City of Spartanburg Development

SPARTANBURG, SC EIN: 57-0738992

Economically disadvantaged people Community and economic development Economic development Urban development

THE CITY OF SPARTANBURG DEVELOPMENT CORPORATION EXISTS TO FURTHER ECONOMIC DEVELOPMENT BY RELIEVING UNEMPLOYMENT, COMBATING COMMUNITY DETERIORATION, INCREASING EMPLOYMENT OPPORTUNITIES, AND EXPANDING BUSINESS FOR THE CITY.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$11.9M

-1.9% YoY

Annual Giving

$100K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$100K

+0.0% YoY

About City of Spartanburg Development

Based on IRS filings

City of Spartanburg Development is a nonprofit organization focused on Economically disadvantaged people, based in SPARTANBURG, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.9M in total assets. In 2024, it awarded 1 grants totaling $100K. Net investment income was $13K.

Focus Areas

Economically disadvantaged people Community and economic development Economic development Urban development

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $375K (100%)

States

South Carolina

Cities

Spartanburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$11,894,525	$12,122,470	$12,034,528
Revenue	$431,889	$155,739	$700,863
Expenses	$350,834	$155,797	$798,936
Qualifying Distributions	—	—	—
Net Investment Income	$13,181	$5,453	$58,151
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 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include City of Spartanburg ($100,000).

Recipient	Purpose	Amount
CITY OF SPARTANBURG SPARTANBURG, SC	INTEREST PAYMENT	$100,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JEROME RICE MAYOR	PRESIDENT	0.02	—
KIMBERLY FLY	VICE PRESIDE	0.02	—
CHRIS STORY	SECRETARY/TR	0.25	—
ERICA BROWN	DIRECTOR	0.02	—
JOSH JONES	DIRECTOR	0.02	—
LAURA STILLE	DIRECTOR	0.02	—
DENNIS LOCKE	FINANCE DIRE	0.25	—

Subject Areas

Focus areas based on grantmaking activity

Economically disadvantaged people Community and economic development Economic development Urban development

Frequently Asked Questions

What is City of Spartanburg Development?

City of Spartanburg Development is a nonprofit organization focused on Economically disadvantaged people, based in SPARTANBURG, SC. It holds $11.9M in total assets as of 2024.

How large is City of Spartanburg Development?

As of 2024, City of Spartanburg Development holds $11.9M in total assets with $432K in annual revenue. It awarded 1 grants totaling $100K in 2024.

Where does City of Spartanburg Development operate?

City of Spartanburg Development has awarded grants in South Carolina.

What size grants does City of Spartanburg Development award?

In 2024, City of Spartanburg Development awarded 1 grants totaling $100K — an average of about $100K per grant, based on its IRS Form 990 filings.

What is City of Spartanburg Development's EIN?

City of Spartanburg Development's EIN (Employer Identification Number) is 57-0738992. IRS Form 990 filing data is available on this page for 2020–2024.