Civic Intelligence

Charleston Citywide Local Development

990 • Fiscal year 2016 • EIN 57-0707663

Oct 01, 2015 to Sep 30, 2016 • Filed on Jan 17, 2017

Organization Profile[email protected]

View Organization Page

2 George Street Suite 3600Charleston, SC 29401

(843) 724-3796

Siviq Scores

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

Liabilities / Assets

39th percentile

0.14x

Higher debt load relative to assets than 39% of similar nonprofits.

2016 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

4.11x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2016

Net Margin

90th percentile

48%

Higher net margin than 90% of similar nonprofits.

2016 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$74,451

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2016 filings • $25M-$50M nonprofits • Source year 2016

Asset Growth

22nd percentile

-6.8%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$32,808,879

Down $2,397,322 (-6.8%) from 2015

Net Assets

Down

$28,084,555

Down $3,567,128 (-11%) from 2015

Liabilities

Up

$4,724,324

Up $1,169,806 (+33%) from 2015

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin90th percentile

Revenue

Down

$1,150,012

Down $253,275 (-18%) from 2015

Expenses

Down

$597,262

Down $43,918 (-6.8%) from 2015

Net Income

Down

$552,750

Down $209,357 (-27%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$40M$30M$20M$10M$0Assets 2010: $31,425,645Liabilities 2010: $2,031,533Net Assets 2010: $29,394,1122010Assets 2011: $33,559,793Liabilities 2011: $4,242,617Net Assets 2011: $29,317,1762011Assets 2012: $34,713,149Liabilities 2012: $4,711,169Net Assets 2012: $30,001,9802012Assets 2013: $35,121,621Liabilities 2013: $4,510,602Net Assets 2013: $30,611,0192013Assets 2014: $34,873,890Liabilities 2014: $3,787,985Net Assets 2014: $31,085,9052014Assets 2015: $35,206,201Liabilities 2015: $3,554,518Net Assets 2015: $31,651,6832015Assets 2016: $32,808,879Liabilities 2016: $4,724,324Net Assets 2016: $28,084,5552016Assets 2017: $32,865,019Liabilities 2017: $4,939,563Net Assets 2017: $27,925,4562017Assets 2018: $33,768,950Liabilities 2018: $5,550,377Net Assets 2018: $28,218,5732018Assets 2019: $23,942,089Liabilities 2019: $5,581,622Net Assets 2019: $18,360,4672019Assets 2020: $25,015,035Liabilities 2020: $7,213,818Net Assets 2020: $17,801,2172020Assets 2021: $28,483,157Liabilities 2021: $7,420,289Net Assets 2021: $21,062,8682021Assets 2022: $29,703,235Liabilities 2022: $7,705,651Net Assets 2022: $21,997,5842022Assets 2023: $35,516,078Liabilities 2023: $10,957,699Net Assets 2023: $24,558,3792023Assets 2024: $38,484,414Liabilities 2024: $12,206,705Net Assets 2024: $26,277,7092024

Highlighted filing

2016

Assets$32,808,879
Liabilities$4,724,324
Net Assets$28,084,555
Open 2016 Filing

Operations Trend

Revenue Growth16th percentile

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

$20M$10M$0-$10MExpenses 2010: $300,7662010Revenue 2011: $1,031,066Expenses 2011: $408,622Net Income 2011: $622,4442011Expenses 2012: $471,5142012Expenses 2013: $722,4452013Revenue 2014: $1,356,570Expenses 2014: $698,180Net Income 2014: $658,3902014Revenue 2015: $1,403,287Expenses 2015: $641,180Net Income 2015: $762,1072015Revenue 2016: $1,150,012Expenses 2016: $597,262Net Income 2016: $552,7502016Revenue 2017: $944,632Expenses 2017: $906,353Net Income 2017: $38,2792017Revenue 2018: $1,368,834Expenses 2018: $804,378Net Income 2018: $564,4562018Revenue 2019: $1,817,594Expenses 2019: $11,101,558Net Income 2019: -$9,283,9642019Revenue 2020: $1,962,961Expenses 2020: $1,176,022Net Income 2020: $786,9392020Revenue 2021: $3,819,413Expenses 2021: $1,117,680Net Income 2021: $2,701,7332021Revenue 2022: $3,082,260Expenses 2022: $1,767,939Net Income 2022: $1,314,3212022Revenue 2023: $5,137,686Expenses 2023: $2,062,871Net Income 2023: $3,074,8152023Revenue 2024: $3,390,070Expenses 2024: $2,558,387Net Income 2024: $831,6832024

