Civic Intelligence

Beaufort Regional Chamber of Commerce

990 • Fiscal year 2016 • EIN 57-0296095

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 20, 2017

PO Box 910Beaufort, SC 29901-0910

(843) 986-8500

Siviq Scores

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

Liabilities / Assets

66th percentile

0.31x

Higher debt load relative to assets than 66% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.18x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

43rd percentile

1.7%

Higher net margin than 43% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

60th percentile

6.4%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

69th percentile

8.6%

Faster revenue growth than 69% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$771,427

Up $46,184 (+6.4%) from 2015

Net Assets

Up

$530,173

Up $22,557 (+4.4%) from 2015

Liabilities

Up

$241,254

Up $23,627 (+11%) from 2015

Revenue

Up

$1,323,540

Up $104,773 (+8.6%) from 2015

Expenses

Up

$1,300,987

Up $151,167 (+13%) from 2015

Net Income

Down

$22,553

Down $46,394 (-67%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $857,228Liabilities 2010: $475,656Net Assets 2010: $381,5722010Assets 2011: $798,689Liabilities 2011: $310,882Net Assets 2011: $487,8072011Assets 2012: $650,826Liabilities 2012: $202,005Net Assets 2012: $448,8212012Assets 2013: $855,043Liabilities 2013: $462,027Net Assets 2013: $393,0162013Assets 2014: $732,731Liabilities 2014: $294,062Net Assets 2014: $438,6692014Assets 2015: $725,243Liabilities 2015: $217,627Net Assets 2015: $507,6162015Assets 2016: $771,427Liabilities 2016: $241,254Net Assets 2016: $530,1732016Assets 2017: $837,805Liabilities 2017: $282,967Net Assets 2017: $554,8382017Assets 2018: $759,243Liabilities 2018: $173,130Net Assets 2018: $586,1132018Assets 2019: $280,243Liabilities 2019: $150,364Net Assets 2019: $129,8792019Assets 2020: $299,911Liabilities 2020: $139,477Net Assets 2020: $160,4342020Assets 2021: $347,170Liabilities 2021: $155,351Net Assets 2021: $191,8192021Assets 2022: $253,359Liabilities 2022: $191,195Net Assets 2022: $62,1642022Assets 2023: $312,451Liabilities 2023: $218,652Net Assets 2023: $93,7992023Assets 2024: $410,044Liabilities 2024: $230,944Net Assets 2024: $179,1002024Assets 2025: $572,765Liabilities 2025: $217,026Net Assets 2025: $355,7392025

Highlighted filing

2016

Assets$771,427
Liabilities$241,254
Net Assets$530,173

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,067,8772010Expenses 2011: $1,353,4182011Expenses 2012: $1,469,6822012Expenses 2013: $1,626,0262013Revenue 2014: $1,486,114Expenses 2014: $1,440,469Net Income 2014: $45,6452014Revenue 2015: $1,218,767Expenses 2015: $1,149,820Net Income 2015: $68,9472015Revenue 2016: $1,323,540Expenses 2016: $1,300,987Net Income 2016: $22,5532016Revenue 2017: $1,428,571Expenses 2017: $1,403,906Net Income 2017: $24,6652017Revenue 2018: $1,465,125Expenses 2018: $1,433,850Net Income 2018: $31,2752018Revenue 2019: $628,027Expenses 2019: $705,536Net Income 2019: -$77,5092019Revenue 2020: $472,149Expenses 2020: $441,594Net Income 2020: $30,5552020Revenue 2021: $428,595Expenses 2021: $397,210Net Income 2021: $31,3852021Revenue 2022: $426,432Expenses 2022: $556,087Net Income 2022: -$129,6552022Revenue 2023: $685,456Expenses 2023: $653,821Net Income 2023: $31,6352023Revenue 2024: $664,944Expenses 2024: $552,652Net Income 2024: $112,2922024Revenue 2025: $677,180Expenses 2025: $500,541Net Income 2025: $176,6392025

Highlighted filing

2016

Revenue$1,323,540
Expenses$1,300,987
Net Income$22,553
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 20, 2017
Return Version
2015v3.0
Gross Receipts
$1,332,208
Mission and Program Overview

Mission

Our mission is to manage and build capacity for continual community growth by advocating for a pro-business environment and building workforce to enrich the region's quality of life. The chamber is a member organization whose purpose is to advance the general welfare and prosperity of the beaufort region so that citizens and all areas of the business community shall prosper. All necessary means of promotion shall be provided and particular attention and emphasis shall be given to the economic, civic, commercial, cultural, industrial, military, tourism and education interests of the area.

