Myrtle Beach Area Chamber Ofcommerce Educational Foundation
- Assets
- $210.3k
- Revenue
- $37.4k
- Investments
- $210.3k
- Employees
- 0
- Location
- Myrtle Beach, SC
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 26-0334163
Organization Overview
Myrtle Beach Area Chamber Ofcommerce Educational Foundation is located in Myrtle Beach, SC. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myrtle Beach Area Chamber Ofcommerce Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Myrtle Beach Area Chamber Ofcommerce Educational Foundation generated $37.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $20.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SCHOLARSHIPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Mcgonigal Director | 1 | $0 | |
John Rutenberg Director | 1 | $0 | |
Woody Brownson Director | 1 | $0 | |
Alberto Semedei Director | 1 | $0 | |
Ryan Swaim Director | 1 | $0 | |
Eileen Soisson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,153 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,292 |
| Capital Gain Net Income | $10,292 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,375 |
| Total operating and administrative expenses | $4,282 |
| Contributions, gifts, grants paid | $15,999 |
| Total expenses and disbursements | $20,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $210,280 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $210,281 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Myrtle Beach Area Chamber Ofcommerce Educational Foundation has recieved totaling $32,823.
| Awarding Organization | Amount |
|---|---|
Round It Up America Inc Los Angeles, CA PURPOSE: COMMUNITY SERVICE PROGRAMS | $32,823 |
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|---|---|---|
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East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Camino Community Development Corporation Inc Charlotte, NC | $3,342,143 | $5,457,630 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |
Vertuassets Foundation Inc Alpharetta, GA | $9,269,385 | $6,216,167 |
Cherokee Preservation Foundation Inc Cherokee, NC | $54,218,085 | $8,542,068 |
Bruce Barclay Cameron Foundation Inc Wilmington, NC | $54,642,091 | $12,592,781 |
School Of Government Foundation Inc Chapel Hill, NC | $45,503,923 | $4,914,270 |