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Nonprofiteer
← GREATER MYRTLE BEACH COLLABORATIVE

Form 990 for tax year 2024

Filed by GREATER MYRTLE BEACH COLLABORATIVE.

Totals

Total revenue
$83,629,578
Total expenses
$82,447,130
Contributions and grants received
$74,364,870
Grants paid
$176,261
Program service revenue
$7,647,009
Investment income
$1,617,699
Other revenue
$0
Total assets, end of year
$41,157,347
Total liabilities, end of year
$27,338,510
Net assets or fund balances, end of year
$13,818,837
Program services expenses (Part IX)
$81,007,127
Management and general expenses
$1,440,003
Fundraising expenses
$0
Program service expenses (Part III)
$81,007,127

Program services were 98.3% 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.

  • 1e · Government grants (contributions)

    $74,364,870

  • 2a · Program service revenue: ADVERTISING

    total $4,838,896 · related or exempt $3,250,000 · unrelated business $1,588,896

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $2,274,105 · related or exempt $868,957 · unrelated business $1,405,148

  • 2c · Program service revenue: PROGRAMS AND EVENTS

    total $352,559 · related or exempt $352,559

  • 2d · Program service revenue: OTHER

    total $181,449 · related or exempt $181,449

  • 3 · Investment income

    total $1,005,872 · excluded $1,005,872

  • 4 · Income from investment of tax-exempt bond proceeds

    total $611,827 · excluded $611,827

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $176,261 · program services $176,261

  • 7 · Other salaries and wages

    total $4,459,099 · program services $3,766,349 · management and general $692,750

  • 8 · Pension plan contributions

    total $163,478 · program services $138,081 · management and general $25,397

  • 9 · Other employee benefits

    total $735,070 · program services $620,872 · management and general $114,198

  • 10 · Payroll taxes

    total $282,613 · program services $238,707 · management and general $43,906

  • 12 · Advertising and promotion

    total $70,285,671 · program services $70,285,671

  • 17 · Travel

    total $147,637 · program services $73,818 · management and general $73,819

  • 23 · Insurance

    total $95,617 · program services $69,801 · management and general $25,816

  • 24a · Other expenses: CONVENTION AND GROUP SA

    total $2,599,317 · program services $2,599,317

  • 24b · Other expenses: PUBLICATIONS

    total $1,409,319 · program services $1,409,319

  • 24c · Other expenses: PROGRAMS AND EVENTS

    total $746,004 · program services $746,004

  • 24d · Other expenses: OTHER

    total $616,666 · program services $308,332 · management and general $308,334

  • 24e · All other expenses

    total $730,378 · program services $574,595 · management and general $155,783

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $275 · end of year $275

  • 2 · Savings and temporary cash investments

    beginning of year $32,248,967 · end of year $22,944,794

  • 4 · Accounts receivable

    beginning of year $267,433 · end of year $395,420

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,280,952 · end of year $3,156,795

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

    $3,151,773

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

    $2,383,768

  • 10c · Land, buildings and equipment, net

    beginning of year $804,312 · end of year $768,005

  • 12 · Investments: other securities

    beginning of year $10,425,191 · end of year $12,945,225

  • 14 · Intangible assets

    beginning of year $727,083 · end of year $946,833

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,718,725 · end of year $4,627,539

  • 19 · Deferred revenue

    beginning of year $32,399,099 · end of year $22,710,971

  • 27 · Net assets without donor restrictions

    beginning of year $12,636,389 · end of year $13,818,837

Mission and programs · 2024

Mission

PROMOTE, PROTECT AND POSITIVELY IMPACT GRAND STRAND BUSINESSES AND ECONOMY.

Activities or mission (Part I)

THE ORGANIZATION PROMOTES, PROTECTS AND POSITIVELY IMPACTS ITS MEMBER BUSINESSES AND THE GRAND STRAND ECONOMY THROUGH A VARIETY OF ACTIVITIES AND PROGRAMS, INCLUDING ADVOCACY OF PUBLIC POLICY, TOURISM PROMOTION, DESTINATION ADVERTISING, DESTINATION BRANDING, BUSINESS PROMOTION, NETWORKING, LEADERSHIP DEVELOPMENT, BUSINESS TRAINING, CONVENTION/MEETING SALES, RESEARCH, BUSINESS SERVICES, JOB CREATION AND OTHER ACTIVITIES RELATED TO BUSINESS AND ECONOMIC DEVELOPMENT, AS IDENTIFIED IN ITS ORGANIZATIONAL MISSION STATEMENT.

