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Lower Savannah Regional Development Corporation

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

EIN: 570743789 ✦ Aiken, SC ✦ Designated as a 501(c)(3)

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Overview

What is Lower Savannah Regional Development Corporation?

The Lower Savannah Regional Development Corporation is a nonprofit organization established to stimulate economic growth in a specified region, which includes Aiken, Allendale, Bamberg, Barnwell, Calhoun, and Orangeburg counties. Their mission is to boost employment opportunities and expand business and industry within this region, thereby alleviating governmental burdens and combating community decline. In addition, they promote and support the growth and development of local businesses and residential housing, with their activities geared towards achieving these objectives. Any profits derived from their operations are secondary to their primary function, and, upon dissolution, their assets will be allocated for charitable purposes or to governmental entities.

Is Lower Savannah Regional Development Corporation legitimate?

Lower Savannah Regional Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower Savannah Regional Development Corporation 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

What is the mission statement of Lower Savannah Regional Development Corporation?

The Lower Savannah Regional Development Corporation, often referred to as the Corporation, was established with the primary objective of promoting economic development in a specific region. This region includes Aiken, Allendale, Bamberg, Barnwell, Calhoun, and Orangeburg counties. The Corporation's activities are geared towards assisting the growth and development of businesses within the region, as well as promoting residential housing. Additionally, the Corporation engages in activities that support its primary objectives and contribute to the overall economic development of the region. The Corporation's main goal is to benefit the region economically by fostering increased employment opportunities and expanding business and industry. Any profits or benefits that may accrue to the Corporation's members are considered incidental to its functions. In the event of dissolution, the Corporation's assets will be distributed for charitable purposes or to federal, state, or local governments.

Who is the CEO of Lower Savannah Regional Development Corporation?

William Molnar is the Co. Represen of Lower Savannah Regional Development Corporation.

What is the revenue of Lower Savannah Regional Development Corporation?

Lower Savannah Regional Development Corporation's revenue in 2022 was $18,904.

Who are the executives of Lower Savannah Regional Development Corporation and what are their salaries?


Here are 13 key members and their salaries:


Jerry Bell (Co. Represen)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Cohen (Representati)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janie Cooper-Smith (Representati)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willar Hightower (Co. Represen)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Hill (Co. Represen)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Taylor (Co. Represen)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas L Williams (Co. Represen)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry Wimberly (Co. Represen)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Wright (Representati)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Butler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Haigler (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Kenner (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Siders (Past Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lower Savannah Regional Development Corporation?

Lower Savannah Regional Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lower Savannah Regional Development Corporation

The Lower Savannah Regional Development Corporation, often referred to as the Corporation, was established with a primary objective of fostering economic growth in the Lower Savannah region. This region encompasses Aiken, Allendale, Bamberg, Barnwell, Calhoun, and Orangeburg counties. The Corporation's activities are geared towards promoting and assisting in the expansion of businesses within the region. Furthermore, it seeks to develop residential housing and engage in activities that support and are related to these purposes.

The Corporation's mission is inherently focused on benefiting the region economically. It aims to increase employment opportunities and expand businesses and industries within the Lower Savannah region. By doing so, it intends to alleviate governmental burdens and combat community deterioration. It is important to note that any profits or benefits that accrue to the Corporation's members are considered incidental to its main functions. In the unlikely event of the Corporation's dissolution or liquidation, its assets are to be distributed for charitable purposes or to federal, state, or local governments. This ensures that the Corporation's mission and purpose continue to serve the community even beyond its existence.

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Impact




August, 2024

The Lower Savannah Regional Development Corporation has a significant impact on the economic development and overall well-being of the Lower Savannah region, encompassing Aiken, Allendale, Bamberg, Barnwell, Calhoun, and Orangeburg counties. Through its efforts, the corporation fosters increased employment opportunities, encourages business and industry expansion, and promotes the growth of residential housing in the region. By doing so, it helps alleviate the burdens on government, combats community deterioration, and ultimately contributes to the overall improvement of the community. The corporation's work is crucial in fostering economic growth and enhancing the quality of life for residents in the Lower Savannah region.




This information is meant to be a general summary of Lower Savannah Regional Development Corporation. 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
$18,904 (2022)
Expenses
$8,711 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $64
  • Gross Receipts: $18,904

Assets and Liabilities:

  • Total Assets: $332,941
  • Total Liabilities: $0
  • Net Assets: $332,941

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Organization Details

Founding Year

1982

Principal Officer

William Molnar

Main Address

PO BOX 850, AIKEN, SC, 29802

NTEE Category

Code: S31Z - Community improvement

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