Civic Intelligence

Myrtle Beach Regional Economic Development Corporation

EIN 57-0998125 • 501(c)6 • Conway, SC

Profile

Promote, implement and support activities designed to promote economic development, diversify the economy & maintain a quality business climate.

Post Office Box 261966Conway, SC 29528

www.mbredc.org

Siviq Scores

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

Liabilities / Assets

26th percentile

0.02x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

4th percentile

-31%

Higher net margin than 4% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

8th percentile

-20%

Faster asset growth than 8% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

90th percentile

39%

Faster revenue growth than 90% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,092,625

Down $523,430 (-20%) from 2024

Liabilities

Up

$43,557

Up $31,159 (+251%) from 2024

Net Assets

Down

$2,049,068

Down $554,589 (-21%) from 2024

Revenue

Up

$1,775,619

Up $501,604 (+39%) from 2024

Expenses

Up

$2,330,208

Up $909,708 (+64%) from 2024

Net Income

Down

-$554,589

Down $408,104 (-279%) from 2024

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $641,987Liabilities 2012: $460Net Assets 2012: $641,5272012Assets 2013: $561,628Liabilities 2013: $5,443Net Assets 2013: $556,1852013Assets 2014: $596,341Liabilities 2014: $29,286Net Assets 2014: $567,0552014Assets 2015: $837,690Liabilities 2015: $19,691Net Assets 2015: $817,9992015Assets 2016: $970,257Liabilities 2016: $1,724Net Assets 2016: $968,5332016Assets 2017: $1,210,949Liabilities 2017: $10,607Net Assets 2017: $1,200,3422017Assets 2018: $1,632,564Liabilities 2018: $27,057Net Assets 2018: $1,605,5072018Assets 2019: $3,081,710Liabilities 2019: $9,455Net Assets 2019: $3,072,2552019Assets 2020: $3,668,484Liabilities 2020: $157,400Net Assets 2020: $3,511,0842020Assets 2021: $2,299,029Liabilities 2021: $20,699Net Assets 2021: $2,278,3302021Assets 2022: $2,366,684Liabilities 2022: $18,971Net Assets 2022: $2,347,7132022Assets 2023: $2,764,302Liabilities 2023: $14,160Net Assets 2023: $2,750,1422023Assets 2024: $2,616,055Liabilities 2024: $12,398Net Assets 2024: $2,603,6572024Assets 2025: $2,092,625Liabilities 2025: $43,557Net Assets 2025: $2,049,0682025

Highlighted filing

2025

Assets$2,092,625
Liabilities$43,557
Net Assets$2,049,068

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2012: $1,062,223Expenses 2012: $1,063,218Net Income 2012: -$9952012Revenue 2013: $1,090,755Expenses 2013: $1,176,097Net Income 2013: -$85,3422013Revenue 2014: $1,644,256Expenses 2014: $1,633,386Net Income 2014: $10,8702014Revenue 2015: $1,078,931Expenses 2015: $827,987Net Income 2015: $250,9442015Revenue 2016: $1,318,863Expenses 2016: $1,168,329Net Income 2016: $150,5342016Revenue 2017: $1,276,651Expenses 2017: $1,044,842Net Income 2017: $231,8092017Revenue 2018: $1,511,059Expenses 2018: $1,105,894Net Income 2018: $405,1652018Revenue 2019: $2,393,123Expenses 2019: $926,375Net Income 2019: $1,466,7482019Revenue 2020: $1,719,733Expenses 2020: $1,229,503Net Income 2020: $490,2302020Revenue 2021: $1,110,794Expenses 2021: $2,343,548Net Income 2021: -$1,232,7542021Revenue 2022: $1,152,019Expenses 2022: $1,082,636Net Income 2022: $69,3832022Revenue 2023: $2,740,436Expenses 2023: $2,338,007Net Income 2023: $402,4292023Revenue 2024: $1,274,015Expenses 2024: $1,420,500Net Income 2024: -$146,4852024Revenue 2025: $1,775,619Expenses 2025: $2,330,208Net Income 2025: -$554,5892025

