Civic Intelligence

Economic Development Partnership

990 • Fiscal year 2017 • EIN 57-0787606

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 14, 2018

Organization Profilewww.edpsc.org

View Organization Page

PO Box 1708Aiken, SC 29802

(803) 641-3300

Siviq Scores

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

Liabilities / Assets

67th percentile

0.37x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

1.42x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Net Margin

86th percentile

20%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Asset Growth

29th percentile

0.8%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

22%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$9,921,833

Up $78,029 (+0.8%) from 2016

Net Assets

Up

$6,262,694

Up $521,848 (+9.1%) from 2016

Liabilities

Down

$3,659,139

Down $443,819 (-11%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin86th percentile

Revenue

Up

$2,575,877

Up $469,304 (+22%) from 2016

Expenses

Up

$2,054,029

Up $167,127 (+8.9%) from 2016

Net Income

Up

$521,848

Up $302,177 (+138%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$10M$5.0M$0Assets 2011: $3,218,799Liabilities 2011: $48,662Net Assets 2011: $3,170,1372011Assets 2012: $3,757,930Liabilities 2012: $66,936Net Assets 2012: $3,690,9942012Assets 2013: $4,510,130Liabilities 2013: $115,271Net Assets 2013: $4,394,8592013Assets 2014: $5,277,053Liabilities 2014: $122,653Net Assets 2014: $5,154,4002014Assets 2015: $9,467,051Liabilities 2015: $4,042,079Net Assets 2015: $5,424,9722015Assets 2016: $9,843,804Liabilities 2016: $4,102,958Net Assets 2016: $5,740,8462016Assets 2017: $9,921,833Liabilities 2017: $3,659,139Net Assets 2017: $6,262,6942017Assets 2018: $9,853,722Liabilities 2018: $3,673,992Net Assets 2018: $6,179,7302018Assets 2019: $9,321,972Liabilities 2019: $2,920,773Net Assets 2019: $6,401,1992019Assets 2020: $9,501,816Liabilities 2020: $2,636,140Net Assets 2020: $6,865,6762020Assets 2021: $5,344,631Liabilities 2021: $114,162Net Assets 2021: $5,230,4692021Assets 2022: $6,749,200Liabilities 2022: $101,375Net Assets 2022: $6,647,8252022Assets 2023: $8,860,760Liabilities 2023: $118,081Net Assets 2023: $8,742,6792023Assets 2024: $9,526,213Liabilities 2024: $118,081Net Assets 2024: $9,408,1322024

Highlighted filing

2017

Assets$9,921,833
Liabilities$3,659,139
Net Assets$6,262,694
Open 2017 Filing

Operations Trend

Revenue Growth88th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $2,637,371Expenses 2011: $1,829,037Net Income 2011: $808,3342011Expenses 2012: $1,431,0772012Expenses 2013: $4,438,8342013Revenue 2014: $2,836,644Expenses 2014: $2,077,149Net Income 2014: $759,4952014Revenue 2015: $2,149,116Expenses 2015: $1,878,544Net Income 2015: $270,5722015Revenue 2016: $2,106,573Expenses 2016: $1,886,902Net Income 2016: $219,6712016Revenue 2017: $2,575,877Expenses 2017: $2,054,029Net Income 2017: $521,8482017Revenue 2018: $2,293,132Expenses 2018: $2,376,096Net Income 2018: -$82,9642018Revenue 2019: $2,432,576Expenses 2019: $1,821,107Net Income 2019: $611,4692019Revenue 2020: $2,594,492Expenses 2020: $2,020,015Net Income 2020: $574,4772020Revenue 2021: $2,441,747Expenses 2021: $4,679,575Net Income 2021: -$2,237,8282021Revenue 2022: $4,891,813Expenses 2022: $3,474,457Net Income 2022: $1,417,3562022Revenue 2023: $3,403,695Expenses 2023: $2,316,341Net Income 2023: $1,087,3542023Revenue 2024: $4,910,162Expenses 2024: $4,244,709Net Income 2024: $665,4532024

Highlighted filing

2017

Revenue$2,575,877
Expenses$2,054,029
Net Income$521,848
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 14, 2018
Return Version
2016v3.0
Gross Receipts
$2,575,877
Mission and Program Overview

Mission

The Economic Development Partnership of Aiken, Edgefield, and Saluda Counties, Inc., d/b/a The Economic Development Partnership (EDP), is a tax-exempt 501(c)(6) organization promoting economic development in the South Carolina counties of Aiken, Edgefield, and Saluda. The Partnership was formed and began operations in 1984.

