Palmetto Cove Inc
- Assets
- $304.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, SC
- Founding
- 10/1976
- Data as of
- 12/2022
- EIN
- 51-0200160
Organization Overview
Palmetto Cove Inc is located in Cleveland, SC. The organization was established in 1976. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Cove Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Palmetto Cove Inc generated $154.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $128.2k during the year ending 12/2022. While expenses have increased by 14.5% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Lail-Hulon Secretary | 4 | $0 | |
Paul Welch Director | 3 | $0 | |
Charlie Crumpton President | 3 | $0 | |
Mollie Withers Treasurer | 4 | $0 | |
Virginia Nelson Vice Preside | 3 | $0 | |
Diana Bagwell Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $154,707 |
| Investment income | $163 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,870 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $90 |
| Occupancy, rent, utilities, and maintenance | $68,641 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,506 |
| Total expenses | $128,237 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,491 |
| Other assets | $0 |
| Total assets | $304,743 |
| Total liabilities | $0 |
| Net assets or fund balances | $304,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Youth Leadership Inc Vass, NC | $7,695,228 | $7,596,341 |
Boys & Girls Clubs Of York County Inc Rock Hill, SC | $405,637 | $1,018,043 |
Boys And Girls Club Of Transylvania County Inc Brevard, NC | $5,160,904 | $1,796,583 |
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Boys & Girls Clubs Of The Piedmont Inc Statesville, NC | $4,265,356 | $1,450,077 |
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Boys & Girls Clubs Of North Georgia Jasper, GA | $3,145,033 | $1,484,721 |
Village Of Wisdom Inc Durham, NC | $2,699,449 | $2,499,958 |
Council Of Youth Anti Drug Inc Duluth, GA | $179,403 | $513,092 |
Paradise Atlanta Westside Enrichment Center Inc Atlanta, GA | $925,183 | $1,012,014 |
Positive Attitude Burlington, NC | $1,190,360 | $580,720 |
Village Group Georgetown, SC | $619,502 | $725,398 |