Form 990 for tax year 2022
Filed by DORCHESTER ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $489,055
- Total expenses
- $320,286
- Contributions and grants received
- $430,196
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $6,030
- Other revenue
- $52,829
- Total assets, end of year
- $588,553
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $588,553
- Program services expenses (Part IX)
- $283,816
- Management and general expenses
- $0
- Fundraising expenses
- $36,470
- Program service expenses (Part III)
- $283,816
Program services were 88.6% 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.
-
1f · All other contributions, gifts and grants
$430,196
-
3 · Investment income
total $6,030 · excluded $6,030
-
8a · Fundraising events: gross income
$43,174
-
8b · Fundraising events: direct expenses
$13,402
-
8c · Net income from fundraising events
total $29,772 · excluded $29,772
-
11a · Other revenue: ACCOUNT CREDIT REIMBUR
total $23,057 · excluded $23,057
-
11e · Other revenue, total
$23,057
Functional expenses
Part IX, the statement of functional expenses.
-
12 · Advertising and promotion
total $63,010 · program services $26,841 · fundraising $36,169
-
13 · Office expenses
total $83,384 · program services $83,384
-
14 · Information technology
total $1,500 · program services $1,500
-
16 · Occupancy
total $278 · program services $278
-
17 · Travel
total $29,780 · program services $29,780
-
19 · Conferences, conventions and meetings
total $48,450 · program services $48,149 · fundraising $301
-
24a · Other expenses: WORKFORCE DEVELOPMENT -
total $93,659 · program services $93,659
-
24b · Other expenses: WORKFORCE DEVELOPMENT -
total $225 · program services $225
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $435,539 · end of year $564,903
-
4 · Accounts receivable
beginning of year $24,350 · end of year $23,650
-
17 · Accounts payable and accrued expenses
beginning of year $40,105 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $419,784 · end of year $588,553
Mission and programs · 2022
Mission
DORCHESTER COUNTY ECONOMIC DEVELOPMENT'S MISSION IS TO CREATE AN ENVIRONMENT THAT SUPPORTS NEW BUSINESS GROWTH AND RETENTION ENABLING COMPANIES TO SUCCEED FOR GENERATIONS. IN ADDITION, WE WORK TO STRENGTHEN AND PREPARE OUR COMMUNITY FOR THE FUTURE. THROUGH SUCH EFFORTS, WE AIM TO PROVIDE OUR CITIZENS WITH THE OPPORTUNITIES TO GROW AND PROSPER IN DORCHESTER COUNTY.
-
TO ADDRESS THE OVERALL NEEDS OF DORCHESTER COUNTY BY CREATING JOBS, IMPLEMENTING SUSTAINABLE COMMUNITY AND ECONOMIC DEVELOPMENT, BUILDING INDUSTRY RETENTION AND EXPANISION, ASSISTING THE DEVELOPMENT OF THE DORCHESTER COUNTY WORKFORCE, CREATING EMPLOYMENT OPPORTUNITIES, CONDUCTING MARKETING AND ADVERTISING ACTIVITES, FACILITATING RESEARCH RELATED TO ECONOMIC DEVELOPMENT, ENGAGING IN INCENTIVE NEGOTIATIONS, AND PROMOTING INFRASTRUCTURE DEVELOPMENT.
Expenses $283,816
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Walter Skip ElliottWALTER SKIP ELLIOTT
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Jim MartinJIM MARTIN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Lauren BaileyLAUREN BAILEY
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Edward CrosbyEDWARD CROSBY
COUNCILMAN
- Total calculated
- $0
- Hours/week
- 1
-
Stuart Todd FriddleSTUART TODD FRIDDLE
COUNCILMAN
- Total calculated
- $0
- Hours/week
- 1
-
Kevin HartKEVIN HART
APPOINTED MAYOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad MallettBRAD MALLETT
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tony PopeTONY POPE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lamont StevensLAMONT STEVENS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Henry Hank TaylorHENRY HANK TAYLOR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rita BerryRITA BERRY
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Gail HughesGAIL HUGHES
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Phyllis HughesPHYLLIS HUGHES
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Saundra Sandy PriceSAUNDRA SANDY PRICE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
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
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421349349300017
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