2024-03-05T07:31:10-06:00 2022-06-30 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2021-07-01 300479115 COLUMBIA EMPOWERMENT ZONE INC COLU 8035453950 3200 GRAND STREET COLUMBIA SC 29203 RUSSELL MCCOY CHAIR 8037480964 2024-03-04 1 RUSSELL MCCOY 999009999 TIM LYONS CPA P02090162 8037995810 2024-02-27 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X RUSSELL MCCOY 3200 GRAND STREET COLUMBIA SC 29203 696682 0 X N/A X 2008 SC COLUMBIA EMPOWERMENT ZONE INC. (CEZ, INC) IMPLEMENTS ACTIVITIES DESIGNED TO ENHANCE THE LIVES OF RESIDENTS IN TARGETED AREAS. ACTIVITIES SUCH AS THE TRAINING OF UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS AND THE OFFERING OF LOW INTEREST LOANS AND ASSISTING WITH TAX CREDITS TO QUALIFYING BUSINESSES IS UNDERTAKEN TO ACHIEVE JOB CREATION, CAREER PATHS, BUSINESS GROWTH, AND TRAINING. 9 9 0 0 0 0 295166 295284 237351 336622 32141 11372 33262 1770 597920 645048 0 0 0 0 0 0 0 0 0 582513 695316 582513 695316 15407 -50268 6808237 8236222 82344 1703341 6725893 6532881 X COLUMBIA EMPOWERMENT ZONE, INC. IMPLEMENTS ACTIVITIES DESIGNED TO ENHANCE THE LIVES OF RESIDENTS IN TARGETED AREAS. ACTIVITIES SUCH AS THE TRAINING OF UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS AND OFFERING OF LOW INTEREST LOANS AND ASSISTING WITH TAX CREDITS TO QUALIFYING BUSINESSES IS UNDERTAKEN TO ACHIEVE JOB CREATION, CAREER PATHS, BUSINESS GROWTH, AND TRAINING. 0 0 605810 338392 COLUMBIA EMPOWERMENT ZONE, INC ACQUIRES AND MANAGES PROPERTY WITH THE OVERALL GOAL OF CREATING JOBS AND CREATING SUSTAINABLE BUSINESSES THROUGH PARTNERSHIPS WITH PRIVATE COMPANIES. ATTORNEY'S FEES, DEVELOPER COSTS, AND CLOSING COSTS ARE SIGNIFICANT EXPENSES THAT COLUMBIA EMPOWERMENT ZONE, INC. INCURS. 605810 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 0 1 0 0 0 1 9 0 1 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 0 1 1 1 0 0 0 0 0 X FELECIA MALONEY 8037480964 3200 GRAND STREET COLUMBIA SC 29203 X JAMEKA YOUNG BOARD MEMBER 1.00 X 0 0 0 MARY SPARROW BOARD MEMBER 1.00 X 0 0 0 CARL STENT BOARD MEMBER 1.00 X 0 0 0 W REGGIE BRICE BOARD MEMBER 1.00 X 0 0 0 BENJAMIN JOHNSON BOARD MEMBER 1.00 X 0 0 0 RUSSELL MCCOY III CHAIR 1.00 X 0 0 0 SHARON L COEFIELD CO-CHAIR 1.00 X 0 0 0 AZAD KHAN TREASURER 1.00 X 0 0 0 GRETCHEN LAMBERT SECRETARY 1.00 X 0 0 0 0 0 0 0 0 0 0 0 295284 295284 RENTAL INCOME 900099 336622 336622 336622 63006 63006 51634 -51634 -51634 -51634 OTHER INCOME 900099 1043 1043 RECOVERY OF BAD DEBTS 900099 727 727 1770 645048 338392 0 11372 23353 20003 3350 6396 5117 1279 115237 106089 9148 52540 49220 3320 9149 9233 -84 134368 132484 1884 17830 14509 3321 PERSONNEL EXPENSE 308217 246574 61643 OTHER EXPENSE 28226 22581 5645 695316 605810 89506 0 1000230 897655 17214 19271 1532946 1445519 7751 6405 4456928 1330655 3235716 3126273 1012926 1338855 100 100 1354 729 0 1401415 6808237 8236222 44515 60552 0 200000 37829 1442789 82344 1703341 X 3490177 3406608 3235716 3126273 6725893 6532881 6808237 8236222 -50268 -142744 0 X X 0 1 X 1 0 X 0.82160 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1285430 1285430 3024921 1209063 1815858 116622 91637 24985 29955 29955 0 3126273 LEASE RECEIVABLE 1401415 1401415 ACCRUED PAYROLL 15923 DEFERRED INFLOWS OF RESOURCES 1401415 SECURITY DEPOSITS 25451 1442789 X 696682 0 696682 -51634 -51634 645048 889694 194378 194378 695316 0 695316 PART X, LINE 2: THE CORPORATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS TO REPORT UNDER FIN 48. