SC CHAMBER EDUCATION AND WORKFORCE DEVELOPMENT FOUNDATION

EIN: 570901267 501(c)(3)

COLUMBIA, SC

Total Revenue
$987,688
Total Expenses
$992,802
Total Assets
$2,412,093
Net Assets
$1,880,638
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
SC
Phone
8032552626
Tax Period
2024-10-01 to 2025-09-30

SC CHAMBER EDUCATION AND WORKFORCE DEVELOPMENT FOUNDATION, founded in 1989, is a small nonprofit that reported $988K in total revenue in fiscal year 2024. Revenue surged 331% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION'S EDUCATION WORKFORCE AND DIVERSITY INTERESTS ARE BROAD. IT SEEKS TO PROMOTE COLLABORATION AMONG A WIDE RANGE OF STAKEHOLDERS- SCHOOL STAFF (PRE-SCHOOL THROUGH HIGHER EDUCATION), FAMILIES, COMMUNITY ORGANIZATIONS, AGENCIES, AND BUSINESSES. THE FOUNDATION SEEKS TO FURTHER ITS INTERESTS THROUGH A CAREFULLY CONSIDERED IDENTIFICATION AND SUBSEQUENT FUNDING OF WORTHY ACTIVITIES, RESEARCH STUDIES, AND PROJECTS. IT IS AUTHORIZED BY ITS BY-LAWS TO ENGAGE IN ACTIVITIES THAT ARE DESIGNED TO ENHANCE PUBLIC EDUCATION, WORKFORCE DEVELOPMENT AND DIVERSITY INCLUSION.

Program Service Accomplishments

Program 1
Expenses: $981,435 Revenue: $1,275

THE FOUNDATION'S EDUCATION WORKFORCE AND DIVERSITY INTERESTS ARE BROAD. IT SEEKS TO PROMOTE COLLABORATION AMONG A WIDE RANGE OF STAKEHOLDERS- SCHOOL STAFF (PRE-SCHOOL THROUGH HIGHER EDUCATION)...

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THE FOUNDATION'S EDUCATION WORKFORCE AND DIVERSITY INTERESTS ARE BROAD. IT SEEKS TO PROMOTE COLLABORATION AMONG A WIDE RANGE OF STAKEHOLDERS- SCHOOL STAFF (PRE-SCHOOL THROUGH HIGHER EDUCATION), FAMILIES, COMMUNITY ORGANIZATIONS, AGENCIES, AND BUSINESSES. THE FOUNDATION SEEKS TO FURTHER ITS INTERESTS THROUGH A CAREFULLY CONSIDERED IDENTIFICATION AND SUBSEQUENT FUNDING OF WORTHY ACTIVITIES, RESEARCH STUDIES, AND PROJECTS. IT IS AUTHORIZED BY ITS BY-LAWS TO ENGAGE IN ACTIVITIES THAT ARE DESIGNED TO ENHANCE PUBLIC EDUCATION, WORKFORCE DEVELOPMENT AND DIVERSITY INCLUSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $873,331
Program Service Revenue $1,275
Investment Income $113,082
Other Revenue $0
TOTAL REVENUE $987,688

Expense Breakdown

Grants Paid $401,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $981,435
Other Expenses $591,302
TOTAL EXPENSES $992,802

Year-over-Year Comparison

2024 2023 Change
Revenue $987,688 $229,124 +3.3%
Expenses $992,802 $304,901 +2.3%
Net Income $-5,114 $-75,777 -0.9%
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
8
Independent Members
7
Employees
N/A
Volunteers
32

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
4
$148,981
Total Directors
8
$148,981
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Brenan President and CEO 1.0
Officer Director
$0 $5,730 $148,981
Todd Hyneman Treasurer 1.0
Officer Director
$0 $0 $0
Trey Simon Chair 1.0
Officer Director
$0 $0 $0
Kathy Dudley Helms Immediate Past Chair 1.0
Director
$0 $0 $0
Kristi Eidson Member 1.0
Director
$0 $0 $0
Laura McKinney Member 1.0
Director
$0 $0 $0
Monique McDaniels Member 1.0
Director
$0 $0 $0
Rhonda Midgette Diversity 1.0
Director
$0 $0 $0
Susan ONeal VP Finance, Operations & Admin. 1.0
Officer
$0 $0 $0
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
2025 $987,688 $992,802 $2,412,093 $-5,114
2024 $229,124 $304,901 $2,238,927 $-75,777
2023 $278,618 $311,962 $1,982,658 $-33,344
2022 $238,517 $263,649 $1,913,859 $-25,132
2021 $125,999 $97,787 $2,196,767 $28,212
2020 $77,149 $66,678 $1,976,345 $10,471
2019 $216,220 $209,039 $1,680,828 $7,181
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