The beaufort regional chamber of commerce exists to manage and build capacity for continual community growth by advocating for a pro-business environment in order to enrich the region's quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$470,346$537,703▲ $67,357
Accounts Receivable$145,749$139,322▼ $6,427
Land, Buildings, and Equipment, Net$100,501$88,824▼ $11,677
Inventories for Sale or Use$5,043$4,099▼ $944
Prepaid Expenses and Deferred Charges$3,602$1,479▼ $2,123
Total Assets$725,241$771,427▲ $46,186
Liabilities
Deferred Revenue$166,970$132,876▼ $34,094
Accounts Payable and Accrued Expenses$50,651$108,378▲ $57,727
Total Liabilities$217,621$241,254▲ $23,633
Net Assets / Fund Balance
Unrestricted Net Assets$285,590$292,193▲ $6,603
Temporarily Rstr Net Assets$222,030$237,980▲ $15,950
Total Net Assets Fund Balance$507,620$530,173▲ $22,553
Total Liabilities and Net Assets / Fund Balance$725,241$771,427▲ $46,186

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$88,824$128,926$217,750
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leigh CopelandChair Elect
Jim WegmannChairman
Ben DuncanDirector
Charlie WilliamsDirector
Chip DinkinsDirector
Christian KataDirector
Frank LesesneDirector
Jay TaylorDirector
John DickersonDirector
Kevin DukesDirector
Malcolm GoodridgeDirector
Mary Ann ThomasDirector
Susan SauerDirector
Terrance GreenDirector
Tina GentryDirector
Cliff MrkvickaDirector at
Edward DukesTourism Advi
Whitney McdanielTreasurer
Karen GilbertWorkforce De
Revenue and Support

Revenue Composition

Contributions and Grants
$1,041,118
Program Service Revenue
$170,296
Investment Income
$532
Other Revenue
$111,594
All Other Contributions
$85
Change in Net Assets
$22,553

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,272,263
Revenue Not Reported on Financial Statements
$51,277
Other Revenue Adjustments
$51,277
Total Revenue per Audited Statements
$1,272,263
Total Revenue per Form 990
$1,323,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$755,900
Salaries, Compensation, and Employee Benefits$545,087
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$459,578
Advertising---$306,548
All Other Expenses---$96,969
Fees for Services Other---$92,049
Office Expenses---$55,941
Payroll Taxes---$41,209
Other Employee Benefits---$30,318
Other Expenses---$23,742
Travel---$19,156
Depreciation Depletion---$15,487
Pension Plan Contributions---$13,982
Occupancy---$12,000
Interest---$7,966
Conferences and Meetings---$6,810
Insurance---$6,433
Total Functional Expenses$0$0$0$1,300,987

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,300,987
Expenses per Audited Statements$1,249,710
Total Expenses per Audited Statements$1,249,710
Expenses Not Reported on Financial Statements$51,277
Other Expense Adjustments$51,277
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
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
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The president provides copies of form 990 to the finance & audit committee for their review. The president, then, sends a copy of the form 990 to the board of directors prior to filing the return. Form 990, part vi, line 15a - compensation process for top official: top management's salary is approved by the board of directors. The human resources committee sets the goals for the president and conducts a performance review no less than once a year. The human resources committee consists of the chair, past chair, chair-elect, treasurer, and the director-at-large.

Form 990, Page 6, Part VI, Line 15A

Top management's salary is approved by the board of directors. An hr committee of the board conducts an annual review of the executive director, and makes salary recommendations based on their review.

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST.