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED LOSS ON INVESTMENTS -51,634. PART XII, LINE 2D - OTHER ADJUSTMENTS: REALIZED LOSS ON INVESTMENTS 51,634. UNREALIZED LOSS ON INVESTMENTS 142,744. FORM 990, PART VI, SECTION B, LINE 11B THERE IS CURRENTLY NO REQUIREMENT OF THE BOARD TO REVIEW THE IRS FORM 990 BEFORE SUBMITTAL. HOWEVER, THE BOARD WILL BE INFORMED OF THE SUBMISSION OF FORM 990 AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE GOVERNING BODY ARE PROVIDED WITH THE ORGANIZATIONS BY-LAWS, WHICH CONSIST OF A CONFLICT OF INTEREST POLICY. THE BY-LAWS STATE THAT ALL OFFICERS, MEMBERS, OR DIRECTORS MUST FULLY DISCLOSE ANY AND ALL PERSONAL OR FAMILY ASSOCIATIONS, OR CONNECTIONS OF ANY NATURE WITH ANY PROJECTS, PROPOSALS, OR CONTRACTS THAT COME BEFORE THE COLUMBIA EMPOWERMENT ZONE, INC. BOARD FOR CONSIDERATION. IF ANY OF THOSE INDIVIDUALS, OR AN IMMEDIATE FAMILY MEMBER OF SUCH PERSON HAS AN INTEREST OF ANY MATTER THAT COMES BEFORE THE BOARD THAT CAN BE VALUED IN MONETARY TERMS, THAT INDIVIDUAL MUST DISCLOSE THE NATURE AND EXTEND OF THE INTEREST AND MUST ABSTAIN FROM PARTICIPATION IN THE COLUMBIA EMPOWERMENT ZONE, INC. BOARD'S DISCUSSION, VOTING, OR TAKING ANY ACTION FOR THAT MATTER. IT IS THE RESPONISILITY OF EVERY BOARD OF DIRECTOR, ALTERNATE OR ADVISORY MEMBER TO AVOID AN APPEARANCE OF CONFLICT-OF-INTEREST. THE CO-CHAIRS OF THE BOARD MAY NEED TO REMIND MEMBERS TO ADHERE TO THE POLICY: HOWEVER, THE ENTIRE BOARD OF DIRECTORS, ALTERNATES, OR ADVISORY MEMBER IS RESPONSIBLE FOR HOLDING 0NE ANOTHER ACCOUNTABLE. A BOARD OF DIRECTOR WHO KNOWING VIOLATES THE CONFLICT OF INTEREST POLICY WILL BE CONSIDERED TO HAVE COMMITTED AN ACTION THAT IS GROUNDS FOR REMOVAL FROM THE BOARD OF DIRECTORS, ALTERNATE OR ADVISORY MEMBER STATUS. FORM 990, PART VI, SECTION B, LINE 15 COLUMBIA EMPOWERMENT ZONE, INC. CURRENTLY DOES NOT HAVE ANY EMPLOYEES OR ANY OFFICERS COMPENSATED FOR THE SERVICES PROVIDED. HOWEVER, THE ORGANIZATION DOES HAVE 9 VOLUNTEERS THAT ARE RESPONSIBLE FOR THE TASKS THAT ARE NECESSARY FOR THE ONGOING OPERATIONS AND TASKS THAT MUST BE COMPLETED. IN THE EVENT THAT THE ORGANIZATION IS PREPARED TO HIRE A FULL-TIME (OR PART-TIME) STAFF, THE COLUMBIA EMPOWERMENT ZONE, INC. BOARD MUST AGREE ON THE COMPENSATION AS WELL AS THE INDIVIUAL BEING HIRED BASE ON THEIR QUALIFICATIONS. IT WILL BE UP TO THE VOLUNTEERS TO OBTAIN APPLICATIONS, SCREEN, INTERVIEW, AND MAKE RECOMMENDATIONS. AFTER RECOMMENDATIONS ARE MADE, THE BOARD MUST MAKE A MOTION TO HIRE THOSE INDIVIDUALS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 990, PART XII, LINE 2C OVERSIGHT OF THE AUDIT HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990 AMENDED RETURN: THE TAX RETURN IS BEING AMENDED TO CORRECT SCHEDULE R, PART IV, LINE (G). THE AMOUNT OF SHARED END OF THE YEAR ASSETS IS $0. CITY OF COLUMBIA 1136 WASHINGTON STREET COLUMBIA SC 29201 576000229 GOVERNMENT SC 501(C)(3) 0 VERANDA AT NORTH MAIN PO BOX 141 COLUMBIA SC 29202 811678060 INVESTMENT SC C 1.00000 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CITY OF COLUMBIA C 295284 CASH TRANSFER