South Carolina > Secretary Of State > Non-Profit Corporation
Annual Financial Report For Charitable Organizations - South Carolina
| Annual Financial Report For Charitable Organizations Form. This is a South Carolina form and can be used in Non-Profit Corporation Secretary Of State . |
|
||||||
 Get this form for FREE as a print-only pdf |
|||||||
|
State of South Carolina Office of the Secretary of State, Mark Hammond Public Charities Division Mailing Address: P. O. Box 11350 Columbia, SC 29211 Phone: (803) 734-1790 Overnight Address: 1205 Pendleton St., Ste 525 Columbia, SC 29201 Fax: (803) 734-1604 INSTRUCTIONS FOR THE ANNUAL FINANCIAL REPORT FORM This form is due to our Office on the 15th day of the 5th month after the end of your fiscal year. (Organizations may submit an IRS Form 990 or 990-EZ to this Office instead.) To complete this form, first fill out the General Information section of the form. Next, complete all schedules relevant to your organization. Start with Schedule 5, and finish with the Financial Summary. Note that Schedule 1 and Activity Statements are required of all organizations. When completed, the form should be signed and dated by the Chief Executive Officer and Chief Financial Officer of the organization. There is no fee for filing this form. You may mail, overnight or fax the form to us. General Information · · · Employer's Identification Number (EIN) Identification number assigned to a nonprofit by the Internal Revenue Service. "Fiscal Year Beginning" and "Fiscal Year Ending" Organizations establish the dates of their fiscal year. If an organization wishes to change its fiscal year, it should contact our Office. Charity Registration Number - Number assigned to your organization by the Public Charities Division. Schedule 5: Special Events and Fundraising Sales Use this schedule for special events like bingo games, golf tournaments, dinners, auctions and for sales of products like candy, fruit, t-shirts and concessions. Schedule 4: Contracts with Commercial Co-Venturers (CCV) Commercial Co-Venture (CCV) - any agreement between a business and a charity in which the business advertises that the sale of its goods or services will benefit a charitable organization and the price of the good or service does not exceed that normally charged. An example of a CCV -- a restaurant might advertise that for every hamburger sold, it will donate 25 cents to a particular charity. The charity should report on Schedule 1, Line 3 only its income from the event. Schedule 3: Contracts with Professional Fundraising Counsels (PFRC) Professional Fundraising Counsels (PFRC) - any individual or business which contracts with a charitable organization to plan, manage or prepare material for a fundraising campaign which the charitable organization will conduct. A Professional Fundraising Counsel, however, does NOT solicit funds. A PFRC might prepare grant proposals or plan a mailing for charitable organizations. Schedule 2: Contracts with Professional Fundraising Solicitors (PFRS) Professional Fundraising Solicitor (PFRS) - an individual or business which contracts with a charitable organization to solicit contributions for it. For example, a PFRS might call citizens or go door-to-door to ask for contributions. Bingo operators are considered professional solicitors under state law but not federal law. Information on bingo promoters should be entered on Schedule 5, Special Events and not Schedule 2. Thus, a charity which has hired a professional solicitor to conduct a special event would complete the Annual Financial Report Form in the same way as IRS Form 990 or 990-EZ. Schedule 1: Contributions Line 3 Line 5 Line 10 . Line 12 "Commercial Co-Venture" See definition under Schedule 4 above. "Special Events and Fundraising Sales" See definition under Schedule 5 above. "Other" In this section, you may list other kinds of solicitation and the proceeds from them Federated Fundraising Agencies - a group of independent charitable organizations which have voluntarily joined together to raise and distribute contributions (i.e. United Way). American LegalNet, Inc. www.USCourtForms.com Activity Statements Required of all Organizations Financial Summary Line 1 "Direct Public Support" donations received from direct mail, telephone solicitations, commercial coventures, door-to-door solicitations, special events, telethons, and sales of goods and services to raise money for charitable purposes. Donations to be entered on this line may be cash, securities, or property of marketable value. It does NOT include donated services or use of facilities. It includes membership dues if there is NO qualification for membership, i.e. Friends of the Library. "Indirect Public Support" - monies received from other charitable organizations, affiliates and federated fundraising agencies (for example, United Way). "Government Grants" - monies received from, and by application to, federal, state, or local governments. "Program Service Revenue" - monies your organization receives for providing services it was created to offer and for which it may have received tax exempt status. (Examples include admission fees to performances and registration fees for conferences. Include membership dues if there is a qualification for membership.) "Other Revenue" - monies from other sources, such as interest or dividends earned. It also includes local government allocations to volunteer fire departments. "Program Services" - monies which your organization spent directly on goods and services for its charitable programs and purposes. This does NOT include fundraising or administrative expenses, or combined fundraising/public information expenses. "Fundraising" costs of soliciting donations. Include expenses in telemarketing, mailing, advertising, applying for grants, and fees of professional solicitors or counsels, except if they are involved solely with special events such as a bingo game. In those cases, use only Schedule 5, Special Events. "Management and General" - administrative costs for running the organization. Examples of such costs are accounting fees, bank charges, costs of board meetings and board insurance, post office box rent, office supplies, some or all of the salary of the executive director and his/her administrative assistants. "Fund Balances or Net Worth at the beginning of the year" all of your organization's assets minus any liabilities at the beginning of the fiscal year. Such assets would include cash, certificates of deposits, stock, real estate, major equipment (like vehicles), etc. This figure should match the ending balance of your previous report, if any, filed with this Office. "Fund Balances or Net Worth at the end of the year" all of your organization's assets minus any liabilities at the end of the fiscal year. Such assets
|
|||||||
