South Carolina Association For Community Economic Development
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Charleston, SC
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 56-2049813
Organization Overview
South Carolina Association For Community Economic Development is located in Charleston, SC. The organization was established in 1998. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, South Carolina Association For Community Economic Development employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Association For Community Economic Development 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, South Carolina Association For Community Economic Development generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 7.7% 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.
Since 2016, South Carolina Association For Community Economic Development has awarded 55 individual grants totaling $663,810. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH OUR NETWORK OF MEMBERS AND PARTNER ORGANIZATIONS, SCACED STRIVES TO IMPROVE THE QUALITY OF LIFE FOR LOW-WEALTH FAMILIES AND COMMUNITIES BY ADVANCING COMMUNITY ECONOMIC DEVELOPMENT AND PUBLIC POLICY IN SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING ORGANIZATIONS: WE BUILD THE CAPACITY OF NONPROFITS, LOCAL BRANCHES OF GOVERNMENT, AND OTHER ORGANIZATIONS THROUGH TECHNICAL ASSISTANCE, TRAINING, ACCESS TO CAPITAL, AND RELATIONSHIP CONNECTIONS. PROGRAMS: COMMUNITY DEVELOPMENT INSTITUTE (292 ATTENDED 9 VIRTUAL TRAININGS), NDC CERTIFICATION (52 PEOPLE ATTENDED NDC COURSES) AND ANNUAL OPPORTUNITY SC: COMMUNITY ECONOMIC DEVELOPMENT CONFERENCE (150 ATTENDED IN PERSON AND VIRTUALLY).
GROWING NETWORKS AND ELEVATING INNOVATION: WE BRING PEOPLE TOGETHER TO BUILD POWER AND SHARE INFORMATION AND RESOURCES. PROGRAMS: ADVOCACY FOR THE CED FUND AND THE CD TAX CREDIT PROGRAMS (RESULTING IN $3 MILLION IN COMMUNITY DEVELOPMENT TAX CREDITS AND $2 MILLION APPROPRIATED FOR THE CED FUND), RURAL RESOURCE COALITION (100 PEOPLE ATTENDED ANNUAL MEETING), SC COMMUNITY CAPITAL ALLIANCE AND LANDOWNER WORKSHOPS (7 TRAININGS HELD RESULTING IN 24 ENVIRONMENTAL QUALITY INCENTIVES PROGRAM (EQIP) APPLICATIONS, 99 FARMERS AND LANDOWNERS ATTENDED, 9 FARMERS OBTAIN A FARM TRACT NUMBER AND 2,948.92 OF ACRES WERE REPRESENTED).
ATTRACTING AND DEPLOYING RESOURCES: WE BRING NEW AND ADDITIONAL RESOURCES, OFTEN FINANCIAL, TO THE STATE AND TO THE COMMUNITY ECONOMIC DEVELOPMENT FIELD. PROGRAMS: COMMUNITY IMPACT FUND GRANT PROGRAM, INDIVIDUAL DEVELOPMENT ACCOUNT PROGRAM (2 HOMES WERE PURCHASED AND 3 STUDENTS WENT BACK TO SCHOOL) AND COMMUNITY GARDEN AND HOOP HOUSE GRANTS (8 COMMUNITY GARDENS AND 3 HOOPS HOUSE GRANTS WERE AWARDED TOTALING $54,000).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernett Mazyck President & CEO | Trustee | 40 | $132,200 |
Don Oglesby Chairman | Officer | 1 | $0 |
Kim M Graham Secretary | Officer | 1 | $0 |
Kristi King-Brock Chairman | Officer | 1 | $0 |
Wilbur Cave Vice Chairman | Officer | 1 | $0 |
Ginny Stroud Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,724 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $274,569 |
| All other contributions, gifts, grants, and similar amounts not included above | $887,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,205,054 |
| Total Program Service Revenue | $112,322 |
| Investment income | $2 |
| 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 | $1,317,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,147 |
| Grants and other assistance to domestic individuals. | $41,949 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,298 |
| Payroll taxes | $37,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $44,434 |
| Fees for services: Lobbying | $46,904 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,718 |
| Advertising and promotion | $9,922 |
| Office expenses | $14,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,940 |
| Travel | $18,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,084 |
| All other expenses | $28,923 |
| Total functional expenses | $1,201,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $971,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,193 |
| 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 | $12,391 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,400 |
| Total assets | $1,162,743 |
| Accounts payable and accrued expenses | $44,699 |
| Grants payable | $0 |
| Deferred revenue | $483,795 |
| 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 | $80,606 |
| Total liabilities | $609,100 |
| Net assets without donor restrictions | $553,643 |
| 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 | $1,162,743 |
Grants Awarded
Over the last fiscal year, South Carolina Association For Community Economic Development has awarded $62,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RIZE INC PURPOSE: FINANCIAL LITERACY AND EMPOWERMENT | $22,500 |
GULLAH FARMERS COOPERATIVE ASSOCIATION PURPOSE: TO ESTABLISH LOCAL FOOD MARKET. | $10,000 |
JOHN W MOORE MIDDLE SCHOOL PURPOSE: PATHWAYS TO HEATLH | $10,000 |
Greenville, SC PURPOSE: COMMUNITY IMPACT | $10,000 |
Durham, NC PURPOSE: COMMUNITY IMPACT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that South Carolina Association For Community Economic Development has recieved totaling $459,005.
| Awarding Organization | Amount |
|---|---|
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $133,000 |
1772 Foundation Inc Providence, RI PURPOSE: GENERAL OPERATING EXPENSES, PROCESSING EQUIPMENT FOR GULLAH FARMERS' COOPERATIVE | $125,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $101,000 |
National Community Reinvestment Coalition Inc Washington, DC PURPOSE: FIELD EMPOWERMENT FUND | $50,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: IMPACTSC | $25,000 |
Neo Philanthropy Action Fund Inc New York, NY PURPOSE: Program Grant | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Catawba Regional Council Of Governments Rock Hill, SC | $18,118,741 | $10,188,786 |
Metanoia North Charleston, SC | $10,676,090 | $4,102,984 |
Forward Cities Inc Durham, NC | $1,196,373 | $2,460,187 |
Industrial Commons Morganton, NC | $6,060,975 | $4,558,553 |
Partners In Ministry Laurinburg, NC | $1,633,972 | $2,541,350 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
University City Partners Inc Charlotte, NC | $2,214,433 | $1,919,928 |
South Carolina Association For Community Economic Development Charleston, SC | $1,162,743 | $1,317,378 |
Pitt County Committee Of 100 Inc Greenville, NC | $5,005,842 | $1,536,150 |
Climb Fund Charleston, SC | $28,483,157 | $3,819,413 |
New Communities Inc Albany, GA | $5,753,333 | $428,039 |