Highlighted filing

2016

Revenue$1,150,012
Expenses$597,262
Net Income$552,750
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jan 17, 2017
Return Version
2015v3.0
Gross Receipts
$1,158,154
Mission and Program Overview

Mission

The purpose of the corporation is to further economic development to promote and assist in the growth and development of business concerns and to engage in those activities which are in furtherance of or related to those purposes

The purpose of the corporation is to further economic development to promote and assist in the growth and development of business concerns, and to engage in those activities which are in furtherance of or related to those programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$31,651,683$28,084,555▼ $3,567,128
Investments Other Securities$2,633,175$25,442,678▲ $22,809,503
Cash and Non-Interest-Bearing Accounts$2,944,925$4,029,070▲ $1,084,145
Other Notes and Loans Receivable, Net$28,571,746$2,271,184▼ $26,300,562
Land, Buildings, and Equipment, Net$1,009,585$981,977▼ $27,608
Pledges and Grants Receivable$46,770$83,970▲ $37,200
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$35,206,201$32,808,879▼ $2,397,322
Liabilities
Unsecured Notes Loans Payable$2,560,323$3,691,442▲ $1,131,119
Other Liabilities$431,899$788,501▲ $356,602
Accounts Payable and Accrued Expenses$562,296$244,381▼ $317,915
Total Liabilities$3,554,518$4,724,324▲ $1,169,806
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,651,683$28,084,555▼ $3,567,128
Total Liabilities and Net Assets / Fund Balance$35,206,201$32,808,879▼ $2,397,322

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$714,128$185,501$899,629
Land$230,000-$230,000
Leasehold Improvements$34,623$18,802$53,425
Equipment$3,226$24,790$28,016
Other Securities$22,827,918--
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dwayne JubarFinancial Services DirectorFT$74,451-$74,451
Sharon BrennanExecutive DirectorFT-$69,287$69,287

Board Members and Trustees

NameTitle
Richad K YoncePresident
Carol S HubbardVice President
Chris FisherVice President
Benjamin R LanierDirector
F Renee GatersDirector
John BennettDirector
Linda KennedyDirector
Otha MeadowsDirector
Randall GoldmanDirector
Richard T JerueDirector
Dorothy HarrisonAssistant Secretary
Yvonne D EvansAssistant Secretary
Kenneth DavenportSecretary
Bryan Mcneal JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$183,058
Program Service Revenue
$865,324
Investment Income
$101,630
Other Revenue
$0
Change in Net Assets
$552,750

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,150,012
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$155,845
Total Revenue per Audited Statements
$1,305,857
Total Revenue per Form 990
$1,150,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$303,708
Salaries, Compensation, and Employee Benefits$293,554
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,703$15,634-$156,337
Current Officers, Directors, Trustees, and Key Employees$67,006$7,445-$74,451
Fees for Services Management$64,260$7,140-$71,400
Interest$61,537--$61,537
Fees for Services Other$33,212$3,691-$36,903
Fees for Services Legal$25,879$2,875-$28,754
Depreciation Depletion-$27,404-$27,404
Other Employee Benefits$23,823$2,647-$26,470
Pension Plan Contributions$16,625$1,847-$18,472
Payroll Taxes$16,042$1,782-$17,824
Fees for Services Accounting$13,240$3,310-$16,550
All Other Expenses$9,634$5,145-$14,779
Travel$6,803$756-$7,559
Insurance-$3,900-$3,900
Conferences and Meetings$3,118$346-$3,464
Other Expenses$5,033$3,343-$3,343
Office Expenses$2,248$250-$2,498
Advertising$1,232$137-$1,369
Total Functional Expenses$490,395$106,867$0$597,262

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$840,914
Expenses per Audited Statements$597,262
Total Expenses per Form 990$597,262
Expenses Not Reported on Form 990$243,652
Expenses Not Reported on Financial Statements$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to City of Charleston$788,501
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The corporation has general members that elect board members in the organization's annual meeting each april. The nominating committee accepts applications from interested individuals and works to solicit and review the experience of potential candidates and presents a proposed slate to the general membership at the annual meeting.”

Form 990, Part VI, Section A, Line 7A

“Only electing members of the board.”

