Nonprofit · EIN 57-0743789
LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION
Tax-exempt · AIKEN, SC 29802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $24,243 | $12,550 | $11,693 | $373,231 | $0 | $373,231 |
| June 30, 2024 | 990 | $24,283 | $12,655 | $11,628 | $361,538 | $0 | $361,538 |
| June 30, 2023 | 990 | $24,142 | $7,173 | $16,969 | $349,910 | $0 | $349,910 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $243
- Net rental income
- $24,000
- Other revenue
- $24,000
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $52
- Depreciation
- $12,498
- Program services (functional)
- $12,550
Balance sheet and other
- Total assets, start of year
- $361,538
- Total assets, end of year
- $373,231
- Total liabilities, end of year
- $0
- Net assets, end of year
- $373,231
- Land, buildings and equipment
- $222,921
- Net assets without donor restrictions
- $373,231
- Gross receipts
- $24,243
- Employees
- 0
- Year formed
- 1982
- 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 |
|---|---|---|---|
| JERRY BELL | CO. REPRESEN Trustee or director | 1 | $0 |
| DANNY FEAGIN | CO. REPRESEN Trustee or director | 1 | $0 |
| JOSEPH GARVIN | REPRESENTATI Trustee or director | 1 | $0 |
| LARRY HAYNES | REPRESENTATI Trustee or director | 1 | $0 |
| WILLA JENNINGS | CO. REPRESEN Trustee or director | 1 | $0 |
| JOHN MCLAUCHLIN | CO. REPRESEN Trustee or director | 1 | $0 |
| WILLIAM ROBINSON | REPRESENTATI Trustee or director | 1 | $0 |
| SEN VERNON STEPHENS | CO. REPRESEN Trustee or director | 1 | $0 |
| THOMAS L WILLIAMS | CO. REPRESEN Trustee or director | 1 | $0 |
| MICHAEL BUTLER | CHAIRMAN Officer | 1 | $0 |
| JAMES HAIGLER | PAST CHAIRMA Officer | 1 | $0 |
| THERESA TAYLOR | TREASURER Officer | 1 | $0 |
| GERALD WRIGHT | VICE CHAIRMA Officer | 1 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY BELL | CO. REPRESEN Trustee or director | 1 | $0 |
| DANNY FEAGIN | CO. REPRESEN Trustee or director | 1 | $0 |
| JOSEPH GARVIN | REPRESENTATI Trustee or director | 1 | $0 |
| LARRY HAYNES | REPRESENTATI Trustee or director | 1 | $0 |
| WILLA JENNINGS | CO. REPRESEN Trustee or director | 1 | $0 |
| JOHN MCLAUCHLIN | CO. REPRESEN Trustee or director | 1 | $0 |
| WILLIAM ROBINSON | REPRESENTATI Trustee or director | 1 | $0 |
| SEN VERNON STEPHENS | CO. REPRESEN Trustee or director | 1 | $0 |
| THOMAS L WILLIAMS | CO. REPRESEN Trustee or director | 1 | $0 |
| MICHAEL BUTLER | CHAIRMAN Officer | 1 | $0 |
| JAMES HAIGLER | PAST CHAIRMA Officer | 1 | $0 |
| THERESA TAYLOR | TREASURER Officer | 1 | $0 |
| GERALD WRIGHT | VICE CHAIRMA Officer | 1 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY BELL | CO. REPRESEN Trustee or director | 1 | $0 |
| WILLIAM HIGHTOWER | CO. REPRESEN Trustee or director | 1 | $0 |
| FREDDIE HOUSTON | REPRESENTATI Trustee or director | 1 | $0 |
| VIRGIL JACOBS | REPRESENTATI Trustee or director | 1 | $0 |
| JOHN MCLAUCHLIN | CO. REPRESEN Trustee or director | 1 | $0 |
| JOHN SIMMONS | REPRESENTATI Trustee or director | 1 | $0 |
| THERESA TAYLOR | CO. REPRESEN Trustee or director | 1 | $0 |
| THOMAS WILLIAMS | CO. REPRESEN Trustee or director | 1 | $0 |
| HARRY WIMBERLY | CO. REPRESEN Trustee or director | 1 | $0 |
| MICHAEL BUTLER | VICE CHAIRMA Officer | 1 | $0 |
| JAMES HAIGLER | CHAIRMAN Officer | 1 | $0 |
| DAVID KENNER | PAST CHAIRMA Officer | 1 | $0 |
| GERALD WRIGHT | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 850, AIKEN, SC 29802-0850
- Principal officer (990 for 2024)
- WILLIAM MOLNAR, PO BOX 850, AIKEN, SC 29802
- Signed the 990
- WILLIAM MOLNAR, EXECUTIVE DIRECTOR
- Phone
- (803) 649-7981
- Return prepared by
- PHILLIPS CPAS & ADVISORS
Mission
THE PRINCIPAL OBJECTIVE OF THE CORPORATION SHALL BE TO BENEFIT THE REGION ECONOMICALLY BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY; THEREBY, LESSENING THE BURDENS OF GOVERNMENT AND COMBATING COMMUNITY DETERIORATION. ANY MONETARY PROFITS OR OTHER BENEFITS WHICH FLOW TO MEMBERS OF THE CORPORATION SHALL BE INCIDENTAL TO THE CORPORATION'S FUNCTIONS. IN THE EVENT OF DISSOLUTION OR LIQUIDATION OF THE CORPORATION, ITS ASSETS WILL BE DISTRIBUTED FOR ONE OF MORE CHARITABLE PURPOSES OR TO THE FEDERAL, STATE, OR LOCAL GOVERNMENTS.
Program accomplishments
- GENERAL FUNDExpenses $12,550
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 57-0743789
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $373,231
- Income (IRS master file)
- $24,243
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $24,243 | $12,550 | $373,231 | XML |
| 990 | June 2024 | $24,283 | $12,655 | $361,538 | XML |
| 990 | June 2023 | $24,142 | $7,173 | $349,910 | XML |
| 990 | June 2022 | $18,904 | $8,711 | $332,941 | 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 57-0743789).
Questions about LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION
- What is the EIN of LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION is 57-0743789.
- Is LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION 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 LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION 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 LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names WILLIAM MOLNAR.
- Who are the officers and directors of LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $24,243, expenses of $12,550 and total assets of $373,231 at year end.
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All nonprofits in AIKEN · South Carolina · Community improvement and capacity building