Greater Sumter Chamber Of Commerce
- Assets
- $460.9k
- Revenue
- $748.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Sumter, SC
- Founding
- 03/1965
- Data as of
- 03/2024
- EIN
- 57-0298584
Organization Overview
Greater Sumter Chamber Of Commerce is located in Sumter, SC. The organization was established in 1965. 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 03/2024, Greater Sumter Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Sumter 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 03/2024, Greater Sumter Chamber Of Commerce generated $748.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $742.7k during the year ending 03/2024. While expenses have increased by 1.5% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS CLIMATE AND INDUSTRIAL GROWTH IN THE SUMTER AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES INDUSTRIAL GROWTH
TO PROMOTE BUSINESS CLIMATE AND INDUSTRIAL GROWTH IN THE SUMTER AREA
PROMOTES BUSINESS CLIMATE IN GREATER SUMTER AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hardy President | Officer | 40 | $120,300 |
Charlie Allen Director | OfficerTrustee | 1 | $0 |
Cheryl Baker Chair Elect | OfficerTrustee | 1 | $0 |
Patina Calhoun V.c. Small B | OfficerTrustee | 1 | $0 |
Cary Coker Immediate Pa | OfficerTrustee | 1 | $0 |
Jimmy Davis Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $734,289 |
| Investment income | $25 |
| 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 | $748,429 |
| 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. | $120,300 |
| Compensation of current officers, directors, key employees. | $24,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,399 |
| Pension plan accruals and contributions | $8,991 |
| Other employee benefits | $32,518 |
| Payroll taxes | $23,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,599 |
| Office expenses | $27,135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,818 |
| Travel | $8,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,865 |
| Insurance | $19,371 |
| All other expenses | $0 |
| Total functional expenses | $742,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,646 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,434 |
| 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 | $22 |
| Net Land, buildings, and equipment | $284,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $460,895 |
| Accounts payable and accrued expenses | $1,982 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $50,565 |
| Other liabilities | $0 |
| Total liabilities | $52,547 |
| Net assets without donor restrictions | $408,348 |
| 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 | $460,895 |