Civic Intelligence

Beaufort Digital Corridor

EIN 81-4210441 • 501(c)6 • Beaufort, SC

Profile

The bdc is a business development effort by the city of beaufort to attract, nurture, and promote tech and tech-related companies. The corridor team, comprised of relevant participants in the private and public sector, is positioned to serve the business community as a portal to government, infrastructure, real estate, professional resources, capital and education. The team's overriding goal is to offer tangible resources to tech and tech-related companies.

500 Carteret St Suite DBeaufort, SC 29902

www.beaufortdigital.com

Siviq Scores

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

Liabilities / Assets

61st percentile

0.02x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.01x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

47th percentile

-0.4%

Higher net margin than 47% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

47th percentile

-2.5%

Faster asset growth than 47% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

79%

Faster revenue growth than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$50,599

Down $85,334 (-63%) from 2023

Liabilities

Up

$3,907

Up $332 (+9.3%) from 2023

Net Assets

Down

$46,692

Down $85,666 (-65%) from 2023

Operations
Liabilities / Revenue56th percentileNet Margin47th percentile

Revenue

Down

$193,470

Down $173,627 (-47%) from 2023

Expenses

Down

$279,136

Down $54,157 (-16%) from 2023

Net Income

Down

-$85,666

Down $119,470 (-353%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

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

$300K$200K$100K$0-$100K-$200KAssets 2017: $44,059Liabilities 2017: $101,074Net Assets 2017: -$57,0152017Assets 2018: $98,416Liabilities 2018: $201,350Net Assets 2018: -$102,9342018Assets 2019: $55,398Liabilities 2019: $202,305Net Assets 2019: -$146,9072019Assets 2020: $78,051Liabilities 2020: $2,469Net Assets 2020: $75,5822020Assets 2021: $93,833Liabilities 2021: $2,810Net Assets 2021: $91,0232021Assets 2022: $91,533Liabilities 2022: $1,700Net Assets 2022: $89,8332022Assets 2023: $135,933Liabilities 2023: $3,575Net Assets 2023: $132,3582023Assets 2024: $50,599Liabilities 2024: $3,907Net Assets 2024: $46,6922024

Highlighted filing

2024

Assets$50,599
Liabilities$3,907
Net Assets$46,692
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

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

$400K$200K$0-$200KRevenue 2017: $60,050Expenses 2017: $117,065Net Income 2017: -$57,0152017Revenue 2018: $112,693Expenses 2018: $158,612Net Income 2018: -$45,9192018Revenue 2019: $100,781Expenses 2019: $144,754Net Income 2019: -$43,9732019Revenue 2020: $379,875Expenses 2020: $169,902Net Income 2020: $209,9732020Revenue 2021: $167,035Expenses 2021: $151,594Net Income 2021: $15,4412021Revenue 2022: $298,893Expenses 2022: $300,085Net Income 2022: -$1,1922022Revenue 2023: $367,097Expenses 2023: $333,293Net Income 2023: $33,8042023Revenue 2024: $193,470Expenses 2024: $279,136Net Income 2024: -$85,6662024

Highlighted filing

2024

Revenue$193,470
Expenses$279,136
Net Income-$85,666
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$50,599
Liabilities
$3,907
Net assets
$46,692
Revenue
$193,470
Expenses
$279,136
Net income
-$85,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.51$0.04$0.47$1.93$2.79$0.86
2023Detailed filing. Detailed filing data is available for this year.$1.36$0.04$1.32$3.67$3.33$0.34
2022Detailed filing. Detailed filing data is available for this year.$0.92$0.02$0.90$2.99$3.00$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.94$0.03$0.91$1.67$1.52$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.78$0.02$0.76$3.80$1.70$2.10
2019Detailed filing. Detailed filing data is available for this year.$0.55$2.02$1.47$1.01$1.45$0.44
2018Detailed filing. Detailed filing data is available for this year.$0.98$2.01$1.03$1.13$1.59$0.46
2017Detailed filing. Detailed filing data is available for this year.$0.44$1.01$0.57$0.60$1.17$0.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 3, 2025
Return Version
2023v6.0
Gross Receipts
$208,590
Mission and Program Overview

