South Carolina Council On Competitiveness
- Assets
- $3.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Columbia, SC
- Founding
- 08/2005
- Data as of
- 06/2024
- EIN
- 20-1690146
Organization Overview
South Carolina Council On Competitiveness is located in Columbia, SC. The organization was established in 2005. 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 06/2024, South Carolina Council On Competitiveness employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Council On Competitiveness 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 06/2024, South Carolina Council On Competitiveness generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.0m during the year ending 06/2024. While expenses have increased by 2.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ACTIONABLE RESEARCH, SUPPORTING INDUSTRY CLUSTERS, AND FURTHERING EDUCATION AND WORKFORCE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH ACTIVITIES INCLUDE STUDIES AROUND ECONOMIC IMPACTS UTILIZED BY PUBLIC ECONOMIC DEVELOPMENT AGENCIES. DIRECTLY-MANAGED CLUSTERS INCLUDE AEROSPACE, LOGISTICS, AND TECHNOLOGY/CYBERSECURITY. EDUCATION/WORKFORCE INITIATIVES FOCUS ON DURABLE SKILLS DEVELOPMENT IN K-12 AND ENHANCING CAREER PATHWAYS FOR STUDENTS AND TRANSITIONING WORKERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Ann Shannon President & CEO | OfficerTrustee | 40 | $40,306 |
Paula Harper Bethea Board Member | Trustee | 0.5 | $0 |
Mike Mizeur Board Member | Trustee | 0.5 | $0 |
Don Herriott Board Member | Trustee | 0.5 | $0 |
Pamela Lackey Board Member | Trustee | 0.5 | $0 |
John Lumpkin Jr Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strada Collaborative Inc Content Development | 6/29/24 | $185,000 |
Margaret Torrey Cluster & Workforce Development | 6/29/24 | $101,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,383,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,767 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,941,899 |
| Total Program Service Revenue | $0 |
| Investment income | $33,665 |
| 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 | $1,975,826 |
| 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. | $44,352 |
| Compensation of current officers, directors, key employees. | $3,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $692,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,934 |
| Payroll taxes | $56,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $20,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,949 |
| Advertising and promotion | $0 |
| Office expenses | $19,909 |
| Information technology | $4,560 |
| Royalties | $0 |
| Occupancy | $59,698 |
| Travel | $79,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,316 |
| Insurance | $7,633 |
| All other expenses | $0 |
| Total functional expenses | $2,011,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,664,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,339 |
| Accounts receivable, net | $127,019 |
| 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 | $96,992 |
| Net Land, buildings, and equipment | $119,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,444 |
| Other assets | $120,374 |
| Total assets | $3,196,014 |
| Accounts payable and accrued expenses | $39,304 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $123,014 |
| Total liabilities | $187,318 |
| Net assets without donor restrictions | $2,991,833 |
| Net assets with donor restrictions | $16,863 |
| 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 | $3,196,014 |