CHARLESTON REGIONAL DEVELOPMENT ALLIANCE: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- CHARLESTON REGIONAL DEVELOPMENT ALLIANCE (EIN 57-1015804)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-01-06
- IRS object ID
- 201710069349300616
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-01-06T10:24:56-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205788602 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GLASER AND COMPANY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1040 ANNA KNAPP BLVD | AddressLine1Txt |
| City | MT PLEASANT | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 294643105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 571015804 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLESTON REGIONAL DEVELOPMENT | BusinessNameLine1Txt |
| Business Name Line2 | ALLIANCE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHAR | BusinessNameControlTxt |
| Phone | 8437679300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4401 BELLE OAKS DRIVE SUITE 420 | AddressLine1Txt |
| City | NORTH CHARLESTON | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29405 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID GINN | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 8437679300 | PhoneNum |
| Signature | 2016-01-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIK M GLASER CPA | PreparerPersonNm |
| PTIN | P00724565 | PTIN |
| Phone | 8438490657 | PhoneNum |
| Preparation | 2017-01-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAVID GINN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4401 BELLE OAK DRIVE | AddressLine1Txt |
| Address Line2 | SUITE 420 | AddressLine2Txt |
| City | NORTH CHARLESTON | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,498,293 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.CRDA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1995 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | THE CHARLESTON REGIONAL DEVELOPMENT ALLIANCE (CRDA) WAS INCORPORATED ON FEBRUARY 1, 1995 AS A PUBLIC AND PRIVATE NOT-FOR-PROFIT ECONOMIC DEVELOPMENT ORGANIZATION SUPPORTED AND LED BY THE REGION'S MOST INFLUENTIAL BUSINESS LEADERS, THREE COUNTY GOVERNMENTS, LARGEST MUNICIPALITIES, AND TOP ACADEMIC INSTITUTIONS. CRDA SERVES AS A CATALYST FOR LONG-TERM, SUSTAINABLE ECONOMIC GROWTH IN THE THREE-COUNTY CHARLESTON REGION WHICH COMPRISES BERKELEY, CHARLESTON AND DORCHESTER COUNTIES. THE ORGANIZATION LEADS A GLOBAL MARKETING EFFORT TO ATTRACT WORLD-CLASS BUSINESSES AND TALENT, AND SERVES AS A FACILITATOR FOR COMPANIES CONSIDERING THE REGION FOR COMPETITIVE EXPANSION OR LOCATION INVESTMENTS. CRDA ALSO COLLABORATES CLOSELY WITH OTHER ENTITIES TO ENSURE A GLOBALLY COMPETITIVE, SUSTAINABLE REGIONAL ECONOMY. CRDA RECEIVES ITS REVENUES FROM PRIVATE AND GOVERNMENT CONTRIBUTIONS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 66 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 66 | VotingMembersIndependentCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $3,438,941 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,457,905 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $35,338 | CYProgramServiceRevenueAmt |
| PY Investment Income | $916 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,330 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,928 | PYOtherRevenueAmt |
| CY Other Revenue | $2,720 | CYOtherRevenueAmt |
| PY Total Revenue | $3,443,785 | PYTotalRevenueAmt |
| CY Total Revenue | $3,498,293 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,297,326 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,584,333 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $259,350 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,309,768 | PYOtherExpensesAmt |
| CY Other Expenses | $1,807,554 | CYOtherExpensesAmt |
| PY Total Expenses | $2,607,094 | PYTotalExpensesAmt |
| CY Total Expenses | $3,391,887 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $836,691 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $106,406 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,413,886 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,540,561 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $453,728 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $643,054 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,960,158 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,897,507 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE CHARLESTON REGIONAL DEVELOPMENT ALLIANCE (CRDA) WAS INCORPORATED ON FEBRUARY 1, 1995 AS A PUBLIC AND PRIVATE NOT-FOR-PROFIT ECONOMIC DEVELOPMENT ORGANIZATION SUPPORTED AND LED BY THE REGION'S MOST INFLUENTIAL BUSINESS LEADERS, THREE COUNTY GOVERNMENTS, LARGEST MUNICIPALITIES, AND TOP ACADEMIC INSTITUTIONS. CRDA SERVES AS A CATALYST FOR LONG-TERM, SUSTAINABLE ECONOMIC GROWTH IN THE THREE-COUNTY CHARLESTON REGION WHICH COMPRISES BERKELEY, CHARLESTON AND DORCHESTER COUNTIES. THE ORGANIZATION LEADS A GLOBAL MARKETING EFFORT TO ATTRACT WORLD-CLASS BUSINESSES AND TALENT, AND SERVES AS A FACILITATOR FOR COMPANIES CONSIDERING THE REGION FOR COMPETITIVE EXPANSION OR LOCATION INVESTMENTS. CRDA ALSO COLLABORATES CLOSELY WITH OTHER ENTITIES TO ENSURE A GLOBALLY COMPETITIVE, SUSTAINABLE REGIONAL ECONOMY. CRDA RECEIVES ITS REVENUES FROM PRIVATE AND GOVERNMENT CONTRIBUTIONS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $2,910,701 | ExpenseAmt |
