CHARLESTON CHAMBER FOUNDATION

EIN: 271199140 501(c)(3) Community Improvement

NORTH CHARLESTON, SC

Total Revenue
$2,215,144
Total Expenses
$2,297,645
Total Assets
$509,565
Net Assets
$188,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
SC
Principal Officer
BRYAN DERREBERRY
Phone
8435772510
Tax Period
2023-01-01 to 2023-12-31

CHARLESTON CHAMBER FOUNDATION, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 342% from the prior year, signaling strong growth momentum.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $2,297,645 Revenue: $177,853

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,037,291
Program Service Revenue $177,853
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,215,144

Expense Breakdown

Grants Paid $0
Salaries & Benefits $435,401
Fundraising Expenses $0
Program Expenses $2,297,645
Other Expenses $1,862,244
TOTAL EXPENSES $2,297,645

Year-over-Year Comparison

2023 2022 Change
Revenue $2,215,144 $501,081 +3.4%
Expenses $2,297,645 $501,081 +3.6%
Net Income $-82,501 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$395,229
Total Directors
5
$395,229
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE GRECH CHAIR 1.00
Officer Director
$0 $0 $0
MATT BREWER CHAIR ELECT 1.00
Officer Director
$0 $0 $0
KYRA MORRIS IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH BURWELL FINANCE COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
BRYAN DERREBERRY BOARD DIRECTOR 5.00
Officer Director
$0 $37,849 $395,229
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,215,144 $2,297,645 $509,565 $-82,501
2022 $501,081 $501,081 $425,785 No data
2021 $166,320 $154,773 $195,414 $11,547
2020 $205,623 $205,623 $158,834 No data
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