Nonprofit · EIN 57-1133433
ECONOMIC FUTURES GROUP
Tax-exempt · SPARTANBURG, SC 29304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,653,660 | $1,543,534 | $110,126 | $3,677,374 | $1,784,620 | $1,892,754 |
| June 30, 2024 | 990 | $1,482,904 | $1,893,063 | -$410,159 | $3,615,772 | $1,833,145 | $1,782,627 |
| June 30, 2023 | 990 | $1,840,096 | $3,089,804 | -$1,249,708 | $3,293,301 | $237,410 | $3,055,891 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,630,389
- of which government grants
- $1,396,507
- Membership dues
- $184,578
- Program service revenue
- $0
- Investment income
- $23,271
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $17,080
- Program services (functional)
- $1,331,926
- Management and general (functional)
- $211,608
Balance sheet and other
- Total assets, start of year
- $3,615,772
- Total assets, end of year
- $3,677,374
- Total liabilities, end of year
- $1,784,620
- Net assets, end of year
- $1,892,754
- Net assets without donor restrictions
- $1,892,754
- Gross receipts
- $1,653,660
- 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 |
|---|---|---|---|
| PHIL FEISAL | CHAIR Trustee or director | 1 | $0 |
| TODD HORNE | VICE CHAIR - ONESPARTANBUR Trustee or director | 1 | $0 |
| ALEX EVINS | GENERAL COUNSEL Trustee or director | 1 | $0 |
| LINDA HANNON | VICE CHAIR - GOVERNMENTAL Trustee or director | 1 | $0 |
| ETHAN BURROUGHS | VICE CHAIR - ECONOMIC DEVE Trustee or director | 1 | $0 |
| DANIEL CRAIG | VICE CHAIR - INVESTOR RELA Trustee or director | 1 | $0 |
| ANDREW CAJKA | VICE CHAIR - TOURISM Trustee or director | 1 | $0 |
| AVI LAWRENCE | CHAIR ELECT Trustee or director | 1 | $0 |
| RALPH SETTLE | VICE CHAIR - LEADERSHIP Trustee or director | 1 | $0 |
| PONTHEOLLA ABERNATHY | AT LARGE - MEMBER Trustee or director | 1 | $0 |
| WILLIAM GRAY | VICE CHAIR - DOWNTOWN DEVE Trustee or director | 1 | $0 |
| MITCH KENNEDY | AT LARGE - MEMBER Trustee or director | 1 | $0 |
| BENNIE HARRIS | AT LARGE - MEMBER Trustee or director | 1 | $0 |
| DEVIN BIRD | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICK KEESE | BOARD MEMBER Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRY MCCRAW | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLEN SMITH | PRESIDENT/CEO Officer | 40 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHIL FEISAL | CHAIR Trustee or director | 1 | $0 |
| TODD HORNE | VICE CHAIR - ONESPARTANBUR Trustee or director | 1 | $0 |
| ALEX EVINS | GENERAL COUNSEL Trustee or director | 1 | $0 |
| LINDA HANNON | VICE CHAIR - GOVERNMENTAL Trustee or director | 1 | $0 |
| ETHAN BURROUGHS | VICE CHAIR - ECONOMIC DEVE Trustee or director | 1 | $0 |
| DANIEL CRAIG | VICE CHAIR - INVESTOR RELA Trustee or director | 1 | $0 |
| ANDREW CAJKA | VICE CHAIR - TOURISM Trustee or director | 1 | $0 |
| AVI LAWRENCE | CHAIR ELECT Trustee or director | 1 | $0 |
| RALPH SETTLE | VICE CHAIR - LEADERSHIP Trustee or director | 1 | $0 |
| PONTHEOLLA ABERNATHY | AT LARGE - MEMBER Trustee or director | 1 | $0 |
| WILLIAM GRAY | VICE CHAIR - DOWNTOWN DEVE Trustee or director | 1 | $0 |
| MITCH KENNEDY | AT LARGE - MEMBER Trustee or director | 1 | $0 |
| BENNIE HARRIS | AT LARGE - MEMBER Trustee or director | 1 | $0 |
| DEVIN BIRD | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICK KEESE | BOARD MEMBER Trustee or director | 1 | $0 |
