Scotland Development Corporation

Organization Overview

Scotland Development Corporation is located in Laurinburg, NC. The organization was established in 2003. 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. Scotland 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, Scotland Development Corporation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $535.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PRIMARILY, THE GOAL OF SCOTLAND DEVELOPMENT CORPORATION IS TO ASSIST IN DEVELOPING THE INDIVIDUALS IN THE COMMUNITY TO BE PRODUCTIVE CITIZENS WITH SELF ESTEEM PRIMARILY MOTIVATED BY WORK FORCE DEVELOPMENT AND TRAINING. RECENTLY, SCOTLAND DEVELOPMENT CORPORATION HAS JOINED WITH ST.ANDREWS UNIVERSITY IN AN EFFORT TO KEEP THE UNIVERSITY OPEN IN SCOTLAND COUNTY SO THAT THE COMMUNITY WILL BE ABLE TO BE VIABLE ECONOMICALLY AND PROVIDE EDUCATION TO THE CITIZENS IN THIS ECONOMICALLY DISADVANTAGED AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCOTLAND DEVELOPMENT CORPORATION CONTINUES TO PROVIDE OPPORTUNITIES FOR ECONOMIC DEVELOPMENT IN THE SCOTLAND COUNTY AREA BY CONDUCTING AND SUPPORTING PROJECTS AND ACTIVITIES THAT PROMOTE EDUCATIONAL ADVANCEMENT TO DISPLACED WORKERS AND THOSE PURSUING A COLLEGE DEGREE. SPECIFICALLY, SCOTLAND DEVELOPMENT CORPORATION HAS JOINED WITH ST.ANDREWS UNIVERSITY TO HELP ENSURE THAT SECONDARY EDUCATION IS AVAIABLE IN SCOTLAND COUNTY. HAVING A UNIVERSITY IN THIS AREA IS VITAL TO ECONOMIC DEVELOPMENT AND EDUCATIONAL ADVANCEMENT FOR THE CITIZENS OF SOUTHEASTERN NORTH CAROLINA.


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Board, Officers & Key Employees

Name (title)Compensation
Andrew Williamson
Vice Chairman
$0
Delores A Hammond
Sec./treasurer
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,024,130
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 $1,024,130

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