Form 990 for tax year 2022
Filed by ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC.
Totals
- Total revenue
- $1,060,926
- Total expenses
- $341,272
- Contributions and grants received
- $1,046,982
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $790
- Other revenue
- $13,154
- Total assets, end of year
- $1,201,298
- Total liabilities, end of year
- $20,000
- Net assets or fund balances, end of year
- $1,181,298
- Program services expenses (Part IX)
- $256,911
- Management and general expenses
- $84,361
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $256,911
Program services were 75.3% 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)
$25,000
-
1f · All other contributions, gifts and grants
$1,021,982
-
1g · Noncash contributions included above
$25,690
-
3 · Investment income
total $790 · excluded $790
-
11a · Other revenue: DEBT FOPRGIVENESS
total $13,154 · excluded $13,154
-
11e · Other revenue, total
$13,154
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $26,370 · program services $26,370
-
9 · Other employee benefits
total $791 · program services $791
-
10 · Payroll taxes
total $2,017 · program services $2,017
-
11b · Fees: legal
total $1,340 · management and general $1,340
-
11c · Fees: accounting
total $3,689 · management and general $3,689
-
11g · Fees: other
total $151,623 · program services $151,623
-
12 · Advertising and promotion
total $33,392 · program services $33,392
-
13 · Office expenses
total $5,088 · program services $286 · management and general $4,802
-
16 · Occupancy
total $2,856 · management and general $2,856
-
19 · Conferences, conventions and meetings
total $107 · management and general $107
-
23 · Insurance
total $5,206 · program services $1,904 · management and general $3,302
-
24a · Other expenses: BAD DEBT EXPENSE
total $67,000 · management and general $67,000
-
24b · Other expenses: ORGANIZATION EXP
total $25,479 · program services $25,479
-
24c · Other expenses: COMMUNITY & REGIONAL P'SH
total $11,250 · program services $11,250
-
24d · Other expenses: DONATION
total $2,500 · program services $2,500
-
24e · All other expenses
total $2,564 · program services $1,299 · management and general $1,265
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $528,619 · end of year $432,968
-
3 · Pledges and grants receivable
beginning of year $2,450 · end of year $726,181
-
4 · Accounts receivable
beginning of year $25
-
11 · Investments: publicly traded securities
end of year $40,074
-
12 · Investments: other securities
end of year $2,075
-
15 · Other assets
beginning of year $900,400
-
17 · Accounts payable and accrued expenses
beginning of year $2,316
-
24 · Unsecured notes and loans payable
beginning of year $8,154
-
25 · Other liabilities
end of year $20,000
-
27 · Net assets without donor restrictions
beginning of year $1,421,024 · end of year $565,379
-
28 · Net assets with donor restrictions
end of year $615,919
Mission and programs · 2022
Mission
ENHANCEMENT AND PROMOTION OF ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, MARKETING AND COMMUNICATIONS, AND TRANSPORTATION EFFORTS IN SUMTER COUNTY, GEORGIA
-
ECONOMIC DEVELOPMENT - DEVELOPED AND PROMOTED PROJECTS DESIGNED TO ENHANCE ECONOMIC DEVELOPMENT, ENCOURAGE NEW BUSINESS GROWTH AND DOWNTOWN REDEVELOPMENT IN SUMTER COUNTY AND THE MUNICIPALITIES THEREIN BY SUPPORTING NEXT SITE CONSULTING, COMMUNITY & REGIONAL PARTNERSHIPS, AND GROW 2024 CAPITAL CAMPAIGN.
Expenses $130,847
-
WORKFORCE DEVELOPMENT - WORKED CLOSELY WITH BUSINESS AND EDUCATION LEADERS IN SUMTER COUNTY TO ENABLE OUR FUTURE WORKFORCE TO HAVE A GREATER OPPORTUNITY TO DEVELOP THEIR TALENTS AND BE BETTER EQUIPPED TO BECOME PRODUCTIVE MEMBERS IN THE COMMUNITY BY SUPPORTING THE COLLEGE AND CAREER ACADEMY AND LOCATE SOUTH GA LEADS.
Expenses $67,121
-
LEADERSHIP DEVELOPMENT AND REGIONAL SUSTAINABILITY.
Expenses $1,500
-
- PROVIDED ADMINISTRATIVE SUPPORT FOR THE INGNIT COLLEGE AND CAREER AACADEMY, THE GROW 2024 CAMPAIGN, THE STOCK PHOTOGRAPHY LIBRARY, WEBSITE REDESIGN, PARTNERSHIP WITH SOUTH GEORGIA LEADS REGIONAL LEADERSHIP DEVELOPMENT PROGRAM BY SPONSORING A SOUTH GEORGIA REPRESENTATIVE, AND ESTABLISHED A CENSUS COMPLET COUNT COMMITTEE
Expenses $57,443
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mary Beth BrownleeMARY BETH BROWNLEE
DIRECTOR
- Total calculated
- $0
-
Tammye Pettyjohn JonesTAMMYE PETTYJOHN JONES
DIRECTOR
- Total calculated
- $0
-
Bill Harris JrBILL HARRIS JR
SECRETARY TR
- Total calculated
- $0
-
Dr Alex RiccardiDR ALEX RICCARDI
DIRECTOR
- Total calculated
- $0
-
Alex SaratsiotisALEX SARATSIOTIS
CHAIRMAN
- Total calculated
- $0
-
Rene SmithRENE SMITH
DIRECTOR
- Total calculated
- $0
-
Lewis WebbLEWIS WEBB
DIRECTOR AND
- Total calculated
- $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
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349301547
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