2024-10-04T13:42:19-05:00 2023-12-31 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2023-01-01 271199140 CHARLESTON CHAMBER FOUNDATION CHAR 8435772510 4922 OHEAR AVENUE 101 NORTH CHARLESTON SC 29405 BRYAN DERREBERRY PRESIDENT AND CEO 8435772510 2024-10-04 1 0 MICHELLE CHAPMAN CPA P01263095 8037995810 2024-09-27 2023 2024-10-15 13:58:12Z BRYAN DERREBERRY 4922 OHEAR AVENUE 101 NORTH CHARLESTON SC 29405 2215144 0 X WWW.CHARLESTONCHAMBER.ORG X 2008 SC CHARLESTON CHAMBER FOUNDATION SUPPORTS THE ENRICHMENT OF THE BUSINESS ENVIRONMENT OF METRO CHARLESTON THROUGH THE TALENT, LEADERSHIP AND RESEARCH INITIATIVES OF THE CHARLESTON METRO CHAMBER. 5 4 0 4 0 0 501081 2037291 0 177853 0 0 0 0 501081 2215144 0 0 0 0 0 435401 0 0 0 501081 1862244 501081 2297645 0 -82501 425785 509565 311951 321346 113834 188219 SEE SCHEDULE O. 0 0 2297645 177853 COMMUNITY ADVANCEMENT:LEADERSHIP | TALENT | DE&IPEOPLE ARE CORE TO OUR REGION'S PROSPERITY. THE CHAMBER'S COMMUNITY ADVANCEMENT TEAM CULTIVATES LEADERS TO STEP INTO OUR COMMUNITY'S GREATEST CHALLENGES AND WORKS ALONGSIDE OUR REGION'S EMPLOYERS AND EDUCATORS TO BUILD AND DEVELOP OUR WORKFORCE. OUR EFFORTS ARE ALL CENTERED AROUND ENSURING ECONOMIC MOBILITY FOR ALL.SEE SCHEDULE O. 2297645 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 SC X LAURIE CARTER 8435772510 4922 OHEAR AVENUE 101 NORTH CHARLESTON SC 29405 JOE GRECH CHAIR 1.00 1.00 X X 0 0 0 MATT BREWER CHAIR ELECT 1.00 1.00 X X 0 0 0 KYRA MORRIS IMMEDIATE PAST CHAIR 1.00 1.00 X X 0 0 0 ELIZABETH BURWELL FINANCE COMMITTEE CHAIR 1.00 1.00 X X 0 0 0 BRYAN DERREBERRY BOARD DIRECTOR 5.00 40.00 X X 0 357380 37849 0 357380 37849 0 0 1 0 0 1333791 703500 2037291 SPONSORSHIP 561499 177853 177853 177853 2215144 177853 0 0 X 371954 371954 9661 9661 28598 28598 25188 25188 1088667 1088667 3789 3789 15279 15279 280503 280503 1063 1063 5481 5481 36766 36766 9698 9698 3007 3007 2820 2820 SUBAWARD 260279 260279 INDIRECT COSTS 81855 81855 PROGRAM EXPENSES 32878 32878 EVENT 26957 26957 13202 13202 2297645 2297645 0 0 325967 136070 98526 373495 1292 0 425785 509565 87051 72317 224900 249029 311951 321346 X 113834 83 0 188136 113834 188219 425785 509565 -82501 156886 0 X X 0 1 X 1 1 1 X X X 1 CHARLESTON METRO CHAMBER OF COMMERCE 570138852 10 1 1088667 0 1 1088667 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B THE SUPPORTED ORGANIZATION IS EXEMPT UNDER 501(C)(6), AND CAN BE SUPPORTED BY A SUPPORTED ORGANIZATION. PART IV, SECTION A, LINE 3C THE FOUNDATION REVIEWS THE FORM 990 AND MEETS WITH MANAGEMENT OF THE SUPPORTED ORGANIZATION IN ORDER TO ENSURE THE SUPPORT TEST WAS SATISFIED AND THAT SUPPORT WAS USED APPROPRIATELY UNDER SECTION 170(C)(2)(B). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE (TO) FROM RELATED PARTIES 249029 249029 X PART X, LINE 2: THE CHARLESTON METRO CHAMBER OF COMMERCE, INC. IS A NONPROFIT ORGANIZATION THAT IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE CHARLESTON CHAMBER FOUNDATION IS A NONPROFIT ORGANIZATION THAT IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATIONS MAY BE SUBJECT TO INCOME TAXES ON ANY UNRELATED BUSINESS INCOME DEPENDENT ON THE NATURE OF ACTIVITIES FROM YEAR TO YEAR. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CHAMBER AND ITS SUBSIDIARY AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE CHAMBER AND ITS SUBSIDIARY ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE CHAMBER AND SUBSIDIARY FILE FORM 990'S IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF SOUTH CAROLINA. X X X 0 0 0 0 0 0 0 0 0 BRYAN DERREBERRY BOARD DIRECTOR 0 299099 0 41481 0 16800 0 16673 0 21176 0 395229 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE RELATED ENTITY, CHARLESTON METRO CHAMBER OF COMMERCE PERFORMS ANNUAL MANAGEMENT SERVICES FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD ELECTRONICALLY PRIOR TO FILING. ANY CHANGES ARE MADE BEFORE THE RETURN IS ISSUED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MAINTAINS A HIGH LEVEL OF TRANSPARENCY STARTING WITH COMMUNICATING THE IMPORTANCE OF DISCLOSURE OF SUCH ACTIVITIES TO NEW AND EXISTING BOARD MEMBERS. ANNUAL DECLARATIONS ARE RECEIVED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS THE POSITIONS, BONUSES AND PAY RAISES OR ADJUSTMENTS. THE COMMITTEE IS MADE UP OF (4) KEY MEMBERS OF OUR VOLUNTEER LEADERSHIP, INCLUDING THE CHAIRMAN, AND THE IMMEDIATE PAST CHAIRMAN. THE COMPENSATION IS BENCHMARKED ON JOB DUTIES AND RESPONSIBILITIES TO LOCAL MARKET RATES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 280,503. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 280,503. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART III: A SUPPORTING ORGANIZATION OF THE CHAMBER, THE CHARLESTON CHAMBER FOUNDATION ADVANCES THE CHARLESTON REGION'S COMMUNITY THROUGH KEY INITIATIVES THAT ADDRESS OUR CRITICAL CHALLENGES. THE FOUNDATION IS ALIGNED TO MAXIMIZE OUR COMMUNITY'S ABILITY TO TAKE ADVANTAGE OF A ONCE-IN-A-GENERATION SET OF ECONOMIC DEVELOPMENT AND COMMUNITY ADVANCEMENT OPPORTUNITIES FOCUSED TO STRENGTHEN THE CHARLESTON REGION AS A GLOBALLY COMPETITIVE METRO. A PRIMARY FOCUS OF THE FOUNDATION'S WORK IS DELIVERED IN ITS EFFORTS IN TALENT PIPELINE DEVELOPMENT AND HOUSING ATTAINABILITY. FORM 990, PART III, LINE 4A: PAGE 2, PART III, LINE 4A - CONTINUED OUR REGION IS FILLED WITH BRIGHT LEADERS WHO WANT TO CREATE CHANGE AND MAKE OUR REGION THE BEST IT CAN BE. THROUGH OUR DIVERSITY, EQUITY AND INCLUSION WORK, LEADERSHIP DEVELOPMENT, INFORMATIVE PROGRAMS AND TALENT INITIATIVES, WE ARE FUELING LEADERS WITH THE INFORMATION, ACCESS AND RESOURCES THEY NEED TO ADVANCE OUR REGION. WE USE A REGIONAL AND INCLUSIVE APPROACH, BECAUSE WE ARE BETTER AND STRONGER TOGETHER. LEADERSHIP DEVELOPMENT FOR OUR COMMUNITY AND BUSINESSES TO PROSPER, WE NEED EMPOWERED LEADERS TO DRIVE SOLUTIONS AND CREATE CHANGE. WE CULTIVATE AND EQUIP LEADERS WITH THE SKILLS AND KNOWLEDGE TO MAKE MEANINGFUL IMPACTS ON OUR COMMUNITY. THE CHAMBER OFFERS LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR ANY STAGE OF YOUR CAREER. WHETHER YOU ARE A YOUNG PROFESSIONAL OR SEASONED EXECUTIVE, OUR PROGRAMS WILL PROVIDE YOU WITH THE INFORMATION AND RESOURCES TO TAKE YOUR CAREER TO THE NEXT LEVEL. THROUGH COMMUNITY AWARENESS, EDUCATION AND HANDS-ON EXPERIENCE, OUR LEADERSHIP PROGRAMS AIM TO PROVIDE THE REGION WITH AN ONGOING SOURCE OF LEADERS THAT ARE PREPARED AND COMMITTED TO SERVE AS CATALYSTS OF POSITIVE CHANGE IN OUR REGION. CHARLESTON YOUNG PROFESSIONALS WHERE EMERGING LEADERS CONNECT CHARLESTON YOUNG PROFESSIONALS (CYP) WAS CREATED AS AN ARM OF THE CHAMBER TO ATTRACT, RETAIN AND DEVELOP YOUNG PROFESSIONALS IN THE CHARLESTON REGION. CYP IS A 1000+ MEMBER-STRONG ORGANIZATION THAT IS WIDELY RECOGNIZED AS AN ACTION-ORIENTED