Filing and Contact Details

Filer

Filer Name
Beaufort Regional Chamber
EIN
57-0296095
Phone
8439868500
Address
PO BOX 910, BEAUFORT, SC 29901-0910

Signing Officer

Name
Blakely Williams
Title
President/CEO
Phone
8439865400
Signed
2017-03-20
Discuss with paid preparer
Yes

Organization Details

Formed
1964
Legal Domicile
Sc
Voting Board Members
19
Independent Board Members
19
Employees
26
Volunteers
31

Preparer

Firm
Crowley Wechsler & Associates LLC
Address
1411 QUEEN STREET, BEAUFORT, SC 29902
Preparer
Richard D Crowley CPA
Phone
8433791065
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to manage and build capacity for continual community growth by advocating for a pro-business environment and building workforce to enrich the region's quality of life. The chamber is a member organization whose purpose is to advance the general welfare and prosperity of the beaufort region so that citizens and all areas of the business community shall prosper. All necessary means of promotion shall be provided and particular attention and emphasis shall be given to the economic, civic, commercial, cultural, industrial, military, tourism and education interests of the area.

Form 990, Page 2, Part III, Line 4C

Targeting conversions from the marketing campaign, and ultimately resulting in increased occupancy and accommodations tax funding. This goal takes into consideration the unique lodging offerings of our destination, economic conditions and gas prices - as we are a heavy drive market - as well as average daily rates and other lifestyle contributors. Campaign tactics: integrated campaign to include paid media, print, online, outdoor, social media and public relations. We will continue to build on the momentum from our 2013-2014 marketing campaign. The responses indicate this campaign delivered some great returns. With the success of this past year's campaign, continuing that momentum in an ongoing advertising campaign is essential in fulfilling our mission by continuing to strategically grow the beaufort area's tourism industry. Our research continues to indicate the top four interest areas that captivate visitors throughout northern beaufort county are history, arts, cuisine & outdoor adventure. The "enrichment campaign" allows us to target our core demographic with the appropriate creative. We will implement the various advertising tactics listed below that have proven effective for our core target audiences: "online (both search and web banners) "print media (including implementation of qr codes for younger demographic) "billboards "social media

Form 990, Page 2, Part III, Line 4D

Promotion of commerce in beaufort, south carolina

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

See explanation in part xiii 51,277

Schedule D, Page 4, Part XII, Line 4B

See explanation in part xiii 51,277

Schedule D, Page 4, Part XIII

The military enhancement committee of beaufort county is established as an auxiliary committee of the beaufort regional chamber of commerce to enhance the quality and value of the military installations of beaufort county and to lay the framework to defend these three military bases with regard to any threats, including base realignments and closures; and to establish procedures and contingency plans in the event one or more of these military installations is closed or realigned. The mec shall remain established by the beaufort regional chamber of commerce board to address community concerns and activities regarding future bracs or any other occurrences of possible reductions, additions or changes of mission with any of the military installations. The chamber employs a team of professionals that assists the mec with fulfilling the mission. A portion of mec funds is transferred to the chamber operations for this purpose. Part xi and part xii other reconiliation items - 51,277 the majority of the revenue is related to our civitas awards for business excellence event. The latin word "civitas" means "the condition of the citizenship." the beaufort regional chamber of commerce annually recognizes businesses, individuals and organization deemed exemplary in our region through our civitas awards. The chamber celebrates leadership formally through 13 awards: tourism leadership, outstanding employee, outstanding lowcountry young professional, outstanding leadership beaufort alumni, outstanding non profit, community stewardship, excellence in free enterprise, regional economic impact, junior enlisted service member, non commissioned officer, military citizenship, lifetime of leadership and the pat conroy palmetto achievement award.

