Uptown Greenwood Local Development Corporation
- Assets
- $392.2k
- Revenue
- $241.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood, SC
- Founding
- 07/1982
- Data as of
- 12/2022
- EIN
- 57-0720699
Organization Overview
Uptown Greenwood Local Development Corporation is located in Greenwood, SC. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Uptown Greenwood Local Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Uptown Greenwood Local Development Corporation generated $241.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $227.8k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS DEVELOPMENT AND PROMOTION OF THE UPTOWN BUSINESS DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVAL OF DISCOVERY EVENT TO GENERATE RETAIL TRAFFIC IN THE UPTOWN AREA & INCREASE AWARENESS OF BUSINESSES IN THE AREA. ALMOST 90 TEAMS FROM AROUND THE COUNTRY PARTICIPATE IN THE EVENT & BRING OVER 40,000 PEOPLE INTO THE UPTOWN AREA.
ADVERTISING OF THE BUSINESSES THAT OPERATE IN THE UPTOWN AREA & TO HELP OFFSET THE NEGATIVE IMPACT OF INFLATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara Hudson Uptown Manager | Officer | 37.5 | $46,357 |
Lesley Lane President | OfficerTrustee | 0.14 | $0 |
Laura Bachinski Vice-President | OfficerTrustee | 0.14 | $0 |
Joel Ridings Secretary | OfficerTrustee | 0.14 | $0 |
Justin Porter Board Member | Trustee | 0.14 | $0 |
Kay Self Board Member | Trustee | 0.14 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,945 |
| Total Program Service Revenue | $111,163 |
| Investment income | $4,143 |
| 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 | $241,251 |
| 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. | $42,581 |
| Compensation of current officers, directors, key employees. | $21,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $6,757 |
| Other employee benefits | $10,665 |
| Payroll taxes | $2,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,354 |
| Advertising and promotion | $9,453 |
| Office expenses | $1,027 |
| Information technology | $3,600 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $447 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $800 |
| All other expenses | $0 |
| Total functional expenses | $227,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,897 |
| Savings and temporary cash investments | $144,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $31,837 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $31,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $392,227 |
| Accounts payable and accrued expenses | $5,819 |
| Grants payable | $0 |
| Deferred revenue | $156,137 |
| 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 | $161,956 |
| Net assets without donor restrictions | $230,271 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $392,227 |