Ccedc One Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364725469 ✦ Walterboro, SC ✦ Designated as a 501(c)(3)

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Overview

What is Ccedc One Inc?

Ccedc One Inc, based in Walterboro, South Carolina, is a nonprofit organization primarily focused on facilitating economic development in the region. Their activities aim to promote essential governmental endeavors and support community development initiatives. This is done with the objective of enhancing the quality of life by creating new job opportunities and broadening the tax base of Colleton County. Notably, they have sold a significant building and also have an option to purchase adjacent property for future expansion.


Official website here: www.southerncarolina.org/colleton/ccea

Is Ccedc One Inc legitimate?

Ccedc One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ccedc One 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.southerncarolina.org/colleton/ccea

What is the mission statement of Ccedc One Inc?

Ccedc One Inc's mission is centered around promoting essential governmental endeavors and functions in economic development. Their primary goal is to support community development initiatives, aiming to enhance the quality of life in the community. This is achieved by creating new job opportunities and broadening the tax base. The corporation also engages in economic development activities at various locations, and has options to purchase adjacent properties. Notably, they sold the Colleton Spectacular Building to NM GL, LLC for $1,250,000, resulting in a financial loss.


Official website here: www.southerncarolina.org/colleton/ccea

Who is the CEO of Ccedc One Inc?

J Kevin Griffin is the President of Ccedc One Inc.


Official website here: www.southerncarolina.org/colleton/ccea

What is the revenue of Ccedc One Inc?

Ccedc One Inc's revenue in 2022 was -$1,691,005.


Official website here: www.southerncarolina.org/colleton/ccea

Who are the executives of Ccedc One Inc and what are their salaries?


Here are 3 key members and their salaries:


J Kevin Griffin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heyward Horton (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hank Amundson (Chairman Of Finance)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.southerncarolina.org/colleton/ccea

Where can I find the form 990 for Ccedc One Inc?

Ccedc One Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.southerncarolina.org/colleton/ccea

Learn more at the official website: www.southerncarolina.org/colleton/ccea

Mission Statement of Ccedc One Inc

Ccedc One Inc, a nonprofit organization, is dedicated to advancing essential governmental endeavors and functions in the realm of economic development. Its primary mission is to support community development initiatives with the ultimate goal of enhancing the quality of life by creating new job opportunities and broadening the tax base. By promoting economic development at various locations, Ccedc One Inc aims to contribute positively to its community's growth and prosperity. One of its notable actions was the option to purchase adjacent property next to the Colleton Mega Site for $10,000, demonstrating its commitment to expanding economic opportunities. However, the organization incurred a loss when it sold the Colleton Spectacular Building for $1,250,000. Despite this financial setback, Ccedc One Inc remains steadfast in its mission to drive economic development and community growth.

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Impact




October, 2024

Ccedc One Inc plays a crucial role in driving economic development in Colleton County, South Carolina. By engaging in various initiatives, the organization aims to enhance community growth and elevate the quality of life for residents. Its efforts include facilitating essential governmental endeavors, which focus on creating new job opportunities and expanding the tax base in the region.

The organization's strategic activities, such as acquiring properties adjacent to key economic sites like the Colleton Mega Site, demonstrate its commitment to fostering a conducive environment for business development. Additionally, the sale of significant properties, even at a loss, indicates a proactive approach to real estate that seeks long-term benefits for the community.

Through its mission, Ccedc One Inc supports initiatives that not only aim to stimulate the local economy but also empower the community by providing essential resources and promoting sustainable development. This holistic approach seeks to improve the overall well-being of Colleton County residents, creating a more vibrant and economically resilient community.




This information is meant to be a general summary of Ccedc One 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.

Revenue
-$1,691,005 (2022)
Expenses
$14,160 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,712,965
  • Program Service Revenue: $15,000
  • Gross Receipts: $1,271,960

Assets and Liabilities:

  • Total Assets: $7,273,947
  • Total Liabilities: $0
  • Net Assets: $7,273,947

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OPTION PAYMENT TO BUY PROPERTY

Revenue

$15,000

Organization Details

Founding Year

2011

Principal Officer

J Kevin Griffin

Main Address

403 E WASHINGTON STREET, WALTERBORO, SC, 29488

NTEE Category

Code: S31 - Community improvement

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