Civic Intelligence

Palmetto Works Community Development Corporation

990EZ • Fiscal year 2022 • EIN 26-4805210

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

505 Church StreetConway, SC 29526

(843) 333-1911

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.35x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

14th percentile

-34%

Higher net margin than 14% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

5th percentile

-74%

Faster asset growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-16%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$8,131

Down $22,726 (-74%) from 2021

Net Assets

Down

$5,324

Down $25,533 (-83%) from 2021

Liabilities

$2,807

No earlier filing loaded for comparison.

Revenue

Down

$76,074

Down $14,147 (-16%) from 2021

Expenses

Up

$101,607

Up $30,077 (+42%) from 2021

Net Income

Down

-$25,533

Down $44,224 (-237%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40K$30K$20K$10K$0Assets 2020: $13,967Liabilities 2020: $1,801Net Assets 2020: $12,1662020Assets 2021: $30,857Net Assets 2021: $30,8572021Assets 2022: $8,131Liabilities 2022: $2,807Net Assets 2022: $5,3242022Assets 2023: $25,999Liabilities 2023: $1,401Net Assets 2023: $24,5982023

Highlighted filing

2022

Assets$8,131
Liabilities$2,807
Net Assets$5,324

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2020: $58,559Expenses 2020: $51,207Net Income 2020: $7,3522020Revenue 2021: $90,221Expenses 2021: $71,530Net Income 2021: $18,6912021Revenue 2022: $76,074Expenses 2022: $101,607Net Income 2022: -$25,5332022Revenue 2023: $89,252Expenses 2023: $69,978Net Income 2023: $19,2742023

Highlighted filing

2022

Revenue$76,074
Expenses$101,607
Net Income-$25,533
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$80,244
Mission and Program Overview

Mission

To provide economic development for individuals and families in our community

Program Services

DescriptionGrantsExpenses
SUMMER CAMP AND AFTER SCHOOL ACTIVITIES FOR CHILDREN, WITH PARENTAL VOLUNTEERS, TO HELP MAINTAIN ACADEMIC GAINS IN A SAFE ENVIRONMENT FOR THE OVERALL BENEFIT TO THEIR FAMILIES. IT INCLUDED MEALS, READING PROGRAMS,FIELD TRIPS, AND MUSIC LESSONS. ALSO PROVIDING FOOD & NUTRITIONAL INFORMATION TO COMBAT HIGH RISK HEALTH ISSUES.-$90,789
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHERYL ADAMSONExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Palmetto Works Community Development
EIN
26-4805210
Phone
8433331911
Address
505 CHURCH STREET, CONWAY, SC 29526

Signing Officer

Name
Cheryl Adamson
Title
Board Chair
Signed
2023-11-15
Discuss with paid preparer
Yes

Preparer

Firm
COOPER and JASKOT CPAS LLC
Address
4305 MAYFAIR ST, MYRTLE BEACH, SC 29577
Preparer
Arlene Jaskot
Phone
8434974877
Supplemental Narrative