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IRS990/Form990PartVIISectionAGrp/TitleTxt16WORKFORCE DE
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IRS990/MissionDesc0OUR MISSION IS TO MANAGE AND BUILD CAPACITY FOR CONTINUAL COMMUNITY GROWTH BY ADVOCATING FOR A PRO-BUSINESS ENVIRONMENT AND BUILDING WORKFORCE TO ENRICH THE REGION'S QUALITY OF LIFE. THE CHAMBER IS A MEMBER ORGANIZATION WHOSE PURPOSE IS TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE BEAUFORT REGION SO THAT CITIZENS AND ALL AREAS OF THE BUSINESS COMMUNITY SHALL PROSPER. ALL NECESSARY MEANS OF PROMOTION SHALL BE PROVIDED AND PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO THE ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDUSTRIAL, MILITARY, TOURISM AND EDUCATION INTERESTS OF THE AREA.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE BEAUFORT REGIONAL CHAMBER OF COMMERCE EMPLOYS A PROFESSIONAL STAFF TEAM. THE BEAUFORT REGIONAL CHAMBER OF COMMERCE EMPLOYS A PRESIDENT/CEO, VICE PRESIDENT OF TOURISM, BUSINESS DEVELOPMENT MANAGER, ACCOUNT EXECUTIVE, OFFICE ASSISTANT, MEMBER SERVICES MANAGER, COMMUNICATIONS/MILITARY AFFAIRS MANAGER, ACCOUNTING MANAGER, VISITOR CENTER MANAGER AS WELL AS SEVERAL INFORMATION COORDINATORS THAT WORK PART TIME IN OUR VISITORS CENTER. THIS PROFESSIONAL TEAM IS CHARGED WITH FULFILLING THE CHAMBER'S MISSION AND WORKING TO MAKE THE BEAUFORT REGION THE PREFERRED COMMUNITY TO INVEST, PROSPER AND ENJOY.
IRS990/ProgSrvcAccomActy3Grp/Desc0IN AN EFFORT TO FURTHER SUPPORT THE MISSION OF THE ORGANIZATION, ONGOING MARKETING AND ADVERTISING EFFORTS ARE ESSENTIAL IN PROMOTING OUR DESTINATION AND CAPITALIZING ON THE FOUNDATION AND THE EFFORTS CURRENTLY IN PROGRESS. A CONTINUOUS MARKETING CAMPAIGN WOULD ENCOURAGE TRAVEL. UNINCORPORATED BEAUFORT COUNTY, INCLUDING THE SEA ISLANDS, AND THE TOWN OF PORT ROYAL, SHOW AN INCREASE YOY BY ABOUT 5% WITH TAXES PAID THROUGH VACATION RENTAL PROPERTIES. THE CITY OF BEAUFORT ALONE HAS SEEN DOUBLE DIGIT GROWTH (11% YOY) IN BOTH ACCOMMODATIONS AND HOSPITALITY TAX REVENUES. THIS DATA RICHLY PROVES THAT THE STRATEGIC DIRECTION PREVIOUSLY SET FORTH IS WELL-FOUNDED. THE GOAL IS TO GENERATE LEADS, WITH AN UNDERTONE OF BRAND AWARENESS, THUS TARGETING CONVERSIONS FROM THE MARKETING CAMPAIGN, AND ULTIMATELY RESULTING IN INCREASED OCCUPANCY AND ACCOMMODATIONS TAX FUNDING. THIS GOAL TAKES INTO CONSIDERATION THE UNIQUE LODGING OFFERINGS OF OUR DESTINATION, ECONOMIC CONDITIONS AND GAS PRICES - AS WE ARE A HEAVY DRIVE MARKET - AS WELL AS AVERAGE DAILY RATES AND OTHER LIFESTYLE CONTRIBUTORS. CAMPAIGN TACTICS: INTEGRATED CAMPAIGN TO INCLUDE PAID MEDIA, PRINT, ONLINE, OUTDOOR, SOCIAL MEDIA AND PUBLIC RELATIONS. WE WILL CONTINUE TO BUILD ON THE MOMENTUM FROM OUR 2013-2014 MARKETING CAMPAIGN. THE RESPONSES INDICATE THIS CAMPAIGN DELIVERED SOME GREAT RETURNS. WITH THE SUCCESS OF THIS PAST YEAR'S CAMPAIGN, CONTINUING THAT MOMENTUM IN AN ONGOING ADVERTISING CAMPAIGN IS ESSENTIAL IN FULFILLING OUR MISSION BY CONTINUING TO STRATEGICALLY GROW THE BEAUFORT AREA'S TOURISM INDUSTRY. OUR RESEARCH CONTINUES TO INDICATE THE TOP FOUR INTEREST AREAS THAT CAPTIVATE VISITORS THROUGHOUT NORTHERN BEAUFORT COUNTY ARE HISTORY, ARTS, CUISINE & OUTDOOR ADVENTURE. THE "ENRICHMENT CAMPAIGN" ALLOWS US TO TARGET OUR CORE DEMOGRAPHIC WITH THE APPROPRIATE CREATIVE. WE WILL IMPLEMENT THE VARIOUS ADVERTISING TACTICS LISTED BELOW THAT HAVE PROVEN EFFECTIVE FOR OUR CORE TARGET AUDIENCES: "ONLINE (BOTH SEARCH AND WEB BANNERS) "PRINT MEDIA (INCLUDING IMPLEMENTATION OF QR CODES FOR YOUNGER DEMOGRAPHIC) "BILLBOARDS "SOCIAL MEDIA
