Rural Consumer Services Corporation

Organization Overview

Rural Consumer Services Corporation is located in Shallotte, NC. The organization was established in 2000. According to its NTEE Classification (S32) the organization is classified as: Rural 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. Rural Consumer Services Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2023, Rural Consumer Services Corporation generated $324.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $286.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION IS TO PROMOTE NEW BUSINESS DEVELOPMENT, BUSINESS EXPANSION, AND BUSINESS RETENTION IN BRUNSWICK AND COLUMBUS COUNTIES; TO PARTNER WITH STATE AND LOCAL AUTHORITIES AND ORGANIZATIONS TO AFFORD THE TOOLS REQUIRED TO MOVE MORE CITIZENS AND BUSINESSES INTO THE TECHNOLOGY AGE AND TO LONG-TERM ECONOMIC PROSPERITY; TO ORGANIZE ECONOMIC DEVELOPMENT ACTIVITIES WITH THE GOAL OF MAKING THE ACTIVITIES FINANCIALLY SELF-SUSTAINING OVER TIME; AND ULTIMATELY TO HELP CREATE AND RETAIN JOBS FOR THE CITIZENS OF OUR AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE OPERATION OF A WEATHERIZATION LOAN PROGRAM FOR RESIDENTS OF BRUNSWICK AND COLUMBUS COUNTIES, NC. THIS PROGRAM OFFERS LOW-INTEREST LOANS TO RESIDENTIAL AND SMALL COMMERCIAL BUILDING OWNERS FOR ENERGY EFFICIENT IMPROVEMENTS.


RENTAL OF A SECURE TELECOMMUNICATIONS ROOM AND RACK SPACE TO A COMMERCIAL TELECOMMUNICATIONS COMPANY THAT PROVIDES AN INTERNET "POINT OF PRESENCE" THAT IS USED BY LOCAL GOVERNMENT FACILITIES, PROVIDING A LOW-COST ALTERNATIVE FOR THE CITIZENS OF BRUNSWICK COUNTY.


LEASING OF DARK FIBER AND OPTIC EQUIPMENT. THIS EFFORT WAS INITIALIZED BY THE STATE OF NORTH CAROLINA IN 1999 TO PROMOTE ECONOMIC DEVELOPMENT AND PROVIDE BROADBAND INTERNET ACCESS SERVICES TO THE RURAL AREAS OF THE STATE.


GRANTS TO ECONOMIC DEVELOPMENT ORGANIZATIONS IN COLUMBUS AND BRUNSWICK COUNTIES, NC TO FOSTER ECONOMIC GROWTH.


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Board, Officers & Key Employees

Name (title)Compensation
Joshua Winslow
Ceo/general
$0
Lisa Fitzgerald
VP Finance
$0
David L Gore
Director
$2,250
Larry G Fowler
Director
$1,800
Dan Strickland
Director
$1,800
John Ward
Director
$1,800

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$184,712
Investment income $138,590
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 $324,310

Grants Awarded

Over the last fiscal year, Rural Consumer Services Corporation has awarded $40,000 in support to 2 organizations.

Grant RecipientAmount

BRUNSWICK CO ECON DEV FDN

PURPOSE: ECONOMIC DEVELOPMENT

$20,000

THE SOUTHEASTERN PARTNERSHIP

PURPOSE: ECONOMIC DEVELOPMENT

$20,000
View Grant Profile

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St John Community Development Corporation
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Rural Consumer Services Corporation
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$324,310
Yadkin County Economic Development Partnership
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$278,060
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