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Investsc Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208626982 ✦ Columbia, SC ✦ Designated as a 501(c)(3)

Overview

What is Investsc Inc?

Investsc Inc, established in 2007 by the South Carolina Jobs and Economic Development Authority, is a nonprofit organization based in Columbia, South Carolina. Its mission is to foster economic growth within the state by serving as a vital resource for companies looking to establish or expand their operations in South Carolina. Investsc Inc achieves this objective by offering seed capital, thereby alleviating some of the state's economic burden. With a single employee, this organization plays a crucial role in supporting South Carolina's economic development goals.


Is Investsc Inc legitimate?

Investsc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Investsc Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $41,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Investsc Inc?
Who is the CEO of Investsc Inc?
What is the revenue of Investsc Inc?
Who are the executives of Investsc Inc and what are their salaries?
Where can I find the form 990 for Investsc Inc?

Mission Statement of Investsc Inc

InvestSC Inc, a nonprofit organization established in 2007, is dedicated to promoting economic development within South Carolina. Their mission is to serve as a valuable resource, offering capital to companies looking to establish or expand their operations within the state. By doing so, InvestSC lessens the economic burden on South Carolina, as per IRC Reg 1.501(C)(3)-1(D)(2). This seed capital provided by InvestSC strengthens the economic base of the state, contributing to its overall development goals.

Impact

This information is meant to be a general summary of Investsc Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Investsc Inc's impact lies in promoting economic development within South Carolina by providing crucial seed capital to enterprises in the state. By lessening the burden on the South Carolina Jobs and Economic Development Authority and supporting the economic development goals of South Carolina, Investsc plays a significant role in strengthening the state's economic base. With its focus on providing capital to companies looking to locate or expand within South Carolina, Investsc serves as an invaluable resource for driving economic growth and supporting the overall prosperity of the state.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-738,407
  • Program Service Revenue: $0
  • Gross Receipts: $12,995,668

    • Assets and Liabilities:
  • Total Assets: $24,434,471
  • Total Liabilities: $16,390,737
  • Net Assets: $8,043,734
  • Organization Details

    Founding Year

    2007

    Principal Officer

    Harry Huntley

    Main Address

    1201 MAIN STREET 1600, COLUMBIA, SC, 29201

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Investsc Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.