To promote Economic Development in Aiken and Edgefield Counties in South Carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,740,846$6,262,694▲ $521,848
Savings and Temporary Cash Investments$2,982,057$3,953,161▲ $971,104
Land, Buildings, and Equipment, Net$3,712,695$3,698,101▼ $14,594
Cash and Non-Interest-Bearing Accounts$1,759,815$947,881▼ $811,934
Accounts Receivable$339,237$272,690▼ $66,547
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$9,843,804$9,921,833▲ $78,029
Other Assets Total$1,050,000$1,050,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,321,350$3,321,350→ $0
Deferred Revenue$273,016$272,690▼ $326
Accounts Payable and Accrued Expenses$495,026$51,533▼ $443,493
Other Liabilities$13,566$13,566→ $0
Total Liabilities$4,102,958$3,659,139▼ $443,819
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,740,846$6,262,694▲ $521,848
Total Liabilities and Net Assets / Fund Balance$9,843,804$9,921,833▲ $78,029

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$48,101$242,543$290,644
Buildings$3,290,000--
Land$360,000--
Other Assets Org$1,050,000--
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Mr Gary StooksburryChairman of the Board
Mr Willson M WilliamsfootnotePresident & CEO
Mr Richard M PendarvisVice Chairman
Mr Ronald Boltonvice Chairman
Mr Alex MerriweatherBoard Member
Mr Billy H Holley JRBoard Member
Mr Brett BrannonBoard Member
Mr Clayton QuattlebaumBoard Member
Mr E Leland ReynoldsBoard Member
Mr Eric ThompsonBoard Member
Mr Greg RybergBoard Member
Mr John TroutmanBoard Member
Mr Rex NordeenBoard Member
Mr Scott TindalBoard Member
Mr Tillman SaulsBoard Member
Mr Vance ReynoldsBoard Member
Mr William McGhee JRBoard Member
Mrs Mary DerrickBoard Member
Dr Robert E AlexanderSecretary
Mr Ernest DuncanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Kutak-Rock LLPConsultingP OBox 30057, Omaha, NE 68103$150,523
Revenue and Support

Revenue Composition

Contributions and Grants
$2,566,030
Program Service Revenue
$2,110
Investment Income
$7,737
Other Revenue
$0
All Other Contributions
$1,263,333
Change in Net Assets
$521,848

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,575,877
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$7,500
Total Revenue per Audited Statements
$2,583,377
Total Revenue per Form 990
$2,575,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,764,023
Salaries, Compensation, and Employee Benefits$290,006
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$148,315$7,806-$156,121
Current Officers, Directors, Trustees, and Key Employees$76,823$4,043-$80,866
Other Expenses$76,612--$76,612
Interest$66,427--$66,427
Other Employee Benefits$32,813$1,727-$34,540
Insurance$24,108--$24,108
Conferences and Meetings$19,276$1,015-$20,291
Payroll Taxes$17,555$924-$18,479
Office Expenses$15,155$798-$15,953
Fees for Services Accounting-$15,930-$15,930
Depreciation Depletion$15,274--$15,274
Travel$11,069$583-$11,652
Advertising$3,039--$3,039
Occupancy$1,914$137-$2,051
Total Functional Expenses$2,021,066$32,963$0$2,054,029

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,061,529
Expenses per Audited Statements$2,054,029
Total Expenses per Form 990$2,054,029
Expenses Not Reported on Form 990$7,500
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mr Scott TindalBoard of DirectorAt June 30, 2017, the organization had approximately $2,400,000 on deposit with a bank on which the organization's board member is an employee.No$2,400,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Local Council$13,566
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
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“The organization reports decisions made by authorized committees to the full board at the next available board meeting. Decisions made by authorized committees are documented in the board minutes. At this time the organization does not believe it is beneficial to maintain separate documentation of the authorized committee meetings.”

Form 990, Part VI, Section B, line 11B

“THE President/CEO REViEWS THE 990 and it IS MADE AVAILABLE TO MEMBERS OF THE BOARD after the return is filed.”

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

“Frequent verbal discussions with the Chairman of the Board pertaining to areas of possible conflict.”

Form 990, Part VI, Section B, line 15

“The process for determining compensation of the organization's Executive Director is as follows: the Chairman of the Board makes a recommendation to the Board of Directors. The Board of Directors gives final approval. The Executive Director is not at this meeting or in the discussions.”

