SOUTH MAGNOLIA EVENT GROUP

EIN: 852578020 501(c)(3)

SUMMERVILLE, SC

Total Revenue
$679,854
Total Expenses
$38,816
Total Assets
$1,739,706
Net Assets
$1,739,706
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
SC
Principal Officer
JAMES M TUPPER
Phone
8438643615
Tax Period
2022-01-01 to 2022-12-31

SOUTH MAGNOLIA EVENT GROUP, founded in 2020, is a small nonprofit that reported $680K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $641K, a strong 94% operating margin.

Mission

THE MISSION OF SOUTH MAGNOLIA EVENT GROUP IS TO MANAGE, DIRECT AND LEAD THE RENOVATION PROJECT AT THE SUMMERVILLE HIGH SCHOOL STADIUM. THE ORGANIZATION WILL PROVIDE SERVICES THAT WILL HELP INCREASE CAPACITY OF THE STADIUM AS WELL AS IMPROVE THE FACILITIES SURROUND THE STATEMENT.

Program Service Accomplishments

Program 1
Expenses: $34,575

SOUTH MAGNOLIA EVENT GROUP MANAGES, DIRECTS, AND LEADS REVITILIZATION PROJECTS AT STADIUM PARK LOCATED NEXT TO SUMMERVILLE HIGH SCHOOL THAT WILL HELP INCREASE THE CAPACITY OF THE STADIUM AND IMPROVE...

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SOUTH MAGNOLIA EVENT GROUP MANAGES, DIRECTS, AND LEADS REVITILIZATION PROJECTS AT STADIUM PARK LOCATED NEXT TO SUMMERVILLE HIGH SCHOOL THAT WILL HELP INCREASE THE CAPACITY OF THE STADIUM AND IMPROVE THE FACILITIES SURROUNDING THE STADIUM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $679,854
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $679,854

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,575
Other Expenses $38,816
TOTAL EXPENSES $38,816

Year-over-Year Comparison

2022 2021 Change
Revenue $679,854 $756,882 -0.1%
Expenses $38,816 $75,674 -0.5%
Net Income $641,038 $681,208 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD L CROSBY PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMES M TUPPER VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
TERRENCE JENKINS TREASURY 1.00
Officer Director
$0 $0 $0
ANTHONY SOLES SECRETARY 1.00
Officer Director
$0 $0 $0
ASHLEY WIMBERLY DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $679,854 $38,816 $1,739,706 $641,038
2021 $756,882 $75,674 $1,279,568 $681,208
2020 $431,500 $14,040 $417,460 $417,460
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