South Carolina I-77 Alliance
- Assets
- $4.4m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Richburg, SC
- Founding
- 10/2014
- Data as of
- 06/2021
- EIN
- 46-3837696
Organization Overview
South Carolina I-77 Alliance is located in Richburg, SC. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina I-77 Alliance 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 06/2021, South Carolina I-77 Alliance generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $5.5m during the year ending 06/2021. While expenses have increased by 25.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ALLIANCE SEEKS TO ATTRACT INVESTMENT, NEW COMMERCE, AND HIGH-QUALITY JOBS TO FOUR COUNTIES ALONG THE I-77 CORRIDOR OF SOUTH CAROLINA. THE SOLE MISSION OF THE ALLIANCE IS TO POSITION AND MARKET CHESTER, FAIRFIELD, LANCASTER, RICHLAND, AND YORK COUNTIES AS A WORLD-CLASS BUSINESS LOCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING TRIPS TO MEET WITH PROSPECTIVE COMPANIES FACE-TO-FACE.
ELECTRONIC MARKETING AND ADVERTISING PLAN IMPLEMENTED
LEAD GENERATION SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Pearce President & CEO | Officer | 40 | $155,575 |
Matt Dosch Board Chair | Officer | 1 | $0 |
Charlene Mcgriff Board Vice Chair | Officer | 1 | $0 |
John Cadena Executive Committee | Trustee | 1 | $0 |
Brad Caulder Director | Trustee | 1 | $0 |
Doug Payne Executive Committee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $187,287 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,440,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $828,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,456,178 |
| Total Program Service Revenue | $0 |
| Investment income | $7,533 |
| 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 | $6,505,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,622 |
| Pension plan accruals and contributions | $44,823 |
| Other employee benefits | $15,060 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $180,231 |
| Office expenses | $191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,382 |
| Travel | $1,219 |
| 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 | $4,655 |
| Insurance | $482 |
| All other expenses | $2,880 |
| Total functional expenses | $5,466,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,346,470 |
| 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 | $5,292 |
| Net Land, buildings, and equipment | $9,940 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,361,702 |
| Accounts payable and accrued expenses | $38,860 |
| 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 | $38,860 |
| Net assets without donor restrictions | $1,772,222 |
| Net assets with donor restrictions | $2,550,620 |
| 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 | $4,361,702 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Carolina I-77 Alliance has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: ECONOMIC DEVELOPMENT | $25,000 |
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 |