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Nonprofiteer
← CHARLESTON METRO CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by CHARLESTON METRO CHAMBER OF COMMERCE.

Totals

Total revenue
$4,077,656
Total expenses
$4,150,438
Contributions and grants received
$24,000
Grants paid
$0
Program service revenue
$4,030,870
Investment income
$22,786
Other revenue
$0
Total assets, end of year
$6,531,279
Total liabilities, end of year
$6,042,051
Net assets or fund balances, end of year
$489,228
Program services expenses (Part IX)
$2,777,305
Management and general expenses
$1,373,133
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 66.9% 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

    $24,000

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $2,053,415 · related or exempt $2,053,415

  • 2b · Program service revenue: ADVOCACY

    total $789,302 · related or exempt $789,302

  • 2c · Program service revenue: ACCELERATE GREATER CHARLESTON

    total $555,000 · related or exempt $555,000

  • 2d · Program service revenue: MEMBERSHIP DEVELOPMENT

    total $285,387 · related or exempt $285,387

  • 2e · Program service revenue: COMMUNICATIONS & MARKETING

    total $144,890 · related or exempt $144,890

  • 2f · All other program service revenue

    total $202,876 · related or exempt $202,876

  • 3 · Investment income

    total $22,786 · excluded $22,786

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $460,735 · program services $175,145 · management and general $285,590

  • 7 · Other salaries and wages

    total $1,516,249 · program services $1,186,898 · management and general $329,351

  • 8 · Pension plan contributions

    total $35,122 · program services $32,328 · management and general $2,794

  • 9 · Other employee benefits

    total $214,404 · program services $120,993 · management and general $93,411

  • 10 · Payroll taxes

    total $127,753 · program services $92,888 · management and general $34,865

  • 11b · Fees: legal

    total $5,846 · management and general $5,846

  • 11c · Fees: accounting

    total $19,200 · management and general $19,200

  • 11d · Fees: lobbying

    total $5,179 · program services $5,179

  • 11g · Fees: other

    total $147,992 · program services $56,271 · management and general $91,721

  • 12 · Advertising and promotion

    total $61,035 · program services $61,035

  • 13 · Office expenses

    total $209,187 · program services $46,967 · management and general $162,220

  • 14 · Information technology

    total $60,887 · program services $3,900 · management and general $56,987

  • 16 · Occupancy

    total $424,169 · program services $292,231 · management and general $131,938

  • 17 · Travel

    total $23,936 · program services $7,252 · management and general $16,684

  • 19 · Conferences, conventions and meetings

    total $536,685 · program services $508,309 · management and general $28,376

  • 20 · Interest

    total $12,299 · management and general $12,299

  • 22 · Depreciation, depletion and amortization

    total $162,448 · program services $111,919 · management and general $50,529

  • 24a · Other expenses: PROFESSIONAL DEVELOPMENT

    total $113,234 · program services $68,814 · management and general $44,420

  • 24b · Other expenses: MISCELLANEOUS

    total $14,078 · program services $7,176 · management and general $6,902

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $975,732 · end of year $643,203

  • 4 · Accounts receivable

    beginning of year $67,125 · end of year $427,530

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,088 · end of year $65,448

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

    $1,324,834

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

    $702,727

  • 10c · Land, buildings and equipment, net

    beginning of year $669,139 · end of year $622,107

  • 11 · Investments: publicly traded securities

    beginning of year $990,670 · end of year $869,298

  • 15 · Other assets

    end of year $3,903,693

  • 17 · Accounts payable and accrued expenses

    beginning of year $251,298 · end of year $211,497

  • 19 · Deferred revenue

    beginning of year $1,089,726 · end of year $1,298,023

  • 23 · Secured mortgages and notes payable

    beginning of year $476,165 · end of year $349,590

  • 25 · Other liabilities

    beginning of year $234,585 · end of year $4,182,941

  • 27 · Net assets without donor restrictions

    beginning of year $699,980 · end of year $384,513

  • 28 · Net assets with donor restrictions

    end of year $104,715

Mission and programs · 2022

Mission

TO INITIATE, ADVOCATE AND EMPOWER OUR REGION TO ADVANCE A PROSPEROUS BUSINESS ENVIRONMENT.