Highlighted filing

2025

Revenue$1,775,619
Expenses$2,330,208
Net Income-$554,589

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.04$2.05$1.78$2.33$0.55
2024Detailed filing. Detailed filing data is available for this year.$2.62$0.01$2.60$1.27$1.42$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.76$0.01$2.75$2.74$2.34$0.40
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.02$2.35$1.15$1.08$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.30$0.02$2.28$1.11$2.34$1.23
2020Summary only. Only limited summary data is available for this year.$3.67$0.16$3.51$1.72$1.23$0.49
2019Summary only. Only limited summary data is available for this year.$3.08$0.01$3.07$2.39$0.93$1.47
2018Summary only. Only limited summary data is available for this year.$1.63$0.03$1.61$1.51$1.11$0.41
2017Summary only. Only limited summary data is available for this year.$1.21$0.01$1.20$1.28$1.04$0.23
2016Summary only. Only limited summary data is available for this year.$0.97$0.00$0.97$1.32$1.17$0.15
2015Summary only. Only limited summary data is available for this year.$0.84$0.02$0.82$1.08$0.83$0.25
2014Summary only. Only limited summary data is available for this year.$0.60$0.03$0.57$1.64$1.63$0.01
2013Summary only. Only limited summary data is available for this year.$0.56$0.01$0.56$1.09$1.18$0.09
2012Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$1.06$1.06$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,775,619
Mission and Program Overview

Mission

Promote, implement and support activities designed to promote economic development, diversify the economy & maintain a quality business climate.

Promote, implement and support activities designed to promote economic development, diversify the economy & maintain a quality business climate

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,010,382$1,058,414▼ $951,968
Cash and Non-Interest-Bearing Accounts$334,733$799,184▲ $464,451
Land, Buildings, and Equipment, Net$208,808$210,813▲ $2,005
Accounts Receivable$57,210$19,000▼ $38,210
Prepaid Expenses and Deferred Charges$4,922$5,214▲ $292
Total Assets$2,616,055$2,092,625▼ $523,430
Liabilities
Accounts Payable and Accrued Expenses$12,398$43,557▲ $31,159
Total Liabilities$12,398$43,557▲ $31,159
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,103,657$2,029,068▼ $74,589
Net Assets With Donor Restrictions$500,000$20,000▼ $480,000
Total Net Assets Fund Balance$2,603,657$2,049,068▼ $554,589
Total Liabilities and Net Assets / Fund Balance$2,616,055$2,092,625▼ $523,430

Asset Categories

AssetBook ValueDepreciationBasis
Land$208,049-$208,049
Equipment$2,764$49,404$52,168
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gregg SmithChairman
Natasha HannaVice Chairman
Barry SpiveyDirector
Gary LoftusDirector
Johnny GardnerDirector
Justin RoofDirector
Laura CrowtherDirector
Mike CoolDirector
Marilyn ForeSecretary
Mike HaggTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,714,014
Program Service Revenue
$13,650
Investment Income
$47,955
Other Revenue
$0
All Other Contributions
$20,000
Change in Net Assets
$-554,589

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,775,619
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,775,619
Total Revenue per Form 990
$1,775,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,708,023
Salaries, Compensation, and Employee Benefits$622,185
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$303,190$151,595-$454,785
Other Expenses$195,521$400,000-$195,521
All Other Expenses$123,694$27,892-$151,586
Pension Plan Contributions$49,008$24,504-$73,512
Other Employee Benefits$39,967$19,983-$59,950
Payroll Taxes$22,625$11,313-$33,938
Occupancy$16,667$8,333-$25,000
Insurance$11,259$5,629-$16,888
Travel$12,045$1,485-$13,530
Depreciation Depletion-$414-$414
Total Functional Expenses$1,679,060$651,148$0$2,330,208

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,330,208
Total Expenses per Audited Statements$2,330,208
Total Expenses per Form 990$2,330,208
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization's treasurer reviewed the prepared form 990 before it was filed.

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

The executive committee monitors compliance with the conflict of interest policy throughout the year. Failure to comply with the conflict of interest policy would result in a persons removal from the organization.

