Ccedc One INC EIN 36-4725469 Form 990 (PDF) Claim this org

Ccedc One INC

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Promotes economic growth and job creation in Colleton County, South Carolina. For fiscal year 2024 it reported $0 in revenue, $198K in expenses, and $7.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Walterboro, SC
Website
southerncarolina.org/colleton/ccea
Filings
4 on file (2020–2024)
Revenue
$0FY2024
Expenses
$198K
Net assets
$7.0M
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  36-4725469 Public charity (501(c)(3)) Walterboro, SC
Form 990 (PDF)
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Size
<$100K
What they do
Promotes economic growth and job creation in Colleton County, South Carolina.
Leadership
Anderson Grant · Board Member
Money in and out
$0 revenue, $198K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$7.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$198K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▼ -1.0% vs prior filing year
Operating runway
111.6mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$0
FY2024▼ -100%
Expenses
$198K
FY2024▲ +18%
Total assets
$7.0M
FY2024▼ -3%
Total liabilities
$0
FY2024
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$7.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$198K
Total assetsPt X · Ln 16$7.0M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCcedc One INC
EINHdr · item D36-4725469
Principal addressHdr · item CWalterboro, SC
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFMay 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
President-Cty Administrator
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $189K of program spending, described in the organization's own filed words · FY2024.
01

Mega site incurred some attorney fees, an option on a piece of property, wetland mitigation for the sewer, and maintenance of mowing and cleaning the roads.

$166Kprogram expense
02

Economic development at various locations including CC commerce center where a wetland study was performed.

$22Kprogram expense
03

Venture park incurred landscaping in the park.

$1Kprogram expense

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$189K
Management & general5%$9K
Total functional expensesLn 25$198K

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$7.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$7.0M
Months of cash on handcomputed111.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $198K
111.6 months
Where the money goes
Program services
Program services $189K · Total expenses $198K
95%
Management & General
Management & general $9K · Total expenses $198K
5%
Fundraising
Fundraising $0 · Total expenses $198K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $33K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
Government reliance
Government grants — · Total revenue $0
Earned-income share
Program service revenue $0 · Total revenue $0
Investment reliance
Investment income $0 · Total revenue $0
Program self-sufficiency
Program service revenue $0 · Total expenses $198K
0%
Growth & trend
Revenue growth (YoY)
This year $0 · Prior year $100K
-100%
Net-asset trend (YoY)
End of year $7.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $0 · Expenses $198K
Liabilities-to-Assets
Total liabilities — · Total assets $7.0M
Net-asset ratio
Net assets $7.0M · Total assets $7.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anderson Grant · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $198K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $198K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth -100%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $17K · 2020–2020
Colleton County MuseumFY2020$17,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$0 revenue · viewing · ⤓ 990 PDF
FY2023$100K revenue · ⤓ 990 PDF
FY2022$-1.7M revenue · ⤓ 990 PDF
FY2021not on file
FY2020$290K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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