Form 990, Part VI, Section C, line 18

“Same as above”

Form 990, Part VI, Section C, line 19

“The organization provides its governing documents, conflict of interest policy, financial statements, and Forms 990 and 1023 for public inspection upon request.”

form 990, page 7, part VII

“Mr. Williams's salary and benefits are processed through the Lower Savannah Council of Governments (LSCOG). He is in the SC state system and EDP reimbursements LSCOG on a monthly basis. LSCOG issues EDP an invoice monthly plus administrative fee of 1% and EDP pays accordingly.”

Filing and Contact Details

Filer

Filer Name
Economic Development Partnership
EIN
57-0787606
Phone
8036413300
Address
PO Box 1708, Aiken, SC 29802

Signing Officer

Name
Willson M Williams
Title
President & CEO
Phone
8036413300
Signed
2018-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Willson M Williams
Formed
1984
Legal Domicile
Sc
Voting Board Members
20
Independent Board Members
20
Employees
4
Volunteers
0

Preparer

Firm
Cherry Bekaert LLP
Address
5350 Woodside Executive Ct, Aiken, SC 29803
Preparer
Cindy Meares
Phone
8036482692
Supplemental Narrative

Additional Explanations

FORM 990 part XII line 2C

“The President/CEO reviews the Form 990 as it is received from the organization's public accounting firm. The organization has not changed either its oversight process or selection process during the year.”

Financial Statement Notes

Part X, Line 2:

