Business Development Corporation
Economic development in Clarendon county
Business Development Corporation at a glance
In short: Business Development Corporation gave $50K across 1 grant in 2025 (avg $50K), mostly in South Carolina. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $50,000
- Grants made (2025)
- 1
- Average grant
- $50,000
- Median grant
- $50,000
- Total assets
- $10,945,803
- +13.0% vs 2024
- Primary geography
- South Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Business Development Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Starflo Corporation ($50K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 3 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Business Development Corporation gives
- Giving fell 91% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $50K (2025) to $566K (2022). In 2025 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Starflo Corporation Manning, SC | Development | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $10,945,803 | $3,143,524 | $1,201,571 | $50,000 | 1 | $-63,293 |
| 2024 | $9,684,451 | $1,485,516 | $947,511 | — | — | $27,963 |
| 2023 | $8,320,762 | $1,091,659 | $526,677 | — | — | $-29,146 |
| 2022 | $7,875,750 | $1,196,088 | $1,264,758 | $566,000 | 2 | $-18,149 |
| 2021 | $7,967,710 | $836,779 | $580,161 | — | — | $323,190 |
| 2020 | $8,486,137 | $556,630 | $409,931 | — | — | $25,074 |
| 2019 | $8,298,543 | $657,039 | $609,433 | $92,500 | 1 | $30,446 |
About Business Development Corporation
Based on IRS filings
Business Development Corporation is a public charity, based in Manning, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $10.9M in total assets. In 2025, it awarded 1 grant totaling $50K.
Leadership & Key People
Officers and directors from IRS filings
Business Development Corporation is led by George Kosinski, Executive Director on every filing since 2019; none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
George Kosinski
Executive Director
On filings since 2019
10 hrs/week
No compensation reported
Rachel Gainey
Chair
Secretary & Treasurer → Executive Officer, 2021
Executive Officer → Chair, 2024
On filings since 2019
2 hrs/week
No compensation reported
Robert Boykin
Director
Chairman & Director → Executive Officer, 2021
Executive Officer → Director, 2024
On filings since 2019
2 hrs/week
$2K (2019) → $0 (2025)
Barry Ham
Director
Vice Chairman → Executive Officer, 2021
Executive Officer → Director, 2024
On filings since 2019
2 hrs/week
No compensation reported
Blake Gibbons
Director
On filings since 2019
2 hrs/week
No compensation reported
Gg Cutter
Director
On filings since 2019
2 hrs/week
No compensation reported
Roger Flowers
Director
On filings since 2019
2 hrs/week
No compensation reported
Steve C. Gamble
Director
On filings since 2019
2 hrs/week
No compensation reported
Lisa Justice
Director
Director → Executive Officer, 2022
Executive Officer → Director, 2024
On filings since 2020
2 hrs/week
No compensation reported
Ken Wells
Director
On filings since 2022
2 hrs/week
No compensation reported
Matthew Prince
Director
On filings since 2022
2 hrs/week
No compensation reported
Former officers (4)
- Former: Linzy Washington (2019–2024) — Director
- Former: Charles M. Gavin (2019–2021) — Executive Officer
- Former: Gene Phillips (2019–2021) — Director
- Former: John Tindal (2019) — Chairman
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $900, to Robert Boykin (Executive Officer).
Frequently asked questions about Business Development Corporation
How much does Business Development Corporation give each year?
Business Development Corporation gave $50K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Business Development Corporation?
Business Development Corporation reported $10.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.1M.
Where does Business Development Corporation operate?
Business Development Corporation has awarded grants in North Carolina, South Carolina.
What is Business Development Corporation's EIN?
Business Development Corporation's EIN (Employer Identification Number) is 57-0949036. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2025
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