Fort Mill Economic Partners
Nonprofit profile at a glance
- EIN
- 651251088
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025, Form 990-EZ 2022, Form 990-N 2020
- Location
- Fort Mill, SC, USA
- Phone
- 8032652627
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Historical Societies & Historic Preservation
Reported finances
- Revenue
- $121,353
- Expenses
- $140,085
- Assets
- $139,349
- Liabilities
- $926
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- Mariah Price (Executive Director)
Highest reported compensation
- Mariah Price (Executive Director): $44,775 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
FMEP exists to improve the economic and social well-being of Fort Mill by building local wealth, diversifying the local economy, attracting and retaining quality jobs, identifying business-friendly resources, and advancing quality-of-life opportunities to ensure a thriving community for both life and work.
What it reported doing in 2025
Fort Mill Economic Partners' Utility Improvement Grant Program encourages reinvestment in, and revitalization of, the downtown commercial district, providing reimbursable matching grants up to $15,000 to help offset the cost of utility improvements to a property owener or tenant's commercial building.
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 most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 85
- Accountability: 69
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.9%; rating input score 60
- Program expense ratio: 50.3%; rating input score 50
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 15th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -15.4%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.99; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 32%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 12.5% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 17.3% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 24.1% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 59.9% of revenue deployed · 50.3% of spending went to programs
- Governance: 22 of 22 board members independent · 2 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $70K in reported program spending
- Leadership: top reported pay $45K · 23 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Sustainability: Operating margin scored 14/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.