Pinnacle Partners Of The Carolinas Inc
- Assets
- $1.3m
- Revenue
- $288.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Easley, SC
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 57-1132058
Organization Overview
Pinnacle Partners Of The Carolinas Inc is located in Easley, SC. The organization was established in 2003. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinnacle Partners Of The Carolinas Inc 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, Pinnacle Partners Of The Carolinas Inc generated $288.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.7% each year . All expenses for the organization totaled $90.9k during the year ending 12/2021. While expenses have increased by 26.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PINNACLE PARTNERS OF THE CAROLINA EXISTS FOR THE PURPOSE OF FULFILLING A MISSION TO CONSERVE AND PROTECT SPECIFIC TRACTS OF LAND IN SOUTH CAROLINA AND TO PROMOTE THE USE OF THE LAND BY ORGANIZATIONS THAT SERVE TO ENHANCE THE PHYSICAL AND MENTAL HEALTH OF YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PINNACLE PARTNERS OF THE CAROLINAS, INC. HAS CONSERVED, PROTECTED, AND ENHANCED SPECIFIC TRACTS OF LAND IN SOUTH CAROLINA. DURING THE YEAR ENDED DECEMBER 31, 2020 THERE WERE MANY INFRASTRUCTURE IMPROVEMENTS THAT WERE CAPITALIZED FOR FUTURE YEARS OF BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristopher D Clark President | OfficerTrustee | 0.2 | $0 |
Roy Costner Secretary-Treasurer | OfficerTrustee | 0.2 | $0 |
Norene Brown Director | Trustee | 0.2 | $0 |
Lucas Anthony Director | Trustee | 0.2 | $0 |
James B Anthony Director | Trustee | 2 | $0 |
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 | $287,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,408 |
| 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 | $288,408 |
| 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 | $56,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,681 |
| Travel | $7,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,644 |
| All other expenses | $0 |
| Total functional expenses | $90,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,969 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,273,222 |
| Total assets | $1,311,191 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $1,150 |
| Other liabilities | $0 |
| Total liabilities | $151,150 |
| Net assets without donor restrictions | $1,160,041 |
| 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 | $1,311,191 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pinnacle Partners Of The Carolinas Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
South Carolina Christian Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Triangle Aquatic Center Cary, NC | $23,604,525 | $5,716,572 |
Hilton Head Island Recreation Association Hilton Head Island, SC | $3,802,830 | $3,781,142 |
Newtown Recreation Inc Alpharetta, GA | $134,249 | $1,016,888 |
Georgia Recreation And Park Association Inc Conyers, GA | $880,188 | $570,815 |
Zap Fitness Foundation Inc Blowing Rock, NC | $293,616 | $620,948 |
Standing Boy Inc Columbus, GA | $152,043 | $525,287 |
South Carolina Recreation & Park Assn Lexington, SC | $477,206 | $427,370 |
Catalyst Sports Inc Atlanta, GA | $145,521 | $371,257 |
Southern Shores Civic Association Inc Southern Shores, NC | $879,382 | $290,968 |
Friends Of The Thread Trail Lagrange Ga Inc Lagrange, GA | $787,964 | $275,055 |
North Carolina Community Sailing Huntersville, NC | $292,445 | $245,757 |
Liminal Health And Fitness Tucker, GA | $65,004 | $0 |