Mission

The bdc is a business development effort by the city of beaufort to attract, nurture, and promote tech and tech-related companies. The corridor team, comprised of relevant participants in the private and public sector, is positioned to serve the business community as a portal to government, infrastructure, real estate, professional resources, capital and education. The team's overriding goal is to offer tangible resources to tech and tech-related companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,052$41,755▼ $34,297
Accounts Receivable$55,000$4,404▼ $50,596
Prepaid Expenses and Deferred Charges$2,193$3,418▲ $1,225
Land, Buildings, and Equipment, Net$2,688$1,022▼ $1,666
Total Assets$135,933$50,599▼ $85,334
Liabilities
Escrow Account Liability$1,600$2,200▲ $600
Accounts Payable and Accrued Expenses$1,975$1,707▼ $268
Total Liabilities$3,575$3,907▲ $332
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$132,358$46,692▼ $85,666
Total Net Assets Fund Balance$132,358$46,692▼ $85,666
Total Liabilities and Net Assets / Fund Balance$135,933$50,599▼ $85,334

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,022$7,745$8,767
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
JESSICA O'BRIENExec DirectorFT$78,373$78,373

Board Members and Trustees

NameTitle
Melissa VenableBoard Chairman
Chris RobinsonVice Chairman
Jason LoiaBoard Member
Joe FloydBoard Member
Jeannine McconnellSecretary
Rich ConteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$125,708
Program Service Revenue
$46,941
Investment Income
$56
Other Revenue
$20,765
All Other Contributions
$16,943
Change in Net Assets
$-85,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,485
Salaries, Compensation, and Employee Benefits$132,651
Total Fundraising Expense$40,777
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,148$23,938$35,884$120,970
Occupancy$30,691$649-$31,340
Conferences and Meetings$23,434$1,309-$24,743
Fees for Services Accounting-$15,785$1,125$16,910
Advertising$10,711$67-$10,778
Fees for Services Other$8,793$1,480-$10,273
Payroll Taxes$4,505$1,718$2,462$8,685
Other Expenses$4,587$762$270$5,349
All Other Expenses$4,454$177-$4,631
Office Expenses$1,210$2,221-$3,431
Other Employee Benefits$607$1,754$635$2,996
Travel$434$1,274-$1,708
Depreciation Depletion$1,668--$1,668
Information Technology$474$299$351$1,124
Fees for Services Legal-$315-$315
Total Functional Expenses$183,101$55,258$40,777$279,136
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,885
Fundraising Direct Expenses$15,120
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Race$37,885$35,885$12,280$23,605
Total Events$37,885$35,885$15,120$20,765
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
Annual disclosure for covered persons
Yes
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
Yes
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

“A copy of the 990 is provided to all voting board members prior to being filed with the irs.”

Form 990, Part VI, Section B, Line 15A

“The board evaluated the compensation of similar positions to arrive at the salary for the executive director.”

Form 990, Part VI, Section C, Line 18

“The organization provides these documents upon request to the adminstration office and the tax return is available online at www.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“The organization provides these documents upon request to the administration office.”

Filing and Contact Details

Filer

Filer Name
Beaufort Digital Corridor
EIN
81-4210441
Phone
8434703506
Address
500 CARTERET ST SUITE D, BEAUFORT, SC 29902

Signing Officer

Name
Melissa Venable
Title
Board Chairman
Phone
8434703506
Signed
2025-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Venable
Formed
2016
Legal Domicile
Sc
Voting Board Members
6
Independent Board Members
6
Employees
5
Volunteers
66

Preparer

Firm
Moss & Yantis CPA Pa
Address
PO BOX 2425, MT PLEASANT, SC 29465
Preparer
Christa Yantis CPA
Phone
8436062349
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 1B:

“Bdc maintains tenant deposits for incubator space.”

