Nonprofit · EIN 57-0998125
MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP
Tax-exempt · CONWAY, SC 29526
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,775,619 | $2,330,208 | -$554,589 | $2,092,625 | $43,557 | $2,049,068 |
| June 30, 2024 | 990 | $1,274,015 | $1,420,500 | -$146,485 | $2,616,055 | $12,398 | $2,603,657 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,714,014
- of which government grants
- $1,287,380
- Membership dues
- $406,634
- Program service revenue
- $13,650
- Investment income
- $47,955
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $454,785
- Salaries, compensation and benefits (total)
- $622,185
- Professional fundraising fees
- $0
- Occupancy
- $25,000
- Travel
- $13,530
- Depreciation
- $414
- Program services (functional)
- $1,679,060
- Management and general (functional)
- $651,148
Balance sheet and other
- Total assets, start of year
- $2,616,055
- Total assets, end of year
- $2,092,625
- Total liabilities, end of year
- $43,557
- Net assets, end of year
- $2,049,068
- Land, buildings and equipment
- $210,813
- Net assets without donor restrictions
- $2,029,068
- Net assets with donor restrictions
- $20,000
- Gross receipts
- $1,775,619
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1994
- 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 |
|---|---|---|---|
| GREGG SMITH | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| NATASHA HANNA | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MIKE HAGG | TREASURER Trustee or director, Officer | 1 | $0 |
| MARILYN FORE | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHNNY GARDNER | DIRECTOR Trustee or director | 1 | $0 |
| GARY LOFTUS | DIRECTOR Trustee or director | 1 | $0 |
| MIKE COOL | DIRECTOR Trustee or director | 1 | $0 |
| BARRY SPIVEY | DIRECTOR Trustee or director | 1 | $0 |
| LAURA CROWTHER | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN ROOF | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN ROOF | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| GREGG SMITH | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MIKE HAGG | TREASURER Trustee or director, Officer | 1 | $0 |
| MARILYN FORE | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHNNY GARDNER | DIRECTOR Trustee or director | 1 | $0 |
| GARY LOFTUS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL BENSON | DIRECTOR Trustee or director | 1 | $0 |
| MIKE COOL | DIRECTOR Trustee or director | 1 | $0 |
| STEVE GOSNELL | DIRECTOR Trustee or director | 1 | $0 |
| NATASHA HANNA | DIRECTOR Trustee or director | 1 | $0 |
| O'NEIL MCCOY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2050 HWY 501 EAST BLDG 100, CONWAY, SC 29526-9521
- Principal officer (990 for 2024)
- GREGG SMITH, POST OFFICE BOX 261966, CONWAY, SC 29528
- Signed the 990
- SANDY DAVIS, PRESIDENT & CEO
- Phone
- (843) 347-4604
- Website
- WWW.MBREDC.ORG
- Return prepared by
- SMITH SAPP
Mission
PROMOTE, IMPLEMENT AND SUPPORT ACTIVITIES DESIGNED TO PROMOTE ECONOMIC DEVELOPMENT, DIVERSIFY THE ECONOMY & MAINTAIN A QUALITY BUSINESS CLIMATE.
Program accomplishments
- PROMOTED THE ECONOMIC DEVELOPMENT OF HORRY COUNTY,THE DIVERSIFICATION OF THE LOCAL ECONOMY AND MAINTAINING A QUALITY BUSINESS CLIMATE.Expenses $1,679,060
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
- 57-0998125
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,092,625
- Income (IRS master file)
- $1,775,619
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,775,619 | $2,330,208 | $2,092,625 | XML |
| 990 | June 2024 | $1,274,015 | $1,420,500 | $2,616,055 | XML |
| 990 | June 2023 | $2,740,436 | $2,338,007 | $2,764,302 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 57-0998125).
Questions about MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP
- What is the EIN of MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP is 57-0998125.
- Is MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP 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 MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP 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 MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP 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 MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 names GREGG SMITH.
- Who are the officers and directors of MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,775,619, expenses of $2,330,208 and total assets of $2,092,625 at year end.
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