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Nonprofiteer
← GREENWOOD COMMUNITY IMPROVEMENT FOUNDATION INC

Form 990 for tax year 2024

Filed by GREENWOOD COMMUNITY IMPROVEMENT FOUNDATION INC.

Totals

Total revenue
$163,234
Total expenses
$169,500
Contributions and grants received
$118,016
Grants paid
$0
Program service revenue
$39,827
Investment income
$1,296
Other revenue
$4,095
Total assets, end of year
$586,927
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$586,927
Program services expenses (Part IX)
$167,693
Management and general expenses
$1,807
Fundraising expenses
$0
Program service expenses (Part III)
$167,693

Program services were 98.9% 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)

    $85,915

  • 1f · All other contributions, gifts and grants

    $32,101

  • 2a · Program service revenue: SERVICE REVENUE

    total $22,827 · related or exempt $22,827

  • 2b · Program service revenue: BUILDING RENT

    total $17,000 · related or exempt $17,000

  • 3 · Investment income

    total $1,296 · excluded $1,296

  • 11a · Other revenue: 110% GIVERS SCHOLARSHIP

    total $4,095 · related or exempt $4,095

  • 11e · Other revenue, total

    $4,095

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $853 · program services $810 · management and general $43

  • 16 · Occupancy

    total $11,559 · program services $10,981 · management and general $578

  • 22 · Depreciation, depletion and amortization

    total $20,000 · program services $19,000 · management and general $1,000

  • 23 · Insurance

    total $3,714 · program services $3,528 · management and general $186

  • 24a · Other expenses: GWD TOGETHER INITIATIVE

    total $79,448 · program services $79,448

  • 24b · Other expenses: CAPITAL PROJECT SALES TAX

    total $32,665 · program services $32,665

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $14,346 · program services $14,346

  • 24d · Other expenses: GWD COUNTY BUSINESS DEV.

    total $4,498 · program services $4,498

  • 24e · All other expenses

    total $2,417 · program services $2,417

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $236,307 · end of year $249,412

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

    $880,657

  • 10b · Land, buildings and equipment: accumulated depreciation

    $543,142

  • 10c · Land, buildings and equipment, net

    beginning of year $356,886 · end of year $337,515

  • 27 · Net assets without donor restrictions

    beginning of year $485,034 · end of year $478,768

  • 28 · Net assets with donor restrictions

    beginning of year $108,159 · end of year $108,159

Mission and programs · 2024

Mission

SUPPORT COMMUNITY PROGRAMS

  • PROVIDE A MEETING PLACE AND ASSISTANCE TO CHAMBER PROJECTS IN THE COMMUNITY.

    Expenses $83,747 · Revenue $39,827

  • TO PROMOTE WORKFORCE DEVELOPMENT IN GREENWOOD COUNTY.

    Expenses $4,498

  • TO PROMOTE INITIATIVES IN GREENWOOD COUNTY.

    Expenses $79,448

As filed on the 2024 return.

Listed in Part VII

  • Trentsie Williams

    PRESIDENT

    Total calculated
    $99,415
    From this org
    $0
    From related orgs
    $99,415
    Other
    $0
    Hours/week
    40

  • Zac Campbell

    CHAIR

    Total calculated
    $0
    Hours/week
    0.28

  • Josh Garvin

    TREASURER

    Total calculated
    $0
    Hours/week
    0.17

  • Cyndi New

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.17

  • Jeff Smith

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.17

  • David Trent

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    0.17

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202533219349307993

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