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Nonprofiteer
← BC CORP

Form 990 for tax year 2022

Filed by BC CORP.

Totals

Total revenue
$743,708
Total expenses
$796,714
Contributions and grants received
$468,041
Grants paid
$0
Program service revenue
$275,667
Investment income
$0
Other revenue
$0
Total assets, end of year
$212,704
Total liabilities, end of year
$4,436
Net assets or fund balances, end of year
$208,268
Program services expenses (Part IX)
$559,157
Management and general expenses
$237,557
Fundraising expenses
$0
Program service expenses (Part III)
$559,157

Program services were 70.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $448,020

  • 1f · All other contributions, gifts and grants

    $20,021

  • 2a · Program service revenue: Apprentriceship Income

    total $35,000 · related or exempt $35,000

  • 2b · Program service revenue: Program Tuition

    total $240,667 · related or exempt $240,667

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $105,000 · management and general $105,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $349,463 · program services $349,463

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $41,973 · management and general $41,973

  • 10 · Payroll taxes

    total $37,678 · program services $29,357 · management and general $8,321

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $9,025 · management and general $9,025

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $4,033 · management and general $4,033

  • 13 · Office expenses

    total $1,694 · management and general $1,694

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $7,824 · program services $7,824

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $2,129 · management and general $2,129

  • 24a · Other expenses: Contract Labor

    total $141,204 · program services $141,204

  • 24b · Other expenses: Dues & Subscription

    total $35,729 · management and general $35,729

  • 24c · Other expenses: Rent

    total $25,402 · management and general $25,402

  • 24d · Other expenses: Financing Fee

    total $10,812 · program services $10,812

  • 24e · All other expenses

    total $24,748 · program services $20,497 · management and general $4,251

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,578 · end of year $208,945

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $3,759

  • 10c · Land, buildings and equipment, net

    beginning of year $1,695 · end of year $3,759

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $4,342

  • 25 · Other liabilities

    end of year $94

  • 31 · Retained earnings, endowment or other funds

    beginning of year $261,273 · end of year $208,268

Mission and programs · 2022

Mission

Build Carolina is a nonprofit organization dedicated to building talent initiatives to support innovative companies across the Carolinas. Initiatives will include internship and apprenticeship programs, fellowships, education and corporate partnerships, civic engagement and training programs.

  • Our mission is to advance South Carolina?s tech community through demand-driven training, connection and support

    Expenses $559,157 · Grants $448,020 · Revenue $743,708

As filed on the 2022 return.

Listed in Part VII

  • Lelia King

    Executive Dir.

    Total calculated
    $105,000
    From this org
    $105,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Anthony Herrera

    Treasurer

    Total calculated
    $0
    Hours/week
    0
  • Melinda Davis-Lux

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Matt Vaadi

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Tom Wilson

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Tara Daly

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Todd Lewis

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Chad Prashad

    Trustee

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 July 2023
IRS schema version
2022v5.0
Source object
202341959349301759

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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