Greenville Revitalization Corporation
- Assets
- $2.0m
- Revenue
- $372.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 55-2447308
Organization Overview
Greenville Revitalization Corporation is located in Greenville, SC. The organization was established in 2013. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Greenville Revitalization 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 12/2021, Greenville Revitalization Corporation generated $372.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $91.1k during the year ending 12/2021. While expenses have increased by 11.0% 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
TO ACT AS THE ECONOMIC DEVELOPMENT ARM OF THE GCRA BY BRINGING ECONOMIC OPPORTUNITY TO DISADVANTAGED AREAS OF GREENVILLE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF TEXTILE HERITAGE PARK.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas F Dent CEO | Officer | 20 | $2,508 |
Lawrence Black Treasurer | Trustee | 1 | $0 |
Steven Bryant Board Chair | Trustee | 1 | $0 |
Trey Gardner Director | Trustee | 1 | $0 |
Sean Hartness Director | Trustee | 1 | $0 |
Nick Hollstegge Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $363,930 |
| Noncash contributions included in lines 1a–1f | $290,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,930 |
| Total Program Service Revenue | $3,920 |
| Investment income | $0 |
| 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 | $372,347 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,806 |
| 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. | $2,508 |
| Compensation of current officers, directors, key employees. | $2,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,500 |
| Fees for services: Accounting | $340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,139 |
| Office expenses | $0 |
| Information technology | $349 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,085 |
| Insurance | $2,107 |
| All other expenses | $0 |
| Total functional expenses | $91,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,256 |
| 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 | $1,964,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,047 |
| Total assets | $1,989,792 |
| Accounts payable and accrued expenses | $8,036 |
| 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 | $8,036 |
| Net assets without donor restrictions | $1,981,756 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,989,792 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greenville Revitalization Corporation has recieved totaling $5,018.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: CLIMATE RESILIENCY | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Macon Program For Progress Inc Franklin, NC | $4,140,182 | $6,952,364 |
Lowcountry Community Action Agency 807 Hampton Walterboro, SC | $2,100,801 | $6,798,498 |
South Carolina Association Of Community Action Partnerships Columbia, SC | $5,897,085 | $5,969,742 |
St James Plantation Property Owners Association Inc Southport, NC | $7,137,259 | $6,065,011 |
Fcs Urban Ministries Inc Atlanta, GA | $14,341,492 | $9,768,608 |
Greater Lake City Alliance Lake City, SC | $96,049,976 | $19,968,830 |
West Central Georgia Community Action Council Inc Montezuma, GA | $642,760 | $3,371,708 |
Central Piedmont Community Action Inc Siler City, NC | $712,195 | $3,336,441 |
El Centro Hispano Inc Durham, NC | $2,717,075 | $4,375,349 |
Central Atlanta Progress Inc Atlanta, GA | $5,979,541 | $3,089,217 |