Nonprofit · EIN 30-0390898
PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II
Tax-exempt (reinstated) · CHARLESTON, SC 29413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $140,000 | $155,543 | -$15,543 | $32,750 | $0 | $32,750 |
| December 31, 2023 | 990-EZ | $140,381 | $163,422 | -$23,041 | $48,293 | $0 | $48,293 |
| December 31, 2022 | 990-EZ | $131,981 | $129,005 | $2,976 | $71,334 | $0 | $71,334 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Membership dues
- $115,000
- Net income from fundraising events
- $25,000
Expenses
- Grants and similar amounts paid
- $31,300
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,000
- Other expenses
- $122,243
- Program services (functional)
- $148,613
Balance sheet and other
- Total assets, start of year
- $48,293
- Total assets, end of year
- $32,750
- Total liabilities, end of year
- $0
- Net assets, end of year
- $32,750
- Cash, savings and investments
- $32,750
- Gross receipts
- $165,000
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE CARTER | PRESIDENT | 2 | $0 |
| NELSON BURCH | VICE PRESIDENT | 5 | $0 |
| BRAD PULASKI | TREASURER | 4 | $0 |
| STEVEN BAILEY | SECRETARY | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE CARTER | PRESIDENT | 2 | $0 |
| NELSON BURCH | VICE PRESIDENT | 5 | $0 |
| BRAD PULASKI | TREASURER | 4 | $0 |
990-EZ for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE CARTER | SECRETARY | 2 | $0 |
| JARED BLACK | PRESIDENT | 6 | $0 |
| GEORGE RAMSAY | VICE PRESIDENT | 5 | $0 |
| LANCE MENGEL | TREASURER | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 20211, CHARLESTON, SC 29413-0211
- In care of
- % RYAN EARNEST
- Signed the 990-EZ
- LANCE MENGEL, TREASURER
- Phone
- (843) 853-9033
- Website
- WWW.THEPALMETTOSOCIETY.COM
- Return prepared by
- HUTTO PRESTON & ASSOCIATES LLC
Mission
THE PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON (THE "CORPORATION") WAS INCORPORATED ON SEPTEMBER 11, 2008, AS A SOUTH CAROLINA NONPROFIT, NON-STOCK PUBLIC BENEFIT CORPORATION WITH MEMBERS. THE CORPORATION WAS FORMED AND IS OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITH THE NET EARNINGS BEING DEVOTED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL, OR RECREATIONAL PURPOSES. IN PARTICULAR, THE CORPORATION WAS FORMED IN THE SPIRIT OF ESTABLISHING FOR YOUNG PROFESSIONALS, AN OPPORTUNITY FOR ORGANIZED, PROGRESSIVE, AND SUSTAINED INVOLVEMENT IN THE LOCAL CHARLESTON, SOUTH CAROLINA COMMUNITY. TO DATE, THE ROSTER OF THE SOCIETY BOASTS ALMOST 100 MEMBERS. THE CORPORATION'S MEMBERS CONSIST OF YOUNG PROFESSIONALS REPRESENTING LOCAL INDUSTRIES INCLUDING REAL ESTATE, DEVELOPMENT, BANKING, FINANCIAL PLANNING, ACCOUNTING, MARKETING, ADVERTISING, HOSPITALITY, FOOD AND BEVERAGE, MEDICINE, LAW, INTERNATIONAL TRADE, PUBLISHING AND OTHER FIELDS.
Program accomplishments
- PROVIDED THE OVER 100 YOUNG PROFESSIONAL MEMBERS THE OPPORTUNITY FOR ORGANIZED, PROGRESSIVE, AND SUSTAINED INVOLVEMENT THROUGH LOCAL CHARLESTON EVENTS INCLUDING THE ANNUAL RED FISH TOURNAMENT THAT HAD OVER 125 PARTICIPANTS, A CHRISTMAS PARTY TO RAISE FUNDS FOR GIFTS FOR TOYS FOR TOTS, AND MEMBER EVENTS FOR RECREATIONAL AND NETWORKING PURPOSES.Expenses $113,613
- NET EARNINGS FROM EVENTS GO TO CHARITABLE OR EDUCATIONAL PURPOSES. IN THE CURRENT YEAR THAT INCLUDES $35,000 IN DIRECT CONTRIBUTIONS TO ORGANIZATIONS SUCH AS TOYS FOR TOTS, DOWN SYNDROME ASSOCIATION OF THE LOWCOUNTY, AND HABITAT FOR HUMANITY.Expenses $35,000
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 30-0390898
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S03)
- Assets (IRS master file)
- $32,750
- Income (IRS master file)
- $165,000
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- September 8, 2014
- Reinstated
- Effective May 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $140,000 | $155,543 | $32,750 | XML |
| 990-EZ | December 2023 | $140,381 | $163,422 | $48,293 | XML |
| 990-EZ | December 2022 | $131,981 | $129,005 | $71,334 | XML |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 30-0390898).
Questions about PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II
- What is the EIN of PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II?
- The employer identification number (EIN) of PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II is 30-0390898.
- Is PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2011.
- Are donations to PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II 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 PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II 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 PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PALMETTO PROFESSIONAL SOCIETY OF CHARLESTON II have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $140,000, expenses of $155,543 and total assets of $32,750 at year end.
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