Civic Intelligence

Charleston Citywide Local Development

990 • Fiscal year 2017 • EIN 57-0707663

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 10, 2018

Organization Profile[email protected]

View Organization Page

2 George StCharleston, SC 29401

(843) 724-3796

Siviq Scores

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

Liabilities / Assets

47th percentile

0.15x

Higher debt load relative to assets than 47% of similar nonprofits.

2017 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

5.23x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2017

Net Margin

39th percentile

4.1%

Higher net margin than 39% of similar nonprofits.

2017 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

26th percentile

$112,854

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2017 filings • $25M-$50M nonprofits • Source year 2017

Asset Growth

41st percentile

0.2%

Faster asset growth than 41% of similar nonprofits.

2017 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$32,865,019

Up $56,140 (+0.2%) from 2016

Net Assets

Down

$27,925,456

Down $159,099 (-0.6%) from 2016

Liabilities

Up

$4,939,563

Up $215,239 (+4.6%) from 2016

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin39th percentile

Revenue

Down

$944,632

Down $205,380 (-18%) from 2016

Expenses

Up

$906,353

Up $309,091 (+52%) from 2016

Net Income

Down

$38,279

Down $514,471 (-93%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2017

Assets$32,865,019
Liabilities$4,939,563
Net Assets$27,925,456
Open 2017 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

2017

Revenue$944,632
Expenses$906,353
Net Income$38,279
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 10, 2018
Return Version
2016v3.0
Gross Receipts
$944,632
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,029,070$15,459,978▲ $11,430,908
Investments Other Securities$25,442,678$13,960,420▼ $11,482,258
Other Notes and Loans Receivable, Net$2,242,442$2,234,050▼ $8,392
Land, Buildings, and Equipment, Net$981,978$1,129,380▲ $147,402
Pledges and Grants Receivable$83,970$52,449▼ $31,521
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$32,808,880$32,865,019▲ $56,139
Other Assets Total$28,742$28,742→ $0
Liabilities
Unsecured Notes Loans Payable$3,892,608$4,120,578▲ $227,970
Other Liabilities$788,502$786,241▼ $2,261
Accounts Payable and Accrued Expenses$43,215$32,744▼ $10,471
Total Liabilities$4,724,325$4,939,563▲ $215,238
Net Assets / Fund Balance
Unrestricted Net Assets$27,233,523$26,979,084▼ $254,439
Temporarily Rstr Net Assets$851,032$946,372▲ $95,340
Total Net Assets Fund Balance$28,084,555$27,925,456▼ $159,099
Total Liabilities and Net Assets / Fund Balance$32,808,880$32,865,019▲ $56,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$691,405$208,224$899,629
Land$230,000-$230,000
Leasehold Improvements$205,146$20,912$226,058
Equipment$1$14,015$14,016
Other Land Buildings$2,828$11,172$14,000
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sharon BrennanExecutive DirectorFT$18,710$94,144$112,854
Dwayne JubarFinancial DirectorFT$70,025-$70,025

Board Members and Trustees

NameTitle
Richard K YoncePresident
Carol S HubbardVice President
Chris FisherVice President
Benjamin R LanierDirector
Casdel SingletonDirector
Clay MiddletonDirector
Grant A McAnultyDirector
John BennettDirector
Linda KennedyDirector
Otha MeadowsDirector
Richard T JerueDirector
Yvonne D EvansAsst. Secretary
Kenneth DavenportSecretary
Bryan Mcneal JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$157,885
Program Service Revenue
$471,266
Investment Income
$315,481
Other Revenue
$0
Change in Net Assets
$38,279

Audited Revenue Reconciliation

Revenue per Audited Statements
$944,632
Revenue Not Reported on Form 990
$91,795
Total Revenue per Audited Statements
$1,036,427
Total Revenue per Form 990
$944,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$505,849
Salaries, Compensation, and Employee Benefits$400,504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$227,367-$227,367
Other Salaries and Wages$167,540$18,616-$186,156
Current Officers, Directors, Trustees, and Key Employees$124,909$13,879-$138,788
Interest$71,795--$71,795
Fees for Services Other$49,008$18,054-$67,062
Other Employee Benefits$28,122$3,125-$31,247
Fees for Services Legal$24,604$2,734-$27,338
Depreciation Depletion-$25,231-$25,231
Fees for Services Management$21,840$2,427-$24,267
Payroll Taxes$21,530$2,392-$23,922
Pension Plan Contributions$18,352$2,039-$20,391
Fees for Services Accounting$10,800$2,700-$13,500
All Other Expenses$8,304$1,507-$9,811
Insurance-$9,106-$9,106
Travel$6,084$676-$6,760
Other Expenses$3,794$422-$4,216
Office Expenses$1,730$192-$1,922
Advertising$747$83-$830
Conferences and Meetings$288$32-$320
Total Functional Expenses$568,797$337,556$0$906,353

