2024-10-23T06:18:41-05:00 2024-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-07-01 201690146 SOUTH CAROLINA COUNCIL ON COMPETITIVENESS SOUT 8037601400 1411 GERVAIS STREET 450 COLUMBIA SC 29201 SUE ANN SHANNON PRESIDENT AND CEO 8037601400 2024-10-22 1 1 JANICE A RATICA P00358837 7043338881 2024-10-15 2023 2024-10-15 13:58:12Z SUE ANN SHANNON 1411 GERVAIS STREET SUITE 450 COLUMBIA SC 29201 1975826 0 X SCCOMPETES.ORG X 2004 SC PROVIDING ACTIONABLE RESEARCH, SUPPORTING INDUSTRY CLUSTERS, AND FURTHERING EDUCATION AND WORKFORCE DEVELOPMENT. 9 9 9 150 0 0 2947708 1941899 0 0 8127 33665 0 262 2955835 1975826 0 0 0 0 638791 833235 0 0 0 2029482 1178623 2668273 2011858 287562 -36032 3278017 3196014 233289 187318 3044728 3008696 X THE SOUTH CAROLINA COUNCIL ON COMPETITIVENESS IS A NONPARTISAN, BUSINESS-LED NON-PROFIT ORGANIZATION COMMITTED TO ADVANCING THE LONG TERM COMPETITIVENESS OF SOUTH CAROLINA THROUGH ACTIONABLE RESEARCH, SUPPORT OF INDUSTRY CLUSTERS AND EDUCATION AND WORKFORCE DEVELOPMENT INITIATIVES. 0 0 1720408 RESEARCH ACTIVITIES INCLUDE STUDIES AROUND ECONOMIC IMPACTS UTILIZED BY PUBLIC ECONOMIC DEVELOPMENT AGENCIES. DIRECTLY-MANAGED CLUSTERS INCLUDE AEROSPACE, LOGISTICS, AND TECHNOLOGY/CYBERSECURITY. EDUCATION/WORKFORCE INITIATIVES FOCUS ON DURABLE SKILLS DEVELOPMENT IN K-12 AND ENHANCING CAREER PATHWAYS FOR STUDENTS AND TRANSITIONING WORKERS. 1720408 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 19 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X SUE ANN SHANNON 8037601400 1411 GERVAIS STREET 450 COLUMBIA SC 29201 SUE ANN SHANNON PRESIDENT & CEO 40.00 X X 40306 0 0 PAULA HARPER BETHEA BOARD MEMBER 0.50 X 0 0 0 MIKE MIZEUR BOARD MEMBER 0.50 X 0 0 0 DON HERRIOTT BOARD MEMBER 0.50 X 0 0 0 PAMELA LACKEY BOARD MEMBER 0.50 X 0 0 0 JOHN LUMPKIN JR BOARD MEMBER 0.50 X 0 0 0 GEORGE WOLFE BOARD MEMBER 0.50 X 0 0 0 M WILLIAM YOUNGBLOOD BOARD MEMBER 0.50 X 0 0 0 M EDWARD SELLERS CHAIRMAN 1.00 X X 0 0 0 JOEL A SMITH III TREASURER 0.50 X X 0 0 0 40306 0 0 0 0 0 0 STRADA COLLABORATIVE INC 1626 PLACENTIA AVE COSTA MESA CA 92627 CONTENT DEVELOPMENT 185000 MARGARET TORREY 207 HARVEST DRIVE EASLEY SC 29640 CLUSTER & WORKFORCE DEVELOPMENT 101000 2 1383132 558767 1941899 33665 33665 MISCELLANEOUS REVENUE 900099 262 262 262 1975826 262 0 33665 44352 41093 3259 692560 658372 34188 39934 38474 1460 56389 53100 3289 20000 1000 19000 135949 14912 121037 19909 14437 5472 4560 3287 1273 59698 46235 13463 79463 74395 5068 113679 112588 1091 51316 10263 41053 7633 763 6870 CONTRACT SERVICES 365121 345886 19235 MARKETING AND STRATEGY 167485 153430 14055 PROGRAM - OTHER 140628 140628 BAD DEBT EXPENSE 13182 11545 1637 2011858 1720408 291450 0 2566975 2664110 42805 51339 204584 127019 101949 96992 232878 113142 160053 119736 27444 16444 174207 120374 3278017 3196014 56249 39304 0 25000 177040 123014 233289 187318 X 2960891 2991833 83837 16863 3044728 3008696 3278017 3196014 -36032 0 X X 0 1 X 1 0 X 1850048 1883802 2497198 2497708 1941899 10670655 1850048 1883802 2497198 2497708 1941899 10670655 985704 9684951 1441 316 333 8127 33665 43882 262 262 10714799 0.90390 0.90350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 20000 1991858 2011858 250593 62648 0 0 225350 264778 263414 250593 1004135 1506203 21500 16800 20000 20000 78300 56338 66195 65854 62648 251035 376553 10000 7500 10000 10000 37500 232878 113142 119736 119736 LEASE LIABILITY 123014 123014 X 2542247 566421 566421 1975826 0 1975826 2578279 566421 566421 2011858 0 2011858 PART X, LINE 2: THE COUNCIL IS A TAX-EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COUNCIL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COUNCIL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COUNCIL, AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COUNCIL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. PART XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTIONS 566,421. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND EXPENSES 566,421. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A COMPLETE COPY OF THE FORM 990 TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS AND ACKNOWLEDGES THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPARES THE COMPENSATION REPORTED IN FORMS 990 OF SIMILARLY-SITUATED ORGANIZATIONS TO ENSURE THAT THE COMPENSATION OF THE PRESIDENT AND CEO IS REASONABLE. ALL DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST LINE, 2C PROCESS HAS NOT CHANGED. PALMETTO APPLIED RESEARCH COUNCIL LLC 1411 GERVAIS STREET SUITE 450 COLUMBIA SC 29201 873245643 APPLIED RESEARCH SC 276994 168079 SC COUNCIL ON COMPETITIVENESS