South Carolina · Nonprofit
MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION
MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION (South Carolina) receives grants from 3 organizations whose IRS filings report $1,415,000 to it, the largest being THE NORTH EASTERN STRATEGIC ALLIANCEINC ($1,360,000). 3 of them have funded it in more than one year.
- Revenue FY2025
- $1.8M
- Funders on record
- 3
- Grants received
- $1.4M
- Net assets
- $2.0M
What Myrtle Beach Regional Economic Development Corporation does
Mission
Promote, implement and support activities designed to promote economic development, diversify the economy & maintain a quality business climate.
As stated on its FY2025 Form 990.
Program
Promoted the economic development of horry county,the diversification of the local economy and maintaining a quality business climate.
$1,679,060 spent100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,679,060.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $2.6M to $2.1M (−20%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 69% · 2022 68% · 2023 37% · 2024 60% · 2025 73%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Gregg Smith
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 2 funders, grant income rose $11k → $1.2M.
From the IRS filings of MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION leans on a few funders — its largest provides 96% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 95% · 2018 95% · 2019 95% · 2020 100% · 2021 66% · 2022 98% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION's grant income comes from South Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In South Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
72% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
- MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION (South Carolina) receives grants from 3 organizations whose IRS filings report $1,415,000 to it, the largest being THE NORTH EASTERN STRATEGIC ALLIANCEINC ($1,360,000). 3 of them have funded it in more than one year.
- How many funders does MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION have?
- IRS filings report 3 organizations giving $1,415,000 in grants to MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION, 3 of which have funded it in more than one year.
- Who is the largest funder of MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
- THE NORTH EASTERN STRATEGIC ALLIANCEINC is the largest funder on record, with $1,360,000 in grants. The full list of funders is on this page.
- How can an organization like MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in South Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Myrtle Beach Regional Economic Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing