Charleston Regional Development Alliance

Not tax-deductible

Charleston, SC501(c)(6)EIN 57-1015804Revenue $4.3M in FY2025

On file with the IRScrda.org65 Fairchild Street Ste 100, 29492-7505 · Charleston, SCTax-exempt since Feb 1996

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The Charleston Regional Development Alliance (crda) was incorporated on february 1, 1995 as a public and private not-for-profit economic Development organization supported and led (continued on schedule o)

90¢ of each $1 spent went to programs.
Run by 98 volunteers and 16 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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
2 of 6
filings with a surplus
Average surplus $49K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
120
of 120 voting members
Looks good: 120 of 120 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
+6% vs prior year
Spent
$4.4M
To programs
90%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$4.3M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$3.6M
FY2022$3.6M
FY2023$3.8M
FY2024$4.1M
FY2025$4.3M
Expenses
$4.4M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.2M
FY2021$3.2M
FY2022$3.8M
FY2023$4.0M
FY2024$4.3M
FY2025$4.4M
Net assets
$2.3M
FY2025-0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.9M
FY2022$2.6M
FY2023$2.5M
FY2024$2.3M
FY2025$2.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1996.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $3.9M Management & general 9% · $402K Fundraising 1% · $36K

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

168 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President and CEO
$395,762Pt VII · Sec A
$240,445Pt VII · Sec A
VP Global Business Development
$220,456Pt VII · Sec A
VP Investor Relations
$167,564Pt VII · Sec A
Senior Director
$146,914Pt VII · Sec A
Director
$0Pt VII · Sec A
Director - County Appointee
$0Pt VII · Sec A
Director - County Appointee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Ginn$395,762$379,674$367,720$342,660$272,430$303,276
Karen H Kuchenbecker$240,445$222,422$206,328$189,940$158,810$167,668
Michael J Graney$220,456$228,282$216,284$205,368$173,852$193,452
Jason Gerard Brown$167,564$158,478————
Jacquelyn Renegar$146,914$127,850$130,219$112,135——
Rachel Megan Anderson—$139,532$133,341$119,740——
Megan Fink—$134,766————
Christopher Jonas———$112,135——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Drives economic growth in the Charleston region by attracting global businesses, talent, and entrepreneurs, and facilitating site selection for company expansion and relocation.

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Provided by the organization

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1 program · $3.9M · in their own filed words · FY2024
01

Crda is an alliance of business, government and higher education working together to drive a strong, sustainable economy in the charleston region. Our efforts include a comprehensive marketing and business development program designed to attract the world's best companies, talent and entrepreneurs to the greater charleston area.