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,195,526
Expenses per Audited Statements$906,353
Total Expenses per Form 990$906,353
Expenses Not Reported on Form 990$289,173
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to City of Charleston$786,241
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, Line 6: Explanation of Classes of Members or Shareholder

“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, Line 7A: How Members or Shareholders Elect Governing Body

“Only electing members of the board”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

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

Form 990, Part VI, Line 11B: Form 990 Review Process

“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, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

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

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Comparative analysis is completed utilizing assessment tools through Economic Research Institute.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“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 St, Charleston, SC 29401

Signing Officer

Name
Kenneth Davenport
Title
Secretary
Signed
2018-01-10
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
The Hobbs Group PA
Address
1704 Laurel Street, Columbia, SC 29201
Preparer
Allyson T DeHart CPA
Phone
8037990555
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Bad debt expense net of interest income = -$200080”

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The process has not changed from the prior year”

Form 990 Part V Line 1C

“The organization had no reportable payments to a vendor requiring compliance with backup withholding rules, nor did they provide any reportable gaming, gambling, or winnings to a prize winner during the calendar year.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is a nonprofit corporation under Section 501(c)(4) of the Internal Revenue Code and is exempt from federal and state income taxes, unless income is generated from unrelated business activities. There is no unrelated business income for 2017. The Organization qualifies for the charitable contribution deduction under Section 170(b)(A) and has been classifed as an organization that is not a private foundation under Section 509(a)(2). Management is not aware of any transactions which would jeopardize their tax exempt status. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be substantiated upon examination by the IRS. Management has analyzed the tax positions taken by the Organization and has concluded that as of September 30th, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for fiscal years prior to 2014. U.S. state jurisdictions have statutes of limitations that generally range from three to five years.”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Bad Debt Expenses reported on Audited FS $200080”