POWERHOUSE OF THE REGION'S UP AND COMING YOUNG LEADERS. TALENT GROWING OUR REGION'S TALENT PIPELINE A REGION THRIVES WHEN ITS PEOPLE HAVE THE WORKFORCE SKILLS THAT MATCH THE NEEDS OF ITS EMPLOYERS. THE CHAMBER'S TALENT TEAM SERVES AS A REGIONAL CONVENER, CREATING BUSINESS AND EDUCATION PARTNERSHIPS THROUGH COLLABORATIVE AND EQUITABLE INITIATIVES. EMPLOYER-LED NEEDS ASSESSMENTS GUIDE OUR EFFORTS TO CULTIVATE RELATIONSHIPS, EDUCATE ON BEST PRACTICES AND DEVELOP OUR CURRENT AND FUTURE EMPLOYEES. OUR COUNTRY IS CURRENTLY FACING A TALENT CRISIS AND EMPLOYERS NEED TO KNOW HOW THEY ARE GOING TO BOTH RECRUIT AND RETAIN THEIR WORKFORCE. THE CHAMBER SERVES AS A THOUGHT LEADER IN BRINGING OUR MEMBERS THE LATEST TRENDS, RESOURCES AND DATA TO INFORM YOUR TALENT DECISIONS. DIVERSITY, EQUITY & INCLUSION CREATING EQUITABLE OPPORTUNITIES FOR ALL THE CHAMBER IS COMMITTED TO CREATING A REGION WHERE EVERYONE HAS THE OPPORTUNITY TO LIVE, LEARN AND EARN. DIVERSE AND INCLUSIVE WORKFORCES THRIVE, FOSTERING CREATIVITY, INNOVATION AND LOYALTY. ADDRESSING DISPARITIES AND BUILDING EQUITABLE OPPORTUNITIES WILL LIFT UP OUR ENTIRE REGION. WE ARE CHALLENGED TO HAVE COURAGEOUS CONVERSATIONS, TO LISTEN AND LEARN, WELCOME DIFFERENCES WHILE EXPLORING SIMILARITIES AND CREATE A SENSE OF BELONGING FOR ALL, NOT JUST SOME. WHILE WE CONTINUE TO WEAVE DIVERSITY, EQUITY AND INCLUSION INITIATIVES WITHIN OUR ORGANIZATION, WE ARE ALSO PROUD TO SERVE AS A CATALYST AND CONVENER FOR REGIONAL BUSINESSES, PROVIDING THE TOOLS, RESOURCES AND INFORMATION YOU NEED TO DRIVE YOUR OWN DE&I INITIATIVES. GOVERNMENT RELATIONS: ADVOCATING FOR A THRIVING COMMUNITY THRIVING COMMUNITIES DON'T JUST HAPPEN. RATHER, THEY ARE THE RESULT OF SMART PLANNING, COLLABORATION AND DEDICATION TO DRIVING SOLUTIONS. THE CHAMBER'S GOVERNMENT RELATIONS TEAM WORKS TIRELESSLY TO INFORM THE COMMUNITY AND OUR MEMBERS ABOUT CURRENT ISSUES, GIVE ACCESS TO ELECTED LEADERS IN OUR COMMUNITY AND ADVOCATE FOR OUR REGION'S BUSINESS COMMUNITY - ALL SO THE COLLECTIVE VOICE OF REGIONAL BUSINESSES ARE HEARD. OUR TEAM ADVOCATES AT THE LOCAL, STATE AND FEDERAL LEVELS AND TAKES A PROACTIVE AND COLLABORATIVE APPROACH TO TACKLING OUR REGION'S GREATEST CHALLENGES. HOUSING ATTAINABILITY WHILE CHARLESTON RANKS THE NUMBER ONE CITY IN THE U.S. TO VISIT BY TRAVEL + LEISURE'S WORLD'S BEST AWARDS, IT FAILS TO PAINT THE PICTURE THAT MANY LOCALS ARE FACED WITH - A CRIPPLING HOUSING CRISIS. WITH AN ESTIMATED 89,600 FAMILIES IN THE REGION SPENDING MORE THAN 30 PERCENT OF THEIR INCOME ON HOUSING, THERE IS A CLEAR NEED FOR A REGIONAL EFFORT AND PUSH TO MEET THE NEEDS. WE RECOGNIZE THAT THE COST AND AVAILABILITY OF HOUSING ISN'T JUST AFFECTING ONE GROUP OF PEOPLE, IT IS IMPACTING EMPLOYERS AND EMPLOYEES OF ALL DIFFERENT BACKGROUNDS AND INDUSTRY SECTORS. TO ACCOMMODATE PROJECTED GROWTH AND ALLOW BUSINESSES TO THRIVE, OUR REGION NEEDS MORE HOUSING SUPPLY, MORE CHOICES, BETTER PROXIMITY TO TRANSIT AND JOB CENTERS, AND MORE ATTAINABLE OPTIONS AT EVERY INCOME LEVEL. WE KNOW WE HAVE A LONG WAY TO GO BEFORE HOUSING IS ACCESSIBLE TO ALL, BUT WE WILL CONTINUE TO KEEP IT AT THE TOP OF OUR PRIORITY LIST. CHARLESTON METRO CHAMBER OF COMMERCE 4922 OHARE AVENUE NORTH CHARLESTON SC 29403 570138852 CHAMBER SC 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 CHARLESTON METRO CHAMBER OF COMMERCE P 1088667 FAIR MARKET VALUE