Civic Intelligence

Charleston Chamber Foundation

990 • Fiscal year 2020 • EIN 27-1199140

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

4922 Ohear Avenue Suite 101North Charleston, SC 29405

(843) 577-2510

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.36x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.28x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$262,656

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 127.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

76th percentile

40%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

100th percentile

38478%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$158,834

Up $45,000 (+40%) from 2019

Net Assets

Flat

$102,287

Flat from 2019

Liabilities

Up

$56,547

Up $45,000 (+390%) from 2019

Revenue

Up

$205,623

Up $205,090 (+38478%) from 2019

Expenses

Up

$205,623

Up $205,523 (+205523%) from 2019

Net Income

Down

$0

Down $433 (-100%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $124,400Liabilities 2011: $42,451Net Assets 2011: $81,9492011Assets 2012: $67,975Liabilities 2012: $0Net Assets 2012: $67,9752012Assets 2013: $39,888Liabilities 2013: $0Net Assets 2013: $39,8882013Assets 2014: $39,138Liabilities 2014: $0Net Assets 2014: $39,1382014Assets 2015: $249,257Liabilities 2015: $147,293Net Assets 2015: $101,9642015Assets 2016: $113,511Liabilities 2016: $11,547Net Assets 2016: $101,9642016Assets 2018: $140,901Liabilities 2018: $39,047Net Assets 2018: $101,8542018Assets 2019: $113,834Liabilities 2019: $11,547Net Assets 2019: $102,2872019Assets 2020: $158,834Liabilities 2020: $56,547Net Assets 2020: $102,2872020Assets 2021: $195,414Liabilities 2021: $81,580Net Assets 2021: $113,8342021Assets 2022: $425,785Liabilities 2022: $311,951Net Assets 2022: $113,8342022Assets 2023: $509,565Liabilities 2023: $321,346Net Assets 2023: $188,2192023Assets 2024: $1,013,344Liabilities 2024: $696,626Net Assets 2024: $316,7182024

Highlighted filing

2020

Assets$158,834
Liabilities$56,547
Net Assets$102,287

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $182,800Expenses 2011: $71,089Net Income 2011: $111,7112011Revenue 2012: $192,500Expenses 2012: $206,474Net Income 2012: -$13,9742012Revenue 2013: $112,500Expenses 2013: $140,500Net Income 2013: -$28,0002013Revenue 2014: $0Expenses 2014: $750Net Income 2014: -$7502014Revenue 2015: $336,579Expenses 2015: $273,753Net Income 2015: $62,8262015Revenue 2016: $162,358Expenses 2016: $162,358Net Income 2016: $02016Revenue 2018: $84,999Expenses 2018: $85,109Net Income 2018: -$1102018Revenue 2019: $533Expenses 2019: $100Net Income 2019: $4332019Revenue 2020: $205,623Expenses 2020: $205,623Net Income 2020: $02020Revenue 2021: $166,320Expenses 2021: $154,773Net Income 2021: $11,5472021Revenue 2022: $501,081Expenses 2022: $501,081Net Income 2022: $02022Revenue 2023: $2,215,144Expenses 2023: $2,297,645Net Income 2023: -$82,5012023Revenue 2024: $3,736,769Expenses 2024: $3,608,270Net Income 2024: $128,4992024

Highlighted filing

2020

Revenue$205,623
Expenses$205,623
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$205,623
Mission and Program Overview

Mission

To maximize our community's ability to take advantage of a once in a generation set of economic development and community advancement opportunities.

Lead>chs foundation supports the enrichment of the business environment of metro charleston through the talent, leadership and research initiatives of the charleston metro chamber.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$113,751$113,751→ $0
Cash and Non-Interest-Bearing Accounts$83$45,083▲ $45,000
Total Assets$113,834$158,834▲ $45,000
Liabilities
Deferred Revenue-$45,000-
Accounts Payable and Accrued Expenses$11,547$11,547→ $0
Total Liabilities$11,547$56,547▲ $45,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$102,287$102,287→ $0
Total Net Assets Fund Balance$102,287$102,287→ $0
Total Liabilities and Net Assets / Fund Balance$113,834$158,834▲ $45,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bryan DerreberryPresident an$262,656$262,656
Adrian CainExecutive Di$140,487$140,487
Laurie CarterSVP of Fin &$108,462$108,462

