Emyrge Inc

Nonprofit profile at a glance

EIN
844691718
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Myrtle Beach, SC, USA
Phone
8438390014
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance

Reported finances

Revenue
$159,988
Expenses
$134,036
Assets
$95,451
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JENNY HALSTEAD (EXECUTIVE DIRECTOR)
  • DANIEL O'SULLIVAN (VICE PRESIDENT)

People named in this filing

  • JOSEPH CLARK (CHARIMAN)
  • JENNY HALSTEAD (EXECUTIVE DIRECTOR)
  • DANIEL O'SULLIVAN (VICE PRESIDENT)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Emyrge was organized to foster economic growth in myrtle beach by providing entrepreneurs and start-up companies with local support, opportunities, and resources they need to further their visions.

What it reported doing in 2024

To provide individuals, businesses, and students with education, skills, and resources needed to foster the development of new applications of technology locally. The program includes regular workshops, seminars, and one-on-one mentorship sessions aimed at fostering business development locally.

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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 100
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.5%; rating input score 55
  • Program expense ratio: 65.1%; rating input score 65

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 16.2%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 31.5% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 54.5% of revenue deployed · 65.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $87K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.