Bc Corp EIN 82-3193937 Form 990 (PDF) Claim this org

Bc Corp FY2020 filing

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Develops talent programs like internships and fellowships to boost innovative companies. For fiscal year 2020 it reported $613K in revenue, $501K in expenses, and $103K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Greenville, SC
Website
buildcarolina.org
Filings
5 on file (2020–2020)
Revenue
$613KFY2020
Expenses
$501K
Net assets
$103K
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-3193937 Public charity (501(c)(3)) Greenville, SC
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops talent programs like internships and fellowships to boost innovative companies.
Leadership
Lelia King · Executive Dir. · $96K
Money in and out
$613K revenue, $501K expenses
Bottom line
75% program efficiency
Where the money goes · FY2020
Total revenue
$613K
Pt VIII · Ln 12
Total expenses
$501K
Pt IX · Ln 25
Net assets
$103K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $112K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$613K
FY2020
Expenses
$501K
FY2020
Total assets
$214K
FY2020
Total liabilities
$111K
FY2020
Total revenue
$613K
Pt VIII · Ln 12
Total expenses
$501K
Pt IX · Ln 25
Net assets
$103K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$214K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $378K of program spending, described in the organization's own filed words · FY2020.
01

Build Carolina is a nonprofit organization dedicated to building talent initiatives to support innovative companies across the Carolinas.

$378Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBc Corp
EINHdr · item D82-3193937
Principal addressHdr · item CGreenville, SC
WebsiteHdr · item Jbuildcarolina.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B28)
Ruling yearIRS BMFOct 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$96,000Pt VII · Sec A

Lelia King’s $93K as Executive Dir. is at the 80th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2022FY2021FY2020
Lelia King$92,657$105,000$102,813$96,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$439K · 72%
Program service revenue$173K · 28%
Contributions & grants72%$439K
Program service revenue28%$173K
— government grantsLn 1e$430K
Total revenueLn 12$613K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$378K
Management & general25%$123K
Total functional expensesLn 25$501K

Balance Sheet

Part X · end of year
CashLn 1$212K
Total assetsLn 16$214K
Total liabilitiesLn 26$111K
Total net assetsLn 32$103K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $212K · Operating expenses/yr $501K
5.1 months
Where the money goes
Program services
Program services $378K · Total expenses $501K
75%
Management & General
Management & general $123K · Total expenses $501K
25%
Fundraising
Fundraising $0 · Total expenses $501K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $439K · Total revenue $613K
72%
Government reliance
Government grants $430K · Total revenue $613K
70%
Earned-income share
Program service revenue $173K · Total revenue $613K
28%
Investment reliance
Investment income $0 · Total revenue $613K
0%
Program self-sufficiency
Program service revenue $173K · Total expenses $501K
35%
Growth & trend
Revenue growth (YoY)
This year $613K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $103K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $613K · Expenses $501K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $214K
Net-asset ratio
Net assets $103K · Total assets $214K
48%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $214K
0%
People & payroll
Highest Reported Total Compensation
Individual Lelia King · Reported title Executive Dir. · Highest reported compensation $96K · Total expenses $501K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $336K · Total expenses $501K
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$9K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$741K revenue · ⤓ 990 PDF
FY2023$889K revenue · ⤓ 990 PDF
FY2022$744K revenue · ⤓ 990 PDF
FY2021$690K revenue · ⤓ 990 PDF
FY2020$613K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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