Overview

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Est.

1988

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Palmetto Economic Development Corp, doing business as South Carolina Power Team, is an economic development alliance representing the state's 19 electric cooperatives, serving over 2 million residents of South Carolina. With an operating budget of $4 million and total revenue of $4.6 million for the fiscal year 2024, the organization is supported by diverse funding sources, with no single funder contributing 50% or more of its revenue. For more information, visit their website at www.scpowerteam.com.

Mission Statement

PALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 19 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS.
Revenues
$4.6M
Expenses
$4.1M
Net Income:
+$515.1K
Assets
$3.3M
Liabilities
$1M
Net Assets:
+$2.3M
Operating Budget
$4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$1.5K
Largest grant received
$1.5K
J
James Chavez
Board Member
T
Terry W Mallard
Board Member
M
Mary Sheridan
Board Member

Frequently Asked Questions

What is PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM’s budget?
In 2024, PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM reported an annual operating budget of around $4 million. More detailed financial information is available to registered users.
What causes does PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM support?
PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM supports work in Economic development.
Where does PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM operate?
PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM is headquartered in Columbia, SC.
Who funded PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM recently?
In 2020, PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM received grants from DAVIS FAMILY FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM received in 2020?
The largest grant to PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM in 2020 exceeds $1,500.