Civic Intelligence

Berkeley County Chamber of Commerce

990 • Fiscal year 2019 • EIN 57-0650070

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 05, 2020

PO Box 905Moncks Corner, SC 29461

(843) 577-9549

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.08x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.07x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

19th percentile

-13%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

97th percentile

$115,116

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 39.1% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

22nd percentile

-13%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-16%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$256,213

Down $39,333 (-13%) from 2018

Net Assets

Down

$235,935

Down $39,333 (-14%) from 2018

Liabilities

Flat

$20,278

Flat from 2018

Revenue

Down

$294,591

Down $57,980 (-16%) from 2018

Expenses

Down

$333,924

Down $128,345 (-28%) from 2018

Net Income

Up

-$39,333

Up $70,365 (+64%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $297,479Liabilities 2011: $44,859Net Assets 2011: $252,6202011Assets 2012: $251,041Liabilities 2012: $42,286Net Assets 2012: $208,7552012Assets 2013: $440,899Liabilities 2013: $46,644Net Assets 2013: $394,2552013Assets 2014: $507,217Liabilities 2014: $44,646Net Assets 2014: $462,5712014Assets 2015: $672,856Liabilities 2015: $22,644Net Assets 2015: $650,2122015Assets 2016: $750,214Liabilities 2016: $22,812Net Assets 2016: $727,4022016Assets 2017: $405,244Liabilities 2017: $20,278Net Assets 2017: $384,9662017Assets 2018: $295,546Liabilities 2018: $20,278Net Assets 2018: $275,2682018Assets 2019: $256,213Liabilities 2019: $20,278Net Assets 2019: $235,9352019Assets 2020: $171,693Liabilities 2020: $22,081Net Assets 2020: $149,6122020Assets 2021: $237,354Liabilities 2021: $20,278Net Assets 2021: $217,0762021Assets 2022: $192,114Liabilities 2022: $20,278Net Assets 2022: $171,8362022Assets 2023: $153,973Liabilities 2023: $20,278Net Assets 2023: $133,6952023Assets 2024: $127,748Liabilities 2024: $34,772Net Assets 2024: $92,9762024

Highlighted filing

2019

Assets$256,213
Liabilities$20,278
Net Assets$235,935

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $624,295Expenses 2011: $628,678Net Income 2011: -$4,3832011Revenue 2012: $672,191Expenses 2012: $716,056Net Income 2012: -$43,8652012Revenue 2013: $718,376Expenses 2013: $532,876Net Income 2013: $185,5002013Revenue 2014: $818,411Expenses 2014: $750,095Net Income 2014: $68,3162014Revenue 2015: $884,242Expenses 2015: $696,601Net Income 2015: $187,6412015Revenue 2016: $699,913Expenses 2016: $622,723Net Income 2016: $77,1902016Revenue 2017: $274,199Expenses 2017: $480,902Net Income 2017: -$206,7032017Revenue 2018: $352,571Expenses 2018: $462,269Net Income 2018: -$109,6982018Revenue 2019: $294,591Expenses 2019: $333,924Net Income 2019: -$39,3332019Revenue 2020: $217,604Expenses 2020: $303,927Net Income 2020: -$86,3232020Revenue 2021: $357,268Expenses 2021: $289,804Net Income 2021: $67,4642021Revenue 2022: $211,257Expenses 2022: $256,497Net Income 2022: -$45,2402022Revenue 2023: $282,304Expenses 2023: $320,445Net Income 2023: -$38,1412023Revenue 2024: $353,755Expenses 2024: $394,474Net Income 2024: -$40,7192024

Highlighted filing

2019

Revenue$294,591
Expenses$333,924
Net Income-$39,333
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 5, 2020
Return Version
2019v5.0
Gross Receipts
$318,390
Mission and Program Overview

Mission

The chamber's primary purpose is to promote member businesses by providing leadership and services that create a strong business environment and high quality of life in berkeley county. All revenues are used to achieve this goal.

SEE PAGE 2, PART 3

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$275,268$235,935▼ $39,333
Cash and Non-Interest-Bearing Accounts$199,874$160,175▼ $39,699
Savings and Temporary Cash Investments$95,661$96,038▲ $377
Land, Buildings, and Equipment, Net$11$0▼ $11
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$295,546$256,213▼ $39,333
Liabilities
Other Liabilities$20,278$20,278→ $0
Total Liabilities$20,278$20,278→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$275,268$235,935▼ $39,333
Total Liabilities and Net Assets / Fund Balance$295,546$256,213▼ $39,333

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$32,978$32,978
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elaine MorganExecutive DirectorFT$115,116$115,116

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$256,740
Investment Income
$546
Other Revenue
$37,305
Change in Net Assets
$-39,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$224,128
Other Expenses$109,796
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$58,007$58,006-$116,013
Comp Disqual Persons$42,250$42,250-$84,500
All Other Expenses$25,078$17,454-$42,532
Fees for Services Accounting$6,933$9,211-$16,144
Payroll Taxes$7,527$7,526-$15,053
Advertising$12,563--$12,563
Other Employee Benefits$4,281$4,281-$8,562
Conferences and Meetings$7,827--$7,827
Travel$3,110$3,109-$6,219
Office Expenses$4,099$1,704-$5,803
Fees for Services Legal$1,480$1,480-$2,960
Other Expenses$1,167--$1,167
Insurance-$313-$313
Depreciation Depletion-$11-$11
Total Functional Expenses$188,579$145,345$0$333,924
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,089
Fundraising Direct Expenses$23,799
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Other Special Event$42,489$42,489$15,782$26,707
Annual Meeting$18,600$18,600$8,017$10,583
Total Events$61,089$61,089$23,799$37,290
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Special Projects - Park Fund$20,278
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
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

Organizations's process to review form 990. No review was or will be conducted.

