Greater Greenville Chamber Of Commerce
- Assets
- $6.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Greenville, SC
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 57-0173240
Organization Overview
Greater Greenville Chamber Of Commerce is located in Greenville, SC. The organization was established in 1942. 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, Greater Greenville Chamber Of Commerce employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Greenville Chamber Of Commerce 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, Greater Greenville Chamber Of Commerce generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) 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
PROMOTE UPSTATE DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE UPSTATE BUSINESS DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Phillips President/ce | Officer | 40 | $301,524 |
Elizabeth Horton Senior VP | 40 | $141,769 | |
Jason Zacher Senior VP | 40 | $127,202 | |
Henry Hyatt Senior VP | 40 | $116,129 | |
Erwin Carter Director | Trustee | 1 | $0 |
Mark Farris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,145,739 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $387,900 |
| 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 | $1,533,639 |
| Total Program Service Revenue | $2,372,741 |
| Investment income | $52,250 |
| 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 | $3,999,191 |
| 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 | $1,793,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,266 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,000 |
| Office expenses | $14,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,295 |
| Insurance | $0 |
| All other expenses | $340,069 |
| Total functional expenses | $3,497,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,133,946 |
| Savings and temporary cash investments | $178,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $283,072 |
| 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 | $40,143 |
| Net Land, buildings, and equipment | $399,560 |
| Investments—publicly traded securities | $2,575,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,997,269 |
| Other assets | $0 |
| Total assets | $6,608,043 |
| Accounts payable and accrued expenses | $185,387 |
| Grants payable | $0 |
| Deferred revenue | $238,661 |
| 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 | $2,275,696 |
| Total liabilities | $2,699,744 |
| Net assets without donor restrictions | $3,908,299 |
| Net assets with donor restrictions | $0 |
| 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 | $6,608,043 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Greenville Chamber Of Commerce has recieved totaling $85,800.
| Awarding Organization | Amount |
|---|---|
Prisma Health Greenville, SC PURPOSE: OPERATIONAL/COMMUNITY ENGAGEMENT | $80,000 |
United Way Of Greenville County Incorporated Greenville, SC PURPOSE: DONOR DESIGNATION | $5,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Catapult Employers Association Inc Charlotte, NC | $29,062,151 | $11,591,592 |
Material Handling Industry Charlotte, NC | $47,683,626 | $9,373,813 |
North Carolina Association Of Raleigh, NC | $3,258,461 | $11,696,532 |
Midtown Business Association Inc Atlanta, GA | $4,952,556 | $10,845,776 |
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 |