Greater Greer Chamber Of Commerce
- Assets
- $440.5k
- Revenue
- $603.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Greer, SC
- Founding
- 04/1974
- Data as of
- 12/2022
- EIN
- 57-0174128
Organization Overview
Greater Greer Chamber Of Commerce is located in Greer, SC. The organization was established in 1974. 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 12/2022, Greater Greer Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Greer 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 12/2022, Greater Greer Chamber Of Commerce generated $603.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $584.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CHAMPION ECONOMIC PROPERITY FOR OUR MEMBERS AND THE GREATER GREER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL CIVIC, COMMERCIAL, AND INDUSTRIAL SERVICES TO PROMOTE THE GENERAL WELFARE AND PROSPERITY OF THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Merhib Executive Di | Officer | 37.5 | $109,246 |
Ben Waldrop Past Chair | OfficerTrustee | 1 | $0 |
Alan Jones Chair | OfficerTrustee | 1 | $0 |
Inez Hannon Vc Greermade | OfficerTrustee | 1 | $0 |
Donna Smith Vc Public Po | OfficerTrustee | 1 | $0 |
Kevin Duncan Vc Programs | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $290,458 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,458 |
| Total Program Service Revenue | $198,054 |
| Investment income | $691 |
| 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 | $603,276 |
| 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. | $109,246 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,611 |
| Pension plan accruals and contributions | $17,594 |
| Other employee benefits | $0 |
| Payroll taxes | $22,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,103 |
| Fees for services: Lobbying | $5,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,108 |
| Advertising and promotion | $17,180 |
| Office expenses | $9,460 |
| Information technology | $6,770 |
| Royalties | $0 |
| Occupancy | $15,918 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $715 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,301 |
| Insurance | $26,768 |
| All other expenses | $20,397 |
| Total functional expenses | $584,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,887 |
| Savings and temporary cash investments | $165,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,414 |
| 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 | $49,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $440,545 |
| Accounts payable and accrued expenses | $5,721 |
| Grants payable | $0 |
| Deferred revenue | $85,849 |
| 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 | $6,500 |
| Total liabilities | $98,070 |
| Net assets without donor restrictions | $342,475 |
| 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 | $440,545 |