Nonprofit · EIN 94-3427264
SCOTLAND DEVELOPMENT CORPORATION
Tax-exempt · LAURINBURG, NC 28352
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $890,000 | $473,872 | $416,128 | $11,141,569 | $9,687,374 | $1,454,195 |
| December 31, 2023 | 990 | $890,000 | $512,310 | $377,690 | $11,092,124 | $10,054,057 | $1,038,067 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $890,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $473,872
Balance sheet and other
- Total assets, start of year
- $11,092,124
- Total assets, end of year
- $11,141,569
- Total liabilities, end of year
- $9,687,374
- Net assets, end of year
- $1,454,195
- Net assets without donor restrictions
- $1,454,195
- Gross receipts
- $890,000
- Employees
- 0
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 |
|---|---|---|---|
| ANDREW WILLIAMSON | VICE CHAIRMAN Trustee or director | 1 | $0 |
| DELORES A HAMMOND | SEC./TREASURER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW WILLIAMSON | VICE CHAIRMAN Trustee or director | 1 | $0 |
| DELORES A HAMMOND | SEC./TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 606 ATKINSON ST, LAURINBURG, NC 28352-4405
- Signed the 990
- ANDREW WILLIAMSON, Chairman
- Return prepared by
- G B Baines & Associates
Mission
Primarily, the goal of Scotland Development Corporation is to assist in developing the individuals in the community to be productive citizens with self esteem primarily motivated by work force development and training. Recently, Scotland Development Corporation has joined with St.Andrews University in an effort to keep the university open in Scotland County so that the community will be able to be viable economically and provide education to the citizens in this economically disadvantaged area.
Program accomplishments
- Scotland Development Corporation continues to provide opportunities for economic development in the Scotland County Area by conducting and supporting projects and activities that promote educational advancement to displaced workers and those pursuing a college degree. Specifically, Scotland Development Corporation has joined with St.Andrews University to help ensure that secondary education is avaiable in Scotland County. Having a university in this area is vital to economic development and educational advancement for the citizens of Southeastern North Carolina.Expenses $473,872 · revenue $890,000
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
- 94-3427264
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $11,141,569
- Income (IRS master file)
- $890,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $890,000 | $473,872 | $11,141,569 | IRS |
| 990 | December 2023 | $890,000 | $512,310 | $11,092,124 | IRS |
| 990 | December 2022 | $1,024,130 | $535,109 | $11,075,972 | IRS |
| 990 | December 2021 | $840,000 | $553,455 | $11,076,671 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 94-3427264).
Questions about SCOTLAND DEVELOPMENT CORPORATION
- What is the EIN of SCOTLAND DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SCOTLAND DEVELOPMENT CORPORATION is 94-3427264.
- Is SCOTLAND DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to SCOTLAND DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCOTLAND 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 SCOTLAND DEVELOPMENT CORPORATION 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 SCOTLAND DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of SCOTLAND DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does SCOTLAND DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $890,000, expenses of $473,872 and total assets of $11,141,569 at year end.
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All nonprofits in LAURINBURG · North Carolina · Community improvement and capacity building