South Carolina Rural Rehabilitation Corporation

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

EIN: 576005725 ✦ Gilbert, SC ✦ Designated as a 501(c)(4)

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Overview

What is South Carolina Rural Rehabilitation Corporation?

South Carolina Rural Rehabilitation Corporation is a nonprofit organization situated in Gilbert, South Carolina. Their primary mission revolves around promoting rural growth and development by aiding in the financing of agricultural properties for individuals who struggle to secure financing from other sources. To further support the agricultural sector, the corporation offers scholarships and grants to aspiring agricultural students and related organizations. With a small workforce of three employees, they actively collaborate with the Farm Service Agency (USDA) to extend these financial services.

Is South Carolina Rural Rehabilitation Corporation legitimate?

South Carolina Rural Rehabilitation Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. South Carolina Rural Rehabilitation 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: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,400

For more financial information, click here

What is the mission statement of South Carolina Rural Rehabilitation Corporation?

The South Carolina Rural Rehabilitation Corporation is dedicated to fostering rural growth and development. They accomplish this by offering financial assistance to individuals who struggle to secure funding for agricultural properties from other sources. Furthermore, the corporation provides scholarships and grants to students and organizations involved in agriculture. Their financial services are facilitated through collaboration with the Farm Service Agency (FSA) under the USDA, aiding rural families in acquiring and developing their farms.

Who is the CEO of South Carolina Rural Rehabilitation Corporation?

Mike Hucks is the Director of South Carolina Rural Rehabilitation Corporation.

What is the revenue of South Carolina Rural Rehabilitation Corporation?

South Carolina Rural Rehabilitation Corporation's revenue in 2023 was $858,527.

Who are the executives of South Carolina Rural Rehabilitation Corporation and what are their salaries?

The average compensation at South Carolina Rural Rehabilitation Corporation during 2023 was $49,467. There are 3 employees at South Carolina Rural Rehabilitation Corporation.


Here are 7 key members and their salaries:


Michael Crosby (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Philip Perry (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Wesley L Harris (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
William Stanley (President)
  • Compensation: $25,000
  • Related: $0
  • Other: $0
Penn Rogers (Vice President)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Mike Hucks (Secretary/Treasurer)
  • Compensation: $55,500
  • Related: $0
  • Other: $0
Donald Perry (Director)
  • Compensation: $2,500
  • Related: $0
  • Other: $0
Where can I find the form 990 for South Carolina Rural Rehabilitation Corporation?

South Carolina Rural Rehabilitation Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of South Carolina Rural Rehabilitation Corporation

South Carolina Rural Rehabilitation Corporation, a nonprofit organization, is dedicated to promoting rural growth and development. It achieves this by providing financial assistance for agricultural property to individuals who struggle to secure financing from other sources. Furthermore, the corporation extends its support by offering scholarships and grants to agricultural students and organizations. By engaging in these activities, South Carolina Rural Rehabilitation Corporation plays a significant role in nurturing the agricultural sector and contributing to the development of rural communities.

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Impact




October, 2024

The South Carolina Rural Rehabilitation Corporation plays a vital role in promoting rural growth and development by facilitating access to financing for agricultural property. This support is particularly crucial for individuals and families who struggle to secure financing through conventional sources, enabling them to achieve land ownership and farm development.

By partnering with the Farm Service Agency (USDA), the organization delivers essential financial services that empower rural communities to thrive economically. Additionally, the corporation enhances educational opportunities in agriculture by providing scholarships and grants to aspiring agricultural students and organizations. This multifaceted approach not only fosters individual and community advancement but also contributes to the overall improvement of rural areas in South Carolina.




This information is meant to be a general summary of South Carolina Rural Rehabilitation 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
$858,527 (2023)
Expenses
$280,322 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $13,155
  • Program Service Revenue: $845,372
  • Gross Receipts: $858,527

Assets and Liabilities:

  • Total Assets: $22,852,528
  • Total Liabilities: $949,964
  • Net Assets: $21,902,564

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Programs

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

INTEREST ON LOANS

Revenue

$845,372

Organization Details

Founding Year

1934

Principal Officer

Mike Hucks

Main Address

PO BOX 427, GILBERT, SC, 29054

NTEE Category

Code: S40 - Community improvement

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