Overview
What is Investsc Inc?
Investsc Inc, established in 2007 by the South Carolina Jobs and Economic Development Authority, is a nonprofit organization based in Columbia, South Carolina. Its mission is to foster economic growth within the state by serving as a vital resource for companies looking to establish or expand their operations in South Carolina. Investsc Inc achieves this objective by offering seed capital, thereby alleviating some of the state's economic burden. With a single employee, this organization plays a crucial role in supporting South Carolina's economic development goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Investsc Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 77%. This rating is derived entirely from accountability and finance metrics, indicating a strong focus on financial integrity and oversight. The charity has demonstrated excellent practices, such as a majority-independent board and transparent financial statements, contributing positively to its overall score.
The organization excels in several key areas, including having a high program expense ratio of 98.87%, which suggests that almost all of its funds are directed towards its programs. Additionally, it has scored full points in crucial accountability measures, such as its conflict of interest policy and the retention of meeting minutes, showcasing a commitment to ethical governance and operational transparency.
However, there are aspects where the organization could improve, particularly in its liabilities to assets ratio, where it scored only 2 out of 15 points. This may indicate potential financial risks that need to be addressed, suggesting that while Investsc Inc operates effectively in its programs, it should focus on strengthening its financial stability to enhance its overall rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Investsc Inc legitimate?
Investsc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Investsc Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $41,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Investsc Inc?
InvestSC Inc's mission is centered around promoting economic development within a specific region. They accomplish this by serving as a crucial resource, providing capital to companies aiming to establish or expand their operations within the area. By doing so, InvestSC lessens the economic burden on the state and contributes to strengthening its economic foundation, thereby supporting the economic development goals of the region.
Who is the CEO of Investsc Inc?
Harry Huntley is the Executive Director of Investsc Inc.
What is the revenue of Investsc Inc?
Investsc Inc's revenue in 2022 was $11,486,593.
Who are the executives of Investsc Inc and what are their salaries?
The average compensation at Investsc Inc during 2022 was $41,000. There is 1 employee and 3 volunteers at Investsc Inc.
Here are 5 key members and their salaries:
- Compensation: $41,000
- Related: $0
- Other: $9,154
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Investsc Inc?
Investsc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Investsc Inc
InvestSC Inc, a nonprofit organization established in 2007, is dedicated to promoting economic development within South Carolina. Their mission is to serve as a valuable resource, offering capital to companies looking to establish or expand their operations within the state. By doing so, InvestSC lessens the economic burden on South Carolina, as per IRC Reg 1.501(C)(3)-1(D)(2). This seed capital provided by InvestSC strengthens the economic base of the state, contributing to its overall development goals.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Investsc Inc plays a vital role in promoting economic development in South Carolina by providing essential seed capital to local enterprises. Established in 2007 by the South Carolina Jobs and Economic Development Authority, the organization aims to strengthen the state's economic base and support its development goals. By facilitating access to venture capital, Investsc Inc enables companies to locate or expand their operations in South Carolina, fostering job creation and community improvement.
The organization's efforts help alleviate the financial burdens that businesses often face, allowing them to thrive and contribute to the local economy. As a key resource for investment, Investsc Inc enhances the state's attractiveness to both new and existing companies, ultimately leading to sustainable economic growth and enhanced community well-being in Columbia and beyond.
This information is meant to be a general summary of Investsc Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$738,407
- Gross Receipts: $12,995,668
Assets and Liabilities:
- Total Assets: $24,434,471
- Total Liabilities: $16,390,737
- Net Assets: $8,043,734
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(803) 737-0627Principal Officer
Harry Huntley
Main Address
1201 MAIN STREET 1600, COLUMBIA, SC, 29201
NTEE Category
Code: S30 - Community improvement
If you are a representative of Investsc Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.