York County Regional Chamber Of Commerce
- Assets
- $1.4m
- Revenue
- $692.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Rock Hill, SC
- Founding
- 10/1951
- Data as of
- 12/2022
- EIN
- 57-0236035
Organization Overview
York County Regional Chamber Of Commerce is located in Rock Hill, SC. The organization was established in 1951. 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, York County Regional Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. York County Regional 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, York County Regional Chamber Of Commerce generated $692.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $718.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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 BUILD A BUSINESS ENVIRONMENT THAT CREATES ECONOMIC PROSPERITY FOR MEMBERS AND THE COMMUNITY BY SERVING AS THE VOICE OF THE BUSINESS COMMUNITY AND BY PROVIDING A SUPPORT NETWORK FOR MEMBERS IN THIS REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YORK COUNTY REGIONAL CHAMBER OF COMMERCE SERVES AS THE VOICE FOR MORE THAN 1,000 MEMBER BUSINESSES IN THE FORT MILL, ROCK HILL, AND TEGA CAY AREAS OF SOUTH CAROLINA. BOTH LARGE AND SMALL BUSINESSES FROM VIRTUALLY EVERY PROFESSION ARE REPRESENTED IN THE CHAMBER.
THE CHAMBER PROVIDES PROFESSIONAL AND PERSONAL DEVELOPMENT OPPORTUNITIES FOR ITS MEMBERS BY OFFERING SEMINARS, TRAINING, AND WORKSHOPS ON VARIOUS TOPICS, AS WELL AS LEADERSHIP PROGRAMS.
THE YORK COUNTY REGIONAL CHAMBER OF COMMERCE PROVIDES OPPORTUNITIES FOR MEMBERS TO STAY INFORMED ON GOVERNMENTAL, EDUCATIONAL, TECHNOLOGICAL, AND ECONOMIC ISSUES THROUGH SPECIAL FORUMS, COMMITTEES, AND PROGRAMS. THE CHAMBER ALSO HOLDS SPECIAL NETWORKING EVENTS THAT ASSIST MEMBERS IN MAKING NEW BUSINESS CONTACTS.
THE CHAMBER OFFERS MEMBERS OPPORTUNITIES TO INCREASE EXPOSURE BY PROVIDING MEMBER BUSINESSES WITH A DECAL AND PLAQUE FOR MARKETING PURPOSES; PERFORMING RIBBON-CUTTING AND GROUND-BREAKING CEREMONIES FOR MEMBERS; OFFERING MEMBERS ADVERTISING OPPORTUNITIES IN THE CONNECTIONS NEWSLETTER AND MEMBERSHIP DIRECTORY; AND PROVIDING MEMBERS EXPOSURE AND ADVERTISING OPPORTUNITIES ON THE CHAMBER WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Faulkenberry Past Chair (exec Comm) | Trustee | 1 | $0 |
Mike Lutes Director | Trustee | 1 | $0 |
Dr Stacey Moore Director | Trustee | 1 | $0 |
Wes Tuttle Chair (exec Comm) | Trustee | 1 | $0 |
Shaun Barnes Chair Elect (exec Comm) | Trustee | 1 | $0 |
Porter Gable Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $333,562 |
| 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 | $333,562 |
| Total Program Service Revenue | $344,815 |
| Investment income | $3,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,500 |
| 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 | $692,758 |
| 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. | $207,740 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,267 |
| Pension plan accruals and contributions | $7,560 |
| Other employee benefits | $40,244 |
| Payroll taxes | $24,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,371 |
| Advertising and promotion | $2,742 |
| Office expenses | $34,890 |
| Information technology | $18,157 |
| Royalties | $0 |
| Occupancy | $33,763 |
| Travel | $12,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,583 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,589 |
| Insurance | $9,214 |
| All other expenses | $9,313 |
| Total functional expenses | $718,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,984 |
| Savings and temporary cash investments | $186,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,938 |
| 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 | $1,026,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,393,154 |
| Accounts payable and accrued expenses | $31,479 |
| Grants payable | $0 |
| Deferred revenue | $44,570 |
| 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 | $76,049 |
| Net assets without donor restrictions | $1,314,776 |
| Net assets with donor restrictions | $2,329 |
| 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 | $1,393,154 |