Rock Hill Economic Development Corporation

Organization Overview

Rock Hill Economic Development Corporation is located in Rock Hill, SC. The organization was established in 1984. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rock Hill Economic Development 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, Rock Hill Economic Development Corporation generated $787.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $791.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Rock Hill Economic Development Corporation has awarded 16 individual grants totaling $1,130,739. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ROCK HILL ECONOMIC DEVELOPMENT CORPORATION DEVELOPS BUSINESS PARKS, RECRUITS AND SUPPORTS NEW BUSINESSES TO THE AREA, AND ASSISTS IN THE REVITALIZATION OF THE GREATER DOWNTOWN ROCK HILL AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REAL ESTATE & BUSINESS DEVELOPMENT INCLUDES THE DEVELOPMENT OF BUSINESS PARKS AND THE RECRUITMENT AND RETENTION OF BUSINESSES IN ROCK HILL, SOUTH CAROLINA.


TALENT DEVELOPMENT & INNOVATION INCLUDES THE TALENT PIPELINE PROGRAM TO CONNECT LOCAL EMPLOYERS WITH SKILLED INTERNS AND EMPLOYEES FROM LOCAL COLLEGES AND WORKFORCE DEVELOPMENT INITIATIVES IN PARTNERSHIP WITH LOCAL COLLEGES AND COMMUNITY RESOURCE GROUPS.


ENTREPRENEURSHIP PROGRAMS ARE BASED IN THE TECHNOLOGY INCUBATOR AND FOCUS ON ASSISTING ENTREPRENEURS WITH THE TRAINING AND RESOURCES THEY NEED TO BUILD SUCCESSFUL LOCAL BUSINESSES. THEY ALSO INCLUDE PROGRAMS FOR LOCAL MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE STUDENTS TO INTRODUCE THEM TO ENTREPRENEURISM.


QUALITY OF LIFE PROGRAMS FOCUSES ON INITIATIVES SUCH AS PUBLIC ART AND PLACEMARKING PROJECTS TO HELP FACILITATE THE REVITALIZATION AND REDEVELOPMENT OF THE CITY'S KNOWLEDGE PARK AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Dawn Johnson
Chair
$0
Matt Dosch
Vice Chair
$0
Beverly Carroll
Executive Co
$0
John Black
Executive Co
$0
Joanne Fockler
Executive Co
$0
Jim Reno
Executive Co
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $64,738
All other contributions, gifts, grants, and similar amounts not included above$49,963
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$114,701
Total Program Service Revenue$668,004
Investment income $2,218
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,550
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 $787,473

Grants Awarded

Over the last fiscal year, Rock Hill Economic Development Corporation has awarded $42,071 in support to 2 organizations.

Grant RecipientAmount

YORK TECHNICAL COLLEGE

PURPOSE: INNOVATION FABLAB

$28,965

CITY OF ROCK HILL

PURPOSE: TECHNOLOGY INCUBATOR

$13,106
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Rock Hill Economic Development Corporation has recieved totaling $140,000.

Awarding OrganizationAmount
Comporium Foundation Inc

Rock Hill, SC

PURPOSE: COMMUNITY WELFARE AND DEVELOPMENT

$125,000
United Way Of York County Sc

Rock Hill, SC

PURPOSE: Community Investment, Designations

$15,000
View Grant Recipient Profile

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