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Nonprofiteer
← SOUTH CAROLINA COMMUNITY CAPITAL INC

Form 990 for tax year 2023

Filed by SOUTH CAROLINA COMMUNITY CAPITAL INC.

Totals

Total revenue
$678,177
Total expenses
$288,324
Contributions and grants received
$678,000
Grants paid
$0
Program service revenue
$0
Investment income
$177
Other revenue
$0
Total assets, end of year
$739,464
Total liabilities, end of year
$250,000
Net assets or fund balances, end of year
$489,464
Program services expenses (Part IX)
$278,295
Management and general expenses
$10,029
Fundraising expenses
$0
Program service expenses (Part III)
$278,295

Program services were 96.5% 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

    $18,000

  • 1e · Government grants (contributions)

    $591,000

  • 1f · All other contributions, gifts and grants

    $69,000

  • 3 · Investment income

    total $177 · related or exempt $177

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 12 · Advertising and promotion

    total $1,103 · management and general $1,103

  • 13 · Office expenses

    total $4,268 · program services $1,382 · management and general $2,886

  • 17 · Travel

    total $10,952 · program services $9,585 · management and general $1,367

  • 24a · Other expenses: GRANT EXPENSE

    total $250,000 · program services $250,000

  • 24b · Other expenses: CONFERENCE EXPENSE

    total $19,928 · program services $17,328 · management and general $2,600

  • 24c · Other expenses: WEBSITE HOSTING AND DES

    total $1,073 · management and general $1,073

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,109 · end of year $449,964

  • 4 · Accounts receivable

    beginning of year $37,500 · end of year $39,500

  • 7 · Other notes and loans receivable

    end of year $250,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $250,000

  • 27 · Net assets without donor restrictions

    beginning of year $99,609 · end of year $489,464

Mission and programs · 2023

Mission

OUR MISSION IS TO FACILITATE THE INVESTMENT OF CAPITAL IN SOUTH CAROLINA IN ORDER TO IMPROVE THE QUALITY OF LIFE FOR ALL HER CITIZENS BY PROVIDING RESPONSIBLE AND AFFORDABLE FINANCIAL PRODUCTS AND SERVICES THAT ARE A MAJOR CATALYST FOR COMMUNITY AND ECONOMIC GROWTH IN UNDERSERVED NEIGHBORHOODS AND COMMUNITIES.

  • TO PROVIDE ALTERNATIVE FINANCIAL PRODUCTS AND SERVICES IN SUPPORT OF COMMUNITY ECONOMIC DEVELOPMENT IN LOW AND MODERATE INCOME COMMUNITIES OF SOUTH CAROLINA.

    Expenses $278,295

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sedrick McCullum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Graham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cindi Rourk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terri Hendrix

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amanda Frazier Wong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Milliken Bonds

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bernie Mayzck

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Deborah McKetty

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nate Barber

    SECRETARY/TREASURER

    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
2023
Filed
5 February 2025
IRS schema version
2023v6.0
Source object
202530389349301853

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