2024-05-14T10:01:51-05:00 2023-12-31 990 2023-01-01 273883624 CLARENDON FACILITIES CORPORATION CLAR 8034358424 411 SUNSET DR MANNING SC 29102 AUGUST J CUTTER BOARDCHAIR 8034358424 2024-05-09 AUGUST CUTTER 999009999 0 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z AUGUST J CUTTER 411 SUNSET DR MANNING SC 29102 2149852 0 X N/A X 2010 SC ORGANIZATION ESTABLISHED TO AQUIRE, CONSTRUCT, IMPROVE AND LEASE FACILITIES TO BE USED BY CLARENDON COUNTY, SC (A POLITICAL SUB-DIVISION OF THE STATE OF SOUTH CAROLINA). 5 5 0 0 0 0 0 0 746234 1486777 0 663075 0 0 746234 2149852 0 0 0 0 0 0 0 0 0 746234 1486777 746234 1486777 0 663075 25295000 25228075 25295000 24565000 0 663075 ORGANIZATION ESTABLISHED TO ACQUIRE, CONSTRUCT, IMPROVE AND LEASE FACILITIES TO LESSEN THE BURDEN OF CLARENDON COUNTY, SC (A POLITICAL SUB-DIVISION OF THE STATE OF SOUTH CAROLINA), WHICH MAY ALSO INCLUDE THE ISSUANCE OF DEBT. 0 0 491490 491490 ORGANIZATION LEASED COUNTY ADMINISTRATION COMPLEX TO CLARENDON COUNTY, SC IN AN AMMOUNT EQUAL TO THE ANNUAL DEBT SERVICE REQUIREMENTS ON ASSOCIATED DEBT/BOND ISSUANCE. THE INSTALLMENT PURCHASE AGREEMENT BETWEEN THE ORGANIZATION AND CLARENDON COUNTY REQUIRES THAT THE COUNTY PAY TO THE ORGANIZATION AN ANNUAL INSTALLMENT PAYMENT EQUAL TO THE DEBT SERVICES REQUIREMENTS ASSOCIATED WITH ISSUED DEBT. A TRANSFER OF INTEREST/OWNERSHIP EQUAL TO SAID ANNNUAL PRINCIPAL PORTION OF THE PAYMENT IN THE FACILITY IS GIVEN FROM THE ORGANIZATION TO CLARENDON COUNTY. WHEN THE BONDS ARE PAID OFF, CLARENDON COUNTY WILL HAVE 100% OWNERSHIP IN SAID FACILITY. 258269 258269 ORGANIZATION LEASED COUNTY COURTHOUSE FACILITY TO CLARENDON COUNTY, SC IN AN AMOUNT EQUAL TO THE ANNUAL DEBT SERVICE REQUIREMENTS ON ASSOCIATED DEBT/BOND ISSUANCE. THE INSTALLMENT PURCHASE AGREEMENT BETWEEN THE ORGANIZATION AND CLARENDON COUNTY REQUIRES THAT THE COUNTY PAY TO THE ORGANIZATION AN ANNUAL INSTALLMENT PAYMENT EQUAL TO THE DEBT SERVICES REQUIREMENTS ASSOCIATED WITH ISSUED DEBT. A TRANSFER OF INTEREST/OWNERSHIP EQUAL TO SAID ANNNUAL PRINCIPAL PORTION OF THE PAYMENT IN THE FACILITY IS GIVEN FROM THE ORGANIZATION TO CLARENDON COUNTY. WHEN THE BONDS ARE PAID OFF, CLARENDON COUNTY WILL HAVE 100% OWNERSHIP IN SAID FACILITY. 737018 737018 ORGANIZATION LEASED VARIOUS FACILITIES TO CLARENDON COUNTY, SC IN AN AMOUNT EQUAL TO THE ANNUAL DEBT SERVICE REQUIREMENTS ON ASSOCIATED DEBT/BOND ISSUANCE. THE INSTALLMENT PURCHASE AGREEMENT BETWEEN THE ORGANIZATION AND CLARENDON COUNTY REQUIRES THAT THE COUNTY PAY TO THE ORGANIZATION AN ANNUAL INSTALLMENT PAYMENT EQUAL TO THE DEBT SERVICES REQUIREMENTS ASSOCIATED WITH ISSUED DEBT. A TRANSFER OF INTEREST/OWNERSHIP EQUAL TO SAID ANNNUAL PRINCIPAL PORTION OF THE PAYMENT IN THE FACILITY IS GIVEN FROM THE ORGANIZATION TO CLARENDON COUNTY. WHEN THE BONDS ARE PAID OFF, CLARENDON COUNTY WILL HAVE 100% OWNERSHIP IN SAID FACILITY. 