Central Carolina Economic Development Alliance is located in Columbia, SC. The organization was established in 1996. 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, Central Carolina Economic Development Alliance employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Carolina Economic Development 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 06/2022, Central Carolina Economic Development Alliance generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. 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
TO PROMOTE ECONOMIC DEVELOPMENT IN CENTRAL SOUTH CAROLINA USING VOLUNTARY FINANCIAL AND MANPOWER
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALLIANCE IS ORGANIZED TO ENCOURAGE ECONOMIC DEVELOPMENT IN CENTRALSOUTH CAROLINA BY ASSISTING THE SURROUNDING COUNTIES IN THE FORMULATIONAND PROMOTION OF PROGRAMS TO ACHIEVE THIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tracy K Mcmillin Vice President | Officer | 40 | $265,282 |
David A King Highest Compensated Employees ( | 40 | $115,903 | |
Stephen M Roddey Highest Compensated Employees ( | 40 | $103,474 | |
Nelson Lindsay President And CEO | Officer | 40 | $49,700 |
W Keller Kissam Board Chairman | Officer | 1 | $0 |
James E Hazel Jr Chair Of Finance | Officer | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Capitol Center Rent | 6/29/20 | $137,077 |
Capitol Center Rent | 6/29/20 | $137,077 |
Blue Ion Llc Marketing | 6/29/20 | $113,138 |
Blue Ion Llc Marketing | 6/29/20 | $113,138 |
Capitol Center Rent | 6/29/20 | $137,077 |
Blue Ion Llc Marketing | 6/29/20 | $113,138 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $53,743 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,417,809 |
All other contributions, gifts, grants, and similar amounts not included above | $449,300 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,920,852 |
Total Program Service Revenue | $0 |
Investment income | $572 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $70,457 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,991,881 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
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. | $267,806 |
Compensation of current officers, directors, key employees. | $28,267 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $480,173 |
Pension plan accruals and contributions | $46,007 |
Other employee benefits | $0 |
Payroll taxes | $117,627 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $13,206 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $30,917 |
Office expenses | $10,948 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $151,831 |
Travel | $14,114 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,861 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,358 |
Insurance | $4,172 |
All other expenses | $84,541 |
Total functional expenses | $1,712,692 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,514,469 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $811,813 |
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 | $12,395 |
Net Land, buildings, and equipment | $8,826 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,347,503 |
Accounts payable and accrued expenses | $85,686 |
Grants payable | $0 |
Deferred revenue | $12,650 |
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 | $98,336 |
Net assets without donor restrictions | $807,621 |
Net assets with donor restrictions | $2,441,546 |
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 | $3,347,503 |
Over the last fiscal year, we have identified 1 grants that Central Carolina Economic Development Alliance has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $15,000 |
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 |