2018-04-05T13:00:38-05:00 2017-06-30 560574444 Cherry Bekaert LLP 5350 Woodside Executive Ct Aiken SC 29803 990 2016-07-01 570787606 Economic Development Partnership ECON 8036413300 PO Box 1708 Aiken SC 29802 Willson M Williams President & CEO 8036413300 2018-03-14 1 Cindy Meares P00025362 8036482692 40.135.62.190 2018-03-14 18:40:50 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3A4BF1219698F5D6C2B7A21C22F2D88322611E38 2016 2021-01-29 14:40:06Z Willson M Williams PO Box 1708 Aiken SC 29802 2575877 0 X www.edpsc.org X 1984 SC To promote Economic Development in Aiken and Edgefield Counties in South Carolina. 20 20 4 0 0 0 2002430 2566030 96350 2110 7793 7737 0 0 2106573 2575877 0 0 0 0 276767 290006 0 0 0 1610135 1764023 1886902 2054029 219671 521848 9843804 9921833 4102958 3659139 5740846 6262694 X The Economic Development Partnership of Aiken, Edgefield, and Saluda Counties, Inc., d/b/a The Economic Development Partnership (EDP), is a tax-exempt 501(c)(6) organization promoting economic development in the South Carolina counties of Aiken, Edgefield, and Saluda. The Partnership was formed and began operations in 1984. 0 0 1034479 The Savannah River Site (SRS) redevelopment authority (SRSRA) is responsible for supporting economic development in the counties surrounding SRS and the Economic Development Partnership is designated as the organization which carries out SRSRA programs in Aiken, Edgefield and Saluda counties, and thus receives funding from SRSRA. While not restricted to technology based programs, much of the partnership's work is involved in bringing new technology from the Savannah River National Laboratory to the private sector and creating a foundation for jobs of the future. 548362 Alliance - Each year, the State of South Carolina Department of Commerce notifies EDP (and other regional development organizations) of amounts available to them. In order to receive the full amount available, EDP must match the amount in private contributions. The funds received from the state do not have specific restrictions; they just have to be related to economic development. 438225 2110 Encouragement of the Economic Development of Aiken, Edgefield, and Saluda Counties. 2021066 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 6 0 1 4 1 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 1 1 0 SC X Theresa C Daugherty 8036413296 471 University Parkway Suite 111 Aiken SC 29801 X Mr Gary Stooksburry Chairman of the Board 0.30 X X 0 0 0 Mr Richard M Pendarvis Vice Chairman 0.30 X X 0 0 0 Mr Ronald Bolton vice Chairman 0.30 X X 0 0 0 Dr Robert E Alexander Secretary 0.30 X X 0 0 0 Mr Ernest Duncan Treasurer 0.30 X X 0 0 0 Mr Alex Merriweather Board Member 0.30 X 0 0 0 Mr Billy H Holley JR Board Member 0.30 X 0 0 0 Mr Brett Brannon Board Member 0.30 X 0 0 0 Mr Clayton Quattlebaum Board Member 0.30 X 0 0 0 Mr E Leland Reynolds Board Member 0.30 X 0 0 0 Mr Eric Thompson Board Member 0.30 X 0 0 0 Mr Greg Ryberg Board Member 0.30 X 0 0 0 Mr John Troutman Board Member 0.30 X 0 0 0 Mrs Mary Derrick Board Member 0.30 X 0 0 0 Mr Rex Nordeen Board Member 0.30 X 0 0 0 Mr Scott Tindal Board Member 0.30 X 0 0 0 Mr Tillman Sauls Board Member 0.30 X 0 0 0 Mr Vance Reynolds Board Member 0.30 X 0 0 0 Mr William McGhee JR Board Member 0.30 X 0 0 0 Mr Willson M Williamsfootnote President & CEO 60.00 X 0 0 0 0 0 0 0 0 0 0 Kutak-Rock LLP P OBox 30057 Omaha NE 68103 Consulting 150523 1 2370 1300327 1263333 2566030 Misc Revenue - Project 531390 2110 2110 2110 7737 7737 2575877 2110 0 7737 80866 76823 4043 156121 148315 7806 34540 32813 1727 18479 17555 924 15930 15930 3039 3039 15953 15155 798 2051 1914 137 11652 11069 583 20291 19276 1015 66427 66427 15274 15274 24108 24108 Applied Research Cent - 865327 865327 Prospect Development 647359 647359 Hydrogen Fuel Station - 76612 76612 2054029 2021066 32963 0 1759815 947881 2982057 3953161 339237 272690 3940644 242543 3712695 3698101 1050000 1050000 9843804 9921833 495026 51533 273016 272690 3321350 3321350 13566 13566 4102958 3659139 X 0 0 0 0 5740846 6262694 5740846 6262694 9843804 9921833 521848 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 360000 360000 3290000 3290000 290644 242543 48101 3698101 Due from Component Unit - ARC 1050000 1050000 Due to Local Council 13566 13566 X 2583377 7500 7500 2575877 0 2575877 2061529 7500 7500 2054029 0 2054029 Part X, Line 2: The entity's financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America as prescribed by the governmental accounting standards board (GASB). Fin 48 does not apply. Mr Scott Tindal Board of Director 2400000 At June 30, 2017, the organization had approximately $2,400,000 on deposit with a bank on which the organization's board member is an employee. 0 Form 990, Part VI, Section A, line 8b The organization reports decisions made by authorized committees to the full board at the next available board meeting. Decisions made by authorized committees are documented in the board minutes. At this time the organization does not believe it is beneficial to maintain separate documentation of the authorized committee meetings. Form 990, Part VI, Section B, line 11b THE President/CEO REViEWS THE 990 and it IS MADE AVAILABLE TO MEMBERS OF THE BOARD after the return is filed. Form 990, Part VI, Section B, line 12c Frequent verbal discussions with the Chairman of the Board pertaining to areas of possible conflict. Form 990, Part VI, Section B, line 15 The process for determining compensation of the organization's Executive Director is as follows: the Chairman of the Board makes a recommendation to the Board of Directors. The Board of Directors gives final approval. The Executive Director is not at this meeting or in the discussions. Form 990, Part VI, Section C, line 18 Same as above Form 990, Part VI, Section C, line 19 The organization provides its governing documents, conflict of interest policy, financial statements, and Forms 990 and 1023 for public inspection upon request. FORM 990 part xiI line 2C The President/CEO reviews the Form 990 as it is received from the organization's public accounting firm. The organization has not changed either its oversight process or selection process during the year. form 990, page 7, part vii Mr. Williams's salary and benefits are processed through the Lower Savannah Council of Governments (LSCOG). He is in the SC state system and EDP reimbursements LSCOG on a monthly basis. LSCOG issues EDP an invoice monthly plus administrative fee of 1% and EDP pays accordingly. Applied Research Center (ARC) PO Box 462 Aiken SC 29802 471150497 Research SC N/A C 111771 2537159 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Due from Component Unit - Applied Research Center Inc D 1050000 Audited FS Applied Research Center Inc R 865327 Audited FS