NonprofitsPalmetto Economic Development Corp

Palmetto Economic Development Corp

COLUMBIA, SC

Total revenue

$4.6M

Total expenses

$4.1M

Net assets

$2.3M

Grants received

$3K

2 grants

EIN

570873176

Tax year

2024

Mission

Palmetto economic development corporation is the economic development alliance of the state's 19 electric cooperatives. Together they provide power to more than 2 million south carolinians.

Programs

1 program

Support expansion and retention of existing businesses and facilities

Expenses: $1.6MGrants: $27K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$4.5M
Investment income$157K
Other revenue
Total revenue$4.6M

Expenses

Grants paid$55K
Salaries & benefits$2.3M
Fundraising
Other expenses$1.8M
Total expenses$4.1M
Total assets$3.3M
Net assets$2.3M

People

19 listed

NameRoleCompensation

JAMES CHAVEZ

PRESIDENT AND CEO

Board

$410K

40 hrs/wk

TERRY W MALLARD

CHAIRMAN

Board

$9K

4 hrs/wk

MARY SHERIDAN

VICE CHAIRMAN

Board

$9K

4 hrs/wk

CHARLES E ADAIR

VICE CHAIRMAN

Board

$7K

2 hrs/wk

BARBARA F WESTON

TRUSTEE

Board

$7K

2 hrs/wk

JAMES M BUNTON JR

TRUSTEE

Board

$7K

2 hrs/wk

JOHNNIE L DICKERT

TRUSTEE

Board

$6K

2 hrs/wk

GARY L STOOKSBURY

TRUSTEE

Board

$4K

2 hrs/wk

PAUL BASHA

TRUSTEE

Board

$3K

2 hrs/wk

ARCHIE B DAVIS JR

TRUSTEE

Board

$3K

2 hrs/wk

BRIAN W BROUGHTON

TRUSTEE

Board

$3K

2 hrs/wk

ROBERT G ARDIS III

TRUSTEE

Board

$3K

2 hrs/wk

DANIEL B SHELLEY III

SECRETARY

Board

4 hrs/wk

ROB HOCHSTETLER

NON-VOTING EX- OFFICIO

Board

4 hrs/wk

MICHAEL FULLER

SECRETARY

Board

2 hrs/wk

WARREN DARBY JR

SR VP GLOBAL BUSINESS

Staff

$237K

40 hrs/wk

REBECCA BRELAND

SR VP COMMUNITY PREPAREDNE

Staff

$158K

40 hrs/wk

ANGELYN SMITH

SENIOR PROJECT MANAGER

Staff

$126K

40 hrs/wk

MARC METCALF

SENIOR PROJECT MANAGER

Staff

$125K

40 hrs/wk

Independent contractors

WILD DUNES JV LLC

EVENT FACILITIES

$196K

NP STRATEGY LLC

CONSULTING

$160K

HAMILTON CAPITOL CENTER LLC

RENT

$142K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$2K
GENERAL SUPPORT
2020
$2K
GENERAL USE
2020

Funded by

$3K from 2 funders · 2 grants · 2020

M B Kahn Foundation Inc

$2K · 1 grant · 2020

Davis Family Foundation Inc

$2K · 1 grant · 2020

Details

EIN570873176
Subsection03
Ruling date1989-12
Formed1988
Employees10
Volunteers0
PALMETTO ECONOMIC DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo