Lowcountry Regional Development Corporation
- Assets
- $413.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yemassee, SC
- Founding
- 12/1983
- Data as of
- 09/2023
- EIN
- 57-0760598
Organization Overview
Lowcountry Regional Development Corporation is located in Yemassee, SC. The organization was established in 1983. 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. Lowcountry Regional Development Corporation 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 09/2023, Lowcountry Regional Development Corporation generated $42.0 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 (62.5%) each year. All expenses for the organization totaled $3.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
STIMULATING ECONOMIC DEVELOPMENT IN A FOUR-COUNTY AREA BY MAKING VARIOUS FINANCING OPTIONS AND BUSINESS SITES AVAILABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Lipsitz - B Board Member | 2 | $0 | |
Gerald Dawson - B Board Member | 2 | $0 | |
Alice Howard - B Board Member | 2 | $0 | |
Mary Beth Heyward - B Board Member | 2 | $0 | |
Larry Mcelynn - B Board Member | 2 | $0 | |
York Glover Sr - B Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $42 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,610 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52 |
| Total expenses | $3,662 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $413,222 |
| Other assets | $0 |
| Total assets | $413,222 |
| Total liabilities | $68,463 |
| Net assets or fund balances | $344,759 |