Business Development Corporation

MANNING, SC EIN: 57-0949036

ECONOMIC DEVELOPMENT IN CLARENDON COUNTY

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.7M

+16.4% YoY

Revenue

$1.5M

+36.1% YoY

Net Investment Income

$28K

-195.9% YoY

Expenses

$948K

+79.9% YoY

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 2020 through 2024. As of 2024, the organization holds $9.7M in total assets. Net investment income was $28K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

CharlotteManning

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$409K$817K$1M$2M20202021202220232024
Metric202420232022
Total Assets$9,684,451$8,320,762$7,875,750
Revenue$1,485,516$1,091,659$1,196,088
Expenses$947,511$526,677$1,264,758
Qualifying Distributions
Net Investment Income$27,963$-29,146$-18,149
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$142K$283K$425K$566K0 grants20200 grants20212 grants20220 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

<$50K$50–100K1$100–250K1$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

From 2024 filing

NameTitleHoursCompensation
BARRY HAMDIRECTOR2
LINZY WASHINGTONDIRECTOR2
MATTHEW PRINCEDIRECTOR2
GG CUTTERDIRECTOR2
BLAKE GIBBONSDIRECTOR2
ROGER FLOWERSDIRECTOR2
ROBERT BOYKINDIRECTOR2
KEN WELLSDIRECTOR2
STEVE C GAMBLEDIRECTOR2
RACHEL GAINEYCHAIR2
LISA JUSTICEDIRECTOR2
GEORGE KOSINSKIEXECUTIVE DIRECTOR10

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

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