Srs Community Reuse Organization
- Assets
- $6.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Aiken, SC
- Founding
- 03/1997
- Data as of
- 06/2022
- EIN
- 57-0986131
Organization Overview
Srs Community Reuse Organization is located in Aiken, SC. The organization was established in 1997. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Srs Community Reuse Organization employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Srs Community Reuse Organization 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 06/2022, Srs Community Reuse Organization generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SRSCRO IS TO FACILITATE ECONOMIC DEVELOPMENT OPPORTUNITIES ASSOCIATED WITH SAVANNAH RIVER SITE TECHNOLOGY, CAPABILITIES AND MISSIONS AND TO SERVE AS AN INFORMED, UNIFIED COMMUNITY VOICE OF THE FIVE-COUNTY, TWO-STATE SRSCRO REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LEADERSHIP FOR PROMOTING COMMUNITY ASSISTANCE PROGRAMS TO MITIGATE THE NEGATIVE ECONOMIC IMPACTS RESULTING FROM DEFENSE DOWNSIZING AT THE US DOE SAVANNAH RIVER SITE.
ASSET TRANSITION PROGRAM
ASSET REMOVAL PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richaed Mcleod President And CEO | Trustee | 40 | $172,205 |
Mary Mets Director Of Regional Workforce Programs | 40 | $114,693 | |
Cal Wray Board Member | OfficerTrustee | 1 | $0 |
Anne P Rice Treasurer | OfficerTrustee | 1 | $0 |
Will Williams Chair | OfficerTrustee | 1 | $0 |
Karyn Nixon Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bolin Marketing Group Handles Sales Of Excess Property From Sr | 6/29/22 | $580,831 |
Complete Employee Services Provides Payroll And Benefit Services | 6/29/22 | $566,859 |
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 | $3,386,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,386,233 |
| Total Program Service Revenue | $1,376,360 |
| Investment income | $109,162 |
| 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 | $4,875,445 |
| 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. | $172,205 |
| Compensation of current officers, directors, key employees. | $34,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,569 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,443,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,631 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $273,364 |
| Accounts receivable, net | $6,512 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $137,413 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,546,133 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,557,053 |
| Accounts payable and accrued expenses | $319,150 |
| Grants payable | $0 |
| Deferred revenue | $15,500 |
| 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 | $0 |
| Total liabilities | $334,650 |
| Net assets without donor restrictions | $6,222,403 |
| 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 | $6,557,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
Columbia Metropolitan Convention And Visitors Bureau Columbia, SC | $6,376,262 | $4,843,981 |
Srs Community Reuse Organization Aiken, SC | $6,557,053 | $4,875,445 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Rowen Foundation Inc Lawrenceville, GA | $75,583,362 | $5,573 |
Mdc Inc Durham, NC | $4,444,816 | $5,223,210 |
Palmetto Economic Development Corp Columbia, SC | $2,291,624 | $3,424,081 |
Fayetteville Area Convention & Visitors Bureau Inc Fayetteville, NC | $1,870,197 | $2,954,828 |
Upstate South Carolina Alliance Inc Greenville, SC | $3,024,516 | $2,638,082 |