Scotland County Economic Development Corporation

Organization Overview

Scotland County Economic Development Corporation is located in Laurinburg, NC. The organization was established in 2009. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scotland County Economic Development Corporation 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, Scotland County Economic Development Corporation generated $568.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $268.0k during the year ending 06/2022. While expenses have increased by 13.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTED GROWTH OF LOCAL ECONOMY BY RECRUITING NEW BUSINESS, INCREASING JOBS AND INFRASTRUCTURE INVESTMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTED THE GROWTH OF THE ECONOMY OF SCOTLAND COUNTY AND CITY OF LAURINBURG THROUGH JOB CREATION, THE INVESTMENT IN BUSINESS PROPERTY AND DEVELOPMENT AND INVESTMENT IN INFRASTRUCTURE TO FACILITATE ECONOMIC GROWTH AND IMPROVE THE GENERAL WELFARE OF ALL CITIZENS OF SCOTLAND COUNTY AND THE CITY OF LAURINBURG.


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Board, Officers & Key Employees

Name (title)Compensation
John Alford
Director
$0
Jim Willis
Director
$0
Lee Howell
Director
$0
Thomas Ammons
Director
$0
Andrew Williamson
Director
$0
Whit Gibson
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$36,750
Fundraising events$0
Related organizations$290,000
Government grants $10,000
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$336,750
Total Program Service Revenue$0
Investment income $368
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $231,096
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 $568,214

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