SCAGO EFC FOR COLLETON SCHOOL DISTRICT
213 NORTH JEFFERIES BOULEVARD, WALTERBORO, SC 29488

Total Revenue
$292,458
Total Expenses
$1,601,906
Net Assets
$-1,309,412

Organizations Filed Purposes: THE CORPORATION WAS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, SPECIFICALLY TO ACQUIRE OR LEASE REAL AND/OR PERSONAL PROPERTY AND DEVELOP, FINANCE, REFINANCE, CONSTRUCT, ACQUIRE, INSTALL AND OPERATE CERTAIN EDUCATIONAL FACILITIES TO BE USED BY THE SCHOOL DISTRICT OF COLLETON COUNTY, SOUTH CAROLINA.

THE SCAGO EDUCATIONAL FACILITIES CORPORATION FOR COLLETON SCHOOL DISTRICT (THE "EFC") ISSUED INSTALLMENT REVENUE BONDS ON DECEMBER 28, 2006 TO FINANCE THE COST OF ACQUIRING, CONSTRUCTING, AND RENOVATING EDUCATIONAL FACILITIES TO BE SOLD BY THE EFC TO THE COLLETON SCHOOL DISTRICT. THE 2006 BONDS HAVE BEEN REFUNDED BY THE 2015 BONDS. ON AN ANNUAL BASIS, THE COLLETON SCHOOL DISTRICT WILL ISSUE GENERAL OBLIGATION DEBT AND THE COUNTY WILL LEVY TAXES IN AMOUNTS SUFFICIENT TO PAY THE INSTALLMENTS DUE OF THE EFC INSTALLMENT REVENUE BONDS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
John TindalDIRECTOR 2/18/2020 TO 6/30/20200.5$0
Dr Franklin L FosterDIRECTOR 7/1/19 TO 2/23/20200.5$0
Glenn A Stiegman JrDIRECTOR 7/1/19 TO 10/8/190.5$0
Emily TempleSECRETARY / TREASURER0.5$0
J Brock HeronVICE PRESIDENT0.5$0
John K GardnerPRESIDENT0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202120549349300107_public.xml