Clemson Area Chamber Of Commerce Inc is located in Clemson, SC. The organization was established in 1991. 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 06/2022, Clemson Area Chamber Of Commerce Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clemson Area Chamber Of Commerce Inc 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 06/2022, Clemson Area Chamber Of Commerce Inc generated $325.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $397.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 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 PROMOTE BUSINESS AND TOURISM WITHIN THE CLEMSON SC AREA AND THROUGH VARIOUS ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE BUSINESS DEVELOPMENT AND NETWORKING IN THE CLEMSON AREA.
TO PROMOTE TOURISM AS AN INDUSTRY IN CLEMSON AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Merritt Rechichar President/ce | Officer | 40 | $30,923 |
Tookie Nemchak Chair Elect | OfficerTrustee | $0 | |
Kim Burden Chair | OfficerTrustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $145,538 |
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 | $145,538 |
Total Program Service Revenue | $178,108 |
Investment income | $383 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $1,427 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $325,456 |
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. | $53,923 |
Compensation of current officers, directors, key employees. | $5,392 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $101,111 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $5,437 |
Payroll taxes | $20,532 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $28,710 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $598 |
Advertising and promotion | $23,430 |
Office expenses | $2,120 |
Information technology | $10,456 |
Royalties | $0 |
Occupancy | $16,196 |
Travel | $12,927 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,784 |
Insurance | $2,450 |
All other expenses | $9,770 |
Total functional expenses | $397,601 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $127,407 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $19,337 |
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 | $820 |
Net Land, buildings, and equipment | $42,440 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $190,004 |
Accounts payable and accrued expenses | $2,633 |
Grants payable | $0 |
Deferred revenue | $26,481 |
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 | $3,471 |
Total liabilities | $32,585 |
Net assets without donor restrictions | $97,703 |
Net assets with donor restrictions | $59,716 |
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 | $190,004 |
Over the last fiscal year, we have identified 1 grants that Clemson Area Chamber Of Commerce Inc has recieved totaling $9,425.
Awarding Organization | Amount |
---|---|
Anmed Health Anderson, SC PURPOSE: ANNUAL SPONSORSHIP | $9,425 |
Organization Name | Assets | Revenue |
---|---|---|
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |
Serc Reliability Corporation Charlotte, NC | $16,241,101 | $25,718,150 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Catapult Employers Association Inc Charlotte, NC | $29,062,151 | $11,591,592 |
Material Handling Industry Charlotte, NC | $47,683,626 | $9,373,813 |