South Carolina Manufacturing Extension Partnership
- Assets
- $4.5m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Greenville, SC
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 57-1046537
Organization Overview
South Carolina Manufacturing Extension Partnership is located in Greenville, SC. The organization was established in 1998. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, South Carolina Manufacturing Extension Partnership employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Manufacturing Extension Partnership 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, South Carolina Manufacturing Extension Partnership generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $8.9m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 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
SCMEP IS A CATALYST FOR STRENGTHENING SOUTH CAROLINA MANUFACTURING; ACCELERATING ITS ONGOING TRANSFORMATION INTO AN EFFICIENT AND POWERFUL ENGINE OF INNOVATION DRIVING ECONOMIC GROWTH AND JOB CREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCMEP STRENGTHENS SOUTH CAROLINA MANUFACTURING BY DEVELOPING PROGRAMS TO ASSIST SMALL AND MEDIUM SIZED MANUFACTURERS WITH A RANGE OF INNOVATIVE STRATEGIES AND SOLUTIONS TO DRIVE GROWTH, ELIMINATE WASTE AND DEVELOP RESOURCES. DURING 2021, SCMEP SERVED 473 MANUFACTURERS. IMPACTS GENERATED FROM THESE SERVICES, AS REPORTED THROUGH AN INDEPENDENT SURVEY DIRECTLY FROM CLIENTS, WAS $1.85 BILLIONONEW SALES $130 MILLIONONEW INVESTMENT $133 MILLIONOCOST SAVINGS $23 MILLIONORETAINED SALES $1.57 BILLIONO JOBS CREATED: 862O JOBS RETAINED: 3,501
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Spangler Former President | 40 | $190,045 | |
Andrew Carr President & CEO | Officer | 40 | $177,909 |
Stacy Smith CFO | Officer | 40 | $177,199 |
Tony Moore Dir Of Operations | 40 | $139,620 | |
Rhonda Huskins Regional VP | 40 | $139,448 | |
Stephen Deas Process Impr Coach | 40 | $139,388 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corsica Technologies It & Data Security | 6/29/22 | $167,708 |
Pillar Management Associates Engineering Consult | 6/29/22 | $202,450 |
Strategic Marketing International Sales & Marketing Co | 6/29/22 | $440,190 |
Liquid Video Technologies It & Data Security | 6/29/22 | $258,738 |
Centric One Engineering Consult | 6/29/22 | $191,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,358,486 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,358,486 |
| Total Program Service Revenue | $4,532,318 |
| Investment income | $45,899 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$151,360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,798,009 |
| 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. | $468,010 |
| Compensation of current officers, directors, key employees. | $283,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,845,553 |
| Pension plan accruals and contributions | $223,491 |
| Other employee benefits | $312,874 |
| Payroll taxes | $177,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,545 |
| Fees for services: Lobbying | $42,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $327,774 |
| Office expenses | $310,770 |
| Information technology | $197,171 |
| Royalties | $0 |
| Occupancy | $256,433 |
| Travel | $170,954 |
| 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 | $43,999 |
| Insurance | $33,842 |
| All other expenses | $0 |
| Total functional expenses | $8,866,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $526,346 |
| Savings and temporary cash investments | $367,188 |
| Pledges and grants receivable | $367,667 |
| Accounts receivable, net | $458,241 |
| 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 | $125,974 |
| Net Land, buildings, and equipment | $217,397 |
| Investments—publicly traded securities | $2,443,394 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,506,207 |
| Accounts payable and accrued expenses | $476,835 |
| Grants payable | $0 |
| Deferred revenue | $142,225 |
| 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 | $619,060 |
| Net assets without donor restrictions | $3,887,147 |
| 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 | $4,506,207 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Carolina Manufacturing Extension Partnership has recieved totaling $61,500.
| Awarding Organization | Amount |
|---|---|
Oregon Manufacturing Extension Partnership Inc Portland, OR PURPOSE: PROJECT SERVICES | $30,750 |
Oregon Manufacturing Extension Partnership Inc Portland, OR PURPOSE: PROJECT SERVICES | $30,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Manufacturing Extension Partnership Greenville, SC | $4,506,207 | $8,798,009 |
National Institute Of Minority Economic Development Durham, NC | $8,985,701 | $1,722,745 |
Winston Starts Winstonsalem, NC | $2,039,563 | $1,547,404 |
Wilmington Business Development Wilmington, NC | $1,640,676 | $1,342,071 |
Carolinas-Virginia Minority Supplier Developoment Councils Inc Charlotte, NC | $1,397,364 | $1,303,584 |
Provident Business Financial Services Inc West Columbia, SC | $539,066 | $980,704 |
Nussbaum Center For Entrepreneurship Inc Greensboro, NC | $5,252,016 | $1,124,383 |
Piedmont Business Capital Greensboro, NC | $3,626,382 | $1,839,047 |
Curiosity Lab At Peachtree Corners Inc Peachtree Corners, GA | $759,235 | $737,622 |
Carolina Business Capital Charlotte, NC | $4,850,078 | $599,489 |
Pride Of Kinston Inc Kinston, NC | $1,761,378 | $334,851 |
Marietta Welcome Center Inc Marietta, GA | $323,025 | $326,253 |