| Revenue | $35,338 | RevenueAmt |
| Desc | THE CRDA SERVES AS A CATALYST FOR LONG-TERM REGIONAL PROSPERITY BY ATTRACTING THE WORLD'S BEST COMPANIES, TALENT AND ENTREPRENEURS. IN FY15- 16, WE DROVE A COMPREHENSIVE MARKETING EFFORT AND PARTICIPATED IN DOZENS OF BUSINESS DEVELOPMENT EVENTS ALIGNED WITH OUR REGION'S TARGET SECTORS AND/OR GEOGRAPHIES. WORKING WITH OUR LOCAL AND STATE ALLIES, WE FACILITATED ECONOMIC DEVELOPMENT PROJECTS RESULTING IN 77 MILLION IN NEW CAPITAL INVESTMENT AND 1,209 DIRECT JOBS WITH AN ANNUAL ECONOMIC IMPACT OF 383 MILLION. IN PARTNERSHIP WITH THE CHARLESTON METRO CHAMBER OF COMMERCE, WE ALSO CONVENED HUNDREDS OF REGIONAL LEADERS TO CREATE ONE REGION, A FIVE- YEAR GLOBAL COMPETITIVENESS STRATEGY DESIGNED AS A BROAD AND INCLUSIVE APPROACH TO SUSTAINING THE REGION'S ECONOMIC MOMENTUM. | Desc |
| Total Program Service Expenses | $2,910,701 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 16 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (true) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (true) | NondeductibleContriDisclInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 66 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 66 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8437679300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4401 BELLE OAK DRIVE | AddressLine1Txt |
| Address Line2 | SUITE 420 | AddressLine2Txt |
| City | NORTH CHARLESTON | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29405 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (70 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ANITA ZUCKER | ||||||||
| CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| TODD GALLATI | ||||||||
| CHAIR ELECT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JEFFREY SPICER | ||||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| LONNIE CARTER | ||||||||
| IMMEDIATE PA | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| THOMAS ANDERSON | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| RITA BERRY | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| J MITCHELL BOHANNON | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| DOUGLAS BOWLING | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| PAMELA BROWNING | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| PAUL CAMPBELL | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| ERVETTE BROADNAX | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| DAVID CHINNIS | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM CHRISTOPHER | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT CLEMENT | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| TAMMY COGHILL | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| ELIZABETH COLBERT-BUSCH | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| J WALKER COLEMAN | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| BOBBY CREECH | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW DEANTONIO | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| BRYAN DERREBERRY | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT FENNELL | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| FORREST W FOSHEE | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| MARK GADDY | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH GARCIA | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| JOHN GOETTEE | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY GROW | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| JOHN HAGERTY | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| J DAVID HAND | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM HEARN | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL HEITZLER | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| FLOYD HILL | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| JAIRY HUNTER | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| WILEY JOHNSON | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| MARK LATTANZIO | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| LARRY LAUTENSCHLAGER | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| BILL MAHONEY | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| DUNCAN MCGOOGAN JR | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| JULIE