Williamsburg County Development Corporation
- Assets
- $11.3m
- Revenue
- $426.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Kingstree, SC
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 57-1036742
Organization Overview
Williamsburg County Development Corporation is located in Kingstree, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamsburg County 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 12/2022, Williamsburg County Development Corporation generated $426.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $620.4k during the year ending 12/2022. 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
PROMOTE INDUSTRIAL DEVELOPMENT FOR WILLIAMSBURG COUNTY, SOUTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTING BUSINESS AND PROMOTING THE GENERAL BUSINESS CLIMATE OF WILLIAMSBURG COUNTY, SOUTH CAROLINA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Anderson Director | Trustee | $0 | |
Mark Brown Director | Trustee | $0 | |
Ronald Carter Director | Trustee | $0 | |
Bishop Linwood Cooper Director | Trustee | $0 | |
Sulondia Hammond Director | Trustee | $0 | |
Dr Patricia Lee Chairperson | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $122,951 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,874 |
| Total Program Service Revenue | $260,498 |
| Investment income | $0 |
| 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 | $426,372 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,965 |
| Fees for services: Accounting | $5,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,500 |
| Advertising and promotion | $0 |
| Office expenses | $2,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229,313 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,060 |
| Interest | $136,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,347 |
| Insurance | $29,802 |
| All other expenses | $0 |
| Total functional expenses | $620,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,464,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,335,488 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,097,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $535,104 |
| Other assets | $3,817,415 |
| Total assets | $11,276,262 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,462,645 |
| Unsecured mortgages and notes payable | $560,075 |
| Other liabilities | $0 |
| Total liabilities | $5,022,720 |
| Net assets without donor restrictions | $6,253,542 |
| 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 | $11,276,262 |