Form 990, Part VI, Section A, Line 7B

“The corporation has general members that elect board members in the organization's annual meeting each april.”

Form 990, Part VI, Section B, Line 11

“Draft of 990 is emailed to the audit committee for their review and then presented and discussed at the board meeting.”

Form 990, Part VI, Section B, Line 12C

“The organization discusses any conflicts of interests in the monthly board meetings.”

Form 990, Part VI, Section B, Line 15

“Comparative analysis is completed utilizing assessment tools through economic research institute.”

Form 990, Part VI, Section C, Line 19

“Yes, through a freedom of information request.”

Filing and Contact Details

Filer

Filer Name
Charleston Citywide Local Development
EIN
57-0707663
Phone
8437243796
Address
2 GEORGE STREET SUITE 3600, CHARLESTON, SC 29401

Signing Officer

Name
Kenneth R Davenport
Title
Secretary
Phone
8437243796
Signed
2017-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth R Davenport
Formed
1979
Legal Domicile
Sc
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
0

Preparer

Firm
Mccay Kiddy & Associates LLC
Address
1156 BOWMAN ROAD SUITE 100-A, MOUNT PLEASANT, SC 29464
Preparer
Melissa a Kiddy CPA Cfe
Phone
8438814477
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Bad debt expense -154,559. Interest income - charleston place 29,647.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“BAD DEBT”

