Civic Intelligence

Palmetto Development Group

990EZ • Fiscal year 2018 • EIN 58-2309026

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 09, 2018

Organization ProfileWWW.PALMETTODEVELOPMENTGROUP.ORG
1170 Russell StreetOrangeburg, SC 29115

(803) 463-2442

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

93rd percentile

54%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Revenue Growth

59th percentile

6.7%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$27,132

Up $113,860 (+131%) from 2017

Net Assets

$27,132

No earlier filing loaded for comparison.

Liabilities

Up

$0

Up $86,728 (+100%) from 2017

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin93rd percentile

Revenue

Up

$42,476

Up $2,650 (+6.7%) from 2017

Expenses

Down

$19,457

Down $18,226 (-48%) from 2017

Net Income

Up

$23,019

Up $20,876 (+974%) from 2017

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$100K$50K$0-$50K-$100KAssets 2011: -$25,274Liabilities 2011: $02011Assets 2012: $51,607Liabilities 2012: $34,500Net Assets 2012: $17,1072012Assets 2013: -$67,895Liabilities 2013: $0Net Assets 2013: -$67,8952013Assets 2014: -$83,317Liabilities 2014: $0Net Assets 2014: -$83,3172014Assets 2015: -$91,411Liabilities 2015: -$91,410Net Assets 2015: $02015Assets 2016: -$89,911Liabilities 2016: -$89,9112016Assets 2017: -$86,728Liabilities 2017: -$86,7282017Assets 2018: $27,132Liabilities 2018: $0Net Assets 2018: $27,1322018

Highlighted filing

2018

Assets$27,132
Liabilities$0
Net Assets$27,132
Open 2018 Filing

Operations Trend

Revenue Growth59th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $54,036Expenses 2011: $54,036Net Income 2011: $02011Revenue 2012: $240,303Expenses 2012: $241,203Net Income 2012: -$9002012Revenue 2013: $245,750Expenses 2013: $245,750Net Income 2013: $02013Revenue 2014: $98,661Expenses 2014: $98,661Net Income 2014: $02014Revenue 2015: $63,196Expenses 2015: $71,290Net Income 2015: -$8,0942015Revenue 2016: $99,981Expenses 2016: $94,849Net Income 2016: $5,1322016Revenue 2017: $39,826Expenses 2017: $37,683Net Income 2017: $2,1432017Revenue 2018: $42,476Expenses 2018: $19,457Net Income 2018: $23,0192018

Highlighted filing

2018

Revenue$42,476
Expenses$19,457
Net Income$23,019
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 9, 2018
Return Version
2017v2.3
Gross Receipts
$42,476
Mission and Program Overview

Mission

To expand economic development throughout south carolina

Program Services

DescriptionGrantsExpenses
WE CONTINUED TO PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESS IN SC AND WE ALSO CONTINUED TO PROVIDE OFFICE SPACE TO SMALL BUSINESS IF NEEDED.-$19,457
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE KELLYChairman-$0--
JIM JOHNSONSecretary-$0--
BRENDA WILLIAMSMember-$0--
YVONNE CRUMMember-$0--
FRANK RICHARDSONMember-$0--
CURTIS B CARTERMember-$0--
Filing and Contact Details

Filer

Filer Name
Palmetto Development Group
EIN
58-2309026
Phone
8034632442
Address
1170 RUSSELL STREET, ORANGEBURG, SC 29115

Signing Officer

Name
Frank Richardson
Title
Member
Phone
8034632442
Signed
2018-04-09

Preparer

Firm
Love Bailey & Associates LLC
Address
218 W LAURENS ST, LAURENS, SC 29360
Preparer
Gary Bailey
Phone
8649842698
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses 1,302 42 94 taxes & licenses 3,666 bank charges 36 total 5,140”

Raw XML Appendix129 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0JULIE A DIXON
IRS990EZ/BooksInCareOfDetail/PhoneNum08034632442
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01170 RUSSELL STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ORANGEBURG
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd029115
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt04113
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt027132
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt042476
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt023019
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05550
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt04113
IRS990EZ/Form990TotalAssetsGrp/EOYAmt027132
IRS990EZ/GrossReceiptsAmt042476
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt04113
IRS990EZ/NetAssetsOrFundBalancesEOYAmt027132
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt04113
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt027132
IRS990EZ/OccupancyRentUtltsAndMaintAmt05452
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MIKE KELLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JIM JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BRENDA WILLIAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3YVONNE CRUM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4FRANK RICHARDSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CURTIS B CARTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt05140
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO EXPAND ECONOMIC DEVELOPMENT THROUGHOUT SOUTH CAROLINA
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0WE CONTINUED TO PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESS IN SC AND WE ALSO CONTINUED TO PROVIDE OFFICE SPACE TO SMALL BUSINESS IF NEEDED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt019457
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt03315
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt019457
IRS990EZ/TotalProgramServiceExpensesAmt019457
IRS990EZ/TotalRevenueAmt042476
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.PALMETTODEVELOPMENTGROUP.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt042476
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt042476
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt042476
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt042476
IRS990ScheduleA/Total509Grp/TotalAmt042476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt042476
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt042476
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES 1,302 42 94 TAXES & LICENSES 3,666 BANK CHARGES 36 TOTAL 5,140
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK RICHARDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum08034632442
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALMETTO DEVELOPMENT GROUP
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0582309026
ReturnHeader/Filer/PhoneNum08034632442
ReturnHeader/Filer/USAddress/AddressLine1Txt01170 RUSSELL STREET
ReturnHeader/Filer/USAddress/CityNm0ORANGEBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029115
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DC86732EF273B62E3C49538B708C8FF77571E1FC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03AD3FFC3AE8FEB5E990875D15DFDA41EDC1072FF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02019-04-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:04:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274292646
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOVE BAILEY & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0218 W LAURENS ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAURENS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029360
ReturnHeader/PreparerPersonGrp/PhoneNum08649842698
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY BAILEY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-04-15T09:04:43-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,132
Liabilities
$0
Net assets
$27,132
Revenue
$42,476
Expenses
$19,457
Net income
$23,019
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.42$0.19$0.23
2017Summary only. Only limited summary data is available for this year.$0.87$0.87$0.40$0.38$0.02
2016Summary only. Only limited summary data is available for this year.$0.90$0.90$1.00$0.95$0.05
2015Summary only. Only limited summary data is available for this year.$0.91$0.91$0.00$0.63$0.71$0.08
2014Summary only. Only limited summary data is available for this year.$0.83$0.00$0.83$0.99$0.99$0.00
2013Summary only. Only limited summary data is available for this year.$0.68$0.00$0.68$2.46$2.46$0.00
2012Summary only. Only limited summary data is available for this year.$0.52$0.35$0.17$2.40$2.41$0.01
2011Summary only. Only limited summary data is available for this year.$0.25$0.00$0.54$0.54$0.00