Form 990, Part VI, Section C, Line 19

This information is made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Myrtle Beach Regional Economic
EIN
57-0998125
Phone
8433474604
Address
POST OFFICE BOX 261966, CONWAY, SC 29528

Signing Officer

Name
Sandy Davis
Title
President & CEO
Phone
8433474604
Signed
2025-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg Smith
Formed
1994
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
0

Preparer

Firm
Smith Sapp
Address
4728 JENN DR SUITE 100, MYRTLE BEACH, SC 29577
Preparer
David C Dekleva CPA
Phone
8434488334
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation is a nonprofit corporation as described in section 501(c)(6) of the united states internal revenue code and is exempt from federal and state income taxes. Accounting standards prescribe when to recognize and how to measure the effects of tax positions taken or expected to be taken. In order to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. To the extent that all or a portion of a tax position is not recognized, a liability would be recognized for the unrecognized benefits. As of june 30, 2025, management has determined that the corporation does not have any material unrecognized tax benefits.

Raw XML Appendix385 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt012398
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt043557
IRS990/AccountsReceivableGrp/BOYAmt057210
IRS990/AccountsReceivableGrp/EOYAmt019000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROMOTE, IMPLEMENT AND SUPPORT ACTIVITIES DESIGNED TO PROMOTE ECONOMIC DEVELOPMENT, DIVERSIFY THE ECONOMY & MAINTAIN A QUALITY BUSINESS CLIMATE
IRS990/AllOtherContributionsAmt020000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt027892
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0123694
IRS990/AllOtherExpensesGrp/TotalAmt0151586
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08433474604
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0POST OFFICE BOX 261966
IRS990/BooksInCareOfDetail/USAddress/CityNm0CONWAY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029528
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0334733
IRS990/CashNonInterestBearingGrp/EOYAmt0799184
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01714014
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt047955
IRS990/CYOtherExpensesAmt01708023
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt013650
IRS990/CYRevenuesLessExpensesAmt0-554589
IRS990/CYSalariesCompEmpBnftPaidAmt0622185
IRS990/CYTotalExpensesAmt02330208
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01775619
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0414
IRS990/DepreciationDepletionGrp/TotalAmt0414
IRS990/Desc0PROMOTED THE ECONOMIC DEVELOPMENT OF HORRY COUNTY,THE DIVERSIFICATION OF THE LOCAL ECONOMY AND MAINTAINING A QUALITY BUSINESS CLIMATE.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0500000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt020000
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt01679060
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
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/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0GREGG SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm1NATASHA HANNA
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE HAGG
IRS990/Form990PartVIISectionAGrp/PersonNm3MARILYN FORE
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHNNY GARDNER
IRS990/Form990PartVIISectionAGrp/PersonNm5GARY LOFTUS
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE COOL
IRS990/Form990PartVIISectionAGrp/PersonNm7BARRY SPIVEY
IRS990/Form990PartVIISectionAGrp/PersonNm8LAURA CROWTHER
IRS990/Form990PartVIISectionAGrp/PersonNm9JUSTIN ROOF
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/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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt01287380
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01775619
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05629
IRS990/InsuranceGrp/ProgramServicesAmt011259
IRS990/InsuranceGrp/TotalAmt016888
IRS990/InvestmentIncomeGrp/ExclusionAmt047955
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt047955
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt049404
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0208808
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0210813
IRS990/LandBldgEquipCostOrOtherBssAmt0260217
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0406634
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE, IMPLEMENT AND SUPPORT ACTIVITIES DESIGNED TO PROMOTE ECONOMIC DEVELOPMENT, DIVERSIFY THE ECONOMY & MAINTAIN A QUALITY BUSINESS CLIMATE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02603657
IRS990/NetAssetsOrFundBalancesEOYAmt02049068
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02103657
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02029068
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08333
IRS990/OccupancyGrp/ProgramServicesAmt016667
IRS990/OccupancyGrp/TotalAmt025000
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019983
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039967
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059950
IRS990/OtherExpensesGrp/Desc0RECRUITMENT
IRS990/OtherExpensesGrp/Desc1GRANT REPAYMENT
IRS990/OtherExpensesGrp/Desc2BUSINESS MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3MARKETING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0400000
IRS990/OtherExpensesGrp/ProgramServicesAmt0698900
IRS990/OtherExpensesGrp/ProgramServicesAmt1206184
IRS990/OtherExpensesGrp/ProgramServicesAmt2195521
