Myrtle Beach Area Hospitality Association Inc is located in Myrtle Beach, SC. The organization was established in 1998. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Myrtle Beach Area Hospitality Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myrtle Beach Area Hospitality Association 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, Myrtle Beach Area Hospitality Association Inc generated $97.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $114.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
MEMBERSHIP SUPPORT THROUGH COMMUNICATIONS AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP COMMUNICATIONS AND ADVOCACY - SUPPORTING MEMBERS THROUGH EDUCATIONAL MEANS AND ADVOCACY IN THE LOCAL COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristin Call VP Comm Rela | Officer | $0 | |
Cory Cartwright VP Indusrty | Officer | $0 | |
Tiffany Davis Secretary | Officer | $0 | |
Mike Frits Chair Elect | Officer | $0 | |
Randy Deveaux Treasurer | Officer | $0 | |
Adam Townsend Chairman | Officer | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $72,396 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,364 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $73,760 |
Total Program Service Revenue | $5,642 |
Investment income | $127 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $18,220 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $97,749 |
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 | $80,745 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,361 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,665 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10,600 |
Advertising and promotion | $0 |
Office expenses | $43 |
Information technology | $519 |
Royalties | $0 |
Occupancy | $661 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,936 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,539 |
All other expenses | $0 |
Total functional expenses | $114,594 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $196,032 |
Savings and temporary cash investments | $81,748 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $277,780 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $277,780 |
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 | $277,780 |
Organization Name | Assets | Revenue |
---|---|---|
Myrtle Beach Area Chamber Of Commerce Myrtle Beach, SC | $40,830,987 | $59,150,520 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Charlotte Regional Realtor Association Inc Charlotte, NC | $53,438,404 | $12,494,849 |
Hilton Head Island Bluffton Chamber Of Commerce Hilton Head Island, SC | $3,721,536 | $8,774,772 |
North Carolina Association Of Realtors Inc Greensboro, NC | $31,160,587 | $11,391,480 |
The North Carolina Community Action Association Raleigh, NC | $4,811,006 | $8,169,285 |
Visitgreenville Sc Greenville, SC | $7,299,998 | $9,046,809 |
Raleigh Regional Association Of Realtors Inc Cary, NC | $11,211,879 | $6,674,452 |
Greater Raleigh Chamber Of Commerce Raleigh, NC | $8,171,303 | $6,316,198 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |
Economic Development Partnership Aiken, SC | $5,344,631 | $2,441,747 |