  • PROMOTED THE GRAND STRAND AREA FOR THE BENEFIT OF ALL AREA BUSINESSES.

    Expenses $81,007,127

As filed on the 2024 return.

Listed in Part VII

  • Tracy Conner

    INTERIM PRESIDENT & CEO

    Total calculated
    $227,019
    From this org
    $227,019
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,077
    Bonus
    $49,442
    Other
    $4,500
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $227,019
  • John Rutenberg

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Ryan Swaim

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Scott Dietrich

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Chad Carlson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristen Call

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Hatton Gravely

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lori Heafner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jessica Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mayur Jeram

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ross Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Loos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patrick Norton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Shroff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bhumi Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tony Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Todd Setzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jay Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Radha Herring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Victoria Tobin

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Matt Klugman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Benson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sean Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Susan Cohen

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Jacob Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kelli Lane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Declan McGonigal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Randall McKeel

    CHIEF FINANCIAL OFFICER

    Total calculated
    $251,474
    From this org
    $221,354
    From related orgs
    $0
    Other
    $30,120
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,654
    Bonus
    $39,200
    Other
    $1,500
    Deferred
    $0
    Nontaxable benefits
    $30,120
    Filer's total
    $251,474
  • Stuart Butler

    CHIEF MARKETING OFFICER

    Total calculated
    $307,464
    From this org
    $268,463
    From related orgs
    $0
    Other
    $39,001
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $221,970
    Bonus
    $44,993
    Other
    $1,500
    Deferred
    $0
    Nontaxable benefits
    $39,001
    Filer's total
    $307,464
  • James Gray

    CHIEF ADVOCACY OFFICER

    Total calculated
    $179,939
    From this org
    $143,053
    From related orgs
    $0
    Other
    $36,886
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $116,553
    Bonus
    $25,000
    Other
    $1,500
    Deferred
    $0
    Nontaxable benefits
    $36,886
    Filer's total
    $179,939
  • Robert Harris

    EVP OF GROUP SALES

    Total calculated
    $238,169
    From this org
    $216,231
    From related orgs
    $0
    Other
    $21,938
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,231
    Bonus
    $37,000
    Other
    $1,000
    Deferred
    $0
    Nontaxable benefits
    $21,938
    Filer's total
    $238,169
  • Matthew Metzger

    VP OF HR & OPERATIONS

    Total calculated
    $164,033
    From this org
    $144,996
    From related orgs
    $0
    Other
    $19,037
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $118,996
    Bonus
    $25,000
    Other
    $1,000
    Deferred
    $0
    Nontaxable benefits
    $19,037
    Filer's total
    $164,033
  • Diane Charno

    EVP OF MARKETING & COMMUNICATIONS

    Total calculated
    $207,830
    From this org
    $173,404
    From related orgs
    $0
    Other
    $34,426
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $142,893
    Bonus
    $29,011
    Other
    $1,500
    Deferred
    $0
    Nontaxable benefits
    $34,426
    Filer's total
    $207,830
  • Cynthia Gettig

    EVP OF BUSINESS DEVELOPMENT

    Total calculated
    $177,493
    From this org
    $144,577
    From related orgs
    $0
    Other
    $32,916
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $118,077
    Bonus
    $25,000
    Other
    $1,500
    Deferred
    $0
    Nontaxable benefits
    $32,916
    Filer's total
    $177,493
  • Karen Riordan

    FORMER PRESIDENT & CEO

    Total calculated
    $421,439
    From this org
    $389,373
    From related orgs
    $0
    Other
    $32,066
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $329,431
    Bonus
    $49,442
    Other
    $10,500
    Deferred
    $0
    Nontaxable benefits
    $32,066
    Filer's total
    $421,439

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 · 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

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
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349301893

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