Part XIII, Line 2D

“Consists of rental income/expenses that are netted in the 990 and broken out separate on the financial statements and bad debt expense that is reported in the financial statements.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt1ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FINANCIAL SERVICES DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-8142
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0183058
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01158154
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03900
IRS990/InsuranceGrp/TotalAmt03900
IRS990/InterestGrp/ProgramServicesAmt061537
IRS990/InterestGrp/TotalAmt061537
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0109772
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0109772
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02633175
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt025442678
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0229093
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01009585
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0981977
IRS990/LandBldgEquipCostOrOtherBssAmt01211070
IRS990/LegalDomicileStateCd0SC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt08142
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF THE CORPORATION IS TO FURTHER ECONOMIC DEVELOPMENT TO PROMOTE AND ASSIST IN THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS AND TO ENGAGE IN THOSE ACTIVITIES WHICH ARE IN FURTHERANCE OF OR RELATED TO THOSE PURPOSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt031651683
IRS990/NetAssetsOrFundBalancesEOYAmt028084555
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-8142
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-8142
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt066752
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0250
IRS990/OfficeExpensesGrp/ProgramServicesAmt02248
IRS990/OfficeExpensesGrp/TotalAmt02498
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-124912
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02647
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023823
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026470
IRS990/OtherExpensesGrp/Desc0PROPERTY INSURANCE
IRS990/OtherExpensesGrp/Desc1TRANSFER TO EDA PROGRAM
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3PROPERTY MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010366
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18290
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2559
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33343
IRS990/OtherExpensesGrp/ProgramServicesAmt05033
IRS990/OtherExpensesGrp/TotalAmt010366
IRS990/OtherExpensesGrp/TotalAmt18290
IRS990/OtherExpensesGrp/TotalAmt25592
IRS990/OtherExpensesGrp/TotalAmt33343
IRS990/OtherLiabilitiesGrp/BOYAmt0431899
IRS990/OtherLiabilitiesGrp/EOYAmt0788501
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015634
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0140703
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156337
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt028571746
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02271184
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01782
IRS990/PayrollTaxesGrp/ProgramServicesAmt016042
IRS990/PayrollTaxesGrp/TotalAmt017824
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01847
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016625
IRS990/PensionPlanContributionsGrp/TotalAmt018472
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt046770
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt083970
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KENNETH R DAVENPORT
IRS990/PriorPeriodAdjustmentsAmt0-4061718
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOAN
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LOAN APPLICATIONS & SE
IRS990/ProgramServiceRevenueGrp/Desc4SBA AND USDA INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0648285
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt191178
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt287116
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt324329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt411059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0648285
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt191178
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt287116
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt324329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt411059
IRS990/ProgSrvcAccomActy2Grp/Desc0TECHNICAL ASSISTANCE PROGRAMCOUPLED WITH ITS LOAN PRODUCTS, THE ORGANIZATION PROVIDES BOTH PRE-LOAN COUNSELING TO PROSPECTIVE APPLICANTS AND INTENSIVE POST-LOAN DEVELOPMENTAL SERVICES TO ITS BORROWERS. SUCH ASSISTANCE OCCURS IN VARIOUS FORUMS - ONE-ON-ONE COUNSELING, GROUP SESSIONS, WORKSHOPS, SEMINARS, CLASSES, EXHIBITIONS, AND SITE VISITS. MANY OF THE GROUP SESSIONS ARE CONDUCTED IN COLLABORATION WITH LOCAL COMMUNITY RESOURCES SUCH AS SBDC, SCORE, OR THE S.C. WOMEN'S BUSINESS CENTER, JUST TO NAME A FEW. THE ORGANIZATION VIEWS ITS ONE-ON-ONE TECHNICAL ASSISTANCE AS PROVIDING THE FOUDNATION FOR HTE SUCCESS OF BUSINESSES. THROUGH ITS INDIVIDUAL BOOKKEEPING AND QUICKBOOKS TRAINING, MARKETING STRATEGY DEVELOPMENT, AND SITE VISIT ASSISTANCE PROGRAMS, 118 BUSINESSES HAVE RECEIVED ALMOST 600 HOURS IN TRAINING AND BUSINESS DEVELOPMENT SINCE THE INCEPTION OF THE PROGRAMS.DURING THE YEAR, THE ORGANIZATION RESPONDED TO OVER 6,226 INFORMATIONAL REQUESTS, AND OF THOSE, 2,016 WERE ENTREPRENEURS WHO RECEIVED SOME LEVEL OF TECHNICAL ASSISTANCE. OF THE TOTAL ASSISTED, 317 INDIVIDUALS RECEIVED INFORMATION BY ATTENDING ONE OR MORE OF THE 38 PRESENTATIONS, SEMINARS, WORKSHOPS, OR NETWORKING SESSIONS OFFERED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0122599
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0552750
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0865324
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt031651683
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt028084555
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0714128
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0185501
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0899629
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt089093
IRS990ScheduleD/DonatedServicesUseFcltsAmt089093
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt024790
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028016
IRS990ScheduleD/ExpensesNotReportedAmt0243652
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0597262
IRS990ScheduleD/LandGrp/BookValueAmt0230000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0230000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt034623
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018802
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt053425
IRS990ScheduleD/NetUnrealizedGainsInvstAmt066752
IRS990ScheduleD/OtherExpensesIncludedAmt0154559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0788501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CITY OF CHARLESTON
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01063403
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11350564
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2200793
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt322827918
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORPORATE BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc3TREASURY BILLS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/RevenueNotReportedAmt0155845
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01150012
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BAD DEBT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONSISTS OF RENTAL INCOME/EXPENSES THAT ARE NETTED IN THE 990 AND BROKEN OUT SEPARATE ON THE FINANCIAL STATEMENTS AND BAD DEBT EXPENSE THAT IS REPORTED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XIII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0981977
IRS990ScheduleD/TotalBookValueSecuritiesAmt025442678
IRS990ScheduleD/TotalExpensesPerForm990Amt0597262
IRS990ScheduleD/TotalLiabilityAmt0788501
IRS990ScheduleD/TotalRevenuePerForm990Amt01150012

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,808,879
Liabilities
$4,724,324
Net assets
$28,084,555
Revenue
$1,150,012
Expenses
$597,262
Net income
$552,750
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.5$12.2$26.3$3.39$2.56$0.83
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$11.0$24.6$5.14$2.06$3.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$7.71$22.0$3.08$1.77$1.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.5$7.42$21.1$3.82$1.12$2.70
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$7.21$17.8$1.96$1.18$0.79
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.9$5.58$18.4$1.82$11.1$9.28
2018Summary only. Only limited summary data is available for this year.$33.8$5.55$28.2$1.37$0.80$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.9$4.94$27.9$0.94$0.91$0.04
2016Detailed filing. Detailed filing data is available for this year.$32.8$4.72$28.1$1.15$0.60$0.55
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.2$3.55$31.7$1.40$0.64$0.76
2014Detailed filing. Detailed filing data is available for this year.$34.9$3.79$31.1$1.36$0.70$0.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.1$4.51$30.6$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.7$4.71$30.0$0.47
2011Summary only. Only limited summary data is available for this year.$33.6$4.24$29.3$1.03$0.41$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.4$2.03$29.4$0.30