  • N/A

As filed on the 2022 return.

Listed in Part VII

  • Thomas Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Janet Bates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Reid Boehm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Boor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Botzis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Willis Cantey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paige Carlton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gary Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dondi Costin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stacy Cozad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Dawley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carter Deupree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Trent Drafts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Herbert Drayton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Eckard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Open Seat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rachael Georgas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Ginn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Henry Givens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Vanessa Gongora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Darrin Goss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Katie Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Hills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Candice Hudnall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Kopanski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jaymes McCloud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John McElwaine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Mungo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Munn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Myrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Shipe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ida Stahl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melanie Stith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joe Waring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barry Whalen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jacob Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Zaas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Burwell

    BAC CHAIR

    Total calculated
    $0
    Hours/week
    1.4
  • Jon Clark

    CYP CHAIR

    Total calculated
    $0
    Hours/week
    1.4
  • Mamie Bush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tammy Coghill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Dilisi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Peter Lamotte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Natasha Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christina Lock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Annekathrin Mueller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bob Nuttall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt O'Neill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Josh Sorkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dave Stasiukaitis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bobby Teachey II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jordi Yarborough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maggie Wickey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melonie Hammond-Trace

    PAC CHAIR

    Total calculated
    $0
    Hours/week
    1.4
  • Matt Brewer

    RPC CHAIR

    Total calculated
    $0
    Hours/week
    1.4
  • Jay Byars

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Howard Chapman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jenny Costa Honeycutt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Johnny Cribb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gregory Habib

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kaylan Koszela

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bryan Derreberry

    PRESIDENT AN

    Total calculated
    $367,896
    From this org
    $350,290
    From related orgs
    $0
    Other
    $17,606
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $306,987
    Bonus
    $43,303
    Other
    not reported
    Deferred
    $16,356
    Nontaxable benefits
    $1,250
    Filer's total
    $367,896
  • Laurie Carter

    SVP OF FIN &

    Total calculated
    $119,007
    From this org
    $110,445
    From related orgs
    $0
    Other
    $8,562
    Hours/week
    39.75 + 0.25 related
  • Barbara Stapleston

    VP OF TALENT

    Total calculated
    $106,425
    From this org
    $105,425
    From related orgs
    $0
    Other
    $1,000
    Hours/week
    40
  • Adrian Cain

    SENIOR VP OF

    Total calculated
    $179,774
    From this org
    $169,021
    From related orgs
    $0
    Other
    $10,753
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $169,021
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,753
    Nontaxable benefits
    not reported
    Filer's total
    $179,774
  • Scott Barhight

    SVP OF GOV R

    Total calculated
    $126,544
    From this org
    $121,674
    From related orgs
    $0
    Other
    $4,870
    Hours/week
    40
  • Kelly Killeen-Haupt

    DIR MEMBERSH

    Total calculated
    $137,651
    From this org
    $127,452
    From related orgs
    $0
    Other
    $10,199
    Hours/week
    40
  • Justin Lee

    SVP OF MEMBE

    Total calculated
    $131,989
    From this org
    $127,975
    From related orgs
    $0
    Other
    $4,014
    Hours/week
    40
  • Kyra Morris

    CHAIR

    Total calculated
    $0
    Hours/week
    1.4 + 0.1 related
  • Joe Grech

    CHAIRMAN-ELE

    Total calculated
    $0
    Hours/week
    1.4 + 0.1 related
  • Marc Marchant

    PAST CHAIRMA

    Total calculated
    $0
    Hours/week
    1.4 + 0.1 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations 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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349308112

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