Nonprofit · EIN 52-2382818
FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC
Tax-exempt · FLORENCE, SC 29501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $454,920 | $365,998 | $88,922 | $1,190,484 | $2,552 | $1,187,932 |
| June 30, 2024 | 990 | $422,479 | $355,070 | $67,409 | $1,296,006 | $13,224 | $1,282,782 |
| June 30, 2023 | 990 | $355,786 | $376,035 | -$20,249 | $1,220,758 | $5,385 | $1,215,373 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $159,654
- of which government grants
- $99,354
- Program service revenue
- $288,528
- Investment income
- $6,738
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $25,647
- Occupancy
- $77,184
- Travel
- $7,888
- Depreciation
- $9,880
- Program services (functional)
- $365,737
- Management and general (functional)
- $261
Balance sheet and other
- Total assets, start of year
- $1,296,006
- Total assets, end of year
- $1,190,484
- Total liabilities, end of year
- $2,552
- Net assets, end of year
- $1,187,932
- Land, buildings and equipment
- $202,536
- Net assets without donor restrictions
- $787,206
- Net assets with donor restrictions
- $400,726
- Gross receipts
- $454,920
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2002
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Luther F Carter | Board of Directors Trustee or director | 2 | $0 |
| Lesli McGee | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Ken Jackson | Board Chairman Trustee or director, Officer | 1 | $0 |
| Ed Love | Board of Directors Trustee or director | 0.5 | $0 |
| Dr Calvin Robinson | Board of Directors Trustee or director | 0.5 | $0 |
| Carl Humphries | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Marvin James | Board of Directors Trustee or director | 0.5 | $0 |
| Tim Norwood | Board of Directors Trustee or director | 0.5 | $0 |
| Scotty Davis | Board of Directors Trustee or director | 0.5 | $0 |
| Lethonia Barnes | Board of Directors Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Luther F Carter | Chairman Trustee or director, Officer | 2 | $0 |
| Brian Falcone | Treasurer Trustee or director, Officer | 2 | $0 |
| Ken Jackson | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Ed Love | Board of Directors Trustee or director | 0.5 | $0 |
| Dr Calvin Robinson | Board of Directors Trustee or director | 0.5 | $0 |
| Starlee Alexander | Board of Directors Trustee or director | 0.5 | $0 |
| Carl Humphries | Board of Directors Trustee or director | 0.5 | $0 |
| Teresa Anderson | Board of Directors Trustee or director | 0.5 | $0 |
| Tim Norwood | Board of Directors Trustee or director | 0.5 | $0 |
| Teresa Myers Ervin | Board of Directors Trustee or director | 0.5 | $0 |
| Scotty Davis | Board of Directors Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Luther F Carter | Board Chairman Trustee or director, Officer | 2 | $0 |
| Brian Falcone | Treasurer Trustee or director, Officer | 2 | $0 |
| Ken Jackson | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Ed Love | Board Member Trustee or director | 0.5 | $0 |
| Dr Calvin Robinson | Board Member Trustee or director | 0.5 | $0 |
| Starlee Alexander | Board Member Trustee or director | 0.5 | $0 |
| Carl Humphries | Board Member Trustee or director | 0.5 | $0 |
| Teresa Anderson | Board Member Trustee or director | 0.5 | $0 |
| Tim Norwood | Board Member Trustee or director | 0.5 | $0 |
| Teresa Myers Ervin | Board Member Trustee or director | 0.5 | $0 |
| Randall Osterman | Board Member Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 324 W EVANS ST, FLORENCE, SC 29501-3430
- In care of
- % RAY REICH
- Principal officer (990 for 2024)
- Ken Jackson, 1843 Hoffmeyer Road Suite A, Florence, SC 29501
- Signed the 990
- Ken Jackson, Chairman
- Phone
- (843) 678-5913
- Return prepared by
- Signature Accounting Strategies LLC
Mission
To promote the redevelopment and revitalization of the downtown redevelopment district.
Program accomplishments
- The facilitation and promotion of the redevelopment and revitalization of the City of Florence downtown area. The Pecan Festival is a weekend event held downtown during November. Florence After Five is an event held on Friday afternoons during the warm weather months to promote the downtown vendors. The Art Trail encourages various art mediums in the downtown area. In addition to these events, the Corporation has many more that occur throughout the year.Expenses $365,737 · revenue $288,528
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2382818
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C50)
- Assets (IRS master file)
- $1,190,484
- Income (IRS master file)
- $454,920
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $454,920 | $365,998 | $1,190,484 | IRS |
| 990 | June 2024 | $422,479 | $355,070 | $1,296,006 | XML |
| 990 | June 2023 | $355,786 | $376,035 | $1,220,758 | XML |
| 990 | June 2022 | $349,597 | $375,278 | $1,241,699 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 52-2382818).
Questions about FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC
- What is the EIN of FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC is 52-2382818.
- Is FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC 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 FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 names Ken Jackson.
- Who are the officers and directors of FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does FLORENCE DOWNTOWN DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $454,920, expenses of $365,998 and total assets of $1,190,484 at year end.
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