Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 47-1453325

ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC

Tax-exempt · AMERICUS, GA 31709

Financials

$7.6M$8.1M2023$6.2M$6.5M2024
Revenue Expenses · by fiscal year end
Financials of ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,211,695$6,480,578-$268,883$555,387$131,962$423,425
December 31, 2023990$7,610,491$8,099,481-$488,990$757,308$65,000$692,308
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$98,475
Program service revenue
$0
Investment income
$460
Other revenue
$6,112,760

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$141,247
Salaries, compensation and benefits (total)
$149,441
Professional fundraising fees
$0
Legal fees
$100
Accounting fees
$22,185
Program services (functional)
$352,644
Management and general (functional)
$6,127,934

Balance sheet and other

Total assets, start of year
$757,308
Total assets, end of year
$555,387
Total liabilities, end of year
$131,962
Net assets, end of year
$423,425
Publicly traded securities
$2,019
Net assets without donor restrictions
$423,425
Gross unrelated business income
$6,112,760
Gross receipts
$6,211,695
Employees
3
Year formed
2015
State of legal domicile
GA

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.

NameTitleHours / weekCompensation
MARY BETH BROWNLEESECRETARY
Trustee or director, Officer
5$0
KATHERINE COUNCILBOARD MEMBER
Trustee or director
5$0
BILL HARRIS JRTREASURER
Trustee or director, Officer
5$0
DR ALEX RICCARDIBOARD MEMBER
Trustee or director
5$0
ALEX SARATSIOTISCHAIRMAN
Trustee or director, Officer
5$0
RENE SMITHBOARD MEMBER
Trustee or director
5$0
LEWIS WEBBVICE CHAIR
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
MARY BETH BROWNLEESECRETARY
Trustee or director, Officer
5$0
BILL HARRIS JRTREASURER
Trustee or director, Officer
5$0
DR ALEX RICCARDIBOARD MEMBER
Trustee or director
5$0
ALEX SARATSIOTISCHAIRMAN
Trustee or director, Officer
5$0
RENE SMITHBOARD MEMBER
Trustee or director
5$0
LEWIS WEBBVICE CHAIR
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
PO BOX 6714, AMERICUS, GA 31709-6714
In care of
% FOUNDATION INC
Mailing address (990-N for 2014)
P O Box 6714, Americus GA 31709
Principal officer (990 for 2024)
ALEX SARATSIOTIS, 110 HIDDEN DRIVE, AMERICUS, GA 31709
Principal officer (990-N for 2014)
Ted McMillian, P O Box 6714, Americus GA 31709
Signed the 990
ALEX SARATSIOTIS, CHAIRMAN
Phone
(229) 924-3042
Return prepared by
MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC

Mission

ENHANCEMENT AND PROMOTION OF ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, MARKETING AND COMMUNICATIONS, AND TRANSPORTATION EFFORTS IN SUMTER COUNTY, GEORGIA

990 for the year ended December 31, 2024

Program accomplishments

  • ECONOMIC DEVELOPMENT - DEVELOPED AND PROMOTED PROJECTS DESIGNED TO ENHANCE ECONOMIC DEVELOPMENT, ENCOURAGE NEW BUSINESS GROWTH AND DOWNTOWN REDEVELOPMENT IN SUMTER COUNTY AND THE MUNICIPALITIES THEREIN BY SUPPORTING NEXT SITE CONSULTING, COMMUNITY & REGIONAL PARTNERSHIPS, AND GROW 2024 CAPITAL CAMPAIGN.
    Expenses $137,816
  • WORKFORCE DEVELOPMENT - WORKED CLOSELY WITH BUSINESS AND EDUCATION LEADERS IN SUMTER COUNTY TO ENABLE OUR FUTURE WORKFORCE TO HAVE A GREATER OPPORTUNITY TO DEVELOP THEIR TALENTS AND BE BETTER EQUIPPED TO BECOME PRODUCTIVE MEMBERS IN THE COMMUNITY BY SUPPORTING THE COLLEGE AND CAREER ACADEMY AND LOCATE SOUTH GA LEADS.
    Expenses $197,750
  • LEADERSHIP DEVELOPMENT AND REGIONAL SUSTAINABILITY
    Expenses $17,078
  • - PROVIDED ADMINISTRATIVE SUPPORT FOR THE INGNIT COLLEGE AND CARRER ACADEMY, THE GROWTH 2024 CAMPAIGN, THE STOCK PHOTOGRAPHY LIBRARY, WEBSIT REDESIGN, PARTNERSHIP WITH SOUTH GEORGIA LEADS REGIONAL LEADERSHIP DEVELOPMENT PROGRAM BY SPONSORING A SOUTH GEORGIA REPRESENTATIVE, AND ESTABLISHED A CENSUS COMPLETE COUNT COMMITTEE

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-1453325
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
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$555,387
Income (IRS master file)
$6,211,695

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,211,695$6,480,578$555,387IRS
990December 2023$7,610,491$8,099,481$757,308XML
990December 2022$1,060,926$341,272$1,201,298IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2014
Officer: Ted McMillian
December 31, 2014≤ $50,000 receipts––e-Postcard

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 47-1453325).

Questions about ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC

What is the EIN of ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC?
The employer identification number (EIN) of ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC is 47-1453325.
Is ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC 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 ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC 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 ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC 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 ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC?
The 990 for the year ended December 31, 2024 names ALEX SARATSIOTIS.
Who are the officers and directors of ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,211,695, expenses of $6,480,578 and total assets of $555,387 at year end.

Other nonprofits in AMERICUS

All nonprofits in AMERICUS · Georgia · Community improvement and capacity building