Nonprofit · EIN 92-0316773
SOUTHERN PALMETTO FOUNDATION
Also known as PALMETTO INNOVATION CENTER
Tax-exempt · BARNWELL, SC 29812
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $392,774 | $392,392 | $382 | $17,107 | $8,946 | $8,161 |
| December 31, 2023 | 990 | $294,213 | $287,312 | $6,901 | $17,641 | $9,480 | $8,161 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $267,652
- of which government grants
- $247,423
- Membership dues
- $7,055
- Program service revenue
- $119,402
- Investment income
- $0
- Other revenue
- $5,720
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $117,562
- Salaries, compensation and benefits (total)
- $152,908
- Professional fundraising fees
- $0
- Accounting fees
- $4,469
- Occupancy
- $6,594
- Program services (functional)
- $128,727
- Management and general (functional)
- $201,381
- Fundraising (functional)
- $62,284
Balance sheet and other
- Total assets, start of year
- $17,641
- Total assets, end of year
- $17,107
- Total liabilities, end of year
- $8,946
- Net assets, end of year
- $8,161
- Net assets without donor restrictions
- $8,161
- Gross receipts
- $392,774
- Employees
- 6
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Snead | President and CEO Officer | 40 | $79,281 |
| Enterick Lee | Director of Programs Key employee | 40 | $49,551 |
| India Harltley | Director of Marketing and Membership Key employee | 20 | $7,384 |
| Adrian Crawford | Programming Assistant Key employee | 20 | $3,232 |
| Zachary Williams | Palmetto Innovation Center Coordinator Key employee | 20 | $2,153 |
| Julia Dempsey | Grant Writer Key employee | 20 | $769 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Snead | Founder Officer | 40 | $80,000 |
| Enterick Lee | Program Manager Key employee | 40 | $45,000 |
Address and contacts
- Address (IRS master file)
- 218 MAIN ST, BARNWELL, SC 29812-2516
- In care of
- % ROBERT SNEAD
- Principal officer (990 for 2024)
- ROBERT SNEAD, 218 MAIN ST, BARNWELL, SC 298122516
- Signed the 990
- Robert, President & CEO
- Phone
- (803) 621-2850
- Return prepared by
- Davis Tax Consulting & Fin Svc
Mission
The Southern Palmetto Foundation works to drive positive economic Impact foster regional talent and improve overall quality of life throughout the CSRA with a focus on Barnwell and Allendale Counties.
Program accomplishments
- Propel Business Lab: 12-week business accelerator program for emerging entrepreneurs of various experience levels focused on the particular challenges of doing business in the region developed by the Palmetto Innovation Center in partnership with USC Salkehatchies Leadership Institute. The program hosts business development lessons alongside technology centric workshops with a focus on businesses that have impact on Barnwell and Allendale Counties.Expenses $77,957 · revenue $73,730
- Coding Career Connect: Meeting on the 2nd & 4th Sunday of every month participants are mentored by Edward Wald a Barnwell native computer programmer with 20 years of experience in the field. Students are able to receive assistance while they work on learning code while participating in a fun code-based activity every meeting.Expenses $40,265 · revenue $12,900
- BBQ Blues & Boos: This program combines live music barbecue cook-offs and family-friendly fun to highlight the culture and spirit of the region. Proceeds from this program directly support free and low-cost programs for emerging entrepreneurs and small businesses in Barnwell and neighboring Allendale counties helping to strengthen local economic development and business growth.revenue $26,822
- EmpowHER: The initiative specifically supports planning marketing financing and growth of women-led businesses while promoting broader economic independence and business success for women in the region.Expenses $7,179
- Homegrown Leadership: 6-month leadership-development initiative designed to equip emerging and mid-level leaders in the region with practical skills strategies and a stronger sense of community-oriented leadership. Participants engage in monthly sessions that focus on visioning team building conflict management communication especially public speaking and authentic leadership. Upon completion graduates are celebrated at the Homegrown Leadership Summit and are better prepared to lead in their workplaces civic organizations and local government.Expenses $1,128 · revenue $3,000
- Farmers Market: Strengthens the local food economy by providing a direct-to-consumer marketplace that supports farmers producers artisans and the community. It aims to foster a more sustainable and equitable local food system enhance access to fresh locally grown foods promote wellness and encourage community-based entrepreneurship and land stewardship.Expenses $2,198 · revenue $5,720
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 | Not 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
- 92-0316773
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $17,107
- Income (IRS master file)
- $392,774
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $392,774 | $392,392 | $17,107 | XML |
| 990 | December 2023 | $294,213 | $287,312 | $17,641 | 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 92-0316773).
Questions about SOUTHERN PALMETTO FOUNDATION
- What is the EIN of SOUTHERN PALMETTO FOUNDATION?
- The employer identification number (EIN) of SOUTHERN PALMETTO FOUNDATION is 92-0316773.
- Is SOUTHERN PALMETTO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to SOUTHERN PALMETTO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHERN PALMETTO 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 SOUTHERN PALMETTO FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHERN PALMETTO FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTHERN PALMETTO FOUNDATION?
- The 990 for the year ended December 31, 2024 names ROBERT SNEAD.
- Who are the officers and directors of SOUTHERN PALMETTO FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $79,281 (Robert Snead, President and CEO).
- How much revenue does SOUTHERN PALMETTO FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $392,774, expenses of $392,392 and total assets of $17,107 at year end.
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