Beaufort County Economic Development

HILTON HEAD ISLAND, SC EIN: 81-3339941

THE VISION OF THE BEAUFORT COUNTY ECONOMIC DEVELOPMENT CORPORATION IS THE COLLABORATIVE ENTITY FOR ORGANIZING, STRUCTURING AND LEADING ECONOMIC DEVELOPMENT EFFORTS ON BEHALF OF BEAUFORT COUNTY'S RESIDENTS. THIS WILL BE ACHIEVED BY ENGAGING KEY STAKEHOLDERS TO DIVERSIFY THE COUNTY'S ECONOMY, ATTRACT INVESTMENTS AND WELL-PAYING JOBS. THE MISSION WILL BE CARRIED OUT IN A WAY THAT IS RESPECTFUL OF THE ENVIRONMENT.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$547K

Annual Giving

$265K

Grant Count

6

Avg Grant Size

$44K

About Beaufort County Economic Development

Based on IRS filings

Beaufort County Economic Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in HILTON HEAD ISLAND, SC. IRS filing data is available for 2024. As of 2024, the organization holds $547K in total assets. In 2024, it awarded 6 grants totaling $265K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

Cities

BeaufortBlufftonHilton Head IslandSt Helena Island

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$244K$488K$732K$976K2024
Metric2024
Total Assets$547,116
Revenue$826,988
Expenses$887,682
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$66K$133K$199K$265K6 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

WATTERSON BRANDS SC$65KGREENLINE INDUSTRIES$50KSOLOMON PROPERTY HOLDING…$50KSEASIDE ENTERPRISES & HO…$50KGAY FISH COMPANY INC$30KSERG RESTAURANT GROUP$20K

Grant Size Distribution

6 grants across all recorded years

2<$50K4$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

JOHN O'TOOLEEXECUTIVE DIRECTOR$185K

From 2024 filing

NameTitleHoursCompensation
ASHLEY FEASTERCHAIRMAN1
DR ANDREA SISTINODIRECTOR0.5
DR RICHARD J GOUGHDIRECTOR0.5
FRANK RODRIQUEZDIRECTOR0.25
GREG SHELTONTREASURER0.5
MICHAEL ALSKOVICE CHAIRMAN0.5
LAWRENCE MCELYNNDIRECTOR0.5
VERNA ARNETTEDIRECTOR0.25
LAWRENCE TOOMERDIRECTOR0.5
JOHN O'TOOLEEXECUTIVE DIRECTOR40$184,793

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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