Growco Columbia Inc
- Assets
- $464.9k
- Revenue
- $601.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Columbia, SC
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2927926
Organization Overview
Growco Columbia Inc is located in Columbia, SC. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growco Columbia 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 12/2022, Growco Columbia Inc generated $601.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 71.1% each year . All expenses for the organization totaled $223.0k during the year ending 12/2022. While expenses have increased by 37.6% per year over the past 3 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
GROWCO'S MISSION IS TO INSPIRE AND SUPPORT HIGH GROWTH/HIGH TECH FOUNDERS ALONG THEIR ENTIRE ENTREPRENEURIAL JOURNEY AND CREATE AN INCLUSIVE CULTURE OF ENTREPRENEURSHIP FOR THE COLUMBIA METROPOLITAN AREA AT THE BOYD INNOVATION CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING AND INSPIRING ENTREPRENEURS THROUGH REGULAR NETWORKING MEETINGS, MONTHLY EDUCATIONAL SEMINARS, AND MENTORING PROGRAMS
SPONSORING MULTI-WEEK VENTURE-CREATION WORKSHOPS THROUGH THE GALPHA PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Vaadi President | OfficerTrustee | 2 | $0 |
Laura Boccanfuso Director | Trustee | 2 | $0 |
Chris Heivly Director | Trustee | 2 | $0 |
Caroline Crowder Executive Director | Trustee | 40 | $23,091 |
Aaron Taylor Director | Trustee | 2 | $0 |
Joe Wilczewski 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 | $507,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,709 |
| Total Program Service Revenue | $93,904 |
| Investment income | $6 |
| 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 | $601,619 |
| 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. | $23,090 |
| Compensation of current officers, directors, key employees. | $2,309 |
| 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 | $119,861 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $2,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,858 |
| Office expenses | $5,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,450 |
| Travel | $1,776 |
| 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 | $28,955 |
| Insurance | $2,364 |
| All other expenses | $0 |
| Total functional expenses | $223,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,169 |
| 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 | $173,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,000 |
| Total assets | $464,895 |
| Accounts payable and accrued expenses | $50,292 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,292 |
| Net assets without donor restrictions | $0 |
| 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 | $414,603 |
| Total liabilities and net assets/fund balances | $464,895 |