Myrtle Beach Area Chamber Of Commerce

Organization Overview

Myrtle Beach Area Chamber Of Commerce is located in Myrtle Beach, SC. The organization was established in 1984. 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 12/2022, Myrtle Beach Area Chamber Of Commerce employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myrtle Beach Area 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, Myrtle Beach Area Chamber Of Commerce generated $68.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $66.3m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION PROMOTES, PROTECTS AND POSITIVELY IMPACTS ITS MEMBER BUSINESSES AND THE GRAND STRAND ECONOMY THROUGH A VARIETY OF ACTIVITIES AND PROGRAMS, INCLUDING ADVOCACY OF PUBLIC POLICY, TOURISM PROMOTION, DESTINATION ADVERTISING, DESTINATION BRANDING, BUSINESS PROMOTION, NETWORKING, LEADERSHIP DEVELOPMENT, BUSINESS TRAINING, CONVENTION/MEETING SALES, RESEARCH, BUSINESS SERVICES, JOB CREATION AND OTHER ACTIVITIES RELATED TO BUSINESS AND ECONOMIC DEVELOPMENT, AS IDENTIFIED IN ITS ORGANIZATIONAL MISSION STATEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTED THE GRAND STRAND AREA FOR THE BENEFIT OF ALL AREA BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Riordan
President & CEO
$414,188
Alex Husner
Chairman
$0
Billy Mcgonigal
Immediate Past Chairman
$0
John Rutenberg
Treasurer
$0
Rachel Beckerman
Director
$0
Woody Brownson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,793,424
Fundraising events$0
Related organizations$0
Government grants $61,474,661
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$64,268,085
Total Program Service Revenue$3,955,800
Investment income $281,871
Tax Exempt Bond Proceeds $30,891
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 $68,536,647

Peer Organizations

Organization NameAssets
Myrtle Beach Area Chamber Of Commerce
Myrtle Beach, SC
$68,536,647
Savannah Area Chamber Of Commerce
Savannah, GA
$19,300,790
Metropolitan Atlanta Chamber Of Commerce Inc
Atlanta, GA
$16,028,147
Hilton Head Island Bluffton Chamber Of Commerce
Hilton Head Island, SC
$12,930,281
North Carolina Association Of Realtors Inc
Greensboro, NC
$11,880,706
Charlotte Regional Realtor Association Inc
Charlotte, NC
$12,190,822
Greater Raleigh Chamber Of Commerce
Raleigh, NC
$7,329,901
The North Carolina Community Action Association
Raleigh, NC
$6,316,530
Raleigh Regional Association Of Realtors Inc
Cary, NC
$6,591,689
Visitgreenville Sc
Greenville, SC
$9,046,809
Gwinnett Chamber Of Commerce Inc
Duluth, GA
$7,801,062
Greensboro Area Chamber Of Commerce
Greensboro, NC
$7,766,217
Charleston Trident Association Realtors Inc
North Charleston, SC
$4,478,688
Asheville Area Chamber Of Commerce Inc
Asheville, NC
$3,982,111
National Board Of Echocardiography Inc
Raleigh, NC
$3,809,113
Southeastern Partnership Inc
Elizabethtown, NC
$3,773,378
Onespartanburg Inc
Spartanburg, SC
$3,485,838
Economic Development Partnership
Aiken, SC
$4,891,813
Augusta Metropolitan Convention And Visitors Bureau Inc
Augusta, GA
$4,173,044
Paymentsfirst Inc
Columbia, SC
$3,427,240
Cobb Travel & Tourism Inc
Atlanta, GA
$4,243,440
Forsyth County Chamber Inc
Cumming, GA
$2,337,249
South Carolina State Chamber Of Commerce
Columbia, SC
$2,893,666
Society Of International Business Fellows Ltd
Atlanta, GA
$2,619,245
Greater Winston-Salem Chamber Of Commerce
Winstonsalem, NC
$2,788,702

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