2024-04-18T06:33:28-05:00 2023-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2022-07-01 201690146 SOUTH CAROLINA COUNCIL ON COMPETITIVENESS SOUT 8037601400 1411 GERVAIS STREET 450 COLUMBIA SC 29201 SUE ANN SHANNON PRESIDENT AND CEO 8037601400 2024-04-15 1 SUE ANN SHANNON 999009999 0 JANICE A RATICA P00358837 7043338881 2024-03-25 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUE ANN SHANNON 1411 GERVAIS STREET SUITE 450 COLUMBIA SC 29201 2955835 0 X SCCOMPETES.ORG X 2004 SC PROVIDING ACTIONABLE RESEARCH, SUPPORTING INDUSTRY CLUSTERS, AND FURTHERING EDUCATION AND WORKFORCE DEVELOPMENT. 10 9 7 120 0 0 2497198 2947708 0 0 333 8127 0 0 2497531 2955835 0 0 0 0 525579 638791 0 0 0 1769979 2029482 2295558 2668273 201973 287562 3212326 3278017 455160 233289 2757166 3044728 X THE SOUTH CAROLINA COUNCIL ON COMPETITIVENESS IS A NONPARTISAN, BUSINESS-LED NON-PROFIT ORGANIZATION COMMITTED TO ADVANCING THE LONG TERM COMPETITIVENESS OF SOUTH CAROLINA THROUGH ACTIONABLE RESEARCH, SUPPORT OF INDUSTRY CLUSTERS AND EDUCATION AND WORKFORCE DEVELOPMENT INITIATIVES. 0 0 2399895 THE SOUTH CAROLINA COUNCIL ON COMPETITIVENESS WORKS TO ADVANCE THE ECONOMIC COMPETITIVENESS OF THE STATE OF SOUTH CAROLINA THROUGH RESEARCH, SUPPORT FOR INDUSTRY CLUSTERS, AND EDUCATION AND WORKFORCE INITIATIVES. 2399895 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 26 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X SUE ANN SHANNON 8037601400 1411 GERVAIS STREET 450 COLUMBIA SC 29201 SUE ANN SHANNON PRESIDENT & CEO 40.00 X X 38000 0 0 PAULA HARPER BETHEA BOARD MEMBER 0.50 X 0 0 0 MIKE MIZEUR BOARD MEMBER 0.50 X 0 0 0 DON HERRIOTT BOARD MEMBER 0.50 X 0 0 0 PAMELA LACKEY BOARD MEMBER 0.50 X 0 0 0 JOHN LUMPKIN JR BOARD MEMBER 0.50 X 0 0 0 GEORGE WOLFE BOARD MEMBER 0.50 X 0 0 0 M WILLIAM YOUNGBLOOD BOARD MEMBER 0.50 X 0 0 0 M EDWARD SELLERS CHAIRMAN 1.00 X X 0 0 0 JOEL A SMITH III TREASURER 0.50 X X 0 0 0 38000 0 0 0 0 0 0 DELTA BRAVO ARTIFICIAL INTELLIGENCE 1008 PERRIWINKLE LANE FORT MILL SC 29708 GRANT-RELATED SERVICES 285000 BOSTON DYNAMICS 78 FOURTH AVENUE WALTHAM MA 02451 FOR GRANT-RELATED SERVICES AND EQUIPMENT 198806 K12 MANAGEMENT 1501 BELLE ISLE AVENUE SUITE 200 MOUNT PLEASANT SC 29464 GRANT-RELATED AND OTHER PROGRAM SERVICES 160000 RESH MARKETING CONSULTANTS 22 SURREY COURT COLUMBIA SC 29212 CLUSTER PROGRAM SERVICES 141300 SOUTHERN REGIONAL EDUCATION BOARD 592 TENTH STREET NW ATLANTA GA 30318 GRANT-RELATED SERVICES 120300 8 2358465 589243 2947708 8127 8127 2955835 0 0 8127 40306 37228 3078 524834 491712 33122 30418 28185 2233 43233 39795 3438 20000 2000 18000 113788 16390 97398 31281 17755 13526 1880 704 1176 65143 50394 14749 82801 76672 6129 95204 95204 343 69 274 54310 10862 43448 5963 1859 4104 CONTRACT SERVICES 1265195 1245251 19944 MARKETING AND STRATEGY 154726 146967 7759 PROGRAM - OTHER 108693 108693 BAD DEBT EXPENSE 30155 30155 2668273 2399895 268378 0 2494803 2566975 4139 42805 631072 204584 70499 101949 232878 72825 6563 160053 5250 27444 0 174207 3212326 3278017 422338 56249 30582 0 2240 177040 455160 233289 X 2681500 2960891 75666 83837 2757166 3044728 3212326 3278017 287562 0 X 0 1 X 1 0 X 1656512 1850048 1883802 2497198 2497708 10385268 1656512 1850048 1883802 2497198 2497708 10385268 992069 9393199 1042 1441 316 333 8127 11259 10396527 0.90350 0.88870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 20000 2248273 2268273 263414 65854 0 0 212720 225350 264778 263414 966262 1449393 21800 21500 16800 20000 80100 53180 56338 66195 65854 241567 362351 5000 10000 7500 10000 32500 232878 72825 160053 160053 RIGHT OF USE ASSET 174207 174207 LEASE LIABILITY 177040 177040 X 3518425 562590 562590 2955835 0 2955835 3230863 562590 562590 2668273 0 2668273 PART X, LINE 2: THE COUNCIL IS A TAX-EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COUNCIL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COUNCIL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COUNCIL, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COUNCIL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. PART XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTIONS 562,590. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND EXPENSES 562,590. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A COMPLETE COPY OF THE FORM 990 TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS AND ACKNOWLEDGES THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A IN ORDER TO CONFIRM THAT COMPENSATION IS REASONABLE, THE BOARD WAS PROVIDED DOCUMENTATION DERIVED FROM RECENT TAX RETURNS THAT SHOW COMPARABLE COMPENSATION PAID TO OTHER SIMLARLY-SITUATED NONPROFIT CEOS. ALL DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST PALMETTO APPLIED RESEARCH COUNCIL LLC 1411 GERVAIS STREET SUITE 450 COLUMBIA SC 29201 873245643 APPLIED RESEARCH SC 194750 61625 SC COUNCIL ON COMPETITIVENESS