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Oconee Alliance INC FY2024 filing

Not tax-deductible

Seneca, SC501(c)(6)Community Development EIN 20-1556020Revenue $607K in FY2024

On file with the IRSinvestoconeesc.com1510 Blue Ridge Blvd Ste 203, 29672-6684 · Seneca, SCTax-exempt since Nov 2007

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Improving life in county through development. Tourism task force creating marketing campaign in order to attract additional visitors and related services.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $77K a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 16.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$607K
+3% vs prior year
Spent
$567K
To programs
66%
Net assets
$772K
By yearFY2020–FY2025
Revenue
$607K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$540K
FY2021$464K
FY2022$625K
FY2023$592K
FY2024$607K
FY2025$487K
Expenses
$567K
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$452K
FY2021$455K
FY2022$487K
FY2023$483K
FY2024$567K
FY2025$409K
Net assets
$772K
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$770K
FY2021$779K
FY2022$622K
FY2023$732K
FY2024$772K
FY2025$850K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $371K Management & general 31% · $176K Fundraising 3% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chuck Perry
Vice Chair
$0Pt VII · Sec A
Amanda Taylor
Secretary
$0Pt VII · Sec A
Rush Thrift
Treasurer
$0Pt VII · Sec A
Kyle Thomas
Past Chair
$0Pt VII · Sec A
See Oconee Alliance INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes county tourism through marketing campaigns to attract visitors and services.

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1 program · $371K · in their own filed words · FY2024
01

Oconee economic alliance is the official marketing and busines recruitment organiztion for oconee county south carolina. The organization works to facilitate the creation and retention of jobs and new investment and improve the quality of life within the county through economic development.

$371Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$607K
Ln 12
Gifts and grantsLn 1h$566K
Fees for servicesLn 2g$22K
Investment incomeLn 3$19K
Money outPt IX
$567K
Ln 25
Programscol B$371K
Managementcol C$176K
Fundraisingcol D$19K
Owns and owesPt X
$772K
net assets · Ln 32
Cash and savingsLn 1–2$772K
Total assetsLn 16$772K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$566K
Government grantsLn 1e$493K
Fees for servicesLn 2g$22K
Investment incomeLn 3$19K
Total revenueLn 12$607K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$770K
Cash and savings togetherLn 1–2$772K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$250
Total assetsLn 16$772K
LiabilitiesLn 26$0
Net assetsLn 32$772K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$732K$772K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$732K$772K
LiabilitiesLn 26$429$0
Net assetsLn 32$732K$772K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$11K$11K
Office expensesLn 13$13K$13K
OccupancyLn 16$29K$17K$10K$1K
Other expenses (24a–d)Ln 24$371K$231K$140K
All other expensesLn 24e$142K$123K$1K$18K
Total functional expensesLn 25$567K$371K$176K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $487K$409K$78K$850K 990 PDF
FY2024 Viewing $607K$567K$40K$772K 990 PDF
FY2023 $592K$483K$109K$732K 990 PDF
FY2022 $625K$487K$138K$622K 990 PDF
FY2021 $464K$455K$9K$779K 990 PDF
FY2020 $540K$452K$88K$770K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $606,966 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $565,346$566,113
I-9 Program service revenuePrior year $20,000$21,500
I-10 Investment incomePrior year $6,724$19,353
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $592,070$606,966
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $482,746$566,706
I-18 Total expensesPrior year $482,746$566,706
I-19 Revenue less expensesPrior year $109,324$40,260
Part VI · Governance 25 of 25 board members independent, 4 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $606,966 across 6 lines filed
VIII-1b Membership dues$73,000
VIII-1e Government grants$493,113
VIII-1h Total contributions, gifts and grants$566,113
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,500$21,500
VIII-3 Investment incomeRelated to mission $19,353$19,353
VIII-12 Total revenueRelated to mission $40,853 · Unrelated business $0 · Excluded from tax $0$606,966
Part IX · Statement of functional expenses $566,706 across 5 lines filed
IX-11c Accounting feesManagement $11,368$11,368
IX-13 Office expensesManagement $12,688$12,688
IX-16 OccupancyPrograms $17,358 · Management $10,489 · Fundraising $1,315$29,162
IX-24 Other expenses (24a–d)Programs $231,137 · Management $140,226$371,363
IX-24e All other expensesPrograms $122,709 · Management $1,418 · Fundraising $17,998$142,125
IX-25 Total functional expensesPrograms $371,204 · Management $176,189 · Fundraising $19,313$566,706
Part X · Balance sheet $771,909 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $133,109$2,128
X-2 Savings and temporary cash investmentsStart of year $598,719$769,531
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $250$250
X-16 Total assetsStart of year $732,078$771,909
X-17 Accounts payable and accrued expensesStart of year $429$0
X-26 Total liabilitiesStart of year $429$0
X-27 Net assets without donor restrictionsStart of year $731,649$771,909
X-32 Total net assets or fund balancesStart of year $731,649$771,909
X-33 Total liabilities and net assetsStart of year $732,078$771,909
Part XI · Reconciliation of net assets $771,909 net assets at year end
XI-1 Total revenue$606,966
XI-2 Total expenses$566,706
XI-3 Revenue less expenses$40,260
XI-4 Net assets at start of year$731,649
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$771,909

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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