Nonprofit · EIN 57-0738992
CITY OF SPARTANBURG DEVELOPMENT CORPORATION
Tax-exempt · SPARTANBURG, SC 29304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $237,580 | $163,221 | $74,359 | $11,911,315 | $528,431 | $11,382,884 |
| June 30, 2024 | 990 | $431,889 | $350,834 | $81,055 | $11,894,525 | $600,000 | $11,294,525 |
| June 30, 2023 | 990 | $155,739 | $155,797 | -$58 | $12,122,470 | $900,000 | $11,222,470 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $110,039
- Investment income
- $35,041
- Other revenue
- $92,500
Expenses
- Grants and similar amounts paid
- $100,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,640
- Accounting fees
- $13,650
- Program services (functional)
- $143,592
- Management and general (functional)
- $19,629
Balance sheet and other
- Total assets, start of year
- $11,894,525
- Total assets, end of year
- $11,911,315
- Total liabilities, end of year
- $528,431
- Net assets, end of year
- $11,382,884
- Net assets without donor restrictions
- $504,884
- Net assets with donor restrictions
- $10,878,000
- Gross receipts
- $237,580
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1982
- State of legal domicile
- SC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS LOCKE | FINANCE DIRE Officer | 0.25 | $0 |
| JEROME RICE MAYOR | PRESIDENT Trustee or director, Officer | 0.02 | $0 |
| KIMBERLY FLY | VICE PRESIDE Trustee or director, Officer | 0.02 | $0 |
| CHRIS STORY | SECRETARY/TR Trustee or director, Officer | 0.25 | $0 |
| ERICA BROWN | DIRECTOR Trustee or director | 0.02 | $0 |
| JOSH JONES | DIRECTOR Trustee or director | 0.02 | $0 |
| LAURA STILLE | DIRECTOR Trustee or director | 0.02 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEROME RICE MAYOR | PRESIDENT Trustee or director, Officer | 0.02 | $0 |
| KIMBERLY FLY | VICE PRESIDE Trustee or director, Officer | 0.02 | $0 |
| CHRIS STORY | SECRETARY/TR Trustee or director, Officer | 0.25 | $0 |
| ERICA BROWN | DIRECTOR Trustee or director | 0.02 | $0 |
| JOSH JONES | DIRECTOR Trustee or director | 0.02 | $0 |
| LAURA STILLE | DIRECTOR Trustee or director | 0.02 | $0 |
| DENNIS LOCKE | FINANCE DIRE Officer | 0.25 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEROME RICE MAYOR | PRESIDENT Trustee or director, Officer | 0.02 | $0 |
| KIMBERLY FLY | VICE PRESIDE Trustee or director, Officer | 0.02 | $0 |
| CHRIS STORY | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| ERICA BROWN | DIRECTOR Trustee or director | 0.02 | $0 |
| JOSH JONES | DIRECTOR Trustee or director | 0.02 | $0 |
| LAURA STILLE | DIRECTOR Trustee or director | 0.02 | $0 |
| DENNIS LOCKE | FINANCE DIRE Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1749, SPARTANBURG, SC 29304-1749
- Principal officer (990 for 2024)
- DENNIS LOCKE, PO BOX 1749, SPARTANBURG, SC 29304
- Signed the 990
- CHRIS STORY, SECRETARY/TREASURER
- Phone
- (864) 596-2119
- Return prepared by
- GREENE FINNEY CAULEY LLP
Mission
THE CITY OF SPARTANBURG DEVELOPMENT CORPORATION EXISTS TO FURTHER ECONOMIC DEVELOPMENT BY RELIEVING UNEMPLOYMENT, COMBATING COMMUNITY DETERIORATION, INCREASING EMPLOYMENT OPPORTUNITIES, AND EXPANDING BUSINESS FOR THE CITY.
Program accomplishments
- IN FY25, THE ORGANIZATION CONTINUED TO FACILITATE AND ADMINISTER VARIOUS LOANS IN SUPPORT OF ECONOMIC DEVELOPMENT IN THE CITY OF SPARTANBURG. ONGOING LOAN ADMINISTRATION INCLUDES THE T.K. GREGG COMMUNITY CENTER IN THE NORTHSIDE COMMUNITY.Expenses $143,592 · grants $100,000 · revenue $110,039
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0738992
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,911,315
- Income (IRS master file)
- $237,580
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $237,580 | $163,221 | $11,911,315 | IRS |
| 990 | June 2024 | $431,889 | $350,834 | $11,894,525 | XML |
| 990 | June 2023 | $155,739 | $155,797 | $12,122,470 | XML |
| 990 | June 2022 | $700,863 | $798,936 | $12,034,528 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 57-0738992).
Questions about CITY OF SPARTANBURG DEVELOPMENT CORPORATION
- What is the EIN of CITY OF SPARTANBURG DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CITY OF SPARTANBURG DEVELOPMENT CORPORATION is 57-0738992.
- Is CITY OF SPARTANBURG DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1985.
- Are donations to CITY OF SPARTANBURG DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CITY OF SPARTANBURG 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 CITY OF SPARTANBURG DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CITY OF SPARTANBURG DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CITY OF SPARTANBURG DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names DENNIS LOCKE.
- Who are the officers and directors of CITY OF SPARTANBURG DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does CITY OF SPARTANBURG DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $237,580, expenses of $163,221 and total assets of $11,911,315 at year end.
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