Civic Intelligence

Walterboro Development Corporation

EIN 27-3513410 • 501(c)6 • Walterboro, SC

Profile

To establish a business education and assistance program for small business owners to come and learn, meet, and network through classes and counseling. Also facilitate coorperative advertising by business type or region. In addition, establish and administer a revolving loan fund.

242 Hampton StreetWalterboro, SC 29488
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2025

Assets

Down

$33,996

Down $225 (-0.7%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$33,996

Down $225 (-0.7%) from 2024

Revenue

Flat

$0

Flat from 2024

Expenses

Up

$225

Up $25 (+13%) from 2024

Net Income

Down

-$225

Down $25 (-13%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2014: $91,672Liabilities 2014: $0Net Assets 2014: $91,6722014Assets 2015: $138,112Liabilities 2015: $0Net Assets 2015: $138,1122015Assets 2016: $132,461Liabilities 2016: $0Net Assets 2016: $132,4612016Assets 2017: $78,468Liabilities 2017: $0Net Assets 2017: $78,4682017Assets 2018: $37,678Liabilities 2018: $0Net Assets 2018: $37,6782018Assets 2019: $37,191Liabilities 2019: $0Net Assets 2019: $37,1912019Assets 2020: $28,986Liabilities 2020: $0Net Assets 2020: $28,9862020Assets 2021: $38,821Liabilities 2021: $0Net Assets 2021: $38,8212021Assets 2022: $34,621Liabilities 2022: $0Net Assets 2022: $34,6212022Assets 2023: $34,421Liabilities 2023: $0Net Assets 2023: $34,4212023Assets 2024: $34,221Liabilities 2024: $0Net Assets 2024: $34,2212024Assets 2025: $33,996Liabilities 2025: $0Net Assets 2025: $33,9962025

Highlighted filing

2025

Assets$33,996
Liabilities$0
Net Assets$33,996

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50K-$100KRevenue 2014: $109,568Expenses 2014: $25,491Net Income 2014: $84,0772014Revenue 2015: $49,893Expenses 2015: $3,453Net Income 2015: $46,4402015Revenue 2016: $5,164Expenses 2016: $10,815Net Income 2016: -$5,6512016Revenue 2017: $6,469Expenses 2017: $60,462Net Income 2017: -$53,9932017Revenue 2018: $20,079Expenses 2018: $60,869Net Income 2018: -$40,7902018Revenue 2019: $11,320Expenses 2019: $11,807Net Income 2019: -$4872019Revenue 2020: $3,700Expenses 2020: $11,905Net Income 2020: -$8,2052020Revenue 2021: $11,000Expenses 2021: $1,165Net Income 2021: $9,8352021Revenue 2022: $1,000Expenses 2022: $5,200Net Income 2022: -$4,2002022Revenue 2023: $0Expenses 2023: $200Net Income 2023: -$2002023Revenue 2024: $0Expenses 2024: $200Net Income 2024: -$2002024Revenue 2025: $0Expenses 2025: $225Net Income 2025: -$2252025

Highlighted filing

2025

Revenue$0
Expenses$225
Net Income-$225

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 3, 2025
Return Version
2024v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

To establish a business education and assistance program for small business owners to come and learn, meet, and network through classes and counseling. Also facilitate coorperative advertising by business type or region. In addition, establish and administer a revolving loan fund.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,472$27,247▼ $225
Land, Buildings, and Equipment, Net$6,749$6,749→ $0
Total Assets$34,221$33,996▼ $225
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,221$33,996▼ $225
Total Net Assets Fund Balance$34,221$33,996▼ $225
Total Liabilities and Net Assets / Fund Balance$34,221$33,996▼ $225

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,749-$6,749
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeffrey MolinariExec Committ
Kevin GriffinExec Committ
William YoungExec Committ
Amy J RisherSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$225-$225
Total Functional Expenses$0$225$0$225
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Walterboro Development Corporation
EIN
27-3513410
Phone
8435492545
Address
242 HAMPTON STREET, WALTERBORO, SC 29488

Signing Officer

Name
Jeffrey Molinari
Title
Exec Committee Mem
Phone
8435492545
Signed
2025-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Molinari
Voting Board Members
4
Independent Board Members
1
Employees
0

Preparer

Firm
Griffin Beach & Company Pa
Address
312 S JEFFERIES BLVD, WALTERBORO, SC 29488-4428
Preparer
Jack H Beach
Phone
8435495524
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To establish a business education and assistance program for small business owners to come and learn, meet, and network through classes and counseling. Also facilitate coorperative advertising by business type or region. In addition, establish and administer a revolving loan fund.

Raw XML Appendix218 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.

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IRS990/BooksInCareOfDetail/PersonNm0JEFFREY MOLINARI
IRS990/BooksInCareOfDetail/PhoneNum08435492545
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0242 HAMPTON STREET
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IRS990/Form990PartVIISectionAGrp/PersonNm3WILLIAM YOUNG
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXEC COMMITT
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXEC COMMITT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXEC COMMITT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06749
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06749
IRS990/LandBldgEquipCostOrOtherBssAmt06749
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC COMMITTEE MEM
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-03
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ReturnHeader/PreparerPersonGrp/PhoneNum08435495524
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACK H BEACH
ReturnHeader/ReturnTs02025-09-04T16:35:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.