Nonprofit · EIN 57-0962986
CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA
Tax-exempt · COLUMBIA, SC 29221
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $569,341 | $451,180 | $118,161 | $1,317,257 | $105,432 | $1,211,825 |
| December 31, 2024 | 990 | $447,388 | $400,342 | $47,046 | $1,146,231 | $52,567 | $1,093,664 |
| December 31, 2023 | 990 | $460,138 | $366,223 | $93,915 | $1,074,184 | $27,566 | $1,046,618 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $542,200
- Investment income
- $6,302
- Other revenue
- $20,839
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,600
- Program services (functional)
- $401,242
- Management and general (functional)
- $49,938
Balance sheet and other
- Total assets, start of year
- $1,146,231
- Total assets, end of year
- $1,317,257
- Total liabilities, end of year
- $105,432
- Net assets, end of year
- $1,211,825
- Net assets without donor restrictions
- $1,211,825
- Gross unrelated business income
- $1
- Gross receipts
- $569,341
- Employees
- 0
- Year formed
- 1993
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOUGLAS T YEATES | CHAIRMAN Officer | 1 | $1,800 |
| CHANTAL FRYER | DIRECTOR Trustee or director | 1 | $1,800 |
| JOHN W FOLSOM | DIRECTOR Trustee or director | 1 | $1,725 |
| J HOLT CHETWOOD | DIRECTOR Trustee or director | 1 | $1,500 |
| JOHN CADENA | SECRETARY Officer | 1 | $1,425 |
| GREGORY DAVIS | DIRECTOR Trustee or director | 1 | $1,425 |
| FJ DANIEL FELDER III | DIRECTOR Trustee or director | 1 | $1,350 |
| R MONTAGUE LAFFITTE III | DIRECTOR Trustee or director | 1 | $1,350 |
| F WILLIAM LAMOTTE III | DIRECTOR Trustee or director | 1 | $1,125 |
| SAMUEL M LEAMAN III | DIRECTOR Trustee or director | 1 | $1,125 |
| C GREGORY ROBINSON | DIRECTOR Trustee or director | 1 | $1,125 |
| JOHN TRULUCK | DIRECTOR Trustee or director | 1 | $750 |
| JM MALINOWSKI | DIRECTOR Trustee or director | 1 | $600 |
| MICHELLE DAVIS | EXECUTIVE DI Officer | 1 | $0 |
| PETER SHAND | EXEC VICE PR Officer | 1 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN CADENA | DIRECTOR Trustee or director | 1 | $1,875 |
| F WILLIAM LAMOTTE III | SECRETARY Trustee or director, Officer | 1 | $1,800 |
| JOHN W FOLSOM | DIRECTOR Trustee or director | 1 | $1,725 |
| SAMUEL M LEAMAN III | DIRECTOR Trustee or director | 1 | $1,575 |
| HOLT CHETWOOD | DIRECTOR Trustee or director | 1 | $1,500 |
| GREGORY DAVIS | DIRECTOR Trustee or director | 1 | $1,500 |
| CHANTAL FRYER | DIRECTOR Trustee or director | 1 | $1,500 |
| R MONTAGUE LAFFITTE III | DIRECTOR Trustee or director | 1 | $1,500 |
| JM MALINOWSKI | DIRECTOR Trustee or director | 1 | $1,500 |
| JOHN TRULUCK | DIRECTOR Trustee or director | 1 | $1,350 |
| FJ DANIEL FELDER III | DIRECTOR Trustee or director | 1 | $1,200 |
| DOUGLAS T YEATES | CHAIRMAN Officer | 1 | $1,125 |
| C GREGORY ROBINSON | DIRECTOR Trustee or director | 1 | $825 |
| MICHELLE DAVIS | EXECUTIVE DI Officer | 1 | $0 |
| PETER SHAND | EXEC VICE PR Officer | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN CADENA | DIRECTOR Trustee or director | 1 | $1,875 |
| DOUGLAS T YEATES | CHAIRMAN Officer | 1 | $1,725 |
| R MONTAGUE LAFFITTE III | DIRECTOR Trustee or director | 1 | $1,575 |
| F WILLIAM LAMOTTE III | SECRETARY Trustee or director, Officer | 1 | $1,575 |
| SAMUEL M LEAMAN III | DIRECTOR Trustee or director | 1 | $1,575 |
| HOLT CHETWOOD | DIRECTOR Trustee or director | 1 | $1,500 |
| JM MALINOWSKI | DIRECTOR Trustee or director | 1 | $1,425 |
| JOHN TRULUCK | DIRECTOR Trustee or director | 1 | $1,350 |
| GREGORY DAVIS | DIRECTOR Trustee or director | 1 | $1,050 |
| FJ DANIEL FELDER III | DIRECTOR Trustee or director | 1 | $1,050 |
| CHANTAL FRYER | DIRECTOR Trustee or director | 1 | $1,050 |
| JOHN W FOLSOM | DIRECTOR Trustee or director | 1 | $900 |
| C GREGORY ROBINSON | DIRECTOR Trustee or director | 1 | $675 |
| MICHELLE DAVIS | EXECUTIVE DI Officer | 1 | $0 |
| PETER SHAND | EXEC VICE PR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 21823, COLUMBIA, SC 29221-1823
- In care of
- % VERN F AMICK
- Principal officer (990 for 2025)
- PETER SHAND, 111 EXECUTIVE CENTER DRIVE, ENOREE BUILDING SUITE 225, COLUMBIA, SC 29210
- Signed the 990
- PETER SHAND, EXEC VICE PRESIDENT
- Phone
- (803) 798-4064
- Website
- WWW.BUSINESSDEVELOPMENT.ORG
- Return prepared by
- THE BRITTINGHAM GROUP LLP
Mission
TO PROVIDE ASSISTANCE IN FINANCING FOR SOUTH CAROLINA BUSINESSES
Program accomplishments
- TO PROVIDE ASSISTANCE FOR SMALL BUSINESS IN SOUTH CAROLINAExpenses $401,242 · revenue $542,200
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0962986
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $1,317,257
- Income (IRS master file)
- $569,341
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $569,341 | $451,180 | $1,317,257 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $447,388 | $400,342 | $1,146,231 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $460,138 | $366,223 | $1,074,184 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $473,910 | $469,478 | $1,132,065 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 57-0962986).
Questions about CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA
- What is the EIN of CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA?
- The employer identification number (EIN) of CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA is 57-0962986.
- Is CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA 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 CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA?
- The 990 for the year ended December 31, 2025 names PETER SHAND.
- Who are the officers and directors of CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA?
- The 990 for the year ended December 31, 2025 lists 15 people; 13 received compensation from the organization, the highest $1,800 (DOUGLAS T YEATES, CHAIRMAN).
- How much revenue does CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $569,341, expenses of $451,180 and total assets of $1,317,257 at year end.
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All nonprofits in COLUMBIA · South Carolina · Community improvement and capacity building