South Carolina I-77 Alliance
- Assets
- $4.4m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Richburg, SC
- Founding
- 10/2014
- Data as of
- 06/2021
- EIN
- 46-3837696
Organization Overview
South Carolina I-77 Alliance is located in Richburg, SC. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina I-77 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 06/2021, South Carolina I-77 Alliance generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $5.5m during the year ending 06/2021. While expenses have increased by 21.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ALLIANCE SEEKS TO ATTRACT INVESTMENT, NEW COMMERCE, AND HIGH-QUALITY JOBS TO FOUR COUNTIES ALONG THE I-77 CORRIDOR OF SOUTH CAROLINA. THE SOLE MISSION OF THE ALLIANCE IS TO POSITION AND MARKET CHESTER, FAIRFIELD, LANCASTER, RICHLAND, AND YORK COUNTIES AS A WORLD-CLASS BUSINESS LOCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING TRIPS TO MEET WITH PROSPECTIVE COMPANIES FACE-TO-FACE.
ELECTRONIC MARKETING AND ADVERTISING PLAN IMPLEMENTED
LEAD GENERATION SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Basha Executive Committee | Trustee | 1 | $0 |
Jim Bennett Adjunct Director | Trustee | 1 | $0 |
John Cadena Executive Committee | Trustee | 1 | $0 |
Sandy Martin Director | Trustee | 1 | $0 |
Brad Caulder Director | Trustee | 1 | $0 |
Ty Davenport Executive Committee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,456,178 |
| Investment income | $7,533 |
| 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 | $6,505,378 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,622 |
| Pension plan accruals and contributions | $44,823 |
| Other employee benefits | $15,060 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $180,231 |
| Office expenses | $191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,382 |
| Travel | $1,219 |
| 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 | $4,655 |
| Insurance | $482 |
| All other expenses | $0 |
| Total functional expenses | $5,466,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,346,470 |
| 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 | $5,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,361,702 |
| Accounts payable and accrued expenses | $38,860 |
| 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 | $38,860 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,322,842 |