Onespartanburg Inc
- Assets
- $6.2m
- Revenue
- $3.5m
- Investments
- $744.4k
- Employees
- 29
- Location
- Spartanburg, SC
- Founding
- 12/1964
- Data as of
- 06/2022
- EIN
- 57-0251910
Organization Overview
Onespartanburg Inc is located in Spartanburg, SC. The organization was established in 1964. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Onespartanburg Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onespartanburg Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Onespartanburg Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 6.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A VIBRANT SPARTANBURG THROUGH BUSINESS, ECONOMIC AND TOURISM DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OBTAIN THE FINANCIAL AND VOLUNTEER RESOURCES NECESSARY TO IMPLEMENT ONESPARTANBURG, INC.'S PROGRAM OF WORK; TO DEVELOP NEW PROGRAMS AND SERVICES; TO INCREASE MEMBER INVOLVEMENT OPPORTUNITIES
COMMUNITY RESOURCES - TO PROVIDE A FORUM LEADING ACTION WHICH IMPROVES THE QUALITY OF LIFE IN THE COMMUNITY; ACT AS A CATALYST TO PLAN AND IMPLEMENT PROGRAMS TO IMPROVE PHYSICAL DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Easterling Past Chair | Trustee | 5 | $0 |
Todd Horne Vice Chair - Onespartanbur | Trustee | 5 | $0 |
Wes Lehrer Past Chair | Trustee | 5 | $0 |
Alex Evins General Counsel | Trustee | 5 | $0 |
Linda Hannon Vice Chair - Governmental | Trustee | 5 | $0 |
Ethan Burroughs Vice Chair - Economic Deve | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $545,396 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,254,874 |
| 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 | $1,800,270 |
| Total Program Service Revenue | $1,238,118 |
| Investment income | $15,716 |
| 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 | $3,485,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $629,493 |
| Compensation of current officers, directors, key employees. | $163,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,456 |
| Pension plan accruals and contributions | $90,497 |
| Other employee benefits | $83,056 |
| Payroll taxes | $70,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,254 |
| Fees for services: Other | $1,317,568 |
| Advertising and promotion | $229,030 |
| Office expenses | $15,617 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,064 |
| Travel | $61,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $143,074 |
| Interest | $455 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,484 |
| Insurance | $19,974 |
| All other expenses | $54,564 |
| Total functional expenses | $3,594,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,802,180 |
| Savings and temporary cash investments | $543,516 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $574,095 |
| 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 | $637 |
| Net Land, buildings, and equipment | $2,533,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $744,402 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,198,312 |
| Accounts payable and accrued expenses | $10,940 |
| Grants payable | $0 |
| Deferred revenue | $306,914 |
| 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 | $1,742,861 |
| Total liabilities | $2,060,715 |
| Net assets without donor restrictions | $2,441,049 |
| Net assets with donor restrictions | $1,696,548 |
| 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 | $6,198,312 |