Florence County Progress Inc
- Assets
- $1.3m
- Revenue
- $344.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, SC
- Founding
- 06/1991
- Data as of
- 06/2021
- EIN
- 57-0762307
Organization Overview
Florence County Progress Inc is located in Florence, SC. The organization was established in 1991. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is the central organization for a national or regional group of organizations. Florence County Progress Inc 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 06/2021, Florence County Progress Inc generated $344.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $570.6k during the year ending 06/2021. 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 HELP PROMOTE, IMPLEMENT, AND SUPPORT ACTIVITIES DESIGNED TO IMPROVE THE ECONOMIC DEVELOPMENT OF FLORENCE COUNTY, SC
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTRACTION OF NEW BUSINESS TO THE FLORENCE COUNTY AREA AND ENHANCEMENT OF THE BUSINESS CLIMATE FOR EXISTING BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill D Lewis Chairman | OfficerTrustee | 0.3 | $0 |
John Bankson Treasurer | OfficerTrustee | 0.3 | $0 |
Joan S Billheimer Vice Chairman 2020 Part-Year | OfficerTrustee | 0.3 | $0 |
Jumana Swindler Vice Chairman | OfficerTrustee | 0.3 | $0 |
Frank Buzz Rogers Board Member 2020 Part-Year | Trustee | 0.3 | $0 |
Jeff Payne Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $900 |
| 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 | $344,278 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $300,403 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $570,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,736 |
| Savings and temporary cash investments | $963,103 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,000 |
| Total assets | $1,305,839 |
| 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 | $664,825 |
| Total liabilities | $664,825 |
| 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 | $641,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Concord Corporation Concord, NC | $20,714,821 | $2,358,784 |
Santee-Lynches Regional Council Of Governments Sumter, SC | $0 | $7,240,542 |
Upper Savannah Council Of Governments Greenwood, SC | $12,039,317 | $6,642,003 |
The Association Of Regulatory Boards Of Optometry Inc Charlotte, NC | $3,381,458 | $1,558,679 |
Tea Party Patriots Foundation Inc Woodstock, GA | $210,320 | $792,205 |
Clarendon Facilities Corporation Manning, SC | $10,505,000 | $751,684 |
Florence County Progress Inc Florence, SC | $1,305,839 | $344,278 |
Efficient Government Public Service Ii Atlanta, GA | $4,409,546 | $464,140 |
Sturgeon City Of Jacksonville Nc Jacksonville, NC | $899,218 | $403,955 |
Progress North Carolina Action Raleigh, NC | $153,292 | $191,272 |
Decatur Legacy Project Decatur, GA | $491,840 | $371,139 |
Gwinnett Municipal Association Inc Lawrenceville, GA | $305,498 | $201,897 |