Nonprofit · EIN 85-2032503
DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT CORPORATION
Tax-exempt · SPARTANBURG, SC 29304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,741,195 | $1,793,064 | -$51,869 | $2,578,864 | $70,023 | $2,508,841 |
| June 30, 2024 | 990 | $2,162,634 | $5,503,371 | -$3,340,737 | $2,624,265 | $63,555 | $2,560,710 |
| June 30, 2023 | 990 | $1,690,616 | $107,982 | $1,582,634 | $5,917,438 | $15,991 | $5,901,447 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,737,695
- Investment income
- $0
- Net rental income
- $3,500
- Other revenue
- $3,500
Expenses
- Grants and similar amounts paid
- $1,734,584
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $55,298
- Program services (functional)
- $1,789,882
- Management and general (functional)
- $3,182
Balance sheet and other
- Total assets, start of year
- $2,624,265
- Total assets, end of year
- $2,578,864
- Total liabilities, end of year
- $70,023
- Net assets, end of year
- $2,508,841
- Land, buildings and equipment
- $2,437,168
- Gross receipts
- $1,741,195
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2020
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRIS STORY | PRESIDENT Officer | 0.1 | $0 | $204,448 | $51,020 |
| MITCH KENNEDY | SECRETARY/TR Officer | 0.1 | $0 | $152,665 | $41,166 |
| DENNIS LOCKE | DIRECTOR OF Officer | 0.1 | $0 | $112,007 | $31,813 |
| ERICA BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $25,052 | $4,612 |
| JEROME RICE MAYOR | DIRECTOR Trustee or director | 0.1 | $0 | $11,042 | $17,453 |
| JAMES FULMER | DIRECTOR Trustee or director | 0.1 | $0 | $13,267 | $13,560 |
| DAVID BRITT | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MANNING LYNCH | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRIS STORY | PRESIDENT Officer | 0.1 | $0 | $181,448 | $36,079 |
| MITCH KENNEDY | SECRETARY/TR Officer | 0.1 | $0 | $135,547 | $27,443 |
| DENNIS LOCKE | DIRECTOR OF Officer | 0.1 | $0 | $107,219 | $20,471 |
| JEROME RICE MAYOR | DIRECTOR Trustee or director | 0.1 | $0 | $20,200 | $3,618 |
| ERICA BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $9,995 | $2,647 |
| JAMES FULMER | DIRECTOR Trustee or director | 0.1 | $0 | $6,273 | $5,126 |
| DAVID BRITT | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MANNING LYNCH | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRIS STORY | PRESIDENT Officer | 0.1 | $0 | $181,213 | $44,467 |
| MITCH KENNEDY | SECRETARY/TR Officer | 0.1 | $0 | $131,027 | $33,419 |
| DENNIS LOCKE | DIRECTOR OF Officer | 0.1 | $0 | $113,529 | $30,694 |
| JEROME RICE | DIRECTOR Trustee or director | 0.1 | $0 | $19,723 | $0 |
| ERICA BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $9,995 | $0 |
| JAMIE FULMER | DIRECTOR Trustee or director | 0.1 | $0 | $6,324 | $0 |
| DAVID BRITT | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MANNING LYNCH | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1749, SPARTANBURG, SC 29304-1749
- In care of
- % PRESIDENT
- Principal officer (990 for 2024)
- CHRIS STORY, 295 E MAIN STREET, SPARTANBURG, SC 29302
- Signed the 990
- CHRIS STORY, PRESIDENT
- Phone
- (864) 596-2119
- Return prepared by
- GREENE FINNEY CAULEY LLP
Mission
THE ORGANIZATION'S MISSION IS TO FURTHER ECONOMIC DEVELOPMENT IN THE CITY AND COUNTY OF SPARTANBURG THROUGH A COLLABORATIVE EFFORT OF REPRESENTATIVES FROM BOTH SPARTANBURG CITY COUNCIL AND SPARTANBURG COUNTY COUNCIL.
Program accomplishments
- THE ORGANIZATION EXISTS TO ASSIST THE CITY AND COUNTY OF SPARTANBURG WITH VARIOUS DEVELOPMENT PROJECTS FOR THE BENEFIT OF THE CITY AND ITS CITIZENS. THIS INCLUDES ASSISTING THE CITY AND COUNTY BY OVERSEEING THE ADMINISTRATION OF ECONOMIC DEVELOPMENT PARTNERSHIP FUNDS. IN FY25, THIS INCLUDED TRANSFERS TO THE CITY TO SUPPORT THE CITY'S INVOLVEMENT IN THE DEVELOPMENT OF A MINOR LEAGUE BASEBALL STADIUM IN DOWNTOWN THAT IS PART OF A LARGER MIXED-USE REVITALIZATION PROJECT.Expenses $1,789,882 · grants $1,734,584 · revenue $1,737,695
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
- 85-2032503
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W20)
- Assets (IRS master file)
- $2,578,864
- Income (IRS master file)
- $1,741,195
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,741,195 | $1,793,064 | $2,578,864 | IRS |
| 990 | June 2024 | $2,162,634 | $5,503,371 | $2,624,265 | XML |
| 990 | June 2023 | $1,690,616 | $107,982 | $5,917,438 | XML |
| 990 | June 2022 | $1,566,910 | $126,705 | $4,326,862 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 85-2032503).
Questions about DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT CORPORATION
- What is the EIN of DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT CORPORATION?
- The employer identification number (EIN) of DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT CORPORATION is 85-2032503.
- Is DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT 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 DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT 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 DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT 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 DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT CORPORATION?
- The 990 for the year ended June 30, 2025 names CHRIS STORY.
- Who are the officers and directors of DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN DEVELOPMENT COMMITTEE NONPROFIT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,741,195, expenses of $1,793,064 and total assets of $2,578,864 at year end.
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