Business Development Corporation
ECONOMIC DEVELOPMENT IN CLARENDON COUNTY
Key facts about Business Development Corporation
- EIN
- 57-0949036
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $50,000
- Grants made (2025)
- 1
- Average grant
- $50,000
- Median grant
- $50,000
- Total assets
- $10,945,803
- Primary geography
- South Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$10.9M
+13.0% YoY
Annual Giving
$50K
Grant Count
1
Avg Grant Size
$50K
About Business Development Corporation
Based on IRS filings
Business Development Corporation is a nonprofit organization, 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 grants totaling $50K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $10,945,803 | $9,684,451 | $8,320,762 |
| Revenue | $3,143,524 | $1,485,516 | $1,091,659 |
| Expenses | $1,201,571 | $947,511 | $526,677 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-63,293 | $27,963 | $-29,146 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Starflo Corporation ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STARFLO CORPORATION MANNING, SC | DEVELOPMENT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARRY HAM | DIRECTOR | 2 | — |
| MATTHEW PRINCE | DIRECTOR | 2 | — |
| GG CUTTER | DIRECTOR | 2 | — |
| BLAKE GIBBONS | DIRECTOR | 2 | — |
| ROGER FLOWERS | DIRECTOR | 2 | — |
| ROBERT BOYKIN | DIRECTOR | 2 | — |
| KEN WELLS | DIRECTOR | 2 | — |
| STEVE C GAMBLE | DIRECTOR | 2 | — |
| RACHEL GAINEY | CHAIR | 2 | — |
| LISA JUSTICE | DIRECTOR | 2 | — |
| GEORGE KOSINSKI | EXECUTIVE DIRECTOR | 10 | — |
Frequently Asked Questions
How large is Business Development Corporation?
As of 2025, Business Development Corporation holds $10.9M in total assets with $3.1M in annual revenue. It awarded 1 grants totaling $50K in 2025.
Where does Business Development Corporation operate?
Business Development Corporation has awarded grants in North Carolina, South Carolina.
What size grants does Business Development Corporation award?
In 2025, Business Development Corporation awarded 1 grants totaling $50K — an average of about $50K per grant, based on its IRS Form 990 filings.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.