Nonprofit · EIN 82-1136999
DORCHESTER ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · SUMMERVILLE, SC 29483
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $582,030 | $636,544 | -$54,514 | $629,846 | $6,064 | $623,782 |
| June 30, 2024 | 990 | $484,935 | $392,692 | $92,243 | $679,546 | $2,250 | $677,296 |
| June 30, 2023 | 990 | $489,055 | $320,286 | $168,769 | $588,553 | $0 | $588,553 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $548,347
- of which government grants
- $131,348
- Program service revenue
- $0
- Investment income
- $11,495
- Net income from fundraising events
- $14,111
- Other revenue
- $22,188
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $99
- Travel
- $36,074
- Program services (functional)
- $560,183
- Fundraising (functional)
- $76,361
Balance sheet and other
- Total assets, start of year
- $679,546
- Total assets, end of year
- $629,846
- Total liabilities, end of year
- $6,064
- Net assets, end of year
- $623,782
- Net assets without donor restrictions
- $623,782
- Gross receipts
- $626,401
- Employees
- 0
- Volunteers
- 14
- Year formed
- 2014
- 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 |
|---|---|---|---|
| Brad Mallett | Secretary/Treasurer Trustee or director | 1 | $0 |
| Dr Jim Martin | Chairman Trustee or director | 1 | $0 |
| Dr Shane Robbins | Ex-Officio Trustee or director | 1 | $0 |
| Edward Crosby | Councilman Trustee or director | 1 | $0 |
| Lamont Stevens | Member Trustee or director | 1 | $0 |
| Lauren Bailey | Vice Chairman Trustee or director | 1 | $0 |
| Mayor Kevin Hart | Appointed Mayor Trustee or director | 1 | $0 |
| Phyllis Hughes | Ex-Officio Trustee or director | 1 | $0 |
| Rita Berry | Ex-Officio Trustee or director | 1 | $0 |
| Saundra Sandy Price | Ex-Officio Trustee or director | 1 | $0 |
| Stuart Todd Friddle | Councilman Trustee or director | 1 | $0 |
| Tim Kennedy | Member Trustee or director | 1 | $0 |
| Tony Pope | Member Trustee or director | 1 | $0 |
| Walter Skip Elliott | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brad Mallett | Member Trustee or director | 1 | $0 |
| Edward Crosby | Councilman Trustee or director | 1 | $0 |
| Henry Hank Taylor | Member Trustee or director | 1 | $0 |
| Jim Martin | Vice Chairman Trustee or director | 1 | $0 |
| Kevin Hart | Appointed Mayor Trustee or director | 1 | $0 |
| Lamont Stevens | Member Trustee or director | 1 | $0 |
| Lauren Bailey | Secretary/Treasurer Trustee or director | 1 | $0 |
| Phyllis Hughes | Ex-Officio Trustee or director | 1 | $0 |
| Rita Berry | Ex-Officio Trustee or director | 1 | $0 |
| Saundra Sandy Price | Ex-Officio Trustee or director | 1 | $0 |
| Shane Robbins | Ex-Officio Trustee or director | 1 | $0 |
| Stuart Todd Friddle | Councilman Trustee or director | 1 | $0 |
| Tony Pope | Member Trustee or director | 1 | $0 |
| Walter Skip Elliott | Chairman Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALTER SKIP ELLIOTT | CHAIRMAN Trustee or director | 1 | $0 |
| JIM MARTIN | VICE CHAIRMAN Trustee or director | 1 | $0 |
| LAUREN BAILEY | SECRETARY/TREASURER Trustee or director | 1 | $0 |
| EDWARD CROSBY | COUNCILMAN Trustee or director | 1 | $0 |
| STUART TODD FRIDDLE | COUNCILMAN Trustee or director | 1 | $0 |
| KEVIN HART | APPOINTED MAYOR Trustee or director | 1 | $0 |
| BRAD MALLETT | MEMBER Trustee or director | 1 | $0 |
| TONY POPE | MEMBER Trustee or director | 1 | $0 |
| LAMONT STEVENS | MEMBER Trustee or director | 1 | $0 |
| HENRY HANK TAYLOR | MEMBER Trustee or director | 1 | $0 |
| RITA BERRY | EX-OFFICIO Trustee or director | 1 | $0 |
| GAIL HUGHES | EX-OFFICIO Trustee or director | 1 | $0 |
| PHYLLIS HUGHES | EX-OFFICIO Trustee or director | 1 | $0 |
| SAUNDRA SANDY PRICE | EX-OFFICIO Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 402 N MAIN STREET, SUMMERVILLE, SC 29483-6440
- In care of
- % JOHN TRULUCK
- Mailing address (990-N for 2016)
- 402 N Main St, Summerville SC 29483
- Principal officer (990 for 2024)
- Dr James Martin, 402 N Main Street, Summerville, SC 29483
- Principal officer (990-N for 2016)
- JON BAGGETT, 402 N MAIN ST, SUMMERVILLE SC 29483
- Signed the 990
- Dr James Martin, Chairman
- Phone
- (843) 875-9109
- Return prepared by
- Forvis Mazars LLP
Mission
Dorchester County Economic Development's mission is to create an environment that supports new business growth and retention enabling companies to succeed for generations. In addition, we work to strengthen and prepare our community for the future. Through such efforts, we aim to provide our citizens with the opportunities to grow and prosper in Dorchester County.
Program accomplishments
- TO ADDRESS THE OVERALL NEEDS OF DORCHESTER COUNTY BY CREATING JOBS, IMPLEMENTING SUSTAINABLE COMMUNITY AND ECONOMIC DEVELOPMENT, BUILDING INDUSTRY RETENTION AND EXPANISION, ASSISTING THE DEVELOPMENT OF THE DORCHESTER COUNTY WORKFORCE, CREATING EMPLOYMENT OPPORTUNITIES, CONDUCTING MARKETING AND ADVERTISING ACTIVITES, FACILITATING RESEARCH RELATED TO ECONOMIC DEVELOPMENT, ENGAGING IN INCENTIVE NEGOTIATIONS, AND PROMOTING INFRASTRUCTURE DEVELOPMENT.Expenses $560,183
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
- 82-1136999
- 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
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $629,846
- Income (IRS master file)
- $626,401
Revocation and reinstatement
- Exemption revoked
- November 15, 2016
- Posted by the IRS
- February 6, 2018
- Reinstated
- Effective November 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $582,030 | $636,544 | $629,846 | IRS |
| 990 | June 2024 | $484,935 | $392,692 | $679,546 | IRS |
| 990 | June 2023 | $489,055 | $320,286 | $588,553 | XML |
| 990 | June 2022 | $302,971 | $208,348 | $459,889 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: JON BAGGETT | June 30, 2017 | ≤ $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 82-1136999).
Questions about DORCHESTER ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of DORCHESTER ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DORCHESTER ECONOMIC DEVELOPMENT CORPORATION is 82-1136999.
- Is DORCHESTER ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2016 and reinstated it effective November 15, 2016.
- Are donations to DORCHESTER ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DORCHESTER 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 DORCHESTER 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 DORCHESTER 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 DORCHESTER ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names Dr James Martin.
- Who are the officers and directors of DORCHESTER ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does DORCHESTER ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $582,030, expenses of $636,544 and total assets of $629,846 at year end.
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