Raw XML AppendixShowing 400 of 425 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.

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IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/BusinessCd4541900
IRS990/ProgramServiceRevenueGrp/Desc0BASECAMP
IRS990/ProgramServiceRevenueGrp/Desc1CODECAMP BEAUFORT
IRS990/ProgramServiceRevenueGrp/Desc2TECHSTARS
IRS990/ProgramServiceRevenueGrp/Desc3LUNCH & LEARN
IRS990/ProgramServiceRevenueGrp/Desc4TECHCONNECT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt043741
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12081
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2644
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3275
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4130
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043741
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12081
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2644
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4130
IRS990/ProgSrvcAccomActy2Grp/Desc0THE TECHSTARS PROGRAM OPERATES ACCELERATOR PROGRAMS AND VENTURE CAPITAL FUNDS BY CONNECTING STARTUPS, INVESTORS, CORPORATIONS, AND CITIES TO HELP BUILD THRIVING STARTUP COMMUNITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt029674
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0644
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CYBER SECURITY PROGRAM PROVIDES CYBER-RELATED SUPPLIES AND SUPPORT TO THE MEMBERS IN AN EFFORT TO PROMOTE GROWTH AND FACILITATE IN THE TRAINING PROGRAMS OFFERED
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015309
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt020383
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt02556
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0307673
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0202865
IRS990/PYOtherRevenueAmt08284
IRS990/PYProgramServiceRevenueAmt051140
IRS990/PYRevenuesLessExpensesAmt033804
IRS990/PYSalariesCompEmpBnftPaidAmt0130428
IRS990/PYTotalExpensesAmt0333293
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0367097
IRS990/ReconcilationRevenueExpnssAmt0-85666
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt043741
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
IRS990ScheduleD/AdditionsDuringYearAmt0600
IRS990ScheduleD/AgentTrusteeEtcInd01
IRS990ScheduleD/BeginningBalanceAmt01600
IRS990ScheduleD/EndingBalanceAmt02200
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01022
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07745
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08767
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BDC MAINTAINS TENANT DEPOSITS FOR INCUBATOR SPACE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 1B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01022
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt02000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015120
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm05K RACE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0116
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0116
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037885
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt037885
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt035885
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt035885
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt020765
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02724
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt02724
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012280
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012280
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PROVIDED TO ALL VOTING BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD EVALUATED THE COMPENSATION OF SIMILAR POSITIONS TO ARRIVE AT THE SALARY FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES THESE DOCUMENTS UPON REQUEST TO THE ADMINSTRATION OFFICE AND THE TAX RETURN IS AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES THESE DOCUMENTS UPON REQUEST TO THE ADMINISTRATION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0135933
IRS990/TotalAssetsEOYAmt050599
IRS990/TotalAssetsGrp/BOYAmt0135933
IRS990/TotalAssetsGrp/EOYAmt050599
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0125708
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt040777
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055258
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0183101
IRS990/TotalFunctionalExpensesGrp/TotalAmt0279136
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03575
IRS990/TotalLiabilitiesEOYAmt03907
IRS990/TotalLiabilitiesGrp/BOYAmt03575
IRS990/TotalLiabilitiesGrp/EOYAmt03907
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0132358
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt046692
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt020383
IRS990/TotalOtherProgSrvcRevenueAmt02556
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt070
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt070
IRS990/TotalProgramServiceExpensesAmt0183101
IRS990/TotalProgramServiceRevenueAmt046941
IRS990/TotalReportableCompFromOrgAmt078373
IRS990/TotalRevenueGrp/ExclusionAmt020821
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt046941
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0193470
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt066
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0135933
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt050599
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01274
IRS990/TravelGrp/ProgramServicesAmt0434
IRS990/TravelGrp/TotalAmt01708
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 CARTERET STREET SUITE D
IRS990/USAddress/CityNm0BEAUFORT
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029902
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.BEAUFORTDIGITAL.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA VENABLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIRMAN

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