Civic Intelligence

Innovate Anderson

EIN 57-0981427 • 501(c)4 • Anderson, SC

Profile

To promote development of anderson county south carolina through marketing, education, and tourism for the purpose of economic development focused on job creation and capital investment.

1720 North Main StreetAnderson, SC 29621

www.innovateanderson.com

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.00x

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

9th percentile

-29%

Higher net margin than 9% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

35th percentile

0.3%

Faster asset growth than 35% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

257%

Faster revenue growth than 96% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$1,213,569

Up $3,104 (+0.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,213,569

Up $3,104 (+0.3%) from 2023

Operations
Liabilities / Revenue30th percentileNet Margin9th percentile

Revenue

Up

$86,578

Up $62,340 (+257%) from 2023

Expenses

Up

$111,796

Up $31,112 (+39%) from 2023

Net Income

Up

-$25,218

Up $31,228 (+55%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,938,087Liabilities 2011: $0Net Assets 2011: $1,938,0872011Assets 2012: $1,896,452Liabilities 2012: $0Net Assets 2012: $1,896,4522012Assets 2013: $1,925,443Liabilities 2013: $0Net Assets 2013: $1,925,4432013Assets 2014: $2,236,251Liabilities 2014: $282,247Net Assets 2014: $1,954,0042014Assets 2015: $2,093,430Liabilities 2015: $0Net Assets 2015: $2,093,4302015Assets 2016: $2,134,898Liabilities 2016: $0Net Assets 2016: $2,134,8982016Assets 2017: $2,062,007Liabilities 2017: $0Net Assets 2017: $2,062,0072017Assets 2018: $1,246,922Liabilities 2018: $0Net Assets 2018: $1,246,9222018Assets 2019: $1,186,581Liabilities 2019: $0Net Assets 2019: $1,186,5812019Assets 2020: $1,327,208Liabilities 2020: $0Net Assets 2020: $1,327,2082020Assets 2021: $1,437,530Liabilities 2021: $0Net Assets 2021: $1,437,5302021Assets 2022: $1,150,890Liabilities 2022: $0Net Assets 2022: $1,150,8902022Assets 2023: $1,210,465Liabilities 2023: $0Net Assets 2023: $1,210,4652023Assets 2024: $1,213,569Liabilities 2024: $0Net Assets 2024: $1,213,5692024

Highlighted filing

2024

Assets$1,213,569
Liabilities$0
Net Assets$1,213,569
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.0M$500K$0-$500K-$1.0MExpenses 2011: $497,4942011Revenue 2012: $500,373Expenses 2012: $542,008Net Income 2012: -$41,6352012Revenue 2013: $497,366Expenses 2013: $468,375Net Income 2013: $28,9912013Revenue 2014: $736,883Expenses 2014: $708,322Net Income 2014: $28,5612014Revenue 2015: $864,114Expenses 2015: $724,688Net Income 2015: $139,4262015Revenue 2016: $582,066Expenses 2016: $540,598Net Income 2016: $41,4682016Revenue 2017: $273,691Expenses 2017: $346,582Net Income 2017: -$72,8912017Revenue 2018: -$672,327Expenses 2018: $142,758Net Income 2018: -$815,0852018Revenue 2019: $14,738Expenses 2019: $75,079Net Income 2019: -$60,3412019Revenue 2020: $32,952Expenses 2020: $143,139Net Income 2020: -$110,1872020Revenue 2021: $158,071Expenses 2021: $142,735Net Income 2021: $15,3362021Revenue 2022: $130,897Expenses 2022: $111,933Net Income 2022: $18,9642022Revenue 2023: $24,238Expenses 2023: $80,684Net Income 2023: -$56,4462023Revenue 2024: $86,578Expenses 2024: $111,796Net Income 2024: -$25,2182024

Highlighted filing

2024

Revenue$86,578
Expenses$111,796
Net Income-$25,218
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,213,569
Liabilities
$0
Net assets
$1,213,569
Revenue
$86,578
Expenses
$111,796
Net income
-$25,218
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.09$0.11$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.02$0.08$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.13$0.11$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.16$0.14$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.03$0.14$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.01$0.08$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.67$0.14$0.82
2017Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.27$0.35$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.58$0.54$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$0.86$0.72$0.14
2014Detailed filing. Detailed filing data is available for this year.$2.24$0.28$1.95$0.74$0.71$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$0.50$0.47$0.03
2012Summary only. Only limited summary data is available for this year.$1.90$0.00$1.90$0.50$0.54$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.00$1.94$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 18, 2025
Return Version
2024v5.0
Gross Receipts
$670,537
Mission and Program Overview

Mission

To promote development of anderson county south carolina through marketing, education, and tourism for the purpose of economic development focused on job creation and capital investment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,181,715$1,189,855▲ $8,140
Cash and Non-Interest-Bearing Accounts$28,750$23,714▼ $5,036
Total Assets$1,210,465$1,213,569▲ $3,104
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,210,465$1,213,569▲ $3,104
Total Net Assets Fund Balance$1,210,465$1,213,569▲ $3,104
Total Liabilities and Net Assets / Fund Balance$1,210,465$1,213,569▲ $3,104
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Mike WoolesInd ConsultaFT$60,365$60,365

Board Members and Trustees

NameTitle
Terence V RobertsChairman
Joey NimmerBoard Member
Robert WilsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$86,578
Other Revenue
$0
Change in Net Assets
$-25,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,796
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$42,256$18,109-$60,365
Fees for Service Investment Mgmnt Fees-$10,672-$10,672
Fees for Services Accounting-$8,426-$8,426
Insurance-$2,288-$2,288
Fees for Services Legal-$455-$455
Information Technology-$291-$291
Office Expenses-$195-$195
Other Expenses$20,300$50-$50
Total Functional Expenses$62,556$49,240$0$111,796
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“Mike wooles 123 sea palms dr anderson, sc 29621”

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

“Form 990 was reviewed by the chairman, vice chairman, treasurer and secretary, and is made available to all board of directors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Innovate Anderson
EIN
57-0981427
Phone
8642325588
Address
1720 NORTH MAIN STREET, ANDERSON, SC 29621

Signing Officer

Name
Robert Wilson
Title
Treasurer
Phone
8642601061
Signed
2025-08-18

Organization Details

Principal Officer
Robert Wilson
Formed
1993
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Argo and Associates Llp
Address
303 E CALHOUN ST, ANDERSON, SC 29621-5540
Preparer
Varada a Ogale
Phone
8642267202
Raw XML Appendix259 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MIKE WOOLES 123 SEA PALMS DR ANDERSON, SC 29621
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS REVIEWED BY THE CHAIRMAN, VICE CHAIRMAN, TREASURER AND SECRETARY, AND IS MADE AVAILABLE TO ALL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-18
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ReturnHeader/ReturnTs02025-08-19T15:11:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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No mirrored PDF or thumbnail assets are attached yet.