Civic Intelligence

Lexington Chamber of Commerce

EIN 57-0388041 • 501(c)6 • Lexington, SC

Profile

To promote business prosperity and a thriving community by providing services, advocacy and education for our members.

PO Box 44Lexington, SC 29071

www.lexingtonsc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.44x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

94th percentile

0.93x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

20th percentile

-5.5%

Higher net margin than 20% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

60th percentile

$169,091

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

15th percentile

-9.3%

Faster revenue growth than 15% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$1,902,882

Up $150,141 (+8.6%) from 2023

Liabilities

Up

$648,410

Up $114,971 (+22%) from 2023

Net Assets

Up

$1,254,472

Up $35,170 (+2.9%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin20th percentile

Revenue

Up

$1,109,472

Up $60,853 (+5.8%) from 2023

Expenses

Up

$1,074,302

Up $140,001 (+15%) from 2023

Net Income

Down

$35,170

Down $79,148 (-69%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $823,684Liabilities 2011: $488,722Net Assets 2011: $334,9622011Assets 2012: $1,457,740Liabilities 2012: $591,339Net Assets 2012: $866,4012012Assets 2013: $1,753,533Liabilities 2013: $617,822Net Assets 2013: $1,135,7112013Assets 2014: $1,612,408Liabilities 2014: $579,365Net Assets 2014: $1,033,0432014Assets 2015: $1,542,852Liabilities 2015: $504,761Net Assets 2015: $1,038,0912015Assets 2016: $1,457,070Liabilities 2016: $464,012Net Assets 2016: $993,0582016Assets 2017: $1,485,149Liabilities 2017: $518,287Net Assets 2017: $966,8622017Assets 2018: $1,383,887Liabilities 2018: $453,398Net Assets 2018: $930,4892018Assets 2019: $1,454,728Liabilities 2019: $469,311Net Assets 2019: $985,4172019Assets 2020: $1,589,879Liabilities 2020: $630,514Net Assets 2020: $959,3652020Assets 2021: $1,770,029Liabilities 2021: $755,363Net Assets 2021: $1,014,6662021Assets 2022: $1,614,102Liabilities 2022: $525,737Net Assets 2022: $1,088,3652022Assets 2023: $1,752,741Liabilities 2023: $533,439Net Assets 2023: $1,219,3022023Assets 2024: $1,902,882Liabilities 2024: $648,410Net Assets 2024: $1,254,4722024

Highlighted filing

2024

Assets$1,902,882
Liabilities$648,410
Net Assets$1,254,472
Open 2024 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $460,6972011Expenses 2012: $558,8502012Expenses 2013: $643,4782013Revenue 2014: $549,794Expenses 2014: $602,462Net Income 2014: -$52,6682014Revenue 2015: $615,422Expenses 2015: $610,374Net Income 2015: $5,0482015Revenue 2016: $630,284Expenses 2016: $661,539Net Income 2016: -$31,2552016Revenue 2017: $721,431Expenses 2017: $683,199Net Income 2017: $38,2322017Revenue 2018: $703,205Expenses 2018: $739,578Net Income 2018: -$36,3732018Revenue 2019: $916,466Expenses 2019: $861,538Net Income 2019: $54,9282019Revenue 2020: $739,167Expenses 2020: $765,219Net Income 2020: -$26,0522020Revenue 2021: $884,821Expenses 2021: $829,520Net Income 2021: $55,3012021Revenue 2022: $962,896Expenses 2022: $889,198Net Income 2022: $73,6982022Revenue 2023: $1,048,619Expenses 2023: $934,301Net Income 2023: $114,3182023Revenue 2024: $1,109,472Expenses 2024: $1,074,302Net Income 2024: $35,1702024

Highlighted filing

2024

Revenue$1,109,472
Expenses$1,074,302
Net Income$35,170
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,902,882
Liabilities
$648,410
Net assets
$1,254,472
Revenue
$1,109,472
Expenses
$1,074,302
Net income
$35,170
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.90$0.65$1.25$1.11$1.07$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.75$0.53$1.22$1.05$0.93$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.61$0.53$1.09$0.96$0.89$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.76$1.01$0.88$0.83$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.63$0.96$0.74$0.77$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.47$0.99$0.92$0.86$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.38$0.45$0.93$0.70$0.74$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.52$0.97$0.72$0.68$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.46$0.46$0.99$0.63$0.66$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.54$0.50$1.04$0.62$0.61$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.61$0.58$1.03$0.55$0.60$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.62$1.14$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.59$0.87$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.49$0.33$0.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 16, 2025
Return Version
2023v6.0
Gross Receipts
$1,109,472
Mission and Program Overview

Mission

To promote business prosperity and a thriving community by providing services, advocacy and education for our members.

