Palmetto Economic Development Corp
PALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 19 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+5.9% YoY
Annual Giving
$43K
-68.3% YoY
Grant Count
2
-75.0% YoY
Avg Grant Size
$22K
+27.0% YoY
About Palmetto Economic Development Corp
Based on IRS filings
Palmetto Economic Development Corp is a nonprofit organization, based in COLUMBIA, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 2 grants totaling $43K. Net investment income was $157K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,286,386 | $3,104,203 | $3,111,995 |
| Revenue | $4,606,904 | $4,146,690 | $3,847,469 |
| Expenses | $4,091,829 | $4,119,311 | $3,695,395 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $156,904 | $-28,310 | $150,269 |
| 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 2 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Open Grants
6 open opportunities from Palmetto Economic Development Corp
Cooperative Recruitment & Expansion Fund (CoRE)
PALMETTO ECONOMIC DEVELOPMENT CORP
Amount
Varies
Deadline
Rolling / Open
Professional Development Initiative
PALMETTO ECONOMIC DEVELOPMENT CORP
Amount
Up to $10,000
Deadline
Rolling / Open
Site Advancement Fund (SAF)
PALMETTO ECONOMIC DEVELOPMENT CORP
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Florence County Economic Development Partnership ($25,000), Trico Development Llc ($18,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TRICO DEVELOPMENT LLC ST MATTHEWS, SC | SITE ADVANCEMENT | $18,000 |
| FLORENCE COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP FLORENCE, SC | STRATEGIC PLANNING | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY SHERIDAN | VICE CHAIRMAN | 4 | $8,568 |
| PAUL BASHA | TRUSTEE | 2 | $3,353 |
| JAMES M BUNTON JR | TRUSTEE | 2 | $6,705 |
| TERRY W MALLARD | CHAIRMAN | 4 | $9,312 |
| ROB HOCHSTETLER | NON-VOTING EX- OFFICIO | 4 | — |
| DANIEL B SHELLEY III | SECRETARY | 4 | — |
| JOHNNIE L DICKERT | TRUSTEE | 2 | $5,960 |
| CHARLES E ADAIR | VICE CHAIRMAN | 2 | $6,705 |
| BRIAN W BROUGHTON | TRUSTEE | 2 | $2,980 |
| GARY L STOOKSBURY | TRUSTEE | 2 | $3,725 |
| BARBARA F WESTON | TRUSTEE | 2 | $6,705 |
| MICHAEL FULLER | SECRETARY | 2 | — |
| ROBERT G ARDIS III | TRUSTEE | 2 | $2,607 |
| ARCHIE B DAVIS JR | TRUSTEE | 2 | $2,980 |
| JAMES CHAVEZ | PRESIDENT AND CEO | 40 | $409,572 |
| WARREN DARBY JR | SR VP GLOBAL BUSINESS | 40 | $236,902 |
| REBECCA BRELAND | SR VP COMMUNITY PREPAREDNE | 40 | $157,513 |
| MARC METCALF | SENIOR PROJECT MANAGER | 40 | $125,376 |
| ANGELYN SMITH | SENIOR PROJECT MANAGER | 40 | $125,655 |
Frequently Asked Questions
How large is Palmetto Economic Development Corp?
As of 2024, Palmetto Economic Development Corp holds $3.3M in total assets with $4.6M in annual revenue. It awarded 2 grants totaling $43K in 2024.
Where does Palmetto Economic Development Corp operate?
Palmetto Economic Development Corp has awarded grants in South Carolina.
What size grants does Palmetto Economic Development Corp award?
In 2024, Palmetto Economic Development Corp awarded 2 grants totaling $43K — an average of about $22K per grant, based on its IRS Form 990 filings.
What is Palmetto Economic Development Corp's EIN?
Palmetto Economic Development Corp's EIN (Employer Identification Number) is 57-0873176. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Palmetto Economic Development Corp's focus areas in our free grants database
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