Board Members and Trustees

NameTitle
Willis CanteyChair
Melonie-hammond TracePast Chair
Bryan DerreberryPresident and CEO
Marc MarchantVice Chair
Bobby TeacheyDirector
Mamie BushDirector
Krya MorrisFinance Chai
Revenue and Support

Revenue Composition

Contributions and Grants
$205,623
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$167,554--$167,554
Other Expenses$33,350--$33,350
Conferences and Meetings$4,719--$4,719
Total Functional Expenses$205,623$0$0$205,623
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is provided to the board electronically prior to filing. Any changes noted are made before the return is issued.

Form 990, Page 6, Part VI, 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, Page 6, Part VI, Line 19

Governing documents are made available to the public for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Leadchs Foundation
EIN
27-1199140
Phone
8435772510
Address
4922 OHEAR AVENUE SUITE 101, NORTH CHARLESTON, SC 29405

Signing Officer

Name
Bryan Derreberry
Title
President and CEO
Phone
8438053038
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryan Derreberry
Formed
2008
Legal Domicile
Sc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Glaser and Company LLC
Address
1859 SUMMERVILLE AVE STE 800, CHARLESTON, SC 29405
Preparer
Erik M Glaser CPA
Phone
8438490179
Supplemental Narrative

Additional Explanations

Form 990, Part III

Page 2, part iii, line 4a - continued shaping students for success career academies look past the traditional learning environment, letting students experience our regions high-demand industries and gain valuable skills. Think beyond sitting in a desk, listening to yet another lecture. Rather students are engaged in projects, learning from industry professionals and exploring through capstone experiences. Career academy pathways are aligned with the talent demand study and are offered in high schools throughout the region. Business management computer science & it construction & trades engineering health hospitality manufacturing youth apprenticeships the charleston regional youth apprenticeship program is about advancing students career and college readiness in our regions high-demand jobs. Students gain knowledge and skills through both classroom and hands-on experience. The youth apprenticeship program is a collaboration between trident technical college, apprenticeship carolina, all the schools in our tri-county region and funding partners. The chamber, through the accelerate fund, is a founding funder and continues to support scholarships for tuition and supplies to help students enroll and complete their apprenticeships debt-free. Build a shed this past may, in the early morning hours, the exchange park filled with students and career-ready youth geared up to take home the trophy and the bragging rights at the 2nd annual build a shed competition. Participants had the opportunity to be a construction worker for a day and learn from experienced professionals coaching them on site. Teams were paired with contractors and instructed to build an 8' x 11' shed in seven hours with the same blueprint all while remaining safe, using materials efficiently and relying only on the contractors for guidance as the teams worked. Industry professionals judged, scoring the teams on technical, completeness and safety categories. Towards the end of the competition, something magical happened. These participants werent just becoming friends and true team players, they were excited and proud of the work they had done and were making strong relationships with the contractors and subcontractors that were mentoring them along the way. As young adults in their late teens and early twenties, its sometimes hard to see where life may take them. The experiences and the visibility that these participants were given through the build a shed competition helped almost the entire eckerd connects team earn full-time jobs with one of the contractors or roofers on site that day. These students also gained an osha 10 certification which teaches recognition, avoidance, abatement and prevention of safety and health hazards in the workplace.

Form 990, Part IX, Line 11G

Contract labor 167,554 0 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD ELECTRONICALLY PRIOR TO FILING. ANY CHANGES NOTED ARE MADE BEFORE THE RETURN IS ISSUED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR 167,554 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01859 SUMMERVILLE AVE STE 800
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIK M GLASER CPA
ReturnHeader/ReturnTs02021-11-11T10:59:08-06:00
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.70$0.32$3.74$3.61$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.51$0.32$0.19$2.22$2.30$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.43$0.31$0.11$0.50$0.50$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.08$0.11$0.17$0.15$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.16$0.06$0.10$0.21$0.21$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.10$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.04$0.10$0.08$0.09$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.10$0.16$0.16$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.25$0.15$0.10$0.34$0.27$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.11$0.14$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.19$0.21$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.04$0.08$0.18$0.07$0.11