Ccedc Two INC EIN 37-1664681

Ccedc Two INC

EIN  37-1664681 Public charity (501(c)(3)) Walterboro, SC
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Size
$100K–1M
What they do
Develops Colleton County by funding job creation, economic growth, and essential government projects.
Leadership
Anderson Grant · Board Member
Money in and out
$181K revenue, $106K expenses
Bottom line
95% program efficiency

Develops Colleton County by funding job creation, economic growth, and essential government projects. For fiscal year 2024 it reported $181K in revenue, $106K in expenses, and $2.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $75K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
44.3mo
months of highly liquid reserves at operating expense rate▲ +47% vs prior filing year
Surplus margin
+41%
revenue over expenses, this year▲ +271% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$181K
FY2024▲ +78%
Expenses
$106K
FY2024▼ -16%
Total assets
$2.3M
FY2024▲ +3%
Total liabilities
$0
FY2024
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$75K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $101K of program spending, described in the organization's own filed words · FY2024.
01

Colleton county grants to provide direct assistance to dogwood hills. Received 5 quarters in 2024 tax year.

$100Kprogram expense
02

Expenses incurred for economic development for magnolia house.

$1Kprogram expense
03

Dominion energy has leased a parcel in venture park for 3 years and paid in full in 2024.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCcedc Two INC
EINHdr · item D37-1664681
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 BMFMar 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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Statement of Revenue

Part VIII
Contributions & grants$125K · 69%
Other revenue$57K · 31%
Contributions & grants69%$125K
Other revenue31%$57K
— government grantsLn 1e$125K
Total revenueLn 12$181K

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%$101K
Management & general5%$5K
Total functional expensesLn 25$106K

Balance Sheet

Part X · end of year
CashLn 1$393K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.3M
Months of cash on handcomputed44.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $393K · Operating expenses/yr $106K
44.3 months
Where the money goes
Program services
Program services $101K · Total expenses $106K
95%
Management & General
Management & general $5K · Total expenses $106K
5%
Fundraising
Fundraising $0 · Total expenses $106K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $707
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $125K · Total revenue $181K
69%
Government reliance
Government grants $125K · Total revenue $181K
69%
Earned-income share
Program service revenue $0 · Total revenue $181K
0%
Investment reliance
Investment income $0 · Total revenue $181K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $106K
0%
Growth & trend
Revenue growth (YoY)
This year $181K · Prior year $102K
+78%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $181K · Expenses $106K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
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 $106K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $106K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 78%
Accounting fee ratio 1%

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 · 6 grants · $850K · 2021–2024
Colleton CountyFY2024$99,748
Colleton CountyFY2023$99,748
Colleton CountyFY2022$99,748
Colleton CountyFY2022$19,015
Colleton CountyFY2021$474,937
Colleton CountyFY2021$57,045

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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)$181K revenue · viewing · ⤓ 990 PDF
FY2023$102K revenue · ⤓ 990 PDF
FY2022$119K revenue · ⤓ 990 PDF
FY2021$532K 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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