Greater Columbia Chamber Of Commerce
- Assets
- $555.5k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Columbia, SC
- Founding
- 06/1942
- Data as of
- 08/2023
- EIN
- 57-0144900
Organization Overview
Greater Columbia Chamber Of Commerce is located in Columbia, SC. The organization was established in 1942. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Greater Columbia Chamber Of Commerce employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Columbia 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 08/2023, Greater Columbia Chamber Of Commerce generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.1m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE GENERAL WELFARE AND PROSPERITY OF THE GREATER COLUMBIA AREA INCLUDING RICHLAND, LEXINGTON, NEWBERRY AND FAIRFIELD COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AREA COUNCILS & SPECIAL EVENTS:EVENTS ARE SCHEDULED PERIODICALLY TO PROMOTE NETWORKING OPPORTUNITIES AND TO PROVIDE BUSINESS LEADERS TRAINING ON PERTINENT BUSINESS TOPICS.
MEMBERSHIP SERVICES
COMMUNITY DEVELOPMENT & EDUCATION:THE CHAMBER WORKS TO PROMOTE, ENHANCE AND STRENGTHEN RELATIONSHIPS WITHIN THE COMMUNITY THROUGH VARIOUS EVENTS AND COMMITTEES.
PUBLIC AFFAIRS:THE CHAMBER IS COMMITTED TO ALIGNING ITS MEMBERS TO BE A STRONG AND INFLUENTIAL VOICE IN THE POLITICAL PROCESS THROUGH ITS ABILITY TO BUILD A SOPHISTICATED GRASSROOTS-LOBBYING PROGRAM THAT ENCOURAGES MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Blackstone President & CEO | Officer | 40 | $194,493 |
Dr Michael Amiridis Director | Trustee | 1 | $0 |
James Bennett Director | Trustee | 1 | $0 |
John Boyd Director | Trustee | 1 | $0 |
Brian Boyer Director | Trustee | 1 | $0 |
Peyton Bryant Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Resource Development Group Professional Fundraiser | 8/30/23 | $195,443 |
Cassidy And Associates Lobbying For Military Services In Columb | 8/30/23 | $132,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $792,427 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $915,927 |
| Total Program Service Revenue | $769,946 |
| 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 | $38,829 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,726,587 |
| 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. | $204,965 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,226 |
| Pension plan accruals and contributions | $22,675 |
| Other employee benefits | $80,742 |
| Payroll taxes | $59,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $195,815 |
| Fees for services: Investment Management | $14,368 |
| Fees for services: Other | $70,829 |
| Advertising and promotion | $12,748 |
| Office expenses | $37,689 |
| Information technology | $53,140 |
| Royalties | $0 |
| Occupancy | $172,873 |
| Travel | $2,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,276 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,542 |
| Insurance | $12,188 |
| All other expenses | $12,000 |
| Total functional expenses | $2,051,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,543 |
| 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 | $21,991 |
| Net Land, buildings, and equipment | $10,818 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $555,530 |
| Accounts payable and accrued expenses | $112,357 |
| Grants payable | $0 |
| Deferred revenue | $333,604 |
| 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 | $445,961 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $109,569 |
| 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 | $555,530 |