MEDICH | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| JOHN MITCHELL | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| ELAINE M MORGAN | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| MARC MURPHY | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| C SCOTT NAUMOFF | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN OSBORNE | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| LINDA PAGE | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM PEAGLER | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| THOMPSON PENNEY | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER RANDOLPH | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| A VICTOR RAWL | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL ROBERTS | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| EDWARD ROSE | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT RYAN | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| HERBERT SASS | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL SCARAFILE | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| JACK SCHURLKNIGHT | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| KENNETH SEEGER | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT SHARP | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW SLOAN | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| BERNARD STEINBERG | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| J ELLIOTT SUMMEY | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| R KEITH SUMMEY | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| JOHN TECKLENBURG | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| RUDY THOMAS | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT WALKER | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| BARRY WHALEN | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT WHITTEN | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| STEPHANIE YARBOROUGH | ||||||||
| DIRECTOR | 0.25 | Yes (X) | $0 | $0 | $0 | |||
| DAVID GINN | ||||||||
| PRESIDENT AN | 40.00 | Yes (X) | $242,375 | $0 | $28,805 | |||
| MICHAEL J GRANEY | ||||||||
| VP GLOB BUS | 40.00 | $158,325 | $0 | $25,394 | Yes (X) | |||
| KAREN H KUCHENBECKER | ||||||||
| VP OPERATION | 40.00 | $132,950 | $0 | $21,231 | Yes (X) | |||
| STEPHEN C WARNER | ||||||||
| VP GLOBAL CO | 40.00 | $124,275 | $0 | $20,770 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $657,925 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $96,200 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $1,703,670 | GovernmentGrantsAmt |
| All Other Contributions | $1,754,235 | AllOtherContributionsAmt |
| Total Contributions | $3,457,905 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ANNUAL EVENT | Desc |
| Total Revenue Column | $35,338 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,338 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $35,338 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,330 | TotalRevenueColumnAmt |
| Exclusion | $2,330 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $2,720 | TotalRevenueColumnAmt |
| Exclusion | $2,720 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,720 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,498,293 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,338 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $5,050 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $399,700 | TotalAmt |
| Program Services | $339,106 | ProgramServicesAmt |
| Fundraising | $60,594 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $908,818 | TotalAmt |
| Program Services | $684,417 | ProgramServicesAmt |
| Management And General | $123,393 | ManagementAndGeneralAmt |
| Fundraising | $101,008 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,948 | TotalAmt |
| Program Services | $74,238 | ProgramServicesAmt |
| Management And General | $9,008 | ManagementAndGeneralAmt |
| Fundraising | $11,702 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,026 | TotalAmt |
| Program Services | $80,587 | ProgramServicesAmt |
| Management And General | $9,715 | ManagementAndGeneralAmt |
| Fundraising | $12,724 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,841 | TotalAmt |
| Program Services | $60,886 | ProgramServicesAmt |
| Management And General | $7,340 | ManagementAndGeneralAmt |
| Fundraising | $9,615 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,644 | TotalAmt |
| Management And General | $3,644 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,806 | TotalAmt |
| Program Services | $38,818 | ProgramServicesAmt |
| Management And General | $4,781 | ManagementAndGeneralAmt |
| Fundraising | $4,207 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,888 | TotalAmt |
| Program Services | $56,776 | ProgramServicesAmt |
