Charleston Metro Chamber Of Commerce
- Assets
- $2.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 29
- Location
- North Charleston, SC
- Founding
- 12/1942
- Data as of
- 12/2021
- EIN
- 57-0138852
Organization Overview
Charleston Metro Chamber Of Commerce is located in North Charleston, SC. The organization was established in 1942. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Charleston Metro Chamber Of Commerce employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston Metro Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Charleston Metro Chamber Of Commerce generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. 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
TO INITIATE, ADVOCATE AND EMPOWER OUR REGION TO ADVANCE A PROSPEROUS BUSINESS ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Derreberry President An | Officer | 39.9 | $329,031 |
Timothy J Rogers VP Of Member | 40 | $225,551 | |
Adrian Cain Senior VP Of | 39.9 | $153,582 | |
George Barhight SVP Of Gov R | 40 | $115,406 | |
Justin Lee SVP Of Membe | 40 | $108,749 | |
Laurie Carter SVP Of Fin & | Officer | 39.75 | $104,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $514,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,945 |
| Total Program Service Revenue | $3,746,298 |
| Investment income | $20,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,299,222 |
| 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. | $433,318 |
| Compensation of current officers, directors, key employees. | $268,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,610,593 |
| Pension plan accruals and contributions | $41,680 |
| Other employee benefits | $179,856 |
| Payroll taxes | $144,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,341 |
| Fees for services: Accounting | $18,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,163 |
| Advertising and promotion | $50,120 |
| Office expenses | $154,617 |
| Information technology | $67,505 |
| Royalties | $0 |
| Occupancy | $422,987 |
| Travel | $21,353 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $403,640 |
| Interest | $19,761 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255,422 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,018,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $975,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,125 |
| 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 | $49,088 |
| Net Land, buildings, and equipment | $669,139 |
| Investments—publicly traded securities | $990,670 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,751,754 |
| Accounts payable and accrued expenses | $251,298 |
| Grants payable | $0 |
| Deferred revenue | $1,089,726 |
| 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 | $476,165 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $234,585 |
| Total liabilities | $2,051,774 |
| Net assets without donor restrictions | $699,980 |
| 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 | $2,751,754 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charleston Metro Chamber Of Commerce has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Roper St Francis Healthcare Ladson, SC PURPOSE: MISSION SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Catapult Employers Association Inc Charlotte, NC | $29,062,151 | $11,591,592 |
Material Handling Industry Charlotte, NC | $47,683,626 | $9,373,813 |
North Carolina Association Of Raleigh, NC | $3,258,461 | $11,696,532 |
Midtown Business Association Inc Atlanta, GA | $4,952,556 | $10,845,776 |
International Zinc Association Durham, NC | $9,583,285 | $9,824,037 |
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
North American Transmission Forum Inc Charlotte, NC | $10,236,042 | $8,601,218 |
North Carolina Association Of Cpas Raleigh, NC | $10,162,234 | $7,194,699 |
Charlotte Regional Business Alliance Charlotte, NC | $7,391,454 | $7,941,534 |