Nonprofit · EIN 20-0836170
CHARLESTON DIGITAL CORRIDOR FOUNDATION
Tax-exempt · CHARLESTON, SC 29403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,749,660 | $1,331,708 | $417,952 | $5,357,619 | $96,264 | $5,261,355 |
| December 31, 2024 | 990 | $2,403,281 | $1,621,581 | $781,700 | $4,976,550 | $126,273 | $4,850,277 |
| December 31, 2023 | 990 | $2,275,599 | $1,484,627 | $790,972 | $4,180,854 | $116,155 | $4,064,699 |
| December 31, 2022 | 990 | $1,807,785 | $1,572,419 | $235,366 | $3,396,246 | $150,482 | $3,245,764 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $592,845
- of which government grants
- $322,121
- Membership dues
- $178,424
- Program service revenue
- $981,815
- Investment income
- $175,584
- Net income from fundraising events
- -$3,462
- Other revenue
- -$584
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $241,000
- Other salaries and wages
- $102,740
- Salaries, compensation and benefits (total)
- $372,733
- Professional fundraising fees
- $0
- Accounting fees
- $24,418
- Occupancy
- $778,086
- Travel
- $4,045
- Depreciation
- $30,684
- Program services (functional)
- $1,057,076
- Management and general (functional)
- $216,727
- Fundraising (functional)
- $57,905
Balance sheet and other
- Total assets, start of year
- $4,976,550
- Total assets, end of year
- $5,357,619
- Total liabilities, end of year
- $96,264
- Net assets, end of year
- $5,261,355
- Land, buildings and equipment
- $507,303
- Publicly traded securities
- $4,473,224
- Net assets without donor restrictions
- $5,261,355
- Gross receipts
- $1,774,319
- Employees
- 5
- Volunteers
- 30
- Year formed
- 2004
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERNEST ANDRADE | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $241,000 | $22,531 | $7,710 |
| MARC MURPHY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DREW WAGNER | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TODD LANT | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JESSICA BREWER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JONATHAN YANTIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| VERNON MATHIAS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MATT FROHLICH | SECRETARY & TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNEST ANDRADE | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| MARC MURPHY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DREW WAGNER | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| TODD LANT | CHAIRMAN & TREASURER Trustee or director, Officer | 0.5 | $0 |
| DR JENNIFER ALBERT | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JONATHAN YANTIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| VERNON MATHIAS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MATT FROHLICH | SECRETARY Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERNEST ANDRADE | EXECUTIVE DIRECTOR Officer | 40 | $216,458 | $6,344 |
| TOM WILSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOE BRYAN | VICE CHAIRMAN & SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| TODD LANT | CHAIRMAN & TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DR JENNIFER ALBERTY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JONATHAN YANTIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| VERNON MATHIAS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MATT FROHLICH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERNEST ANDRADE | EXECUTIVE DIRECTOR Officer | 40 | $183,500 | $6,000 |
| KIRK KING | CHAIRMAN & TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| TOM WILSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SEBASTIAN VAN DELDEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| TODD LANT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOE BRYAN | VICE CHAIRMAN & SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| MICHAEL WRIGHT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SHEA HARRELSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 997 MORRISON DR STE 200, CHARLESTON, SC 29403-4378
- In care of
- % ERNEST ANDRADE
- Principal officer (990 for 2025)
- ERNEST ANDRADE, 997 MORRISON DRIVE STE 200, CHARLESTON, SC 29403
- Signed the 990
- ERNEST ANDRADE, EXECUTIVE DIRECTOR
- Phone
- (843) 579-7508
- Return prepared by
- MOSS & YANTIS CPA PA
Mission
TO ATTRACT, NURTURE, AND PROMOTE CHARLESTON'S TECH ECONOMY.
Program accomplishments
- THE FLAGSHIP IS A FULL-SERVICE TECH FOCUSED BUSINESS INCUBATOR. THIS FACILITY AND ITS 4 PREDECESSORS HAVE FACILITATED THE DEVELOPMENT OF APPROXIMATELY 150 TECH BUSINESSES IN THE CHARLESTON REGION.Expenses $1,047,756 · revenue $972,918
- IN AN EFFORT TO STIMULATE THE INCLUSION OF UNDER-REPRESENTED ENTREPRENEURS AND BUSINESS PROFESSIONALS WITHIN CHARLESTON'S TECH COMMUNITY, THE CHARLESTON DIGITAL CORRIDOR OFFERS ENTREPRENEURS AN ARRAY OF CURATED BUSINESS RESOURCES, MENTORSHIP AND EDUCATION ALONG WITH NO-COST USAGE OF WORKSPACE AT THE CHARLESTON TECH CENTER. APPLICANTS ARE CONSIDERED ON A YEAR-ROUND BASIS.Expenses $9,320 · revenue $11,775
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0836170
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $5,357,619
- Income (IRS master file)
- $1,774,319
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,749,660 | $1,331,708 | $5,357,619 | XML |
| 990 | December 2024 | $2,403,281 | $1,621,581 | $4,976,550 | IRS |
| 990 | December 2023 | $2,275,599 | $1,484,627 | $4,180,854 | XML |
| 990 | December 2022 | $1,807,785 | $1,572,419 | $3,396,246 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0836170).
Questions about CHARLESTON DIGITAL CORRIDOR FOUNDATION
- What is the EIN of CHARLESTON DIGITAL CORRIDOR FOUNDATION?
- The employer identification number (EIN) of CHARLESTON DIGITAL CORRIDOR FOUNDATION is 20-0836170.
- Is CHARLESTON DIGITAL CORRIDOR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2005.
- Are donations to CHARLESTON DIGITAL CORRIDOR FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHARLESTON DIGITAL CORRIDOR FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHARLESTON DIGITAL CORRIDOR FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLESTON DIGITAL CORRIDOR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHARLESTON DIGITAL CORRIDOR FOUNDATION?
- The 990 for the year ended December 31, 2025 names ERNEST ANDRADE.
- Who are the officers and directors of CHARLESTON DIGITAL CORRIDOR FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $241,000 (ERNEST ANDRADE, EXECUTIVE DIRECTOR).
- How much revenue does CHARLESTON DIGITAL CORRIDOR FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,749,660, expenses of $1,331,708 and total assets of $5,357,619 at year end.
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