Additional Explanations

Other Revenue.1

Rental of unused space $5100

Other Expenses.1001

Advertising and Promotion $3679

Other Expenses.1002

Office Expenses $787

Other Expenses.1009

Depreciation $1991

Other Expenses.1012

Insurance $4536

Other Expenses.1

CONTRACT LABOR $17182

Other Expenses.2

SUPPLIES $6020

Other Expenses.3

FUNDRAISING $3200

Other Expenses.4

Travel, entertainment and meal $3067

Other Expenses.5

EQUIPMENT RENT $2607

Other Expenses.6

Repairs and maintenance $2355

Other Expenses.7

BANK CHARGES $1498

Other Expenses.8

PROGRAM EXPENSE $1068

Other Expenses.9

GIFTS $450

Other Expenses.10

CONSULTANT $420

Other Expenses.11

MEMBERSHIPS $244

Other Expenses.12

Program expense summer camp $225

Other Expenses.13

Other program expenses $177

Other Expenses.14

Other operating expense $163

Other Expenses.15

Program expense training $150

Other Expenses.16

PROCESSING FEES $55

Other Expenses.17

BOOKS $27

Other Expenses.18

Postage and express fees $3

Total Liabilities.1

PAYROLL TAXES PAYABLE - Beginning $0 PAYROLL TAXES PAYABLE - Ending $2807

Raw XML Appendix190 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0CHERYL ADAMSON
IRS990EZ/BooksInCareOfDetail/PhoneNum08433331911
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01931 FULMER STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CONWAY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd029526
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt030857
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IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt073641
IRS990EZ/CostOfGoodsSoldAmt04170
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-25533
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt030857
IRS990EZ/Form990TotalAssetsGrp/EOYAmt08131
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt0-2667
IRS990EZ/GrossReceiptsAmt080244
IRS990EZ/GrossSalesOfInventoryAmt01503
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt030857
IRS990EZ/NetAssetsOrFundBalancesEOYAmt05324
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt030857
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt05324
IRS990EZ/OccupancyRentUtltsAndMaintAmt017332
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt025.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHERYL ADAMSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Dir.
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt049904
IRS990EZ/OtherRevenueTotalAmt05100
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE ECONOMIC DEVELOPMENT FOR INDIVIDUALS AND FAMILIES IN OUR COMMUNITY
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SUMMER CAMP AND AFTER SCHOOL ACTIVITIES FOR CHILDREN, WITH PARENTAL VOLUNTEERS, TO HELP MAINTAIN ACADEMIC GAINS IN A SAFE ENVIRONMENT FOR THE OVERALL BENEFIT TO THEIR FAMILIES. IT INCLUDED MEALS, READING PROGRAMS,FIELD TRIPS, AND MUSIC LESSONS. ALSO PROVIDING FOOD & NUTRITIONAL INFORMATION TO COMBAT HIGH RISK HEALTH ISSUES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt090789
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IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0SC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02807
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0101607
IRS990EZ/TotalProgramServiceExpensesAmt090789
IRS990EZ/TotalRevenueAmt076074
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt079515
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt084228
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt058559
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt050331
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt049622
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0322255
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt079515
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt084228
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt058559
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt050331
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt049622
IRS990ScheduleA/Total509Grp/TotalAmt0322255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt079515
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt084228
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt058559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt050331
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt049622
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0322255
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RENTAL OF UNUSED SPACE $5100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $3679
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $787
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation $1991
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $4536
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACT LABOR $17182
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPLIES $6020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FUNDRAISING $3200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TRAVEL, ENTERTAINMENT AND MEAL $3067
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EQUIPMENT RENT $2607
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10REPAIRS AND MAINTENANCE $2355
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11BANK CHARGES $1498
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12PROGRAM EXPENSE $1068
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13GIFTS $450
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14CONSULTANT $420
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15MEMBERSHIPS $244
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16PROGRAM EXPENSE SUMMER CAMP $225
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17OTHER PROGRAM EXPENSES $177
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18OTHER OPERATING EXPENSE $163
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19PROGRAM EXPENSE TRAINING $150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20PROCESSING FEES $55
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21BOOKS $27
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22POSTAGE AND EXPRESS FEES $3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23PAYROLL TAXES PAYABLE - Beginning $0 PAYROLL TAXES PAYABLE - Ending $2807
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Other Expenses.11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Other Expenses.12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Other Expenses.13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Other Expenses.14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Other Expenses.15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Other Expenses.16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Other Expenses.17
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Other Expenses.18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Total Liabilities.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHERYL ADAMSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALMETTO WORKS COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0264805210
ReturnHeader/Filer/PhoneNum08433331911
ReturnHeader/Filer/USAddress/AddressLine1Txt0505 CHURCH STREET
ReturnHeader/Filer/USAddress/CityNm0CONWAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029526
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571130977
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COOPER and JASKOT CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04305 MAYFAIR ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MYRTLE BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029577
ReturnHeader/PreparerPersonGrp/PhoneNum08434974877
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ARLENE JASKOT
ReturnHeader/ReturnTs02023-11-15T11:04:27-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHERYL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ADAMSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings