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Upper Savannah Development Corporation FY2020 filing

Not tax-deductible

Greenwood, SC501(c)(4)Since 1982EIN 57-0738045

Upper savannah promotes and assists in the growth and development of small business concerns in its surrounding region in an effort to further economic development.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $70K a year · 36% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.5M
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
33
of 33 voting members
Looks good: 33 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$166K
Spent
$174K
To programs
100%
Net assets
$115K
By yearFY2020–FY2024
Revenue
$166K
FY2020
Revenue by fiscal year
FY2020$166K
FY2021$375K
FY2022$120K
FY2023$162K
FY2024$163K
FY2024$163K
Expenses
$174K
FY2020
Expenses by fiscal year
FY2020$174K
FY2021$135K
FY2022$117K
FY2023$106K
FY2024$103K
FY2024$101K
Net assets
$115K
FY2020
Net assets by fiscal year
FY2020$115K
FY2021$355K
FY2022$358K
FY2023$414K
FY2024$473K
FY2024$535K

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1983.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $174K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

34 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Buddy Agan
Trustee/Dire
$0Pt VII · Sec A
Diane B Anderson
Trustee/Dire
$0Pt VII · Sec A
Jackie Brown
Trustee/Dire
$0Pt VII · Sec A
John T Calhoun
Trustee/Dire
$0Pt VII · Sec A
John R Carter
Trustee/Dire
$0Pt VII · Sec A
Edith Childs
Trustee/Dire
$0Pt VII · Sec A
James a Coleman
Trustee/Dire
$0Pt VII · Sec A
Scott Cooper
Trustee/Dire
$0Pt VII · Sec A
See Upper Savannah Development Corporation 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

Helps small businesses grow and develop to boost the local economy.

Provided by the organization

This section is blank until Upper Savannah Development Corporation claims this page.

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1 program service account for $174K of program spending, described in the organization's own filed words · FY2019.
01

Promote and assist in the growth and development of small business concerns in the region.

$174Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$166K
Ln 12
Fees for servicesLn 2g$166K
Investment incomeLn 3$781
Money outPt IX
$174K
Ln 25
Programscol B$174K
Owns and owesPt X
$115K
net assets · Ln 32
Cash and savingsLn 1–2$45
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
34
listed · VII A
PaidVII A0
Voting boardVI 1a33
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$166K
Investment incomeLn 3$781
Total revenueLn 12$166K
Assets in detailPt X, end of year
CashLn 1$45
Cash and savings togetherLn 1–2$45
InvestmentsLn 11–13−$266K
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$45K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.5M
Net assetsLn 32$115K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$44$45
InvestmentsLn 11–13−$266K−$266K
Land, buildings, equipmentLn 10c$3.0M$2.8M
Total assetsLn 16$2.7M$2.6M
LiabilitiesLn 26$2.6M$2.5M
Net assetsLn 32$123K$115K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$36K$36K
Depreciation, depletion and amortizationLn 22$104K$104K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$174K$174K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $163K$103K$60K$473K 990 PDF
FY2023 $162K$106K$56K$414K 990 PDF
FY2022 $120K$117K$3K$358K 990 PDF
FY2021 $375K$135K$239K$355K 990 PDF
FY2020 Viewing $166K$174K−$8K$115K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $166,218 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $165,731$165,731
VIII-3 Investment incomeExcluded from tax $781$781
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$294−$294
VIII-12 Total revenueRelated to mission $165,437 · Excluded from tax $781$166,218
Part IX · Statement of functional expenses $174,119 across 3 lines filed
IX-20 InterestPrograms $35,868$35,868
IX-22 Depreciation, depletion and amortizationPrograms $104,193$104,193
IX-24 Other expenses (24a–d)Programs $34,058$34,058
IX-25 Total functional expensesPrograms $174,119 · Management $0 · Fundraising $0$174,119
Part X · Balance sheet $2,594,488 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $44$45
X-10c Land, buildings and equipment, netStart of year $2,953,979$2,815,728
X-11 Publicly traded securitiesStart of year −$265,779−$266,073
X-15 Other assetsStart of year $44,008$44,788
X-16 Total assetsStart of year $2,732,252$2,594,488
X-17 Accounts payable and accrued expensesStart of year $500$500
X-25 Other liabilitiesStart of year $98,226$98,226
X-26 Total liabilitiesStart of year $2,608,923$2,479,060
X-27 Net assets without donor restrictionsStart of year $121,308$113,407
X-28 Net assets with donor restrictionsStart of year $2,021$2,021
X-32 Total net assets or fund balancesStart of year $123,329$115,428
X-33 Total liabilities and net assetsStart of year $2,732,252$2,594,488
Part XI · Reconciliation of net assets $115,428 net assets at year end
XI-1 Total revenue$166,218
XI-2 Total expenses$174,119
XI-3 Revenue less expenses−$7,901
XI-4 Net assets at start of year$123,329
XI-10 Net assets at end of year$115,428

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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