| SHERRY MCCRAW | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLEN SMITH | PRESIDENT/CEO Officer | 40 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHIL FEISAL | CHAIR Trustee or director | 1 | $0 |
| TODD HORNE | VICE CHAIR - ONESPARTANBUR Trustee or director | 1 | $0 |
| WES LEHRER | PAST CHAIR Trustee or director | 1 | $0 |
| ALEX EVINS | GENERAL COUNSEL Trustee or director | 1 | $0 |
| LINDA HANNON | VICE CHAIR - GOVERNMENTAL Trustee or director | 1 | $0 |
| ETHAN BURROUGHS | VICE CHAIR - ECONOMIC DEVE Trustee or director | 1 | $0 |
| DANIEL CRAIG | VICE CHAIR - INVESTOR RELA Trustee or director | 1 | $0 |
| ANDREW CAJKA | VICE CHAIR - TOURISM Trustee or director | 1 | $0 |
| CRAIG HAYDAMACK | VICE CHAIR - TALENT Trustee or director | 1 | $0 |
| AVI LAWRENCE | CHAIR ELECT Trustee or director | 1 | $0 |
| RALPH SETTLE | VICE CHAIR - LEADERSHIP Trustee or director | 1 | $0 |
| PONTHEOLLA ABERNATHY | AT LARGE - MEMBER Trustee or director | 1 | $0 |
| WILLIAM GRAY | VICE CHAIR - DOWNTOWN DEVELOPMENT Trustee or director | 1 | $0 |
| CLAUDIA RUFFIN | VICE CHAIR - FINANCE Trustee or director | 1 | $0 |
| MITCH KENNEDY | AT LARGE - MEMBER Trustee or director | 1 | $0 |
| BENNIE HARRIS | AT LARGE - MEMBER Trustee or director | 1 | $0 |
| ALLEN SMITH | PRESIDENT/CEO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1636, SPARTANBURG, SC 29304-1636
- In care of
- % THOMAS R YOUNG
- Principal officer (990 for 2024)
- ALLEN SMITH, 105 PINE STREET, SPARTANBURG, SC 29302
- Signed the 990
- ALLEN SMITH, CEO
- Phone
- (864) 594-5000
- Return prepared by
- GOSNELL MENARD ROBINSON INFANTE CPAS PA
Mission
TO INCREASE AND ENHANCE ECONOMIC DEVELOPMENT IN SPARTANBURG COUNTY
Program accomplishments
- TO INCREASE AND ENHANCE ECONOMIC DEVELOPMENT IN SPARTANBURG COUNTYExpenses $1,331,926
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
- 57-1133433
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $3,677,374
- Income (IRS master file)
- $1,653,660
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,653,660 | $1,543,534 | $3,677,374 | XML |
| 990 | June 2024 | $1,482,904 | $1,893,063 | $3,615,772 | XML |
| 990 | June 2023 | $1,840,096 | $3,089,804 | $3,293,301 | XML |
| 990 | June 2022 | $2,341,919 | $2,091,738 | $4,397,818 | 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 57-1133433).
Questions about ECONOMIC FUTURES GROUP
- What is the EIN of ECONOMIC FUTURES GROUP?
- The employer identification number (EIN) of ECONOMIC FUTURES GROUP is 57-1133433.
- Is ECONOMIC FUTURES GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2002.
- Are donations to ECONOMIC FUTURES GROUP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ECONOMIC FUTURES GROUP 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 ECONOMIC FUTURES GROUP 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 ECONOMIC FUTURES GROUP 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 ECONOMIC FUTURES GROUP?
- The 990 for the year ended June 30, 2025 names ALLEN SMITH.
- Who are the officers and directors of ECONOMIC FUTURES GROUP?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC FUTURES GROUP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,653,660, expenses of $1,543,534 and total assets of $3,677,374 at year end.
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