| Management And General | $4,737 | ManagementAndGeneralAmt |
| Fundraising | $7,375 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $319,313 | TotalAmt |
| Program Services | $319,313 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,091 | TotalAmt |
| Program Services | $53,626 | ProgramServicesAmt |
| Management And General | $8,750 | ManagementAndGeneralAmt |
| Fundraising | $7,715 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,979 | TotalAmt |
| Program Services | $49,839 | ProgramServicesAmt |
| Management And General | $2,202 | ManagementAndGeneralAmt |
| Fundraising | $1,938 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $290,914 | TotalAmt |
| Program Services | $222,528 | ProgramServicesAmt |
| Management And General | $36,376 | ManagementAndGeneralAmt |
| Fundraising | $32,010 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $384,383 | TotalAmt |
| Program Services | $384,383 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,086 | TotalAmt |
| Program Services | $58,206 | ProgramServicesAmt |
| Management And General | $9,511 | ManagementAndGeneralAmt |
| Fundraising | $8,369 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,029 | TotalAmt |
| Program Services | $14,557 | ProgramServicesAmt |
| Management And General | $2,379 | ManagementAndGeneralAmt |
| Fundraising | $2,093 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| 2016-2021 REGIONAL ED | $241,552 | $241,552 |
| MARKET RESEARCH | $201,869 | $201,869 |
| MEMBERSHIPS AND SPONSOR | $30,000 | $30,000 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,391,887 | TotalAmt |
| Program Services | $2,910,701 | ProgramServicesAmt |
| Management And General | $221,836 | ManagementAndGeneralAmt |
| Fundraising | $259,350 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,124,621 | BOYAmt |
| EOY | $1,271,136 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $489,337 | BOYAmt |
| EOY | $639,482 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,542 | BOYAmt |
| EOY | $69,272 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,850 | BOYAmt |
| EOY | $61,021 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $698,992 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $254,342 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $539,536 | BOYAmt |
| EOY | $444,650 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,000 | BOYAmt |
| EOY | $55,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,413,886 | BOYAmt |
| EOY | $2,540,561 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,393 | BOYAmt |
| EOY | $227,362 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,500 | BOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $384,277 | BOYAmt |
| EOY | $260,773 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,558 | BOYAmt |
| EOY | $154,919 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $453,728 | BOYAmt |
| EOY | $643,054 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,548,208 | BOYAmt |
| EOY | $1,366,359 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $411,950 | BOYAmt |
| EOY | $531,148 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,960,158 | BOYAmt |
| EOY | $1,897,507 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,413,886 | BOYAmt |
| EOY | $2,540,561 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $106,406 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$169,057 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | false | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | Yes (true) | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | false | AgreeCarryoverPriorYearInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $461,846 | OtherCostOrOtherBasisAmt |
| Depreciation | $115,538 | DepreciationAmt |
| Book Value | $346,308 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $130,550 | OtherCostOrOtherBasisAmt |
| Depreciation | $97,035 | DepreciationAmt |
| Book Value | $33,515 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $106,596 | OtherCostOrOtherBasisAmt |
| Depreciation | $41,769 | DepreciationAmt |
| Book Value | $64,827 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $444,650 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED LEASE OBLIGATION | $154,919 |
| OTHER LIABILITIES |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $154,919 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $3,535,573 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $37,280 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $37,280 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,498,293 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $3,498,293 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,429,167 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $37,280 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $37,280 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,391,887 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $3,391,887 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount |
