Little River Chamber Of Commerce And Visitors Center Inc
- Assets
- $195.8k
- Revenue
- $377.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Myrtle Beach, SC
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 01-0810218
Organization Overview
Little River Chamber Of Commerce And Visitors Center Inc is located in Myrtle Beach, SC. The organization was established in 2005. 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 12/2021, Little River Chamber Of Commerce And Visitors Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little River Chamber Of Commerce And Visitors Center Inc 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 12/2021, Little River Chamber Of Commerce And Visitors Center Inc generated $377.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $297.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. 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
TO PROMOTE LOCAL BUSINESSES, COMMERCE AND THE LITTLE RIVER, SC AREA THROUGH MEMBER SERVICES, ADVERTISING AND PROMOTION OF TOURISM, FESTIVALS, AND OTHER COMMUNITY EVENTS BY PROACTIVE LEADERSHIP AND COMMUNITY INVOLVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - PART OF THE CHAMBERS MISSION IS TO BE A COMMUNITY LEADER AND ASSIST IN THE ECONOMIC DEVELOPMENT OF THE REGION. THE BENEFITS OF MEMBERSHIP ARE BOTH DIRECT AND SIGNIFICANT WITH OPPORTUNITIES FOR ADVERTISING, NETWORKING, REFERRALS, PERSONAL AND BUSINESS PARTICIPATION. BUSINESS AFTER HOURS AND RIBBON CUTTING GRAND OPENING EVENTS ALLOW AREA MEMBERS TO SHOWCASAE THEIR BUSINESS TO THE LOCAL COMMUNITY AND FELLOW BUSINESSES FESTIVALS AND EVENTS - THE FILING ORGANIZATION HOSTS A VARIETY OF COMMUNITY BASED FESTIVALS AND EVENTS THROUGHOUT THE YEAR. THE SHRIMPFEST IS AN ANNUAL FESTIVAL WHICH ATTRACTS OVER 12000 - 15000 VISITORS. THE WORLD FAMOUS BLUE CRAB FESTIVAL IS AN ANNUAL FESTIVAL WHICH ATTRACTS PEOPLE FROM THE LOCAL AREA AS WELL AS TOURISTS IN THE GRAND STRAND AREA. THESE FESITVALS ALLOW FOR THE PROMOTION OF THE LITTLE RIVER AREA ADVERTISING AND PROMOTION OF TOURISM - PART OF THE MISSION OF THE LITTLE RIVER CHAMBER OF COMMERCE IS TO PROVIDE COMMUNITY LEADERSHIP THROUGH THE PROMOTION OF ECONOMIC DEVELOPMENT INCLUDING TOURISM. THIS IS ACCOMPLISHED THROUGH THE RESOURCES OF STATE AND LOCAL ACCOMODATION TAX (A-TAX) FUNDS RECEIVED FROM GOVERNMENT TO USE TOWARD ADVERTISING AND PROMOTION OF TOURISM IN VARIOUS MEDIA OUTLETS INCLUDING THE INTERNET. ADDITIONALLY, THE CHAMBER MAINTAINS A VISITORS CENTER WHERE INFORMATION IS DISPLAYED AND AVAILABLE TO THE GENERAL PUBLIC ABOUT TOURISM, CLUBS, ORGANIZATIONS, BUSINESS, INDUSTRY, RELOCATION AND GENERAL INFORMATION ABOUT LITTLE RIVER, SC AREA PLUS WHERE TO STAY, PLAY, SHOP AND DINE, ETC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Waters Chairman | Officer | 2 | $0 |
Jennifer Walters Presidentceo | Officer | 40 | $0 |
Sherri Crawford Director | Trustee | 2 | $0 |
Heide Mishoe Director | Trustee | 2 | $0 |
Carrie King Director | Trustee | 2 | $0 |
Jim Mcclean Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,153 |
| Fundraising events | $191,381 |
| Related organizations | $0 |
| Government grants | $99,015 |
| 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 | $344,549 |
| Total Program Service Revenue | $27,797 |
| Investment income | $328 |
| 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 | $377,755 |
| 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 | $110,909 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,546 |
| Payroll taxes | $10,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,559 |
| Office expenses | $4,407 |
| Information technology | $4,966 |
| Royalties | $0 |
| Occupancy | $32,308 |
| Travel | $2,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,558 |
| Interest | $180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,249 |
| All other expenses | $0 |
| Total functional expenses | $297,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,568 |
| 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 | $195,822 |
| Accounts payable and accrued expenses | $46,519 |
| 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 | $130,040 |
| Other liabilities | $0 |
| Total liabilities | $176,559 |
| Net assets without donor restrictions | $4,263 |
| Net assets with donor restrictions | $15,000 |
| 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 | $195,822 |
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