IRS990/OtherExpensesGrp/TotalAmt0698900
IRS990/OtherExpensesGrp/TotalAmt1400000
IRS990/OtherExpensesGrp/TotalAmt2206184
IRS990/OtherExpensesGrp/TotalAmt3195521
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0151595
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0303190
IRS990/OtherSalariesAndWagesGrp/TotalAmt0454785
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011313
IRS990/PayrollTaxesGrp/ProgramServicesAmt022625
IRS990/PayrollTaxesGrp/TotalAmt033938
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt024504
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt049008
IRS990/PensionPlanContributionsGrp/TotalAmt073512
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04922
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05214
IRS990/PrincipalOfficerNm0GREGG SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0INDUSTRY AWARENESS DEV
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013650
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01191798
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt068070
IRS990/PYOtherExpensesAmt0866776
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt014147
IRS990/PYRevenuesLessExpensesAmt0-146485
IRS990/PYSalariesCompEmpBnftPaidAmt0553724
IRS990/PYTotalExpensesAmt01420500
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01274015
IRS990/ReconcilationRevenueExpnssAmt0-554589
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02010382
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01058414
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02764
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049404
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052168
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02330208
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0208049
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0208049
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01775619
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(6) OF THE UNITED STATES INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCOUNTING STANDARDS PRESCRIBE WHEN TO RECOGNIZE AND HOW TO MEASURE THE EFFECTS OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. IN ORDER TO BE RECOGNIZED, A TAX POSITION MUST BE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. TO THE EXTENT THAT ALL OR A PORTION OF A TAX POSITION IS NOT RECOGNIZED, A LIABILITY WOULD BE RECOGNIZED FOR THE UNRECOGNIZED BENEFITS. AS OF JUNE 30, 2025, MANAGEMENT HAS DETERMINED THAT THE CORPORATION DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0210813
IRS990ScheduleD/TotalExpensesPerForm990Amt02330208
IRS990ScheduleD/TotalRevenuePerForm990Amt01775619
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01775619
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02330208
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S TREASURER REVIEWED THE PREPARED FORM 990 BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE COMMITTEE MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGHOUT THE YEAR. FAILURE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY WOULD RESULT IN A PERSONS REMOVAL FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS INFORMATION IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02616055
IRS990/TotalAssetsEOYAmt02092625
IRS990/TotalAssetsGrp/BOYAmt02616055
IRS990/TotalAssetsGrp/EOYAmt02092625
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01714014
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0651148
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01679060
IRS990/TotalFunctionalExpensesGrp/TotalAmt02330208
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012398
IRS990/TotalLiabilitiesEOYAmt043557
IRS990/TotalLiabilitiesGrp/BOYAmt012398
IRS990/TotalLiabilitiesGrp/EOYAmt043557
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02603657
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02049068
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01679060
IRS990/TotalProgramServiceRevenueAmt013650
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt047955
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013650
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01775619
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02616055
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02092625
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01485
IRS990/TravelGrp/ProgramServicesAmt012045
IRS990/TravelGrp/TotalAmt013530
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0POST OFFICE BOX 261966
IRS990/USAddress/CityNm0CONWAY
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029528
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.MBREDC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDY DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08433474604
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MYRTLE BEACH REGIONAL ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MYRT
ReturnHeader/Filer/EIN0570998125
ReturnHeader/Filer/PhoneNum08433474604
ReturnHeader/Filer/USAddress/AddressLine1Txt0POST OFFICE BOX 261966
ReturnHeader/Filer/USAddress/CityNm0CONWAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029528
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570801130
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH SAPP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04728 JENN DR SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MYRTLE BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029577
ReturnHeader/PreparerPersonGrp/PhoneNum08434488334
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID C DEKLEVA CPA
ReturnHeader/ReturnTs02025-09-16T12:11:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.