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Central Midlands Development Corporation FY2022 filing

Tax-deductible

Columbia, SC501(c)(3)Public & Societal Benefit EIN 58-3186011Revenue $164K in FY2022

On file with the IRS236 Stoneridge Dr, 29210-8010 · Columbia, SCTax-exempt since May 1984Publicly supported charity — 170(b)(1)(A)(vi)

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Central Midlands Development Corporation (hereinafter "cmdc") was established as a south carolina Corporation on may 17, 1982 "to further economic Development and social welfare of the Central Midlands by fostering increased employment opportunities for the citizens of the area.

501(c)(3) charity; gifts are tax-deductible.
81¢ 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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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
4 of 5
filings with a surplus
Average surplus $162K a year · 85% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1355 mo
of spending, in cash
Looks good: 1354.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $16K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$164K
-71% vs prior year
Spent
$7K
To programs
81%
Net assets
$734K
By yearFY2021–FY2025
Revenue
$164K
FY2022▼ -71%
Tap a bar for its year
Revenue by fiscal year
FY2021$565K
FY2022$164K
FY2023$131K
FY2024$4K
FY2025$86K
Expenses
$7K
FY2022▼ -69%
Tap a bar for its year
Expenses by fiscal year
FY2021$21K
FY2022$7K
FY2023$2K
FY2024$81K
FY2025$32K
Net assets
$734K
FY2022▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2021$579K
FY2022$734K
FY2023$864K
FY2024$787K
FY2025$1.2M

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 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 May 1984.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $5K Management & general 19% · $1K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Frank Adams
Board Member
$0Pt VII · Sec A
Eloise Bishop
Board Member
$0Pt VII · Sec A
Robert Davis
Board Member
$0Pt VII · Sec A
Smokey Davis
Board Member
$0Pt VII · Sec A
Mike Dawson
Board Member
$0Pt VII · Sec A
Robert N Hubbs
Board Member
$0Pt VII · Sec A
Marietta Hunter
Vice-Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
See Central Midlands 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

Fosters employment and economic development for citizens in the Central Midlands.

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Provided by the organization

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3 programs · $5K · in their own filed words · FY2021
01

Community Development

Supported local food system, arts, and small business development by helping to facilitate the annual richland county agriculture and art tour. Supported 2020 census outreach efforts and food insecurity initiatives within the hispanic community. This program SERVED/REACHED approximately 140 families and 400 individuals.

$5Kprogram expense
02

Transportation Improvement

Worked with local government partners and private sector community leaders to facilitate development of regional gateway beautification efforts on major thoroughfares around columbia.

Pt IX · col B
03

Elderly Services

Provided supplemental senior meals and other senior support services on an as needed basis.

Pt IX · col B

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 · FY2021
Central Carolina Community FoundationFY2021$10K
Molina Healthcare Charitable FoundationFY2021$4K
The Parrish Family FoundationFY2021$3K
Total grants receivedfrom 3 funders$16K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$164K
Ln 12
Gifts and grantsLn 1h$164K
Investment incomeLn 3$153
Money outPt IX
$7K
Ln 25
Programscol B$5K
Managementcol C$1K
Owns and owesPt X
$734K
net assets · Ln 32
Cash and savingsLn 1–2$736K
Total assetsLn 16$736K
LiabilitiesLn 26$1K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$164K
Investment incomeLn 3$153
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$736K
Cash and savings togetherLn 1–2$736K
Total assetsLn 16$736K
LiabilitiesLn 26$1K
Net assetsLn 32$734K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$582K$736K
Total assetsLn 16$582K$736K
LiabilitiesLn 26$3K$1K
Net assetsLn 32$579K$734K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$7K$5K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $86K$32K$53K$1.2M 990 PDF
FY2024 $4K$81K−$77K$787K 990 PDF
FY2023 $131K$2K$130K$864K 990 PDF
FY2022 Viewing $164K$7K$157K$734K 990 PDF
FY2021 $565K$21K$544K$579K 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 FY2022 990 (6 parts)
Part I · Summary $163,903 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $565,351$163,750
I-9 Program service revenue$0
I-10 Investment incomePrior year $6$153
I-11 Other revenue$0
I-12 Total revenuePrior year $565,357$163,903
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,939$6,515
I-18 Total expensesPrior year $20,939$6,515
I-19 Revenue less expensesPrior year $544,418$157,388
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $163,903 across 4 lines filed
VIII-1f All other contributions, gifts and grants$163,750
VIII-1h Total contributions, gifts and grants$163,750
VIII-3 Investment incomeExcluded from tax $153$153
VIII-12 Total revenueExcluded from tax $153$163,903
Part IX · Statement of functional expenses $6,515 across 2 lines filed
IX-23 InsuranceManagement $1,211$1,211
IX-24 Other expenses (24a–d)Programs $5,304$5,304
IX-25 Total functional expensesPrograms $5,304 · Management $1,211 · Fundraising $0$6,515
Part X · Balance sheet $735,579 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $581,783$735,579
X-16 Total assetsStart of year $581,783$735,579
X-19 Deferred revenueStart of year $1,107$1,107
X-26 Total liabilitiesStart of year $2,807$1,107
X-27 Net assets without donor restrictionsStart of year $35,476$31,472
X-28 Net assets with donor restrictionsStart of year $543,500$703,000
X-32 Total net assets or fund balancesStart of year $578,976$734,472
X-33 Total liabilities and net assetsStart of year $581,783$735,579
Part XI · Reconciliation of net assets $734,472 net assets at year end
XI-1 Total revenue$163,903
XI-2 Total expenses$6,515
XI-3 Revenue less expenses$157,388
XI-4 Net assets at start of year$578,976
XI-8 Prior period adjustments−$1,892
XI-10 Net assets at end of year$734,472

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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