Lead-Chs Foundation
- Assets
- $195.4k
- Revenue
- $166.3k
- Investments
- $0.0
- Employees
- 0
- Location
- North Charleston, SC
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-1199140
Organization Overview
Lead-Chs Foundation, operating under the name Charleston Chamber Foundation, is located in North Charleston, SC. The organization was established in 2010. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston Chamber 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, Charleston Chamber Foundation generated $166.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $154.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARLESTON CHAMBER FOUNDATION SUPPORTS THE ENRICHMENT OF THE BUSINESS ENVIRONMENT OF METRO CHARLESTON THROUGH THE TALENT, LEADERSHIP AND RESEARCH INITIATIVES OF THE CHARLESTON METRO CHAMBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ADVANCEMENT: LEADERSHIP | TALENT | DE&I PEOPLE ARE CORE TO OUR REGION'S PROSPERITY. THE CHAMBER'S COMMUNITY ADVANCEMENT TEAM CULTIVATES LEADERS TO STEP INTO OUR COMMUNITY'S GREATEST CHALLENGES AND WORKS ALONGSIDE OUR REGION'S EMPLOYERS AND EDUCATORS TO BUILD AND DEVELOP OUR WORKFORCE. OUR EFFORTS ARE ALL CENTERED AROUND ENSURING ECONOMIC MOBILITY FOR ALL. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Marchant Chair | OfficerTrustee | 0.1 | $0 |
Joe Grech Finance Chai | OfficerTrustee | 0.1 | $0 |
Krya Morris Vice Chair | OfficerTrustee | 0.1 | $0 |
Adrian Cain Executive Di | Officer | 0.1 | $0 |
Bryan Derreberry President An | Officer | 0.1 | $0 |
Laurie Carter SVP Of Fin & | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,273 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,320 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,773 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $19,000 |
| Total functional expenses | $154,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $116,751 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,414 |
| Accounts payable and accrued expenses | $3,025 |
| Grants payable | $0 |
| Deferred revenue | $78,555 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $81,580 |
| Net assets without donor restrictions | $113,834 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $195,414 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Lead-Chs Foundation has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $12,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $12,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $12,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $12,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waccamaw Community Foundation Inc Murrells Inlet, SC | $30,138,658 | $6,245,346 |
Shumard Foundation Inc Atlanta, GA | $18,870,364 | $808,294 |
Greenville Area Development Corporation Greenville, SC | $4,479,595 | $2,418,141 |
Wake Forest Innovation Quarter Management Co Winstonsalem, NC | $76,176 | $0 |
Sc Launch Inc Columbia, SC | $12,983,051 | $2,975,171 |
Poplar Springs Fire Service Area Moore, SC | $4,360,898 | $2,218,008 |
Society Of Women Engineers Endowment Fund Inc Sanford, NC | $12,880,425 | $978,863 |
Georgia Transportation Alliance Inc Atlanta, GA | $275,023 | $553,290 |
Csra Property Holding 2 Inc Augusta, GA | $0 | $95,187 |
T C Roberson Rams Club Inc Skyland, NC | $151,073 | $260,339 |
Gaston Together Communites Of Excellence Gastonia, NC | $212,084 | $226,035 |
Lead-Chs Foundation North Charleston, SC | $195,414 | $166,320 |