South Carolina Tax Council Inc in Lancaster, South Carolina (SC)

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South Carolina Tax Council Inc
Employer Identification Number (EIN)581329877
Name of OrganizationSouth Carolina Tax Council Inc
AddressPO BOX 887, Lancaster, SC 29721-0887
ActivitiesOther business or professional group
SubsectionCharitable Organization, Educational Organization
Ruling Date10/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$83,045
Amount of Income$60,606
Form 990 Revenue Amount$60,606
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2014: $60,606 (it was $69,896 in 2013)
This organization: 

 $60,606
Other organizations performing similar types of work: 

 $159,989

Assets in 2014: $83,045 (it was $101,010 in 2013)
This organization: 

 $83,045
Other organizations performing similar types of work: 

 $232,109

Expenses in 2014: $68,012
South Carolina Tax Council Inc: 

 $68,012
Other organizations performing similar types of work: 

 $84,860

Income to expenses ratio in 2014: 0.9
South Carolina Tax Council Inc: 

 0.9
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2014: 2.0%
This organization: 

 2.0%
Other organizations performing similar types of work: 

 35.4%

Financial snapshot ($)

0
30,000
60,000
90,000
120,000
150,000
2007
2009
2010
2011
2012
2013
2014
Revenue
Assets
Expenses

Revenue for 2014

Program service revenue (71%)
Other (7%)
Membership dues and assessments (22%)

Support schedule

Receipts from admissions, merchandise etc. (72%)
Other (3%)
Gifts, grants and membership fees received (24%)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$66,910$69,896$60,606
Contributions, gifts, grants, and similar amounts received$3,417$2,145$1,210
Program service revenue including government fees and contracts$45,035$49,887$43,091
Membership dues and assessments$13,730$14,785$13,270
Investment income$2,207$1,539$1,630
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$2,521$1,540$1,405
Total expenses$67,163$71,559$68,012
Total net assets$68,567$71,977$73,797
Excess/Deficit for the year$-253$-1,663$-7,406
Net assets or fund balances at beginning of year$69,605$68,567$71,977
Other changes in net assets or fund balances$-785$5,073$9,226
Net assets or fund balances at end of year$71,977$73,797
Balance Sheets
201220132014
Total assets$83,441$101,010$83,045
Total liabilities$14,874$29,033$9,248
Net assets or fund balances$68,567$71,977$73,797
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$314,229
Subtotal$314,229
Gifts, grants, contributions, and membership fees received$79,007
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$235,222
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$324,763
Public support$314,229
Subtotal$10,534
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$10,534
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
Id ↑NameAddressStateEstablishedTotal Income
1Uvmc Foundation3130 N County Road 25a, Troy, OH 45373-1337OH1998-05$3,212,155
2Richard A Odom Family Foundation, Arizona Community Foundation2201 E Camelback 405b, Phoenix, AZ 85016-3431AZ1998-01$2,034,934
3Royal E Rostenbach Foundation, Rostenbach Royal & Margaret B TteesPO BOX 803878, Chicago, IL 60680-3878IL1996-12$1,819,455
4S O C K Outstanding Students S O S Academy Inc6974 Wilson Blvd, Jacksonville, FL 32210-3663FL1998-10$1,279,682
5Reflections Ministries Inc3565 Piedmont Rd Ne Bldg 1-130, Atlanta, GA 30305-8204GA1998-10$1,257,394
6Theodore H Cutler Fam Tr, Cutler Theodore H And Joan Ttee300 First Avenue Room 300, Needham, MA 02494-2736MA1995-07$1,051,593
7Suzuki Music School Of Westport Inc212 Post Rd W, Westport, CT 06880-4604CT1998-09$986,354
8Joan & Verlin Jackson Foundation405 W Williams St, Atkinson, IL 61235-9789IL1998-06$945,722
9Samaritan Counseling Services Of The Gulf Coast Inc3224 Bee Ridge Rd, Sarasota, FL 34239-7201FL1997-10$805,398
10William And Sedelle Z Belson Tua 356-1106401 W 4th St 4th Fl, Winston Salem, NC 27101-3818NC1996-10$561,354
11Will Smith Foundation1880 Century Park E Ste 1600, Los Angeles, CA 90067-1661CA1997-03$560,000
12Sarnoff Levin Family Supporting Foundation30 South Wells Street No 4049, Chicago, IL 60606-5054IL1997-08$555,832
13Stager Charitable Tr Fbo ZionPO BOX 3215, Lancaster, PA 17604-3215PA1997-12$482,573
14Bain Foundation424 E Kennedy St, Spartanburg, SC 29302-1916SC1997-12$416,161
15Rushing Family Foundation Inc2737 82nd St, Lubbock, TX 79423-1429TX1995-08$413,740
16Smith County Community Child Care Center Inc245 Jmz Dr, Gordonsville, TN 38563-2108TN1997-08$393,645
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19South Carolina Tax Council IncPO BOX 887, Lancaster, SC 29721-0887SC1998-10$60,606
20Allen University Foundation1530 Harden St, Columbia, SC 29204-1057SC1997-09$0
Number of organizations performing similar types of work
Alabama6
Arizona4
California10
Colorado4
Connecticut5
District of Columbia6
Delaware1
Florida30
Georgia14
Iowa1
Illinois12
Indiana4
Kansas1
Kentucky2
Louisiana9
Massachusetts13
Maryland20
Michigan5
Minnesota2
Mississippi2
North Carolina14
New Hampshire2
New Jersey13
New York27
Ohio8
Oklahoma1
Pennsylvania15
Rhode Island3
South Carolina4
Tennessee7
Texas10
Utah1
Virginia14
Vermont1
Wisconsin2
Wyoming1
International1
Total275

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