Central Midlands Development Corporation
- Assets
- $735.6k
- Revenue
- $163.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 58-3186011
Organization Overview
Central Midlands Development Corporation is located in Columbia, SC. The organization was established in 1984. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Midlands 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 06/2022, Central Midlands Development Corporation generated $163.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.2%) each year. All expenses for the organization totaled $6.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (44.2%) per year over the past 2 years. 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
CENTRAL MIDLANDS DEVELOPMENT CORPORATION (HEREINAFTER "CMDC") WAS ESTABLISHED AS A SOUTH CAROLINA CORPORATION ON MAY 17, 1982 "TO FURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE CENTRAL MIDLANDS BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES FOR THE CITIZENS OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT: SUPPORTED LOCAL FOOD SYSTEM, ARTS, AND SMALL BUSINESS DEVELOPMENT BY HELPING TO FACILITATE THE ANNUAL RICHLAND COUNTY AGRICULTURE AND ART TOUR. SUPPORTED 2020 CENSUS OUTREACH EFFORTS AND FOOD INSECURITY INITIATIVES WITHIN THE HISPANIC COMMUNITY. THIS PROGRAM SERVED/REACHED APPROXIMATELY 140 FAMILIES AND 400 INDIVIDUALS.
ELDERLY SERVICES: PROVIDED SUPPLEMENTAL SENIOR MEALS AND OTHER SENIOR SUPPORT SERVICES ON AN AS NEEDED BASIS.
TRANSPORTATION IMPROVEMENT: WORKED WITH LOCAL GOVERNMENT PARTNERS AND PRIVATE SECTOR COMMUNITY LEADERS TO FACILITATE DEVELOPMENT OF REGIONAL GATEWAY BEAUTIFICATION EFFORTS ON MAJOR THOROUGHFARES AROUND COLUMBIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Adams Board Member | Trustee | $0 | |
Eloise Bishop Board Member | Trustee | $0 | |
Robert Davis Board Member | Trustee | $0 | |
Smokey Davis Board Member | Trustee | $0 | |
Mike Dawson Board Member | Trustee | $0 | |
Robert N Hubbs Board Member | Trustee | $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 | $163,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,750 |
| Total Program Service Revenue | $0 |
| Investment income | $153 |
| 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 | $163,903 |
| 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 | $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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,211 |
| All other expenses | $5,304 |
| Total functional expenses | $6,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,579 |
| 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 | $0 |
| Total assets | $735,579 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,107 |
| 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 | $1,107 |
| Net assets without donor restrictions | $31,472 |
| Net assets with donor restrictions | $703,000 |
| 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 | $735,579 |