SOUTH CAROLINA REVENUE AND FISCAL AFFAIRS OFFICE
S
TATEMENT OF ESTIMATED FISCAL IMPACT
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This fiscal impact statement is produced in compliance with the South Carolina Code of Laws and House and Senate rules. The focus of
the analysis is on governmental expenditure and revenue impacts and may not provide a comprehensive summary of the legislation.
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S. 0203
Fiscal Impact Summary
This bill allows nonprofit corporations and charitable organizations in their articles of
incorporation, amendment, or registration the option to report demographic data on the executive
director, chief operating officer, president, and founder of the organization to the Secretary of
State’s Office (SOS). This information includes the age, education, ethnicity, gender, race,
salary, sex, disability status, service in a branch of the US Armed Forces, first language, and
number of years in leadership.
SOS indicates that collecting this additional information for entities that choose to report would
increase expenses by requiring updates to online business and charity filing systems to include
this information and ensure that the information is securely stored. The estimated cost for system
upgrades is $100,000 per system for the two reporting systems, $25,000 for server storage, and
$15,000 for data encryption, for a total cost of $240,000. Therefore, SOS will request an
additional $240,000 in Other Funds authorization beginning in FY 2025-26 for these additional
expenses.
Explanation of Fiscal Impact
Introduced on January 15, 2025
State Expenditure
This bill allows nonprofit corporations and charitable organizations in their articles of
incorporation, amendment, or registration the option to report demographic data on the executive
director, chief operating officer, president, and founder of the organization to SOS. This
information includes the age, education, ethnicity, gender, race, salary, sex, disability status,
service in a branch of the US Armed Forces, first language, and number of years in leadership.
SOS indicates that collecting this additional information would increase expenses by requiring
updates to online business and charity filing systems to collect this information. System
enhancements would be required for the data to be collected from online filings or recorded by
SOS staff entering in paper filings. SOS expects the changes necessary for the business filings
system, which includes nonprofit corporations, and the charities filing system will cost
approximately $100,000 for each system. Additionally, SOS anticipates an annual cost of
$25,000 for increased server storage to accommodate the data. SOS also indicated that receiving
Bill Number: S. 0203 Introduced on Januar
y 15, 2025
Subject: Optional Leadership Information for Nonprofit and Entities Soliciting
Charitable Funds
Requestor: Senate Labor, Commerce, and Industry
RFA Analyst(s): Vesely
Impact Date: March 20, 2025
__________________________________
Frank A. Rainwater, Executive Director
DISCLAIMER: THIS FISCAL IMPACT STATEMENT REPRESENTS THE OPINION AND INTERPRETATION OF THE
AGENCY OFFICIAL WHO APPROVED AND SIGNED THIS DOCUMENT. IT IS PROVIDED AS INFORMATION TO
THE GENERAL ASSEMBLY AND IS NOT TO BE CONSIDERED AS AN EXPRESSION OF LEGISLATIVE INTENT.
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S. 0203
and storing this detailed information will require the agency to comply with South Carolina law
regarding personally identifying information and privacy protection. The estimated cost for
encryption of the data is $15,000. Therefore, SOS will request an additional $240,000 in Other
Funds authorization beginning in FY 2025-26 for these additional expenses.
State Revenue
N/A
Local Expenditure
N/A
Local Revenue
N/A