Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
33 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
16 people listed on the 990; $99K paid to officers and key staff.
Peggy Masterson’s $99K as Director is at the 71st percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 |
|---|---|---|
| Peggy Masterson | $98,673 | $94,982 |
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 15aNo
Programs and updates
Helps Grand Strand governments reduce their financial and operational burdens.
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Partnership grand strand aims to focus upon scaling up transportation infrastructure, supporting the revitalization of myrtle beach's downtown and oceanfront areas, attracting, developing, and retaining local employees, growing small business opportunities, and diversifying the region's economy.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $498K | $213K |
| Total assetsLn 16 | $1.9M | $1.1M |
| LiabilitiesLn 26 | $6K | $49K |
| Net assetsLn 32 | $1.9M | $1.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $411K | $411K | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $893K | $428K | $464K | |
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $1.3M | $428K | $879K | $2K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $411K | $1.3M | −$899K | $1.0M | 990 PDF |
| FY2024 | $552K | $1.0M | −$477K | $1.9M | 990 PDF |
| FY2023 | $1.2M | $642K | $597K | $2.4M | 990 PDF |
| FY2022 | $2.2M | $361K | $1.8M | $1.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $411,342 across 5 lines filed
Part IX · Statement of functional expenses $1,309,987 across 4 lines filed
Part X · Balance sheet $1,078,459 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,029,045 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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