North Eastern Stragetic Alliance Inc
- Assets
- $900.0k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Florence, SC
- Founding
- 07/2003
- Data as of
- 06/2023
- EIN
- 30-0128034
Organization Overview
North Eastern Stragetic Alliance Inc is located in Florence, SC. The organization was established in 2003. 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 06/2023, North Eastern Stragetic Alliance Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Eastern Stragetic Alliance Inc 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 06/2023, North Eastern Stragetic Alliance Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 4 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE ECONOMIC DEVELOPMENT IN THE NORTHEASTERN REGION OF SOUTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE ECONOMIC DEVELOPMENT IN THE NORTHEASTERN REGION OF SOUTH CAROLINA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Senator Kent M Williams Director/exec. Comm. | Trustee | 2 | $0 |
Luke Rankin Director/exec. Comm. | Trustee | 2 | $0 |
Dr Fred Carter Director/exec. Comm. | Trustee | 2 | $0 |
Drmichael Benson Director/exec.comm. | Trustee | 2 | $0 |
Stephen Wukela Director/exec. Comm. | Trustee | 2 | $0 |
Buddy Brand Director/exec.comm. | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $774,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,662,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,436,781 |
| Total Program Service Revenue | $0 |
| Investment income | $1,670 |
| 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 | $2,438,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,250,000 |
| 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. | $294,929 |
| Compensation of current officers, directors, key employees. | $29,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $194,276 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,131 |
| Office expenses | $9,672 |
| Information technology | $23,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,721 |
| 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 | $0 |
| Insurance | $3,162 |
| All other expenses | $299 |
| Total functional expenses | $2,470,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,034 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $900,034 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $739,002 |
| Net assets with donor restrictions | $161,032 |
| 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 | $900,034 |
Grants Awarded
Over the last fiscal year, North Eastern Stragetic Alliance Inc has awarded $1,250,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTERFIELD COUNTY PURPOSE: COUNTY ECONOMIC DEVELOPMENT | $40,000 |
GEORGETOWN COUNTY PURPOSE: COUNTY ECONOMIC DEVELOPMENT | $10,000 |
HORRY COUNTYMYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT COUNCIL PURPOSE: COUNTY ECONOMIC DEVELOPMENT | $1,200,000 |