North Eastern Stragetic Alliance Inc
- Assets
- $932.6k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Florence, SC
- Founding
- 07/2003
- Data as of
- 06/2022
- EIN
- 30-0128034
Organization Overview
North Eastern Stragetic Alliance Inc is located in Florence, SC. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, North Eastern Stragetic Alliance Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Eastern Stragetic Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, North Eastern Stragetic Alliance Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE ECONOMIC DEVELOPMENT IN THE NORTHEASTERN REGION OF SOUTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE ECONOMIC DEVELOPMENT IN THE NORTHEASTERN REGION OF SOUTH CAROLINA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mckay Executive Director | Officer | 40 | $65,036 |
Yancey Mcgill Chairman | OfficerTrustee | 2 | $0 |
Senator Kent M Williams Director/exec. Comm. | Trustee | 2 | $0 |
Luke Rankin Director/exec. Comm. | Trustee | 2 | $0 |
Dr Fred Carter Director/exec. Comm. | Trustee | 2 | $0 |
Drmichael Benson Director/exec.comm. | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $790,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,282,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,073,101 |
| Total Program Service Revenue | $0 |
| Investment income | $361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,073,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $864,937 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $284,523 |
| Compensation of current officers, directors, key employees. | $28,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $169,045 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,808 |
| Office expenses | $11,688 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,000 |
| Travel | $3,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,083 |
| All other expenses | $242 |
| Total functional expenses | $2,016,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $932,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $932,553 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $748,830 |
| Net assets with donor restrictions | $183,723 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $932,553 |
Grants Awarded
Over the last fiscal year, North Eastern Stragetic Alliance Inc has awarded $864,937 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN COUNTY PURPOSE: COUNTY ECONOMIC DEVELOPMENT | $785,000 |
Conway, SC PURPOSE: COUNTY ECONOMIC DEVELOPMENT | $40,000 |
MARION COUNTY PURPOSE: COUNTY ECONOMIC DEVELOPMENT | $39,937 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that North Eastern Stragetic Alliance Inc has recieved totaling $44,833.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $33,333 |
Central Carolina Community Foundation Columbia, SC PURPOSE: GENERAL SUPPORT | $10,000 |
Davis Family Foundation Greenwood, SC PURPOSE: GENERAL SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
Columbia Metropolitan Convention And Visitors Bureau Columbia, SC | $6,376,262 | $4,843,981 |
Srs Community Reuse Organization Aiken, SC | $6,557,053 | $4,875,445 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Rowen Foundation Inc Lawrenceville, GA | $75,583,362 | $5,573 |
Mdc Inc Durham, NC | $4,444,816 | $5,223,210 |
Palmetto Economic Development Corp Columbia, SC | $2,291,624 | $3,424,081 |
Fayetteville Area Convention & Visitors Bureau Inc Fayetteville, NC | $1,870,197 | $2,954,828 |
Upstate South Carolina Alliance Inc Greenville, SC | $3,024,516 | $2,638,082 |