|---|---|---|---|---|---|---|
| DAVID GINN | ||||||
| PRESIDENT AND CEO | $228,375 | $14,000 | $19,074 | $9,731 | $271,180 | |
| MICHAEL J GRANEY | ||||||
| VP GLOB BUS DEVELOP | $157,325 | $13,817 | $11,577 | $183,719 | $1,000 | |
| KAREN H KUCHENBECKER | ||||||
| VP OPERATIONS | $131,950 | $10,983 | $10,248 | $154,181 | $1,000 | |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | CORPORATE MEMBERSHIP IN A DINING AND GOLF COURSE FACILITY USED FOR BUSINESS LUNCHES, DINNERS AND GOLF BY CEO AND OTHER EMPLOYEES HOSTING BUSINESS PROSPECTS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLESTON METRO CHAMBER | BusinessNameLine1Txt |
| Business Name Line2 | OF COMMERCE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | MEMBER/DIRECTOR | RelationshipDescriptionTxt |
| Transaction | $87,307 | TransactionAmt |
| Transaction | RESEARCH SUPPORT | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE CHARLESTON REGIONAL DEVELOPMENT ALLIANCE (CRDA) WAS INCORPORATED ON FEBRUARY 1, 1995 AS A PUBLIC AND PRIVATE NOT-FOR-PROFIT ECONOMIC DEVELOPMENT ORGANIZATION SUPPORTED AND LED BY THE REGION'S MOST INFLUENTIAL BUSINESS LEADERS, THREE COUNTY GOVERNMENTS, LARGEST MUNICIPALITIES, AND TOP ACADEMIC INSTITUTIONS. CRDA SERVES AS A CATALYST FOR LONG-TERM, SUSTAINABLE ECONOMIC GROWTH IN THE THREE-COUNTY CHARLESTON REGION WHICH COMPRISES BERKELEY, CHARLESTON AND DORCHESTER COUNTIES. THE ORGANIZATION LEADS A GLOBAL MARKETING EFFORT TO ATTRACT WORLD-CLASS BUSINESSES AND TALENT, AND SERVES AS A FACILITATOR FOR COMPANIES CONSIDERING THE REGION FOR COMPETITIVE EXPANSION OR LOCATION INVESTMENTS. CRDA ALSO COLLABORATES CLOSELY WITH OTHER ENTITIES TO ENSURE A GLOBALLY COMPETITIVE, SUSTAINABLE REGIONAL ECONOMY. CRDA RECEIVES ITS REVENUES FROM PRIVATE AND GOVERNMENT CONTRIBUTIONS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | MANAGEMENT AND THE FINANCE COMMITTEE REVIEW THE FORM 990. UPON COMPLETION, THEY PROVIDE A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS FOR APPROVAL. UPON APPROVAL, THE PRESIDENT SIGNS THE FORM 990 AND FILES THE RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 12C | MONITORING IS DONE ON AN ONGOING BASIS AND OPEN DISCUSSIONS OF POTENTIAL MATTERS ARE DISCUSSED AND ADDRESSED AS NEEDED. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS PERIODICALLY CONDUCTS EVALUATIONS OF COMPETITIVE COMPENSATION FOR ITS EMPLOYEES. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS AND APPROVES THE PRESIDENT'S SALARY. THE COMMITTEE PROVIDES GUIDELINES ON STAFF COMPENSATION AND LINKS THEM TO PERFORMANCE AND OUTCOMES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS PERIODICALLY CONDUCTS EVALUATIONS OF COMPETITIVE COMPENSATION FOR ITS EMPLOYEES. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS AND APPROVES THE PRESIDENT'S SALARY. THE COMMITTEE PROVIDES GUIDELINES ON STAFF COMPENSATION AND LINKS THEM TO PERFORMANCE AND OUTCOMES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION AT THE COMPANY'S CORPORATE OFFICES. |
| FORM 990, PART XI, LINE 9 | PRIOR PERIOD ADJUSTMENTS: DURING THE YEAR ENDED JUNE 30, 2016, THE CRDA MADE ADJUSTMENTS TO ITS FINANCIAL STATEMENTS TO ACCOUNT FOR ITS FACILITY OPERATING LEASE IN ACCORDANCE WITH ASC 840 - LEASES. THIS STANDARD REQUIRES THE CRDA TO RECOGNIZE ITS LONG-TERM OPERATING LEASE EXPENSE ON A STRAIGHT-LINE BASIS OVER THE TERM OF THE OPERATING LEASE. THIS ACCOUNTING RECOGNITION RESULTS IN UNIFORM ANNUAL LEASE EXPENSE RECOGNITION OVER THE TERM OF THE LEASE, AND THE RECOGNITION OF A DEFERRED LEASE OBLIGATION FOR THE DIFFERENCE IN ACTUAL LEASE PAYMENTS MADE, AND THE STRAIGHT-LINE EXPENSE RECOGNITION REQUIRED. AS A RESULT OF THIS RESTATEMENT, THE CRDA RECOGNIZED AT JULY 1, 2015 AN INCREASE IN DEFERRED LEASE OBLIGATION AND A REDUCTION TO UNRESTRICTED NET ASSETS OF 141,943. THIS DEFERRED LEASE OBLIGATION WILL FULLY AMORTIZE OVER THE TERM OF THE LEASE. DURING THE YEAR ENDED JUNE 30, 2016, THE CRDA ALSO MADE A RESTATEMENT TO THE DEPRECIABLE LIFE OF A SERIES OF LEASEHOLD IMPROVEMENT ASSETS ASSOCIATED WITH ITS LEASED OFFICE FACILITY. THESE IMPROVEMENTS WERE PREVIOUSLY DEPRECIATED OVER A USEFUL LIFE OF 39 YEARS, AND WERE RESTATED TO A USEFUL LIFE OF 15 YEARS. UNDER ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, SUCH IMPROVEMENTS SHOULD BE DEPRECIATED OVER THE SHORTER OF THEIR USEFUL LIVES OR THE REMAINING TERM OF THE ASSOCIATED FACILITY OPERATING LEASE (WITH REASONABLE CONSIDERATION OF EXTENSION). AS A RESULT OF THIS RESTATEMENT, THE CRDA RECOGNIZED AT JULY 1, 2015, AN INCREASE IN ACCUMULATED DEPRECIATION AND A DECREASE IN UNRESTRICTED NET ASSETS OF 27,114. |
Comments