Engenuitysc FY2021 filing

Columbia, SCUnknown exempt organization EIN 35-2321058Revenue $355K in FY2021Latest 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, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2321058) · Dispute this line
41¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
41%
of spending
41% of spending went to programs.
Pt IX · Ln 25 · col B
3.5 mo
of spending, in cash
3.5 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
$22K
14% of total assets
Liabilities are 14% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$355K
-61% vs prior year
Spent
$380K
To programs
41%
Net assets
$134K
By yearFY2020–FY2022
Revenue
$355K
FY2021▼ -61%
Tap a bar for its year
Revenue by fiscal year
FY2020$908K
FY2021$355K
FY2022$73K
Expenses
$380K
FY2021▼ -57%
Tap a bar for its year
Expenses by fiscal year
FY2020$880K
FY2021$380K
FY2022$207K
Net assets
$134K
FY2021▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$159K
FY2021$134K
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 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

41 cents of each dollar spent went to programs.

Program services 41% · $157K Management & general 59% · $223K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Founding Co-Chair
$0Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
Secretary & Treasurer
$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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3 programs · $153K · in their own filed words · FY2020
01

Midlands regional competitiveness report and competitiveness week - $80,641 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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2321058) · Dispute this line
$81Kprogram expense
02

Midlands Business Leadership Group

$64,609 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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2321058) · Dispute this line
$65Kprogram expense
03

Tedxuofsc

$8,128 review summary:in the spirit of ted's mission, "ideas worth spreading," the tedx program helps communities, organizations and individuals produce ted-style events at the local level.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-2321058) · Dispute this line
$8Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$355K
Ln 12
Gifts and grantsLn 1h$355K
Investment incomeLn 3$1
Money outPt IX
$380K
Ln 25
Programscol B$157K
Managementcol C$223K
Owns and owesPt X
$134K
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$156K
LiabilitiesLn 26$22K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$355K
Government grantsLn 1e$134K
Investment incomeLn 3$1
Total revenueLn 12$355K
Assets in detailPt X, end of year
CashLn 1$111K
Cash and savings togetherLn 1–2$111K
Accounts receivableLn 4$44K
Total assetsLn 16$156K
LiabilitiesLn 26$22K
Net assetsLn 32$134K
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 FY21End FY21
Cash and savingsLn 1–2$165K$111K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$190K$156K
LiabilitiesLn 26$31K$22K
Net assetsLn 32$159K$134K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$242K$104K$138K
Accounting feesLn 11c$21K$21K
Advertising and promotionLn 12$20$20
Office expensesLn 13$20K$16K$3K
Information technologyLn 14$6K$6K
TravelLn 17$1K$649$654
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$88K$36K$51K
All other expensesLn 24e$498$50$448
Total functional expensesLn 25$380K$157K$223K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Jan 27, 2023 $73K$207K−$134K$0 990 PDF
FY2021 ViewingFiled with the IRS Jan 13, 2022 $355K$380K−$25K$134K 990 PDF
FY2020Filed with the IRS Feb 3, 2021 $908K$880K$28K$159K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $354,837 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $906,615$354,836
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,677$1
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $908,292$354,837
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 $880,079$380,039
I-18 Total expensesPrior year $880,079$380,039
I-19 Revenue less expensesPrior year $28,213−$25,202
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $354,837 across 5 lines filed
VIII-1e Government grants$134,000
VIII-1f All other contributions, gifts and grants$220,836
VIII-1h Total contributions, gifts and grants$354,836
VIII-3 Investment incomeRelated to mission $1$1
VIII-12 Total revenueRelated to mission $1 · Unrelated business $0 · Excluded from tax $0$354,837
Part IX · Statement of functional expenses $380,039 across 9 lines filed
IX-11a Management feesPrograms $104,000 · Management $137,600$241,600
IX-11c Accounting feesManagement $20,760$20,760
IX-12 Advertising and promotionPrograms $20$20
IX-13 Office expensesPrograms $16,242 · Management $3,487$19,729
IX-14 Information technologyManagement $6,300$6,300
IX-17 TravelPrograms $649 · Management $654$1,303
IX-23 InsuranceManagement $2,035$2,035
IX-24 Other expenses (24a–d)Programs $36,307 · Management $51,487$87,794
IX-24e All other expensesPrograms $50 · Management $448$498
IX-25 Total functional expensesPrograms $157,268 · Management $222,771 · Fundraising $0$380,039
Part X · Balance sheet $155,803 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $164,974$111,340
X-4 Accounts receivableStart of year $25,144$44,463
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $190,118$155,803
X-17 Accounts payable and accrued expensesStart of year $30,675$21,562
X-26 Total liabilitiesStart of year $30,675$21,562
X-27 Net assets without donor restrictionsStart of year $159,443$134,241
X-32 Total net assets or fund balancesStart of year $159,443$134,241
X-33 Total liabilities and net assetsStart of year $190,118$155,803
Part XI · Reconciliation of net assets $134,241 net assets at year end
XI-1 Total revenue$354,837
XI-2 Total expenses$380,039
XI-3 Revenue less expenses−$25,202
XI-4 Net assets at start of year$159,443
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$134,241

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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