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Nonprofit · EIN 88-1094522

BUILDING FORENCE TOGETHER CDC

Tax-exempt · FLORENCE, SC 29501

Financials

$406K$5K2022$304K$8K2023$2.6M$116K2024
Revenue Expenses · by fiscal year end
Financials of BUILDING FORENCE TOGETHER CDC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,579,798$116,046$2,463,752$3,317,932$157,800$3,160,132
June 30, 2024990$304,028$7,977$296,051$696,380$0$696,380
June 30, 2023990$405,500$5,171$400,329$400,329$0$400,329
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,358,087
of which government grants
$300,000
Program service revenue
$107,270
Investment income
$114,441
Net gain from sales of assets
$71,951
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$32,445
Occupancy
$888
Travel
$656
Depreciation
$14,676
Program services (functional)
$80,531
Management and general (functional)
$35,465
Fundraising (functional)
$50

Balance sheet and other

Total assets, start of year
$696,380
Total assets, end of year
$3,317,932
Total liabilities, end of year
$157,800
Net assets, end of year
$3,160,132
Land, buildings and equipment
$2,221,382
Net assets without donor restrictions
$3,154,632
Net assets with donor restrictions
$5,500
Gross receipts
$2,727,747
Employees
0
Volunteers
0
Year formed
2023
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.

NameTitleHours / weekCompensationOther / benefits
MICHELLE MORGANEXECUTIVE DIRECTOR
Trustee or director, Officer
40$0$100,000
LES ECHOLSMEMBER
Trustee or director
1$0$0
TYRON JONESMEMBER
Trustee or director
1$0$0
SUZANNE LA ROCHELLEMEMBER
Trustee or director
1$0$0
DEVON LONGMEMBER
Trustee or director
1$0$0
JAMMIE MCDONALDMEMBER
Trustee or director
1$0$0
TIM WALTERSSECRETARY
Trustee or director, Officer
1$0$0
CHRISTOPHER HANDLEYVICE-PRESIDENT
Officer
1$0$0
FRANK C SWAGGARDPRESIDENT
Officer
4$0$0
TERRANCE J THOMASTREASURER
Officer
1$0$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensation
LES ECHOLSMEMBER
Trustee or director
1$0
CHRISTOPHER HANDLEYMEMBER
Trustee or director
1$0
SUZANNE LA ROCHELLEMEMBER
Trustee or director
1$0
DEVON LONGMEMBER
Trustee or director
1$0
TIM WATERSMEMBER
Trustee or director
1$0
MICHELLE MORGANEXECUTIVE DIRECTOR
Trustee or director, Officer
40$0
TYRON JONESPRESIDENT
Officer
4$0
JAMMIE MCDONALDSECRETARY
Officer
1$0
FRANK C SWAGGARDVICE-PRESIDENT
Officer
1$0
TERRANCE J THOMASTREASURER
Officer
1$0
990 for the year ended June 30, 2023: 12 people
NameTitleHours / weekCompensation
CRAIG BOATWRIGHTMEMBER
Trustee or director
1$0
LES ECHOLSMEMBER
Trustee or director
1$0
MAGGIE GLOVERMEMBER
Trustee or director
1$0
CHRIS HANDLEYMEMBER
Trustee or director
1$0
TYRONE JONESMEMBER
Trustee or director
1$0
SUZANNE LA ROCHELLEMEMBER
Trustee or director
1$0
DEVON LONGMEMBER
Trustee or director
1$0
JAMIE MCDONALDMEMBER
Trustee or director
1$0
DERRICK OWENSMEMBER
Trustee or director
1$0
CLAY SWAGGARDMEMBER
Trustee or director
1$0
TIM WATERSMEMBER
Trustee or director
1$0
MICHELLE MORGANEXECUTIVE DIRECTOR
Trustee or director, Officer
40$0

Address and contacts

Address (IRS master file)
324 W EVANS ST, FLORENCE, SC 29501-3430
Principal officer (990 for 2024)
MICHELLE MORGAN, 324 W EVANS ST, FLORENCE, SC 29501
Signed the 990
MICHELLE MORGAN, EXECUTIVE DIRECTOR
Phone
(843) 665-3175
Return prepared by
BURCH OXNER SEALE CO CPA'S PA

Mission

TO ACTIVELY SEEK TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS AND CITIZENS OF THE CITY OF FLORENCE THROUGH ACTIVITIES DESIGNED TO ENCOURAGE AND FACILITATE THE REDEVELOPMENT AND REVITALIZATION OF NEIGHBORHOODS WITHIN THE CITY.

990 for the year ended June 30, 2025

Program accomplishments

  • TO FACILITATE NEIGHBORHOOD REDEVELOPMENT AND REVITALIZATION.
    revenue $71,951
  • TO PROVIDE ACCESS TO APPROPRIATE HOUSING.
    Expenses $80,531 · revenue $107,270

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
88-1094522
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
2023
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,317,932
Income (IRS master file)
$2,727,747

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,579,798$116,046$3,317,932XML
990June 2024$304,028$7,977$696,380XML
990June 2023$405,500$5,171$400,329XML

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 88-1094522).

Questions about BUILDING FORENCE TOGETHER CDC

What is the EIN of BUILDING FORENCE TOGETHER CDC?
The employer identification number (EIN) of BUILDING FORENCE TOGETHER CDC is 88-1094522.
Is BUILDING FORENCE TOGETHER CDC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to BUILDING FORENCE TOGETHER CDC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BUILDING FORENCE TOGETHER CDC 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 BUILDING FORENCE TOGETHER CDC 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 BUILDING FORENCE TOGETHER CDC 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 BUILDING FORENCE TOGETHER CDC?
The 990 for the year ended June 30, 2025 names MICHELLE MORGAN.
Who are the officers and directors of BUILDING FORENCE TOGETHER CDC?
The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does BUILDING FORENCE TOGETHER CDC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,579,798, expenses of $116,046 and total assets of $3,317,932 at year end.

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