Beaufort Regional Chamber Of Commerce

Organization Overview

Beaufort Regional Chamber Of Commerce is located in Beaufort, SC. The organization was established in 1978. 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 06/2024, Beaufort Regional Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beaufort 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 06/2024, Beaufort Regional Chamber Of Commerce generated $664.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $552.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE BEAUFORT REGIONAL CHAMBER OF COMMERCE EXISTS TO PROMOTE ECONOMIC PROSPERITY TO ENHANCE THE WELL-BEING OF EVERYONE IN OUR REGION. WE ENVISION A THRIVING REGION BASED ON A RESILIENT ECONOMY, TODAY AND FOR FUTURE GENERATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CHAMBER EXISTS TO PROMOTE ECONOMIC PROSPERITY TO ENHANCE THE WELL-BEING OF EVERYONE IN OUR REGION BY:1) SUPPORTING LOCAL BUSINESSES BY PROVIDING ADVOCACY, INFORMATION, AND CONNECTIONS, TO HELP MEMBERS BE SUCCESSFUL AND PROFITABLE: A) ADVOCACY: I) ACTIONABLE PUBLIC POLICY AGENDA TO IMPROVE THE REGION'S BUSINESS CLIMATE. II) CONSISTENT DIALOG WITH LOCAL, STATE, AND FEDERAL ELECTED OFFICIALS TO ADVOCATE FOR BUSINESSES. B) INFORMATION: I) MULTICHANNEL COMMUNICATIONS WITH CURATED NEWS, PERSPECTIVES, RESOURCES, AND PROMOTION OPPORTUNITIES. II) SEMINARS WITH INNOVATIVE THINKERS AND BEST PRACTICE LEADERS. C) CONNECTIONS: I) FREQUENT, WELL-ORGANIZED OPPORTUNITIES TO INTERACT WITH OTHER BUSINESS LEADERS. II) UNIQUE WAYS TO REACH TARGET CUSTOMERS.2) GROWING THE ECONOMY BY WORKING WITH PARTNERS TO PROMOTE GROWING ECONOMIC SECTORS AND STRENGTHEN EXISTING ECONOMIC PILLARS SUCH AS DEFENSE AND TOURISM: A) PARTNERSHIPS: I) ESTABLISH PARTNERSHIPS WITH ALLIED ORGANIZATIONS WORKING TO PROMOTE ECONOMIC GROWTH. II) USE ADVOCACY, CONVENING, AND COMMUNICATION STRENGTHS TO ADVANCE PARTNER'S MISSIONS. B) SECTORS: I) CONVENE MEMBER BUSINESSES BY ECONOMIC SECTOR TO ASSESS NEEDS AND EXPLORE OPPORTUNITIES. II) ORGANIZE WORK GROUPS AND SHARE ECONOMIC/EMPLOYMENT DATA TO ADVANCE KEY SECTORS. C) MILITARY: I) ADVOCATE FOR POLICIES, PROGRAMS, AND INVESTMENTS NEEDED TO SECURE THE REGION'S EXISTING MILITARY MISSIONS. II) IDENTIFY AND PROMOTE OPPORTUNITIES TO ATTRACT COMPLEMENTARY MISSIONS BY BUILDING ON CURRENT ASSETS. D) KEY ECONOMIC SECTORS: I) MILITARY/DEFENSE II) HOSPITALITY III)REAL ESTATE IV) MANUFACTURING V) HEALTH CARE VI) TECHNOLOGY3) BUILDING LEADERSHIP CAPACITY BY MOBILIZING THE BOARD, CONDUCTING RESEARCH, LEVERAGING COMMUNICATIONS AND PROGRAMS, AND GROWING THE MEMBERSHIP TO ENHANCE THE CHAMBER'S INFLUENCE AND CAPACITY: A) VISION: I) USE CONVENING POWER OF THE CHAMBER BOARD TO ENGAGE WITH REGIONAL LEADERS FROM OTHER SECTORS. II) ENGAGE CHAMBER MEMBERS IN FUTURE VISIONING THROUGH EVENTS AND SURVEYS. B) INSIGHT: I) TRACK AND REPORT ON KEY REGIONAL ECONOMIC, WORKFORCE, AND DEMOGRAPHIC DATA. II) PUBLISH REPORTS, RELEASE OP-EDS, AND OFFER COMMENTARY ABOUT SIGNIFICANT REGIONAL ISSUES. C) ORGANIZATION: I) GROW MEMBERSHIP AND REVENUE BY ATTRACTING NEW MEMBERS AND UPGRADE EXISTING MEMBERS. II) DEEPEN MEMBER ENGAGEMENT IN STRATEGIC WORK AREAS.


OUR MISSION IS TO MANAGE AND BUILD CAPACITY FOR CONTINUAL COMMUNITY GROWTH BY ADVOCATING FOR A PRO-BUSINESS ENVIRONMENT AND BUILDING WORKFORCE TO ENRICH THE REGION'S QUALITY OF LIFE. THE CHAMBER IS A MEMBERSHIP BASED ORGANIZATION WHOSE PURPOSE IS TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE BEAUFORT, SC REGION SO THAT THE BUSINESS COMMUNITY WILL PROSPER.


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Board, Officers & Key Employees

Name (title)Compensation
Russell Baxley
Director
$0
Nick Mesenburg
Chair Elect
$0
Jennifer Tuckwiller
Past Chair
$0
Liz Mitchum
Treasurer
$0
Graham Somerall
Chair
$0
Russell Baxley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$349,678
Fundraising events$0
Related organizations$0
Government grants $130,000
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$479,678
Total Program Service Revenue$174,256
Investment income $5,084
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 $664,944

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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