$3.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$4.2M
Other incomeLn 4–11$75K
Investment incomeLn 3$71K
Money outPt IX
$4.4M
Ln 25
Programscol B$3.9M
Managementcol C$402K
Fundraisingcol D$36K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
168
listed · VII A
PaidVII A5
Voting boardVI 1a120
IndependentVI 1b120
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$1.9M
Investment incomeLn 3$71K
Other incomeLn 4–11$75K
Gains on assetsLn 7$2K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$2.3M
Land, buildings, equipmentLn 10c$87K
Other assetsLn 15$1.0M
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 516
VolunteersI 698
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.3M$2.3M
Land, buildings, equipmentLn 10c$107K$87K
Total assetsLn 16$3.8M$3.6M
LiabilitiesLn 26$1.5M$1.3M
Net assetsLn 32$2.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.3M$1.1M$170K$26K
Other salaries and wagesLn 7$544K$469K$66K$9K
Other employee benefitsLn 9$239K$214K$25K
Payroll taxesLn 10$139K$124K$14K
Other fees for servicesLn 11g$314K$275K$39K
Advertising and promotionLn 12$227K$227K
Office expensesLn 13$4K$3K$443
Information technologyLn 14$54K$47K$7K
OccupancyLn 16$238K$202K$36K
Conferences, conventions and meetingsLn 19$534K$534K
Depreciation, depletion and amortizationLn 22$23K$20K$3K
InsuranceLn 23$10K$9K$1K
Other expenses (24a–d)Ln 24$710K$672K$38K
All other expensesLn 24e$23K$20K$3K
Total functional expensesLn 25$4.4M$3.9M$402K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.3M$4.4M−$63K$2.3M 990 PDF
FY2024 $4.1M$4.3M−$197K$2.3M 990 PDF
FY2023 $3.8M$4.0M−$145K$2.5M 990 PDF
FY2022 $3.6M$3.8M−$206K$2.6M 990 PDF
FY2021 $3.6M$3.2M$438K$2.9M 990 PDF
FY2020 $3.7M$3.2M$469K$2.4M 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 FY2025 990 (6 parts)
Part I · Summary $4,301,925 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,119,480$4,155,970
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$119,931$70,856
I-11 Other revenuePrior year $61,617$75,099
I-12 Total revenuePrior year $4,061,166$4,301,925
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 $2,405,324$2,229,271
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,852,821$2,135,361
I-18 Total expensesPrior year $4,258,145$4,364,632
I-19 Revenue less expensesPrior year −$196,979−$62,707
Part VI · Governance 120 of 120 board members independent, no flags
VI-1a Voting members of the governing body120
VI-1b Independent voting members120
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,301,925 across 8 lines filed
VIII-1e Government grants$1,899,470
VIII-1f All other contributions, gifts and grants$2,256,500
VIII-1h Total contributions, gifts and grants$4,155,970
VIII-3 Investment incomeRelated to mission $69,231$69,231
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,625$1,625
VIII-8 Net income from fundraising eventsExcluded from tax $6,309$6,309
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $68,790$68,790
VIII-12 Total revenueRelated to mission $139,646 · Unrelated business $0 · Excluded from tax $6,309$4,301,925
Part IX · Statement of functional expenses $4,364,632 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,111,744 · Management $170,032 · Fundraising $26,159$1,307,935
IX-7 Other salaries and wagesPrograms $469,069 · Management $65,631 · Fundraising $9,362$544,062
IX-9 Other employee benefitsPrograms $213,739 · Management $24,942$238,681
IX-10 Payroll taxesPrograms $124,110 · Management $14,483$138,593
IX-11g Other fees for servicesPrograms $274,663 · Management $39,238$313,901
IX-12 Advertising and promotionPrograms $226,793$226,793
IX-13 Office expensesPrograms $3,098 · Management $443$3,541
IX-14 Information technologyPrograms $47,383 · Management $6,769$54,152
IX-16 OccupancyPrograms $202,132 · Management $35,733$237,865
IX-19 Conferences, conventions and meetingsPrograms $533,855$533,855
IX-22 Depreciation, depletion and amortizationPrograms $19,930 · Management $2,847$22,777
IX-23 InsurancePrograms $8,682 · Management $1,240$9,922
IX-24 Other expenses (24a–d)Programs $672,437 · Management $37,500$709,937
IX-24e All other expensesPrograms $19,643 · Management $2,975$22,618
IX-25 Total functional expensesPrograms $3,927,278 · Management $401,833 · Fundraising $35,521$4,364,632
Part X · Balance sheet $3,578,192 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $445,457$1,334,712
X-2 Savings and temporary cash investmentsStart of year $1,844,535$1,000,722
X-4 Accounts receivableStart of year $55,369$82,667
X-9 Prepaid expenses and deferred chargesStart of year $67,725$30,559
X-10c Land, buildings and equipment, netStart of year $106,767$87,354
X-15 Other assetsStart of year $1,246,988$1,042,178
X-16 Total assetsStart of year $3,766,841$3,578,192
X-17 Accounts payable and accrued expensesStart of year $310,051$330,719
X-25 Other liabilitiesStart of year $1,191,988$987,178
X-26 Total liabilitiesStart of year $1,502,039$1,317,897
X-27 Net assets without donor restrictionsStart of year $1,592,182$1,661,727
X-28 Net assets with donor restrictionsStart of year $672,620$598,568
X-32 Total net assets or fund balancesStart of year $2,264,802$2,260,295
X-33 Total liabilities and net assetsStart of year $3,766,841$3,578,192
Part XI · Reconciliation of net assets $2,260,295 net assets at year end
XI-1 Total revenue$4,301,925
XI-2 Total expenses$4,364,632
XI-3 Revenue less expenses−$62,707
XI-4 Net assets at start of year$2,264,802
XI-6 Donated services and use of facilities$58,200
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,260,295

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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