Tcm Enterprises LLC FY2020 filing

Greenville, SCUnknown exempt organizationEIN 37-1567346Revenue $819K in FY2020

On file with the IRStcmupstate.org300 College Street · Greenville, SC

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Tcm Enterprises, LLC is a sole member LLC and wholly owned affiliate of the children's museum of the upstate.

100¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $465K a year · 55% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$24.9M
166% of total assets
Concern: liabilities are 166% of assets; over 80%.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$819K
Spent
$348K
To programs
100%
Net assets
−$9.9M
By yearFY2020–FY2024
Revenue
$819K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$819K
FY2021$820K
FY2022$930K
FY2023$820K
FY2024$820K
Expenses
$348K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$348K
FY2021$348K
FY2022$378K
FY2023$407K
FY2024$403K
Net assets
−$9.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$9.9M
FY2021−$9.4M
FY2022−$9.0M
FY2023−$8.5M
FY2024−$8.1M

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $348K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
Chair-Elect
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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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 15aNo

Programs and updates

Operates a children's museum to foster learning and play.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Receipt of lease payments for land, building, exhibits and equipment used by the children's museum of the upstate for operation of the museum.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$819K
Ln 12
Fees for servicesLn 2g$819K
Money outPt IX
$348K
Ln 25
Programscol B$348K
Owns and owesPt X
−$9.9M
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$15.0M
LiabilitiesLn 26$24.9M
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$819K
Total revenueLn 12$819K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$10.8M
Other assetsLn 15$4.2M
Total assetsLn 16$15.0M
LiabilitiesLn 26$24.9M
Net assetsLn 32−$9.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$2K$2K
Land, buildings, equipmentLn 10c$11.1M$10.8M
Total assetsLn 16$14.5M$15.0M
LiabilitiesLn 26$24.9M$24.9M
Net assetsLn 32−$10.3M−$9.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$263$263$0$0
Depreciation, depletion and amortizationLn 22$348K$348K$0$0
Total functional expensesLn 25$348K$348K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $820K$403K$417K−$8.1M 990 PDF
FY2023 $820K$407K$413K−$8.5M 990 PDF
FY2022 $930K$378K$552K−$9.0M 990 PDF
FY2021 $820K$348K$472K−$9.4M 990 PDF
FY2020 Viewing $819K$348K$470K−$9.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $818,643 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $820,000$818,643
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $820,000$818,643
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $352,409$348,311
I-18 Total expensesPrior year $352,409$348,311
I-19 Revenue less expensesPrior year $467,591$470,332
Part VI · Governance 21 of 21 board members independent, 2 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $818,643 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$818,643
VIII-12 Total revenueRelated to mission $818,643 · Unrelated business $0 · Excluded from tax $0$818,643
Part IX · Statement of functional expenses $348,311 across 2 lines filed
IX-11b Legal feesPrograms $263 · Management $0 · Fundraising $0$263
IX-22 Depreciation, depletion and amortizationPrograms $348,048 · Management $0 · Fundraising $0$348,048
IX-25 Total functional expensesPrograms $348,311 · Management $0 · Fundraising $0$348,311
Part X · Balance sheet $15,011,941 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,699$1,535
X-10c Land, buildings and equipment, netStart of year $11,137,153$10,789,106
X-15 Other assetsStart of year $3,402,657$4,221,300
X-16 Total assetsStart of year $14,541,509$15,011,941
X-25 Other liabilitiesStart of year $24,884,354$24,884,454
X-26 Total liabilitiesStart of year $24,884,354$24,884,454
X-27 Net assets without donor restrictionsStart of year −$10,342,845−$9,872,513
X-32 Total net assets or fund balancesStart of year −$10,342,845−$9,872,513
X-33 Total liabilities and net assetsStart of year $14,541,509$15,011,941
Part XI · Reconciliation of net assets −$9,872,513 net assets at year end
XI-1 Total revenue$818,643
XI-2 Total expenses$348,311
XI-3 Revenue less expenses$470,332
XI-4 Net assets at start of year−$10,342,845
XI-10 Net assets at end of year−$9,872,513

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

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