1486777 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 X LYNDEN ANTHONY 8034358424 411 SUNSET DRIVE MANNING SC 29102 X AUGUST J CUTTER BOARDCHAIR 0.10 X X 0 0 0 MICHAEL L KING VICE-CHAIR/SECRETARY/TREAS 0.10 X X 0 0 0 BOBBY PIERCE BOARDMEMBER 0.10 X 0 0 0 BLAKE GIBBONS BOARDMEMBER 0.10 X 0 0 0 LINZY WASHINGTON BOARDMEMBER 0.10 X 0 0 0 0 0 0 0 0 0 0 0 LEASE-VARIOUS FACILITI 531120 737018 737018 LEASE-COUNTY ADMINISTR 531120 491490 491490 LEASE-COUNTY COURTHOUS 531120 258269 258269 1486777 663075 663075 2149852 2149852 0 0 756777 756777 PRINCIPAL DEBT REDUCTIO 730000 730000 1486777 1486777 0 0 14669255 14880928 14517147 4170000 10625745 10347147 25295000 25228075 25295000 24565000 25295000 24565000 X 0 0 0 0 0 663075 0 663075 25295000 25228075 663075 0 X 0 0 0 352402 352402 14164745 4170000 9994745 10347147 A CLARENDON FACILITIES CORPORATION 273883624 180374AL4 2010-12-15 6417118 1 1 0 B CLARENDON FACILITIES CORPORATION 273883624 180374BE9 2015-07-30 5609449 0 1 0 C CLARENDON FACILITIES CORPORATION 273883624 180374CD0 2020-08-06 7475821 0 1 0 D CLARENDON FACILITIES CORPORATION 273883624 180374CE8 2022-12-14 15650068 0 1 0 A 6500000 5934113 367500 115505 5934113 2012 0 0 1 1 B 2490000 5609449 353250 1 0 1 1 C 440000 7475821 396984 53062 1 0 1 1 D 240000 15650068 837115 143698 14247853 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S IRS FORM 990 AND ALL RELATED SCHEDULES ARE REVIEWED BY BOARD CHAIRMAN BEFORE SIGNING. A COPY OF IRS FORM 990 AND ALL RELATED SCHEDULES ARE MAINTAINED WITHIN THE CORPORATE BOOKS AND AVAILABLE UPON REQUEST. FORM 990 PART IV LINE 12B: ORGANIZATION IS INCLUDED AS "COMPONENT UNIT" IN CLARENDON COUNTY, SC (A POLITICAL SUB-DIVISION OF THE STATE OF SOUTH CAROLINA)EXTERNALLY PREPARED AUDIT REPORT. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION'S GOVERNING DOCUMENTS, MEETING MINUTES, CONFLICT OF INTEREST STATEMENT/POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST. FORM 990 PART X LINE 16: PURSUANT TO INSTALLMENT PURCHASE AGREEMENT(S) BETWEEN THE ORGANIZATION AND CLARENDON COUNTY, SC (A POLITICAL SUB-DIVISION OF THE STATE OF SOUTH CAROLINA) REQUIRES A TRANSFER OF OWNERSHIP INTEREST ANNUALLY IN AN AMOUNT EQUAL TO THE ORGANIZATION'S PRINCIPAL DEBT REDUCTIONS. WHEN ALL ISSUED BONDS HAVE BEEN PAID/RETIRED/DEFEASED BY THE ORGANIZATION, 100% OWNERSHIP INTEREST WILL HAVE BEEN TRANSFERRED TO CLARENDON COUNTY, SC. AS A RESULT, TOTAL ASSETS WILL DECLINE AT THE SAME RATE AS TOTAL LIABILITIES ONCE PROJECT FUND ACCOUNT HAS BEEN FULLY UTILIZED (2022 CAPITAL PROJECTS BOND ISSUANCE). FORM 990 PART X1 LINE 9: PURSUANT TO INSTALLMENT PURCHASE AGREEMENT(S) BETWEEN THE ORGANIZATION AND CLARENDON COUNTY, SC (A POLITICAL SUB-DIVISION OF THE STATE OF SOUTH CAROLINA) REQUIRES A TRANSFER OF OWNERSHIP INTEREST ANNUALLY IN AN AMOUNT EQUAL TO THE ORGANIZATION'S PRINCIPAL DEBT REDUCTION. [SEE ALSO RESPONSE ABOVE FORM 990 PART X LINE 16]