South Carolina Manufacturing Extension Partnership
- Assets
- $5.8m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Greenville, SC
- Founding
- 04/1998
- Data as of
- 06/2024
- EIN
- 57-1046537
Organization Overview
South Carolina Manufacturing Extension Partnership is located in Greenville, SC. The organization was established in 1998. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, South Carolina Manufacturing Extension Partnership employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Manufacturing Extension Partnership 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 06/2024, South Carolina Manufacturing Extension Partnership generated $9.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $9.8m during the year ending 06/2024. While expenses have increased by 3.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SCMEP IS A CATALYST FOR STRENGTHENING SOUTH CAROLINA MANUFACTURING; ACCELERATING ITS ONGOING TRANSFORMATION INTO AN EFFICIENT AND POWERFUL ENGINE OF INNOVATION DRIVING ECONOMIC GROWTH AND JOB CREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCMEP STRENGTHENS SOUTH CAROLINA MANUFACTURING BY DEVELOPING PROGRAMS TO ASSIST SMALL AND MEDIUM SIZED MANUFACTURERS WITH A RANGE OF INNOVATIVE STRATEGIES AND SOLUTIONS TO DRIVE GROWTH, ELIMINATE WASTE AND DEVELOP RESOURCES. DURING 2023, SCMEP SERVED 496 MANUFACTURERS. IMPACTS GENERATED FROM THESE SERVICES, AS REPORTED THROUGH AN INDEPENDENT SURVEY DIRECTLY FROM CLIENTS, WAS $1.41 BILLIONONEW SALES $226 MILLIONONEW INVESTMENT $162 MILLIONOCOST SAVINGS $110 MILLIONORETAINED SALES $914 MILLIONO JOBS CREATED: 804O JOBS RETAINED: 3,288
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Carr President & CEO | Officer | 40 | $218,616 |
Stacy Smith CFO | Officer | 40 | $180,997 |
Tony Moore Director Of Operations | 40 | $163,273 | |
Christopher Wayne VP Business Growth | 40 | $140,976 | |
Stephen Deas Process Impr Coach | 40 | $144,256 | |
Susan Whitehead Process Impr Coach | 40 | $141,031 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life & Safety Consultants Inc Consulting Services | 6/29/24 | $157,741 |
Pillar Management Associates Consulting Services | 6/29/24 | $144,775 |
44watts Marketing Agency Sales & Marketing Co | 6/29/24 | $138,291 |
Strategic Marketing International Sales & Marketing Co | 6/29/24 | $185,782 |
Liquid Video Technologies It & Data Security | 6/29/24 | $124,207 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,251,194 |
| 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 | $5,251,194 |
| Total Program Service Revenue | $4,491,918 |
| Investment income | $148,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,119 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,911,855 |
| 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. | $573,110 |
| Compensation of current officers, directors, key employees. | $398,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,218,635 |
| Pension plan accruals and contributions | $272,864 |
| Other employee benefits | $387,060 |
| Payroll taxes | $213,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $600 |
| Fees for services: Accounting | $25,894 |
| Fees for services: Lobbying | $42,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $315,345 |
| Office expenses | $428,167 |
| Information technology | $98,338 |
| Royalties | $0 |
| Occupancy | $283,782 |
| Travel | $217,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,120 |
| Insurance | $39,577 |
| All other expenses | $0 |
| Total functional expenses | $9,806,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $521,747 |
| Accounts receivable, net | $708,615 |
| 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 | $102,070 |
| Net Land, buildings, and equipment | $136,239 |
| Investments—publicly traded securities | $2,994,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $977,841 |
| Total assets | $5,813,898 |
| Accounts payable and accrued expenses | $494,760 |
| Grants payable | $0 |
| Deferred revenue | $258,892 |
| 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 | $1,008,220 |
| Total liabilities | $1,761,872 |
| Net assets without donor restrictions | $4,052,026 |
| 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 | $5,813,898 |