Raw XML AppendixShowing 400 of 582 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt043215
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt032744
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The 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/AdvertisingGrp/ManagementAndGeneralAmt083
IRS990/AdvertisingGrp/ProgramServicesAmt0747
IRS990/AdvertisingGrp/TotalAmt0830
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01507
IRS990/AllOtherExpensesGrp/ProgramServicesAmt08304
IRS990/AllOtherExpensesGrp/TotalAmt09811
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Kenneth R Davenport
IRS990/BooksInCareOfDetail/PhoneNum08437243796
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 George St Suite 3600
IRS990/BooksInCareOfDetail/USAddress/CityNm0Charleston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029401
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04029070
IRS990/CashNonInterestBearingGrp/EOYAmt015459978
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt013879
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0124909
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0138788
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt032
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0288
IRS990/ConferencesMeetingsGrp/TotalAmt0320
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0157885
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0315481
IRS990/CYOtherExpensesAmt0505849
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0471266
IRS990/CYRevenuesLessExpensesAmt038279
IRS990/CYSalariesCompEmpBnftPaidAmt0400504
IRS990/CYTotalExpensesAmt0906353
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0944632
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt025231
IRS990/DepreciationDepletionGrp/TotalAmt025231
IRS990/Desc0Lending ProgramsSBA Microloan Program, small business incentive loan program, facade loan program, eda revolving loan fund, rural revolving loan fund, and disaster assistance loan program provide funding to eligible businesses within the organization's service area to meet most needs that those businesses may have. although the LDC does not compete with the commercial lenders, it works in collaboration with the local banks and all small business reources in the community.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0423641
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02700
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt010800
IRS990/FeesForServicesAccountingGrp/TotalAmt013500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02734
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt024604
IRS990/FeesForServicesLegalGrp/TotalAmt027338
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02427
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt021840
IRS990/FeesForServicesManagementGrp/TotalAmt024267
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt018054
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt049008
IRS990/FeesForServicesOtherGrp/TotalAmt067062
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt125.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt135.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0Richard T Jerue
IRS990/Form990PartVIISectionAGrp/PersonNm1Clay Middleton
IRS990/Form990PartVIISectionAGrp/PersonNm2Otha Meadows
IRS990/Form990PartVIISectionAGrp/PersonNm3Linda Kennedy
IRS990/Form990PartVIISectionAGrp/PersonNm4Grant A McAnulty
IRS990/Form990PartVIISectionAGrp/PersonNm5Casdel Singleton
IRS990/Form990PartVIISectionAGrp/PersonNm6John Bennett
IRS990/Form990PartVIISectionAGrp/PersonNm7Benjamin R Lanier
IRS990/Form990PartVIISectionAGrp/PersonNm8Richard K Yonce
IRS990/Form990PartVIISectionAGrp/PersonNm9Kenneth Davenport
IRS990/Form990PartVIISectionAGrp/PersonNm10Carol S Hubbard
IRS990/Form990PartVIISectionAGrp/PersonNm11Yvonne D Evans
IRS990/Form990PartVIISectionAGrp/PersonNm12Chris Fisher
IRS990/Form990PartVIISectionAGrp/PersonNm13Bryan Mcneal Jr
IRS990/Form990PartVIISectionAGrp/PersonNm14Sharon Brennan
IRS990/Form990PartVIISectionAGrp/PersonNm15Dwayne Jubar
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1418710
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1570025
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1494144
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt11Asst. Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt12Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt15Financial Dir.
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0213368
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0157885
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0213368
IRS990/GrossReceiptsAmt0944632
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt09106
IRS990/InsuranceGrp/TotalAmt09106
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt071795
IRS990/InterestGrp/TotalAmt071795
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt0-15818
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0102113
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0102113
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt025442678
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt013960420
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0254323
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0981978
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01129380
IRS990/LandBldgEquipCostOrOtherBssAmt01383703
IRS990/LegalDomicileStateCd0SC
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt028084555
IRS990/NetAssetsOrFundBalancesEOYAmt027925456
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0213368
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0213368
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt018520
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0227367
IRS990/OccupancyGrp/TotalAmt0227367
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0192
IRS990/OfficeExpensesGrp/ProgramServicesAmt01730
IRS990/OfficeExpensesGrp/TotalAmt01922
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt028742
IRS990/OtherAssetsTotalGrp/EOYAmt028742
IRS990/OtherChangesInNetAssetsAmt0-200080
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03125
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028122
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031247
IRS990/OtherExpensesGrp/Desc0Property Insurance
IRS990/OtherExpensesGrp/Desc1Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc2Other Expenses
IRS990/OtherExpensesGrp/Desc3Client Contingency
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05935
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1524
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2515
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3422
IRS990/OtherExpensesGrp/ProgramServicesAmt04716
IRS990/OtherExpensesGrp/ProgramServicesAmt14634
IRS990/OtherExpensesGrp/ProgramServicesAmt23794
IRS990/OtherExpensesGrp/TotalAmt05935
IRS990/OtherExpensesGrp/TotalAmt15240
IRS990/OtherExpensesGrp/TotalAmt25149
IRS990/OtherExpensesGrp/TotalAmt34216
IRS990/OtherLiabilitiesGrp/BOYAmt0788502
IRS990/OtherLiabilitiesGrp/EOYAmt0786241
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018616
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0167540
IRS990/OtherSalariesAndWagesGrp/TotalAmt0186156
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02242442
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02234050
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02392
IRS990/PayrollTaxesGrp/ProgramServicesAmt021530
IRS990/PayrollTaxesGrp/TotalAmt023922
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02039
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018352
IRS990/PensionPlanContributionsGrp/TotalAmt020391
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt083970
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt052449
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Kenneth Davenport
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0Interest Income-Loan
IRS990/ProgramServiceRevenueGrp/Desc1Loan Applications & SE
IRS990/ProgramServiceRevenueGrp/Desc2Other Income
IRS990/ProgramServiceRevenueGrp/Desc3Rental Income
IRS990/ProgramServiceRevenueGrp/Desc4SBA & USDA Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0166425
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt152081
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2129428
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3113880
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt46003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0166425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152081
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2129428
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3113880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46003
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 SC Women's Business Center, just to name a few. The organization views its one-on-one technical assistance as providing the foundation for the success of businesses. Through its individual bookkeeping and quickbooks training, marketing strategy, development, and site visit assitance programs, 164 businesses have received almost 734 hours in training and business development since the inception of the programs.During the year, the organization repsonded to over 4,671 informational requests, and of those, 1,747 were entrepreneurs who received some level of technical assistance. Of the total assisted, 425 individuals received information by attending one or more of the 58 presentations, seminars, workshops, or networking sessions offered.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0145156
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0183058
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0101630
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0303708
IRS990/PYProgramServiceRevenueAmt0865324
IRS990/PYRevenuesLessExpensesAmt0552750
IRS990/PYSalariesCompEmpBnftPaidAmt0293554
IRS990/PYTotalExpensesAmt0597262
IRS990/PYTotalRevenueAmt01150012
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt038279
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0471266

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,865,019
Liabilities
$4,939,563
Net assets
$27,925,456
Revenue
$944,632
Expenses
$906,353
Net income
$38,279
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
2017Detailed filing. Detailed filing data is available for this year.$32.9$4.94$27.9$0.94$0.91$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $25M-$50M nonprofits