Serves as an advocate for business by fostering economic growth and prosperity for the benefit of the lexington community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$937,911$904,673▼ $33,238
Cash and Non-Interest-Bearing Accounts$602,320$528,105▼ $74,215
Investments in Publicly Traded Securities$200,000$417,385▲ $217,385
Accounts Receivable$8,315$44,172▲ $35,857
Prepaid Expenses and Deferred Charges$4,195$8,547▲ $4,352
Total Assets$1,752,741$1,902,882▲ $150,141
Liabilities
Deferred Revenue$266,475$399,116▲ $132,641
Mortgage Notes Payable Secured by Investment Property$220,299$199,813▼ $20,486
Other Liabilities$30,371$27,388▼ $2,983
Accounts Payable and Accrued Expenses$16,294$22,093▲ $5,799
Total Liabilities$533,439$648,410▲ $114,971
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,219,302$1,254,472▲ $35,170
Total Net Assets Fund Balance$1,219,302$1,254,472▲ $35,170
Total Liabilities and Net Assets / Fund Balance$1,752,741$1,902,882▲ $150,141

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$545,792$322,315$868,107
Land$350,000-$350,000
Equipment$8,755$71,230$79,985
Other Land Buildings$0$63,575$63,575
Leasehold Improvements$126$19,918$20,044
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angelle LabordePresident & CEOFT$142,200$16,370$158,570

Board Members and Trustees

NameTitle
Royce ShannonBoard Chair
Misty StathosBoard Chair-elect
Shawn StinsonImmediate Past Chair
Alex HugginsBoard Member
Angel MendezBoard Member
Austin McvayBoard Member
Ben FullerBoard Member
Ben SpearmanBoard Member
Christina TrainorBoard Member
ELIAS ''ELI'' F LYKESBoard Member
Graem ClarkBoard Member
Joe Mergo IiiBoard Member
Joel MerrillBoard Member
Konrad OrzechowskiBoard Member
Laura ReidBoard Member
Leesa OwensBoard Member
Lisa BeebeBoard Member
Manning KolbBoard Member
Matthew GrahamBoard Member
Oneal StaplesBoard Member
Pam ModicaBoard Member
Punam PatelBoard Member
Roger SipeBoard Member
Ronnie DavesBoard Member
Shirley TowneBoard Member
Trey PowellBoard Secretary
Kenny WorkmanBoard Treasurer
Rosemary WilsonDirector of Finance & Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,017,892
Investment Income
$31,829
Other Revenue
$59,751
Change in Net Assets
$35,170

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,109,472
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,109,472
Total Revenue per Form 990
$1,109,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$642,462
Salaries, Compensation, and Employee Benefits$431,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$219,738
Current Officers, Directors, Trustees, and Key Employees---$142,200
Fees for Services Other---$48,902
Depreciation Depletion---$36,186
Other Employee Benefits---$35,861
Office Expenses---$35,556
Payroll Taxes---$28,130
Occupancy---$23,925
Advertising---$15,443
Information Technology---$14,931
Interest---$11,861
Conferences and Meetings---$9,635
Insurance---$8,551
Pension Plan Contributions---$5,911
Other Expenses---$5,802
All Other Expenses---$3,726
Total Functional Expenses$0$0$0$1,074,302

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,074,302
Total Expenses per Audited Statements$1,074,302
Total Expenses per Form 990$1,074,302
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Portion of Long Term Debt$25,038
Unredeemed Gift Certificates$2,350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

“A draft of form 990 is reviewed by the financial and operations manager, president and board treasurer prior to filing. A complete copy of the 990 is provided to the board before the return is filed.”

Form 990, Part VI, Section B, Line 12C

“The board of directors reviews and acknowledges the conflict of interest policy on an annual basis. In the event a potential conflict arises during the year, the interested person shall recuse himself/herself from all discussions and vote on the matter.”

Form 990, Part VI, Section B, Line 15

“Compensation is reviewed by the executive committee which relies upon comparables from similarly situated organizations. The committee's decision is documented.”

Form 990, Part VI, Section C, Line 18

“The chamber's form 990 is available upon request.”

Form 990, Part VI, Section C, Line 19

“The chamber's financial statements and governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Lexington Chamber of Commerce
EIN
57-0388041
Phone
8033596113
Address
PO BOX 44, LEXINGTON, SC 29071

Signing Officer

Name
Angelle Laborde
Title
President & CEO
Phone
8033596113
Signed
2025-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angelle Laborde
Formed
1959
Legal Domicile
Sc
Voting Board Members
27
Independent Board Members
27
Employees
8
Volunteers
60

Preparer

Firm
Elliott Davis Llcpllc
Address
500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
Preparer
Janice a Ratica
Phone
7043338881
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board of directors oversees the financial statement review process.”

Raw XML AppendixShowing 400 of 570 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/PersonNm18ALEX HUGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm19PUNAM PATEL
IRS990/Form990PartVIISectionAGrp/PersonNm20ROGER SIPE
IRS990/Form990PartVIISectionAGrp/PersonNm21MATTHEW GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm22ROYCE SHANNON
IRS990/Form990PartVIISectionAGrp/PersonNm23MISTY STATHOS
IRS990/Form990PartVIISectionAGrp/PersonNm24SHAWN STINSON
IRS990/Form990PartVIISectionAGrp/PersonNm25TREY POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm26KENNY WORKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm27ANGELLE LABORDE
IRS990/Form990PartVIISectionAGrp/PersonNm28ROSEMARY WILSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD CHAIR-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt24IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt27PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR OF FINANCE & OPERATIONS
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IRS990/ProgSrvcAccomActy3Grp/Desc0WOMEN'S LEADERSHIP COUNCIL OFFERS OPPORTUNITIES TO WOMEN FOR PERSONAL AND PROFESSIONAL GROWTH THROUGH LEADERSHIP DEVELOPMENT PROGRAMS AND COMMUNITY ENGAGEMENT.
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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