Form 990, Part VI, Section B, Line 15A

The compensation of the ceo is determined by and voted on annually by the board of directors.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request in the media requested.

Filing and Contact Details

Filer

Filer Name
Berkeley County Chamber of Commerce
EIN
57-0650070
Phone
8435779549
Address
PO BOX 905, MONCKS CORNER, SC 29461

Signing Officer

Name
Elaine Morgan
Title
Executive Director
Phone
8435779549
Signed
2020-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elaine Morgan
Formed
1977
Legal Domicile
Sc
Voting Board Members
22
Independent Board Members
21
Employees
3
Volunteers
0

Preparer

Firm
Hoffman & Hoffman CPA Pa
Address
PO BOX 31212, CHARLESTON, SC 29417
Preparer
Brandon J Hoffman
Phone
8437663465
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IRS990/OtherLiabilitiesGrp/BOYAmt020278
IRS990/OtherLiabilitiesGrp/EOYAmt020278
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE - RELATE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015
IRS990/OtherRevenueTotalAmt015
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07526
IRS990/PayrollTaxesGrp/ProgramServicesAmt07527
IRS990/PayrollTaxesGrp/TotalAmt015053
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ELAINE MORGAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/BusinessCd3561499
IRS990/ProgramServiceRevenueGrp/BusinessCd4561499
IRS990/ProgramServiceRevenueGrp/Desc0MEM DUES & ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1TOURISM
IRS990/ProgramServiceRevenueGrp/Desc2LEADERSHIP BERKELEY
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc4SALUTE TO SMALL BUSINE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0138891
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt189515
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215480
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt311604
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0138891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt189515
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41250
IRS990/ProgSrvcAccomActy2Grp/Desc0LEADERSHIP BERKELEY: A YEARLY PROGRAM TO SUPPLY INFORMATION AND UPDATES TO NEW EXECUTIVES AND UPCOMING LEADERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09894
IRS990/ProgSrvcAccomActy3Grp/Desc0TEACHER OF THE YEAR: A PROGRAM RECOGNIZING TEACHERS AND THEIR ACCOMPLISHMENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0857
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0174804
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0517
IRS990/PYOtherExpensesAmt0254243
IRS990/PYOtherRevenueAmt026396
IRS990/PYProgramServiceRevenueAmt0325658
IRS990/PYRevenuesLessExpensesAmt0-109698
IRS990/PYSalariesCompEmpBnftPaidAmt0208026
IRS990/PYTotalExpensesAmt0462269
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0352571
IRS990/ReconcilationRevenueExpnssAmt0-39333
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0275268
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0235935
IRS990/SavingsAndTempCashInvstGrp/BOYAmt095661
IRS990/SavingsAndTempCashInvstGrp/EOYAmt096038
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt032978
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt032978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020278
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPECIAL PROJECTS - PARK FUND
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt020278
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023799
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0OTHER SPECIAL EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL MEETING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt042489
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt018600
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt061089
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt042489
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt018600
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt061089
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt037290
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt023799
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt015782
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08017
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS'S PROCESS TO REVIEW FORM 990. NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPENSATION OF THE CEO IS DETERMINED BY AND VOTED ON ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST IN THE MEDIA REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BERKELEY EDUCATION OUTREACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0262070728
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EXEMPT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 905
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MONCKS CORNER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029461
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0295546
IRS990/TotalAssetsEOYAmt0256213
IRS990/TotalAssetsGrp/BOYAmt0295546
IRS990/TotalAssetsGrp/EOYAmt0256213

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.$1.28$0.35$0.93$3.54$3.94$0.41
2023Summary only. Only limited summary data is available for this year.$1.54$0.20$1.34$2.82$3.20$0.38
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.20$1.72$2.11$2.56$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.20$2.17$3.57$2.90$0.67
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.22$1.50$2.18$3.04$0.86
2019Detailed filing. Detailed filing data is available for this year.$2.56$0.20$2.36$2.95$3.34$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.20$2.75$3.53$4.62$1.10
2017Summary only. Only limited summary data is available for this year.$4.05$0.20$3.85$2.74$4.81$2.07
2016Summary only. Only limited summary data is available for this year.$7.50$0.23$7.27$7.00$6.23$0.77
2015Summary only. Only limited summary data is available for this year.$6.73$0.23$6.50$8.84$6.97$1.88
2014Summary only. Only limited summary data is available for this year.$5.07$0.45$4.63$8.18$7.50$0.68
2013Summary only. Only limited summary data is available for this year.$4.41$0.47$3.94$7.18$5.33$1.86
2012Summary only. Only limited summary data is available for this year.$2.51$0.42$2.09$6.72$7.16$0.44
2011Summary only. Only limited summary data is available for this year.$2.97$0.45$2.53$6.24$6.29$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)6 • <$500k nonprofits