Laurens County Chamber Of Commerce
- Assets
- $439.4k
- Revenue
- $538.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Laurens, SC
- Founding
- 09/1978
- Data as of
- 06/2022
- EIN
- 57-0667072
Organization Overview
Laurens County Chamber Of Commerce is located in Laurens, SC. The organization was established in 1978. 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, Laurens County Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurens County 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 06/2022, Laurens County Chamber Of Commerce generated $538.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $495.6k during the year ending 06/2022. While expenses have increased by 4.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE LAURENS COUNTY A BETTER PLACE TO LIVE AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO WORK TOWARD THE CONTINUAL UPGRADING OF THE QUALITY OF LIFE FACTORS IN THE SERVICE AREA: IMPROVED LIVING CONDITIONS, THE OVERALL APPEARANCE AND BEAUTY, EXPANSION OF COMMUNITY FACILITIES AND SERVICES, CULTURAL AND EDUCATIONAL RESOURCES, AND OTHER GENERAL ENVIRONMENTAL QUALITIES OF THE COMMUNITY-AT-LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Munyan President/ce | Officer | 40 | $75,378 |
Chad Armstrong Board Member | Trustee | 1 | $0 |
Josh Black Board Member | Trustee | 1 | $0 |
Jeff Field Board Member | Trustee | 1 | $0 |
Marilyn Easter Board Member | Trustee | 1 | $0 |
Jonathan Coleman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $109,816 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $151,322 |
| 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 | $261,138 |
| Total Program Service Revenue | $228,425 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,100 |
| 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 | $538,502 |
| 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. | $75,378 |
| Compensation of current officers, directors, key employees. | $18,844 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,372 |
| Pension plan accruals and contributions | $8,525 |
| Other employee benefits | $0 |
| Payroll taxes | $16,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,614 |
| Office expenses | $6,268 |
| Information technology | $4,929 |
| Royalties | $0 |
| Occupancy | $8,344 |
| Travel | $4,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,020 |
| Interest | $176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,042 |
| Insurance | $26,435 |
| All other expenses | $8,945 |
| Total functional expenses | $495,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,203 |
| 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 | $179,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $439,370 |
| Accounts payable and accrued expenses | $307 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $307 |
| Net assets without donor restrictions | $439,063 |
| 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 | $439,370 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laurens County Chamber Of Commerce has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Prisma Health Greenville, SC PURPOSE: OPERATIONAL/COMMUNITY ENGAGEMENT | $10,000 |
Peer Organizations
| 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 |