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROMOTION OF COMMERCE IN BEAUFORT, SOUTH CAROLINA
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SEE EXPLANATION IN PART XIII 51,277
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SEE EXPLANATION IN PART XIII 51,277
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE MILITARY ENHANCEMENT COMMITTEE OF BEAUFORT COUNTY IS ESTABLISHED AS AN AUXILIARY COMMITTEE OF THE BEAUFORT REGIONAL CHAMBER OF COMMERCE TO ENHANCE THE QUALITY AND VALUE OF THE MILITARY INSTALLATIONS OF BEAUFORT COUNTY AND TO LAY THE FRAMEWORK TO DEFEND THESE THREE MILITARY BASES WITH REGARD TO ANY THREATS, INCLUDING BASE REALIGNMENTS AND CLOSURES; AND TO ESTABLISH PROCEDURES AND CONTINGENCY PLANS IN THE EVENT ONE OR MORE OF THESE MILITARY INSTALLATIONS IS CLOSED OR REALIGNED. THE MEC SHALL REMAIN ESTABLISHED BY THE BEAUFORT REGIONAL CHAMBER OF COMMERCE BOARD TO ADDRESS COMMUNITY CONCERNS AND ACTIVITIES REGARDING FUTURE BRACS OR ANY OTHER OCCURRENCES OF POSSIBLE REDUCTIONS, ADDITIONS OR CHANGES OF MISSION WITH ANY OF THE MILITARY INSTALLATIONS. THE CHAMBER EMPLOYS A TEAM OF PROFESSIONALS THAT ASSISTS THE MEC WITH FULFILLING THE MISSION. A PORTION OF MEC FUNDS IS TRANSFERRED TO THE CHAMBER OPERATIONS FOR THIS PURPOSE. PART XI AND PART XII OTHER RECONILIATION ITEMS - 51,277 THE MAJORITY OF THE REVENUE IS RELATED TO OUR CIVITAS AWARDS FOR BUSINESS EXCELLENCE EVENT. THE LATIN WORD "CIVITAS" MEANS "THE CONDITION OF THE CITIZENSHIP." THE BEAUFORT REGIONAL CHAMBER OF COMMERCE ANNUALLY RECOGNIZES BUSINESSES, INDIVIDUALS AND ORGANIZATION DEEMED EXEMPLARY IN OUR REGION THROUGH OUR CIVITAS AWARDS. THE CHAMBER CELEBRATES LEADERSHIP FORMALLY THROUGH 13 AWARDS: TOURISM LEADERSHIP, OUTSTANDING EMPLOYEE, OUTSTANDING LOWCOUNTRY YOUNG PROFESSIONAL, OUTSTANDING LEADERSHIP BEAUFORT ALUMNI, OUTSTANDING NON PROFIT, COMMUNITY STEWARDSHIP, EXCELLENCE IN FREE ENTERPRISE, REGIONAL ECONOMIC IMPACT, JUNIOR ENLISTED SERVICE MEMBER, NON COMMISSIONED OFFICER, MILITARY CITIZENSHIP, LIFETIME OF LEADERSHIP AND THE PAT CONROY PALMETTO ACHIEVEMENT AWARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MISSION IS TO MANAGE AND BUILD CAPACITY FOR CONTINUAL COMMUNITY GROWTH BY ADVOCATING FOR A PRO-BUSINESS ENVIRONMENT AND BUILDING WORKFORCE TO ENRICH THE REGION'S QUALITY OF LIFE. THE CHAMBER IS A MEMBER ORGANIZATION WHOSE PURPOSE IS TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE BEAUFORT REGION SO THAT CITIZENS AND ALL AREAS OF THE BUSINESS COMMUNITY SHALL PROSPER. ALL NECESSARY MEANS OF PROMOTION SHALL BE PROVIDED AND PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO THE ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDUSTRIAL, MILITARY, TOURISM AND EDUCATION INTERESTS OF THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TARGETING CONVERSIONS FROM THE MARKETING CAMPAIGN, AND ULTIMATELY RESULTING IN INCREASED OCCUPANCY AND ACCOMMODATIONS TAX FUNDING. THIS GOAL TAKES INTO CONSIDERATION THE UNIQUE LODGING