Ccedc One Inc.

“The board of directors shall be comprised of three ex officio members. The following individuals shall be the ex officio directors of the corporation: county administrator, county economic development director, and chairman of the colleton county resource and development board. The county council shall have the power to remove a director with or without cause and appointment a replacement for such removed director at any time by giving written notice to the director and the secretary.”

“The board of directors will review the return before filing.”

“AVAILABLE UPON REQUEST”

“AVAILABLE UPON REQUEST”

“Application is pending-the board members had invested their faith and reliance on a lawyer to conduct all of the legal business including tax filings for the non-profit. However, they did not conduct verifications that the returns were filed. When it was apparant that the non-profit had their exemption revoked because of not filing returns for three consecutive years, they hired a cpa to get them current and assist with getting them reinstated. The address on file with the irs was not the correct address so they did not get the revocation letter timely. They submitted a form 8822b to correct the address for future notifications. A copy of a 2019 return was located but could not get confirmation from the irs in multiple phone calls what tax returns were on record with the shortage of staff on the practioner's hotline. Please advise us which returns have not been filed and we will get those returns prepared so that we can request the tax exemption to be reinstated effective as of the date of revocation on 5/15/18. We did file an extension on form 7004 as a corporation with not knowing the status of the entity on the due date.”

“Land/buildings not reported on balance sheet in prior year 7,962,275.”