Rock Hill Area Chamber Of Commerce Foundation
- Assets
- $85.7k
- Revenue
- $52.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Rock Hill, SC
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 57-0724345
Organization Overview
Rock Hill Area Chamber Of Commerce Foundation is located in Rock Hill, SC. The organization was established in 1982. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rock Hill Area Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rock Hill Area Chamber Of Commerce Foundation generated $52.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.0% each year . All expenses for the organization totaled $51.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC GROWTH OF THE COMMUNITY THROUGH EDUCATION AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND COMMERCIAL DEVELOPMENT OF THE COMMUNITY THROUGH THE UNDERTAKING OF STUDIES AND RESEARCH AND THE CONDUCT OF TRAINING COURSES, SEMINARS, DISCUSSION GROUPS, LECTURES, AND VARIOUS OTHER ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri Rucker Chair | OfficerTrustee | 1 | $0 |
L Dean Faile Secretary/treasurer | OfficerTrustee | 1 | $0 |
Rick Jiran Director | Trustee | 1 | $0 |
Theron Pickens Director | Trustee | 1 | $0 |
Toy Rhea Director | Trustee | 1 | $0 |
Marvin Smith Director | Trustee | 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 | $52,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,378 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| 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 | $52,391 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $51,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,675 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,675 |
| Accounts payable and accrued expenses | $13,836 |
| 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 | $13,836 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $71,839 |
| 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 | $85,675 |
Grants Awarded
Over the last fiscal year, Rock Hill Area Chamber Of Commerce Foundation has awarded $73,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rock Hill, SC PURPOSE: For workforce development program and capital improvements | $70,500 |
ROCK HILL CITIZENS FOR SCHOOLS PURPOSE: To help educate the citizens of Rock Hill on the school district's bond referendum | $2,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rock Hill Area Chamber Of Commerce Foundation has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Zinc Association Durham, NC | $9,583,285 | $9,824,037 |
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
North American Transmission Forum Inc Charlotte, NC | $10,236,042 | $8,601,218 |
North Carolina Association Of Cpas Raleigh, NC | $10,162,234 | $7,194,699 |
Charlotte Regional Business Alliance Charlotte, NC | $7,391,454 | $7,941,534 |
Highpoint International Home Furnis Hings Market Authority Corp High Point, NC | $6,441,488 | $7,467,309 |
Allinial Global Lawrenceville, GA | $3,508,006 | $7,173,344 |
New Durham Corporation Durham, NC | $203,681,091 | $6,567,478 |
American Society Of Echocardiography Incorporated Durham, NC | $13,829,429 | $8,348,345 |
Georgia Chamber Of Commerce Inc Atlanta, GA | $7,473,907 | $7,231,952 |
Georgia Society Of Certified Public Accountants Inc Atlanta, GA | $8,640,811 | $5,890,900 |
North Carolina Chamber Raleigh, NC | $5,379,705 | $5,813,998 |