Passes our checks

Edgefield County Public Facilities Corporation

EIN 92-0589416 · Edgefield, SC

Public records show a registered, tax-exempt organization in good standing.

What it says it does

THE CORPORATION PROVIDES A SOURCE OF FINANCING FOR PROJECTS SELECTED BY THE COUNTY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 30 out of 100. Higher than 3% of charities in its peer group (human services, $1m to $10m).

Reserves
0 of 35
Spendable reserves are negative: it owes or has committed more than it holds.
Living within its means
4 of 15
Spending exceeded income by 5% of income.
Income trend
5 of 15
Income fell 17% on the year before.
Spending floor
15 of 15
100% of spending went to programs.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 68 out of 100. Higher than 19% of charities in its peer group (human services, $1m to $10m).

Independent board
25 of 25
5 of 5 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15
Its accounts were audited by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$2.5 million spent. THE CORPORATION'S PRIMARY ACTIVITY IS THE FINANCING OF THE ACQUISITION, CONSTRUCTION, RENOVATION AND EQUIPPING OF CERTAIN PUBLIC FACILITIES (THE PROJECTS). 100 PERCENT OF THE CORPORATION'S ACTIVITIES ARE ALLOCATED TO SUCH ACTIVITY. THE CORPORATION HAS LEASED REAL PROPERTY FROM THE COUNTY PURSUANT TO A BASE LEASE AND CONVEYANCE AGREEMENT (THE BASE LEASE) AND ISSUED THE $24,690,000 EDGEFIELD COUNTY PUBLIC FACILITIES CORPORATION INSTALLMENT PURCHASE REVENUE BONDS (EDGEFIELD COUNTY PROJECT) SERIES 2022 (THE BONDS) TO FINANCE THE COSTS OF CERTAIN PROJECTS (THE 2022 PROJECTS) AND TO PROVIDE ADDITIONAL FUNDING TO THE COUNTY. THE 2022 PROJECTS WILL BE SOLD TO THE COUNTY UNDER THE TERMS OF AN INSTALLMENT PURCHASE AND USE AGREEMENT EXECUTED CONTEMPORANEOUSLY WITH THE BASE LEASE.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.