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← SC CHAMBER EDUCATION AND WORKFORCE DEVELOPMENT FOUNDATION

Form 990 for tax year 2024

Filed by SC CHAMBER EDUCATION AND WORKFORCE DEVELOPMENT FOUNDATION.

Totals

Total revenue
$987,688
Total expenses
$992,802
Contributions and grants received
$873,331
Grants paid
$401,500
Program service revenue
$1,275
Investment income
$113,082
Other revenue
$0
Total assets, end of year
$2,412,093
Total liabilities, end of year
$531,455
Net assets or fund balances, end of year
$1,880,638
Program services expenses (Part IX)
$981,435
Management and general expenses
$11,367
Fundraising expenses
$0
Program service expenses (Part III)
$981,435

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $873,331

  • 2a · Program service revenue: Registration Fees

    total $1,275 · related or exempt $1,275

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $63,506 · excluded $63,506

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,044,770

  • 7b · Less cost or other basis and sales expenses

    securities $995,194

  • 7c · Gain or loss

    securities $49,576 · other assets $0

  • 7d · Net gain or loss

    total $49,576 · excluded $49,576

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $400,000 · program services $400,000

  • 2 · Grants to domestic individuals

    total $1,500 · program services $1,500

  • 11f · Fees: investment management

    total $11,367 · management and general $11,367

  • 11g · Fees: other

    total $206,392 · program services $206,392 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $14,440 · program services $14,440

  • 13 · Office expenses

    total $36,256 · program services $36,256

  • 16 · Occupancy

    total $92,959 · program services $92,959

  • 17 · Travel

    total $8,158 · program services $8,158

  • 19 · Conferences, conventions and meetings

    total $89,326 · program services $89,326

  • 22 · Depreciation, depletion and amortization

    total $1,844 · program services $1,844

  • 23 · Insurance

    total $2,028 · program services $2,028

  • 24a · Other expenses: Studies SCEPF

    total $107,173 · program services $107,173

  • 24b · Other expenses: Tutoring and Incentives

    total $21,359 · program services $21,359

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $315,009 · end of year $320,207

  • 4 · Accounts receivable

    beginning of year $0 · end of year $7,500

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $12,680

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,333

  • 10c · Land, buildings and equipment, net

    beginning of year $888 · end of year $3,347

  • 12 · Investments: other securities

    beginning of year $1,923,030 · end of year $2,081,039

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,348 · end of year $182,151

  • 19 · Deferred revenue

    beginning of year $368,568 · end of year $349,304

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $1,829,011 · end of year $1,880,638

Mission and programs · 2024

Mission

THE FOUNDATION'S EDUCATION WORKFORCE AND DIVERSITY INTERESTS ARE BROAD. IT SEEKS TO PROMOTE COLLABORATION AMONG A WIDE RANGE OF STAKEHOLDERS- SCHOOL STAFF (PRE-SCHOOL THROUGH HIGHER EDUCATION), FAMILIES, COMMUNITY ORGANIZATIONS, AGENCIES, AND BUSINESSES. THE FOUNDATION SEEKS TO FURTHER ITS INTERESTS THROUGH A CAREFULLY CONSIDERED IDENTIFICATION AND SUBSEQUENT FUNDING OF WORTHY ACTIVITIES, RESEARCH STUDIES, AND PROJECTS. IT IS AUTHORIZED BY ITS BY-LAWS TO ENGAGE IN ACTIVITIES THAT ARE DESIGNED TO ENHANCE PUBLIC EDUCATION, WORKFORCE DEVELOPMENT AND DIVERSITY INCLUSION.

Activities or mission (Part I)

ENGAGE IN ACTIVITIES THAT ARE DESIGNED TO ENHANCE PUBLIC EDUCATION, WORKFORCE DEVELOPMENT AND DIVERSITY INCLUSION.

  • THE FOUNDATION'S EDUCATION WORKFORCE AND DIVERSITY INTERESTS ARE BROAD. IT SEEKS TO PROMOTE COLLABORATION AMONG A WIDE RANGE OF STAKEHOLDERS- SCHOOL STAFF (PRE-SCHOOL THROUGH HIGHER EDUCATION), FAMILIES, COMMUNITY ORGANIZATIONS, AGENCIES, AND BUSINESSES. THE FOUNDATION SEEKS TO FURTHER ITS INTERESTS THROUGH A CAREFULLY CONSIDERED IDENTIFICATION AND SUBSEQUENT FUNDING OF WORTHY ACTIVITIES, RESEARCH STUDIES, AND PROJECTS. IT IS AUTHORIZED BY ITS BY-LAWS TO ENGAGE IN ACTIVITIES THAT ARE DESIGNED TO ENHANCE PUBLIC EDUCATION, WORKFORCE DEVELOPMENT AND DIVERSITY INCLUSION.

    Expenses $981,435 · Grants $401,500 · Revenue $1,275

As filed on the 2024 return.

Listed in Part VII

  • Mike Brenan

    President and CEO

    Total calculated
    $148,981
    From this org
    $0
    From related orgs
    $143,251
    Other
    $5,730
    Hours/week
    1 + 40 related

  • Todd Hyneman

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Trey Simon

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Kathy Dudley Helms

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1

  • Kristi Eidson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Laura McKinney

    Member

    Total calculated
    $0
    Hours/week
    1

  • Monique McDaniels

    Member

    Total calculated
    $0
    Hours/week
    1

  • Rhonda Midgette

    Diversity

    Total calculated
    $0
    Hours/week
    1

  • Susan ONeal

    VP Finance, Operations & Admin.

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 February 2026
IRS schema version
2024v5.1
Source object
202600439349301445

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