Employers Network
- Assets
- $790.0k
- Revenue
- $407.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Spartanburg, SC
- Founding
- 08/1961
- Data as of
- 06/2021
- EIN
- 57-0403174
Organization Overview
Employers Network is located in Spartanburg, SC. The organization was established in 1961. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Employers Network employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employers Network is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Employers Network generated $407.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $377.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AID EMPLOYERS IN THE DEVELOPMENT AND PRESERVATION OF A HEALTHY ECONOMIC CLIMATE THROUGH THE PROMOTION OF SOUND MANAGEMENT PRACTICES AND ENLIGHTENED EMPLOYER/EMPLOYEE RELATIONS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADDRESSING CURRENT MANAGEMENT AND COMMUNITY INTEREST AND TRAINING NEEDS BY HOLDING TRAINING SESSIONS FOR MEMBERS.
HOLDING SPECIAL CONFERENCES AND MEMBER FUNCTIONS TO ADDRESS CURRENT MANAGEMENT AND COMMUNITY INTEREST.
PROVIDING MEMBERS WITH USEFUL EMPLOYMENT-RELATED INFORMATION THROUGH VARIOUS PUBLICATIONS.
FACILITIES INCOME FROM ORGANIZATIONAL CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Revels President | OfficerTrustee | 40 | $126,527 |
Beverly Ramsey Director | Trustee | 0 | $0 |
Christopher Blickle Director | Trustee | 0 | $0 |
Steve Feamster Director | Trustee | 0 | $0 |
Parkes Coggins Director | Trustee | 0 | $0 |
Andrew Dobson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,674 |
| Investment income | $115 |
| 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 | $407,192 |
| Statement of Expenses | |
|---|---|
| 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. | $126,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,947 |
| Pension plan accruals and contributions | $5,045 |
| Other employee benefits | $1,496 |
| Payroll taxes | $9,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,369 |
| Travel | $1,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,019 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,564 |
| Insurance | $2,547 |
| All other expenses | $0 |
| Total functional expenses | $377,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,154 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,762 |
| 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 | $750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,970 |
| Total assets | $790,001 |
| Accounts payable and accrued expenses | $27,334 |
| Grants payable | $0 |
| Deferred revenue | $96,681 |
| 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 | $229,970 |
| Total liabilities | $353,985 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $436,016 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Self Help Ventures Fund Durham, NC | $1,059,061,327 | $60,531,771 |
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Catawba Regional Council Of Governments Rock Hill, SC | $18,118,741 | $10,188,786 |
Metanoia North Charleston, SC | $10,676,090 | $4,102,984 |
Forward Cities Inc Durham, NC | $1,196,373 | $2,460,187 |
Industrial Commons Morganton, NC | $6,060,975 | $4,558,553 |
Partners In Ministry Laurinburg, NC | $1,633,972 | $2,541,350 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
University City Partners Inc Charlotte, NC | $2,214,433 | $1,919,928 |
South Carolina Association For Community Economic Development Charleston, SC | $1,162,743 | $1,317,378 |
Pitt County Committee Of 100 Inc Greenville, NC | $5,005,842 | $1,536,150 |
Climb Fund Charleston, SC | $28,483,157 | $3,819,413 |