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Scotland County Economic Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Employment, Job Related N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.9M (2023)

Expenses
$359k (2023)

Total Assets
$8.01M (2023)

Total Liabilities
$1.8M (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,904,180
Expenses
$359,022
Net Income
$2,545,158
Net Assets
$6,208,348
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,671,325
92.0%
Program Services $0
Investment Income $11,672
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $221,183
7.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,011,390
Total Liabilities $1,803,042
Net Assets $6,208,348
Compensation
Key Employees and Officers Compensation Related Other
Mark Ward (Executive Dir.) $0 $101,086 $0
Tim Ivey (Director) $0 $0 $0
John Alford (Director) $0 $0 $0
Jim Willis (Director) $0 $0 $0
Lee Howell (Director) $0 $0 $0
April Snead (Vice Secretary) $0 $0 $0
Thomas Ammons (Director) $0 $0 $0
Andrew Williamson (Vice Chairman) $0 $0 $0
Whit Gibson (Chairman) $0 $0 $0
Charles Nichols (Secretary) $0 $0 $0
Beth Hobbs (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$568,214
Expenses
$267,954
Net Income
$300,260
Net Assets
$3,950,770
Notable Sources of Revenue Percent of Total Revenue
Contributions $336,750
59.3%
Program Services $0
Investment Income $368
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $231,096
40.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,488,276
Total Liabilities $1,537,506
Net Assets $3,950,770
Compensation
Key Employees and Officers Compensation Related Other
John Alford (Director) $0 $0 $0
Jim Willis (Director) $0 $0 $0
Lee Howell (Director) $0 $0 $0
Thomas Ammons (Director) $0 $0 $0
Andrew Williamson (Director) $0 $0 $0
Whit Gibson (Chairman) $0 $0 $0
Carol Mc Call (Director) $0 $0 $0
Charles Nichols (Secretary) $0 $0 $0
Mark Ward (Executive Dir.) $0 $0 $0
Beth Hobbs (Treasurer) $0 $0 $0
Kevin Patterson (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$413,362
Expenses
$305,362
Net Income
$108,000
Net Assets
$3,650,510
Notable Sources of Revenue Percent of Total Revenue
Contributions $255,863
61.9%
Program Services $0
Investment Income $1,586
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $155,913
37.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,999,760
Total Liabilities $1,349,250
Net Assets $3,650,510
Compensation
Key Employees and Officers Compensation Related Other
Whit Gibson (Chairman) $0 $0 $0
John Alford (Director) $0 $0 $0
Jim Willis (Director) $0 $0 $0
Kevin Patterson (Director) $0 $0 $0
Carol Mc Call (Director) $0 $0 $0
Charles Nichols (Secretary) $0 $0 $0
Mark Ward (Executive Dir.) $0 $0 $0
Beth Hobbs (Treasurer) $0 $0 $0
Andrew Williamson (Vice Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$625,552
Expenses
$280,989
Net Income
$344,563
Net Assets
$3,542,510
Notable Sources of Revenue Percent of Total Revenue
Contributions $449,140
71.8%
Program Services $0
Investment Income $5,123
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $135,461
21.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $35,828
5.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,152,270
Total Liabilities $1,609,760
Net Assets $3,542,510
Compensation
Key Employees and Officers Compensation Related Other
Whit Gibson (Director) $0 $0 $0
Carol Mc Call (Chairman) $0 $0 $0
Bob Davis (Director) $0 $0 $0
Jim Willis (Director) $0 $0 $0
Kevin Patterson (Director) $0 $0 $0
Charles Nichols (Secretary) $0 $0 $0
Mark Ward (Executive Dir.) $0 $0 $0
Beth Hobbs (Treasurer) $0 $0 $0
Andrew Williamson (Vice Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$995,099
Expenses
$218,074
Net Income
$777,025
Net Assets
$3,197,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $276,000
27.7%
Program Services $0
Investment Income $2,066
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $84,938
8.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $632,095
