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Nonprofiteer
← ECONOMIC FUTURES GROUP

Form 990 for tax year 2024

Filed by ECONOMIC FUTURES GROUP.

Totals

Total revenue
$1,653,660
Total expenses
$1,543,534
Contributions and grants received
$1,630,389
Grants paid
$0
Program service revenue
$0
Investment income
$23,271
Other revenue
$0
Total assets, end of year
$3,677,374
Total liabilities, end of year
$1,784,620
Net assets or fund balances, end of year
$1,892,754
Program services expenses (Part IX)
$1,331,926
Management and general expenses
$211,608
Fundraising expenses
$0
Program service expenses (Part III)
$1,331,926

Program services were 86.3% 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.

  • 1b · Membership dues

    $184,578

  • 1e · Government grants (contributions)

    $1,396,507

  • 1f · All other contributions, gifts and grants

    $49,304

  • 3 · Investment income

    total $23,271 · related or exempt $23,271

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $782,429 · program services $782,429

  • 11g · Fees: other

    total $5,775 · program services $5,775

  • 12 · Advertising and promotion

    total $23,955 · program services $23,955

  • 13 · Office expenses

    total $1,309 · management and general $1,309

  • 17 · Travel

    total $17,080 · program services $17,080

  • 19 · Conferences, conventions and meetings

    total $29,900 · program services $29,900

  • 24a · Other expenses: PROFESSIONAL SERVICES

    total $292,395 · program services $292,395

  • 24b · Other expenses: MISSION SUPPORT

    total $206,656 · management and general $206,656

  • 24c · Other expenses: DUES & SUBSCRIPTION

    total $179,702 · program services $179,702

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $3,616 · management and general $3,616

  • 24e · All other expenses

    total $717 · program services $690 · management and general $27

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,994,384 · end of year $3,075,086

  • 4 · Accounts receivable

    beginning of year $23,500 · end of year $127,288

  • 7 · Other notes and loans receivable

    beginning of year $475,000 · end of year $475,000

  • 15 · Other assets

    beginning of year $122,888 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,383 · end of year $136,394

  • 19 · Deferred revenue

    beginning of year $55,067 · end of year $56,839

  • 25 · Other liabilities

    beginning of year $1,670,695 · end of year $1,591,387

  • 27 · Net assets without donor restrictions

    beginning of year $1,782,627 · end of year $1,892,754

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO INCREASE AND ENHANCE ECONOMIC DEVELOPMENT IN SPARTANBURG COUNTY

Activities or mission (Part I)

TO INCREASE AND ENHANCE ECONOMIC DEVELOPMENT IN SPARTANBURG COUNTY.

  • TO INCREASE AND ENHANCE ECONOMIC DEVELOPMENT IN SPARTANBURG COUNTY

    Expenses $1,331,926

As filed on the 2024 return.

Listed in Part VII

  • Phil Feisal

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Todd Horne

    VICE CHAIR - ONESPARTANBUR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Alex Evins

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Linda Hannon

    VICE CHAIR - GOVERNMENTAL

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Ethan Burroughs

    VICE CHAIR - ECONOMIC DEVE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Daniel Craig

    VICE CHAIR - INVESTOR RELA

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Andrew Cajka

    VICE CHAIR - TOURISM

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Avi Lawrence

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Ralph Settle

    VICE CHAIR - LEADERSHIP

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Pontheolla Abernathy

    AT LARGE - MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • William Gray

    VICE CHAIR - DOWNTOWN DEVE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Mitch Kennedy

    AT LARGE - MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Bennie Harris

    AT LARGE - MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Devin Bird

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Patrick Keese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Sherry McCraw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • Allen Smith

    PRESIDENT/CEO

    Total calculated
    $0
    Hours/week
    40 + 40 related

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
15 January 2026
IRS schema version
2024v5.5
Source object
202600169349300720

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