Nonprofit · EIN 81-3339941
BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · BEAUFORT, SC 29901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,134,250 | $1,091,788 | $42,462 | $2,797,357 | $2,133,896 | $663,461 |
| June 30, 2024 | 990 | $826,988 | $887,682 | -$60,694 | $547,116 | $0 | $547,116 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,113,364
- of which government grants
- $555,614
- Program service revenue
- $0
- Investment income
- $20,886
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $131,175
- Compensation of officers, directors and key employees
- $194,895
- Other salaries and wages
- $156,320
- Salaries, compensation and benefits (total)
- $433,496
- Professional fundraising fees
- $0
- Accounting fees
- $12,332
- Occupancy
- $14,650
- Travel
- $69,194
- Program services (functional)
- $949,457
- Management and general (functional)
- $142,331
Balance sheet and other
- Total assets, start of year
- $547,116
- Total assets, end of year
- $2,797,357
- Total liabilities, end of year
- $2,133,896
- Net assets, end of year
- $663,461
- Net assets without donor restrictions
- $438,004
- Net assets with donor restrictions
- $225,457
- Gross receipts
- $1,134,250
- Employees
- 4
- Volunteers
- 19
- Year formed
- 2016
- 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 |
|---|---|---|---|
| JOHN O'TOOLE | EXECUTIVE DIRECTOR Officer | 40 | $194,895 |
| JOEL BRAUN | CHAIRMAN Trustee or director, Officer | 2.5 | $0 |
| MELISSA A KENNY | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| GREG SHELTON | TREASURER Trustee or director, Officer | 2.5 | $0 |
| MIKE ALSKO | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ALAN PERRY | DIRECTOR Trustee or director | 0.5 | $0 |
| ANDREA SISINO | DIRECTOR Trustee or director | 0.5 | $0 |
| ASHLEY FEASTER | DIRECTOR Trustee or director | 0.5 | $0 |
| DR FRANK RODRIGUEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN PHILLIPS | DIRECTOR Trustee or director | 0.5 | $0 |
| LARRY TOOMER | DIRECTOR Trustee or director | 0.5 | $0 |
| PAULA BROWN | DIRECTOR Trustee or director | 0.5 | $0 |
| PHIL CROMER | DIRECTOR Trustee or director | 0.5 | $0 |
| DR RICHARD GOUGH | DIRECTOR Trustee or director | 0.5 | $0 |
| VERNA ARNETTE | DIRECTOR Trustee or director | 0.5 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BLAKELY WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN O'TOOLE | EXECUTIVE DIRECTOR Officer | 40 | $184,793 |
| ASHLEY FEASTER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DR ANDREA SISTINO | DIRECTOR Trustee or director | 0.5 | $0 |
| DR RICHARD J GOUGH | DIRECTOR Trustee or director | 0.5 | $0 |
| FRANK RODRIQUEZ | DIRECTOR Trustee or director | 0.25 | $0 |
| GREG SHELTON | TREASURER Trustee or director, Officer | 0.5 | $0 |
| MICHAEL ALSKO | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| LAWRENCE MCELYNN | DIRECTOR Trustee or director | 0.5 | $0 |
| VERNA ARNETTE | DIRECTOR Trustee or director | 0.25 | $0 |
| LAWRENCE TOOMER | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1228, BEAUFORT, SC 29901-1228
- In care of
- % BEAUFORT COUNTY COUNCIL MBR
- Principal officer (990 for 2024)
- JOHN A O'TOOLE, PO BOX 1228, BEAUFORT, SC 29901
- Signed the 990
- JOHN A O'TOOLE, EXECUTIVE DIRECTOR
- Phone
- (860) 685-0689
- Return prepared by
- MOSS & YANTIS CPA PA
Mission
THE VISION OF THE BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION IS THE COLLABORATIVE ENTITY FOR ORGANIZING, STRUCTURING AND LEADING ECONOMIC DEVELOPMENT EFFORTS ON BEHALF OF BEAUFORT COUNTY'S RESIDENTS. THIS WILL BE ACHIEVED BY ENGAGING KEY STAKEHOLDERS TO DIVERSIFY THE COUNTY'S ECONOMY, ATTRACT INVESTMENTS AND WELL-PAYING JOBS, THE MISSION WILL BE CARRIED OUT IN A WAY THAT IS RESPEC
Program accomplishments
- THE ORGANIZATION'S FOCUS AREAS ARE FOSTERING CAPITAL INVESTMENT IN THE COUNTY, ATTRACTING DIVERSIFIED JOBS, ATTRACTING GRANTS & OTHER INCENTIVES FROM LOCAL COMPANIES AND IMPROVING PEOPLES LIVES IN THE COUNTY BY HAVING GOOD PAYING JOBS.Expenses $949,457 · grants $131,175
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
- 81-3339941
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,797,357
- Income (IRS master file)
- $1,134,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,134,250 | $1,091,788 | $2,797,357 | IRS |
| 990 | June 2024 | $826,988 | $887,682 | $547,116 | XML |
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 81-3339941).
Questions about BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION is 81-3339941.
- Is BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 BEAUFORT COUNTY ECONOMIC 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 BEAUFORT COUNTY ECONOMIC 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 BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names JOHN A O'TOOLE.
- Who are the officers and directors of BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $194,895 (JOHN O'TOOLE, EXECUTIVE DIRECTOR).
- How much revenue does BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,134,250, expenses of $1,091,788 and total assets of $2,797,357 at year end.
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All nonprofits in BEAUFORT · South Carolina · Community improvement and capacity building