Economic Development Committee the Committee of 100
Nonprofit profile at a glance
- EIN
- 237154373
- IRS 990-EZ coverage
- 2009–2015
- Forms available
- Form 990-EZ 2015
- Location
- Columbia, SC, USA
- Phone
- 8037331142
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
Reported finances
- Revenue
- $120,294
- Expenses
- $109,449
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- SANDRA WALLACE (DIRECTOR)
- BARRIE KIRK (CHAIR-ELECT)
- CHIP SALAK (CHAIRMAN)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and support the activities of the central carolina economic development alliance using volunteer financial and manpower support of the business and professional community in central South Carolina.
What it reported doing in 2015
The expenses were incurred in promoting South Carolina in an effort to attract new business and industry.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.2%; rating input score 85
- Program expense ratio: 93.7%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 9%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 35.1%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: -16.2% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 85.2% of revenue deployed · 93.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $102K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2009 to 2015
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 9/100.