“The entity's financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America as prescribed by the governmental accounting standards board (GASB). Fin 48 does not apply.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0Mr Gary Stooksburry
IRS990/Form990PartVIISectionAGrp/PersonNm1Mr Richard M Pendarvis
IRS990/Form990PartVIISectionAGrp/PersonNm2Mr Ronald Bolton
IRS990/Form990PartVIISectionAGrp/PersonNm3Dr Robert E Alexander
IRS990/Form990PartVIISectionAGrp/PersonNm4Mr Ernest Duncan
IRS990/Form990PartVIISectionAGrp/PersonNm5Mr Alex Merriweather
IRS990/Form990PartVIISectionAGrp/PersonNm6Mr Billy H Holley JR
IRS990/Form990PartVIISectionAGrp/PersonNm7Mr Brett Brannon
IRS990/Form990PartVIISectionAGrp/PersonNm8Mr Clayton Quattlebaum
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr E Leland Reynolds
IRS990/Form990PartVIISectionAGrp/PersonNm10Mr Eric Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm11Mr Greg Ryberg
IRS990/Form990PartVIISectionAGrp/PersonNm12Mr John Troutman
IRS990/Form990PartVIISectionAGrp/PersonNm13Mrs Mary Derrick
IRS990/Form990PartVIISectionAGrp/PersonNm14Mr Rex Nordeen
IRS990/Form990PartVIISectionAGrp/PersonNm15Mr Scott Tindal
IRS990/Form990PartVIISectionAGrp/PersonNm16Mr Tillman Sauls
IRS990/Form990PartVIISectionAGrp/PersonNm17Mr Vance Reynolds
IRS990/Form990PartVIISectionAGrp/PersonNm18Mr William McGhee JR
IRS990/Form990PartVIISectionAGrp/PersonNm19Mr Willson M Williamsfootnote
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19President & CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt01300327
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02575877
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt024108
IRS990/InsuranceGrp/TotalAmt024108
IRS990/InterestGrp/ProgramServicesAmt066427
IRS990/InterestGrp/TotalAmt066427
IRS990/InvestmentIncomeGrp/ExclusionAmt07737
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07737
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0242543
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03712695
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03698101
IRS990/LandBldgEquipCostOrOtherBssAmt03940644
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt02370
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Economic Development Partnership of Aiken, Edgefield, and Saluda Counties, Inc., d/b/a The Economic Development Partnership (EDP), is a tax-exempt 501(c)(6) organization promoting economic development in the South Carolina counties of Aiken, Edgefield, and Saluda. The Partnership was formed and began operations in 1984.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03321350
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03321350
IRS990/NetAssetsOrFundBalancesBOYAmt05740846
IRS990/NetAssetsOrFundBalancesEOYAmt06262694
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0137
IRS990/OccupancyGrp/ProgramServicesAmt01914
IRS990/OccupancyGrp/TotalAmt02051
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0798
IRS990/OfficeExpensesGrp/ProgramServicesAmt015155
IRS990/OfficeExpensesGrp/TotalAmt015953
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01050000
IRS990/OtherAssetsTotalGrp/EOYAmt01050000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01727
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt032813
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034540
IRS990/OtherExpensesGrp/Desc0Applied Research Cent -
IRS990/OtherExpensesGrp/Desc1Prospect Development
IRS990/OtherExpensesGrp/Desc2Hydrogen Fuel Station -
IRS990/OtherExpensesGrp/ProgramServicesAmt0865327
IRS990/OtherExpensesGrp/ProgramServicesAmt1647359
IRS990/OtherExpensesGrp/ProgramServicesAmt276612
IRS990/OtherExpensesGrp/TotalAmt0865327
IRS990/OtherExpensesGrp/TotalAmt1647359
IRS990/OtherExpensesGrp/TotalAmt276612
IRS990/OtherLiabilitiesGrp/BOYAmt013566
IRS990/OtherLiabilitiesGrp/EOYAmt013566
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07806
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0148315
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156121
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0924
IRS990/PayrollTaxesGrp/ProgramServicesAmt017555
IRS990/PayrollTaxesGrp/TotalAmt018479
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Willson M Williams
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0Misc Revenue - Project
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02110
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02110
IRS990/ProgSrvcAccomActy2Grp/Desc0Alliance - Each year, the State of South Carolina Department of Commerce notifies EDP (and other regional development organizations) of amounts available to them. In order to receive the full amount available, EDP must match the amount in private contributions. The funds received from the state do not have specific restrictions; they just have to be related to economic development.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0548362
IRS990/ProgSrvcAccomActy3Grp/Desc0Encouragement of the Economic Development of Aiken, Edgefield, and Saluda Counties.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0438225
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02110
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02002430
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07793
IRS990/PYOtherExpensesAmt01610135
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt096350
IRS990/PYRevenuesLessExpensesAmt0219671
IRS990/PYSalariesCompEmpBnftPaidAmt0276767
IRS990/PYTotalExpensesAmt01886902
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02106573
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0521848
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05740846
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06262694
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02982057
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03953161
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03290000
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03290000
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt07500
IRS990ScheduleD/DonatedServicesUseFcltsAmt07500
IRS990ScheduleD/EquipmentGrp/BookValueAmt048101
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0242543
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0290644
IRS990ScheduleD/ExpensesNotReportedAmt07500
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02054029
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0360000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0360000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01050000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Component Unit - ARC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Local Council
IRS990ScheduleD/RevenueNotReportedAmt07500
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02575877
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The entity's financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America as prescribed by the governmental accounting standards board (GASB). Fin 48 does not apply.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01050000
IRS990ScheduleD/TotalExpensesPerForm990Amt02054029
IRS990ScheduleD/TotalLiabilityAmt013566
IRS990ScheduleD/TotalRevenuePerForm990Amt02575877
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02583377
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02061529
IRS990/ScheduleJRequiredInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,921,833
Liabilities
$3,659,139
Net assets
$6,262,694
Revenue
$2,575,877
Expenses
$2,054,029
Net income
$521,848
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.53$0.12$9.41$4.91$4.24$0.67
2023Detailed filing. Detailed filing data is available for this year.$8.86$0.12$8.74$3.40$2.32$1.09
2022Detailed filing. Detailed filing data is available for this year.$6.75$0.10$6.65$4.89$3.47$1.42
2021Detailed filing. Detailed filing data is available for this year.$5.34$0.11$5.23$2.44$4.68$2.24
2020Detailed filing. Detailed filing data is available for this year.$9.50$2.64$6.87$2.59$2.02$0.57
2019Detailed filing. Detailed filing data is available for this year.$9.32$2.92$6.40$2.43$1.82$0.61
2018Detailed filing. Detailed filing data is available for this year.$9.85$3.67$6.18$2.29$2.38$0.08
2017Detailed filing. Detailed filing data is available for this year.$9.92$3.66$6.26$2.58$2.05$0.52
2016Detailed filing. Detailed filing data is available for this year.$9.84$4.10$5.74$2.11$1.89$0.22
2015Detailed filing. Detailed filing data is available for this year.$9.47$4.04$5.42$2.15$1.88$0.27
2014Detailed filing. Detailed filing data is available for this year.$5.28$0.12$5.15$2.84$2.08$0.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.12$4.39$4.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.07$3.69$1.43
2011Summary only. Only limited summary data is available for this year.$3.22$0.05$3.17$2.64$1.83$0.81