PALMETTO PROJECT INC

EIN: 570807801 501(c)(3)

NORTH CHARLESTON, SC

Total Revenue
$2,948,321
Total Expenses
$2,523,615
Total Assets
$1,859,709
Net Assets
$1,454,109
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
SC
Principal Officer
BRADY QUIRK-GARVAN
Phone
8435774122
Tax Period
2023-01-01 to 2023-12-31

PALMETTO PROJECT INC, founded in 1985, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 14% surplus.

Mission

TO SEEK CREATIVE IDEAS FOR SOLVING PROBLEMS FACED BY THE CITIZENS OF SC. KEY AREAS OF FOCUS INCLUDE: ACCESSIBLE HEALTHCARE; COMMUNITY RELATIONS AND DEVELOPMENT; YOUTH, FAMILIES AND SCHOOLS; AND CIVIC PARTICIPATION.

Program Service Accomplishments

Program 1
Expenses: $1,188,690 Revenue: $765,024

HEALTH FOR OVER 20 YEARS, THE PALMETTO PROJECT HAS BEEN A LEADING ADVOCATE FOR A MORE EFFECTIVE SYSTEM OF HEALTHCARE FOR SOUTH CAROLINIANS REGARDLESS OF THEIR FINANCIAL CIRCUMSTANCES, RACE, OR...

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HEALTH FOR OVER 20 YEARS, THE PALMETTO PROJECT HAS BEEN A LEADING ADVOCATE FOR A MORE EFFECTIVE SYSTEM OF HEALTHCARE FOR SOUTH CAROLINIANS REGARDLESS OF THEIR FINANCIAL CIRCUMSTANCES, RACE, OR RESIDENCY. PROGRAMS INCLUDE: INSURE SC, CHILDREN'S HEALTH SC, HEART & SOUL, THE CAROLINA HEARING AID BANK, AND MYVAX SC. ADDITIONAL INFORMATION ABOUT THESE PROGRAMS IS AVAILABLE ON SCHEDULE O AND ON OUR WEBSITE AT PALMETTOPROJECT.ORG/HEALTH/.

Program 2
Expenses: $734,071

FAMILIES, YOUTH, & SCHOOLS PALMETTO PROJECT SEES HEALTHY FAMILIES, ENGAGED YOUNG PEOPLE, AND VIBRANT SCHOOLS AS THE CORNERSTONE OF EFFECTIVE COMMUNITIES. OUR INITIATIVES PROVIDE THOUSANDS OF...

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FAMILIES, YOUTH, & SCHOOLS PALMETTO PROJECT SEES HEALTHY FAMILIES, ENGAGED YOUNG PEOPLE, AND VIBRANT SCHOOLS AS THE CORNERSTONE OF EFFECTIVE COMMUNITIES. OUR INITIATIVES PROVIDE THOUSANDS OF VULNERABLE FAMILIES WITH CONNECTIONS TO SOCIAL SERVICE AGENCIES, SUPPORT SERVICES, FOOD AND EVEN CHRISTMAS PRESENTS. CURRENT PROGRAMS INCLUDE: MY FIRST BOOKS OF SOUTH CAROLINA, BEGIN WITH BOOKS, FAMILIES HELPING FAMILIES, AND CHALLENGE DAY. ADDITIONAL INFORMATION ABOUT THESE PROGRAMS IS AVAILABLE ON SCHEDULE O AND ON OUR WEBSITE AT PALMETTOPROJECT.ORG/FAMILY-YOUTH-SCHOOLS/.

Program 3
Expenses: $348,075

COMMUNITY ENGAGEMENT & CIVIC PARTICIPATION PALMETTO PROJECT HAS BECOME A LEADER IN EQUIPPING COMMUNITIES WITH NEW TOOLS TO ENHANCE COMMUNICATIONS, CREATE TRUST, AND SOLVE PROBLEMS. IT ALSO ENCOURAGES...

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COMMUNITY ENGAGEMENT & CIVIC PARTICIPATION PALMETTO PROJECT HAS BECOME A LEADER IN EQUIPPING COMMUNITIES WITH NEW TOOLS TO ENHANCE COMMUNICATIONS, CREATE TRUST, AND SOLVE PROBLEMS. IT ALSO ENCOURAGES CIVIC PARTICIPATION THROUGH THE PALMETTO VOTER PROJECT. SINCE THE PROGRAM STARTED IN 1994, SOUTH CAROLINA VOTERS HAVE SET RECORDS FOR TURNOUT IN EVERY ELECTION. ADDITIONAL INFORMATION ON THESE PROGRAMS IS AVAILABLE IN SCHEDULE O AND ON THE ORGANIZATION'S WEBSITE AT PALMETTOPROJECT.ORG/COMMUNITY-ENGAGEMENT/.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,182,654
Program Service Revenue $765,024
Investment Income $643
Other Revenue $0
TOTAL REVENUE $2,948,321

Expense Breakdown

Grants Paid $687,748
Salaries & Benefits $1,068,650
Fundraising Expenses $48,432
Program Expenses $2,270,836
Other Expenses $767,217
TOTAL EXPENSES $2,523,615

Year-over-Year Comparison

2023 2022 Change
Revenue $2,948,321 $2,265,031 +0.3%
Expenses $2,523,615 $2,073,996 +0.2%
Net Income $424,706 $191,035 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
28
Volunteers
950

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$170,297
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY FLEMING COO 40.00
Officer
$92,999 $16,479 $109,478
STEPHEN SKARDON JR PRESIDENT/CE 40.00
Officer
$59,999 $820 $60,819
BRADY QUIRK-GARVAN CHAIR 1.00
Officer Director
$0 $0 $0
JONATHAN WILLIAMS VICE-CHAIR 1.00
Officer Director
$0 $0 $0
JOYCE GREEN SECRETARY-TR 1.00
Officer Director
$0 $0 $0
ROBERT BARBER JR DIRECTOR 1.00
Director
$0 $0 $0
JUDY CANNON DIRECTOR 1.00
Director
$0 $0 $0
MARION COBB DIRECTOR 1.00
Director
$0 $0 $0
QUINETHA FRASIER DIRECTOR 1.00
Director
$0 $0 $0
DWAYNE GREEN DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
WADE KOLB III DIRECTOR 1.00
Director
$0 $0 $0
PETER LAMOTTE DIRECTOR 1.00
Director
$0 $0 $0
JACK LAWRENCE DIRECTOR 1.00
Director
$0 $0 $0
F ELLIOTTE QUINN IV DIRECTOR 1.00
Director
$0 $0 $0
THEODORE RILEY DIRECTOR 1.00
Director
$0 $0 $0
S ANNE WALKER DIRECTOR 1.00
Director
$0 $0 $0
SEAN WILSON DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,948,321 $2,523,615 $1,859,709 $424,706
2022 $2,265,031 $2,073,996 $1,540,825 $191,035
2021 $1,583,346 $1,357,060 $1,116,056 $226,286
2020 $1,259,986 $1,484,545 $1,085,627 $-224,559
2019 $1,102,740 $1,264,803 $1,050,758 $-162,063
2018 $1,245,423 $1,535,470 $1,248,471 $-290,047
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