Nonprofit · EIN 57-6028563
CHARLESTON DEVELOPMENT BOARD FOUNDATION
Tax-exempt · CHARLESTON, SC 29401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $91,467 | $52,722 | $38,745 | $941,315 | $0 | $941,315 |
| December 31, 2024 | 990 | $93,366 | $2,034 | $91,332 | $837,603 | $0 | $837,603 |
| December 31, 2023 | 990 | $47,989 | $1 | $47,988 | $724,140 | $0 | $724,140 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $91,467
- Net gain from sales of assets
- $70,803
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $51,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,800
Balance sheet and other
- Total assets, start of year
- $837,603
- Total assets, end of year
- $941,315
- Total liabilities, end of year
- $0
- Net assets, end of year
- $941,315
- Publicly traded securities
- $941,314
- Net assets without donor restrictions
- $941,315
- Gross receipts
- $141,034
- Employees
- 0
- 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 |
|---|---|---|---|
| RENEE ANDERSON | TRUSTEE Trustee or director | – | $0 |
| JOHN F HASSELL III | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| YW SCARBOROUGH III | TRUSTEE Trustee or director | – | $0 |
| HUGH C LANE JR | CHAIRMAN Trustee or director, Officer | – | $0 |
| JAMES M STELLING | TRUSTEE Trustee or director | – | $0 |
| P KEITH WARING | TRUSTEE Trustee or director | – | $0 |
| FREDERICK J WHITTLE | SEC AND TREA Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RENEE ANDERSON | TRUSTEE Trustee or director | – | $0 |
| LEONARD FULGHUM | TRUSTEE Trustee or director | – | $0 |
| JOHN F HASSELL III | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| YW SCARBOROUGH III | TRUSTEE Trustee or director | – | $0 |
| HUGH C LANE JR | CHAIRMAN Trustee or director, Officer | – | $0 |
| JAMES M STELLING | TRUSTEE Trustee or director | – | $0 |
| P KEITH WARING | TRUSTEE Trustee or director | – | $0 |
| FREDERICK J WHITTLE | SEC AND TREA Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RENEE ANDERSON | TRUSTEE Trustee or director | – | $0 |
| LEONARD FULGHUM | TRUSTEE Trustee or director | – | $0 |
| JOHN F HASSELL III | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| YW SCARBOROUGH III | TRUSTEE Trustee or director | – | $0 |
| HUGH C LANE JR | CHAIRMAN Trustee or director, Officer | – | $0 |
| JAMES M STELLING | TRUSTEE Trustee or director | – | $0 |
| P KEITH WARING | TRUSTEE Trustee or director | – | $0 |
| FREDERICK J WHITTLE | SEC AND TREA Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 256 MEETING ST, CHARLESTON, SC 29401-1622
- In care of
- % YANCEY SCARBOROUGH
- Mailing address (990-N for 2010)
- 288 Meeting Street, Charleston SC 29401
- Principal officer (990 for 2025)
- HUGH C LANE JR, 256 MEETING STREET, CHARLESTON, SC 29401
- Principal officer (990-N for 2010)
- John Settle, 200 Meeting Street, Charleston SC 29401
- Signed the 990
- HUGH C LANE JR, CHAIRMAN
- Phone
- (843) 724-1504
- Return prepared by
- MCGUIRE & CO LLC
Mission
THE CHARLESTON DEVELOPMENT BOARD FOUNDATION IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF INCREASING MANUFACTURING, PAYROLLS AND INVESTMENTS IN THE CHARLESTON, BERKELEY AND DORCHESTER COUNTIES, AND FOR THE PURPOSE OF PROMOTING THE INDUSTRIAL, AGRICULTURAL, PORT, AND ECONOMIC DEVELOPMENT OF THESE COUNTIES.
Program accomplishments
- BUSINESS DEVELOPMENT IN CHARLESTON, SC
- THE CHARLESTON DEVELOPMENT BOARD FOUNDATION IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF INCREASING MANUFACTURING, PAYROLLS AND INVESTMENTS IN THE CHARLESTON, BERKELEY AND DORCHESTER COUNTIES, AND FOR THE PURPOSE OF PROMOTING THE INDUSTRIAL, AGRICULTURAL, PORT, AND ECONOMIC DEVELOPMENT OF THESE COUNTIES.
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
- 57-6028563
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $941,315
- Income (IRS master file)
- $141,034
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $91,467 | $52,722 | $941,315 | XML |
| 990 | December 2024 | $93,366 | $2,034 | $837,603 | XML |
| 990 | December 2023 | $47,989 | $1 | $724,140 | XML |
| 990 | December 2022 | $50,400 | $42,905 | $641,467 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: John Settle | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
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 57-6028563).
Questions about CHARLESTON DEVELOPMENT BOARD FOUNDATION
- What is the EIN of CHARLESTON DEVELOPMENT BOARD FOUNDATION?
- The employer identification number (EIN) of CHARLESTON DEVELOPMENT BOARD FOUNDATION is 57-6028563.
- Is CHARLESTON DEVELOPMENT BOARD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1966.
- Are donations to CHARLESTON DEVELOPMENT BOARD FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHARLESTON DEVELOPMENT BOARD 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 DEVELOPMENT BOARD 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 DEVELOPMENT BOARD 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 DEVELOPMENT BOARD FOUNDATION?
- The 990 for the year ended December 31, 2025 names HUGH C LANE JR.
- Who are the officers and directors of CHARLESTON DEVELOPMENT BOARD FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does CHARLESTON DEVELOPMENT BOARD FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $91,467, expenses of $52,722 and total assets of $941,315 at year end.
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