OFFERINGS OF OUR DESTINATION, ECONOMIC CONDITIONS AND GAS PRICES - AS WE ARE A HEAVY DRIVE MARKET - AS WELL AS AVERAGE DAILY RATES AND OTHER LIFESTYLE CONTRIBUTORS. CAMPAIGN TACTICS: INTEGRATED CAMPAIGN TO INCLUDE PAID MEDIA, PRINT, ONLINE, OUTDOOR, SOCIAL MEDIA AND PUBLIC RELATIONS. WE WILL CONTINUE TO BUILD ON THE MOMENTUM FROM OUR 2013-2014 MARKETING CAMPAIGN. THE RESPONSES INDICATE THIS CAMPAIGN DELIVERED SOME GREAT RETURNS. WITH THE SUCCESS OF THIS PAST YEAR'S CAMPAIGN, CONTINUING THAT MOMENTUM IN AN ONGOING ADVERTISING CAMPAIGN IS ESSENTIAL IN FULFILLING OUR MISSION BY CONTINUING TO STRATEGICALLY GROW THE BEAUFORT AREA'S TOURISM INDUSTRY. OUR RESEARCH CONTINUES TO INDICATE THE TOP FOUR INTEREST AREAS THAT CAPTIVATE VISITORS THROUGHOUT NORTHERN BEAUFORT COUNTY ARE HISTORY, ARTS, CUISINE & OUTDOOR ADVENTURE. THE "ENRICHMENT CAMPAIGN" ALLOWS US TO TARGET OUR CORE DEMOGRAPHIC WITH THE APPROPRIATE CREATIVE. WE WILL IMPLEMENT THE VARIOUS ADVERTISING TACTICS LISTED BELOW THAT HAVE PROVEN EFFECTIVE FOR OUR CORE TARGET AUDIENCES: "ONLINE (BOTH SEARCH AND WEB BANNERS) "PRINT MEDIA (INCLUDING IMPLEMENTATION OF QR CODES FOR YOUNGER DEMOGRAPHIC) "BILLBOARDS "SOCIAL MEDIA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROMOTION OF COMMERCE IN BEAUFORT, SOUTH CAROLINA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT PROVIDES COPIES OF FORM 990 TO THE FINANCE & AUDIT COMMITTEE FOR THEIR REVIEW. THE PRESIDENT, THEN, SENDS A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL: TOP MANAGEMENT'S SALARY IS APPROVED BY THE BOARD OF DIRECTORS. THE HUMAN RESOURCES COMMITTEE SETS THE GOALS FOR THE PRESIDENT AND CONDUCTS A PERFORMANCE REVIEW NO LESS THAN ONCE A YEAR. THE HUMAN RESOURCES COMMITTEE CONSISTS OF THE CHAIR, PAST CHAIR, CHAIR-ELECT, TREASURER, AND THE DIRECTOR-AT-LARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TOP MANAGEMENT'S SALARY IS APPROVED BY THE BOARD OF DIRECTORS. AN HR COMMITTEE OF THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR, AND MAKES SALARY RECOMMENDATIONS BASED ON THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.22$0.36$0.68$0.50$0.18
2024Detailed filing. Detailed filing data is available for this year.$0.41$0.23$0.18$0.66$0.55$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.22$0.09$0.69$0.65$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.19$0.06$0.43$0.56$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.35$0.16$0.19$0.43$0.40$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.14$0.16$0.47$0.44$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.15$0.13$0.63$0.71$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.76$0.17$0.59$1.47$1.43$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.28$0.55$1.43$1.40$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.77$0.24$0.53$1.32$1.30$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.22$0.51$1.22$1.15$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.29$0.44$1.49$1.44$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.46$0.39$1.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.20$0.45$1.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.31$0.49$1.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.48$0.38$1.07
Peer Organizations

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