63.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,146,114
Total Liabilities $1,948,167
Net Assets $3,197,947
Compensation
Key Employees and Officers Compensation Related Other
Whit Gibson (Director) $0 $0 $0
Bob Davis (Director) $0 $0 $0
Curtis Leak (Director) $0 $0 $0
Kevin Patterson (Director) $0 $0 $0
Carol Mc Call (Chairman) $0 $0 $0
Charles Nichols (Secretary) $0 $0 $0
Mark Ward (Executive Dir.) $0 $92,968 $0
Beth Hobbs (Treasurer) $0 $0 $0
Andrew Williamson (Vice Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$682,731
Expenses
$1,564,947
Net Income
-$882,216
Net Assets
$2,420,922
Notable Sources of Revenue Percent of Total Revenue
Contributions $558,525
81.8%
Program Services $0
Investment Income $217
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $122,489
17.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,500
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,329,278
Total Liabilities $1,908,356
Net Assets $2,420,922
Compensation
Key Employees and Officers Compensation Related Other
Guy Mc Cook (Director) $0 $0 $0
Carol Mc Call (Director) $0 $0 $0
Andrew Williamson (Director) $0 $0 $0
Charles Nichols (Secretary) $0 $0 $0
Mark Ward (Executive Dir.) $0 $0 $0
Beth Hobbs (Treasurer) $0 $0 $0
Bob Davis (Chairman) $0 $0 $0
Curtis Leak (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$979,100
Expenses
$253,182
Net Income
$725,918
Net Assets
$3,200,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $861,361
88.0%
Program Services $71,823
7.3%
Investment Income $533
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $45,383
4.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,200,393
Total Liabilities $999,681
Net Assets $3,200,712
Compensation
Key Employees and Officers Compensation Related Other
Guy Mc Cook (Director) $0 $0 $0
Carol Mc Call (Director) $0 $0 $0
Drew Williamson (Director) $0 $0 $0
Kevin Patterson (Director) $0 $0 $0
Charles Nichols (Secretary) $0 $0 $0
Mark Ward (Executive Dir.) $0 $0 $0
Beth Hobbs (Treasurer) $0 $0 $0
Bob Davis (Chairman) $0 $0 $0
Curtis Leak (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$261,014
Expenses
$110,831
Net Income
$150,183
Net Assets
$2,349,134
Notable Sources of Revenue Percent of Total Revenue
Contributions $220,001
84.3%
Program Services $659
0.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $40,354
15.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,349,873
Total Liabilities $739
Net Assets $2,349,134
Compensation
Key Employees and Officers Compensation Related Other
Guy Mccook (Chair) $0 $0 $0
Carol Mccall (Vice Chair) $0 $0 $0
Kevin Patterson (Secretary) $0 $0 $0
Beth Hobbs (Treasurer) $0 $0 $0
Mark Ward (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$480,412
Expenses
$138,340
Net Income
$342,072
Net Assets
$2,188,765
Notable Sources of Revenue Percent of Total Revenue
Contributions $436,661
90.9%
Program Services $43,751
9.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,188,804
Total Liabilities $39
Net Assets $2,188,765

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$175,206
Expenses
$113,451
Net Income
$61,755
Net Assets
$1,846,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $135,000
77.1%
Program Services $40,206
22.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,854,991
Total Liabilities $8,298
Net Assets $1,846,693
Compensation
Key Employees and Officers Compensation Related Other
Greg Icard (President) $0 $0 $0
Kevin Patterson (Treasurer) $0 $0 $0
Guy Mccook (Director / C) $0 $0 $0
Tommy Parker (Director / V) $0 $0 $0
Bob Davis (Director) $0 $0 $0
Carol Mccall (Director) $0 $0 $0
Curtis Leak (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,585,479
Expenses
$478,190
Net Income
$1,107,289
Net Assets
$1,784,938
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,576,755
99.4%
Program Services $8,724
0.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,870,306
Total Liabilities $85,368
Net Assets $1,784,938

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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