675
X-27 Net assets without donor restrictionsStart of year $131,230$159,443
X-32 Total net assets or fund balancesStart of year $131,230$159,443
X-33 Total liabilities and net assetsStart of year $190,077$190,118
Part XI · Reconciliation of net assets $159,443 net assets at year end
XI-1 Total revenue$908,292
XI-2 Total expenses$880,079
XI-3 Revenue less expenses$28,213
XI-4 Net assets at start of year$131,230
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$159,443

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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