Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| (A)
CHARLESTON METRO CHAMBER OF COMMERCE |
570138852 | 10 | Yes | 0 | 0 | |
|
Total 1
|
0 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2021 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2021 |
(iii) Distributable Amount for 2021 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2021 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2021: | ||||
| a From 2016....... | ||||
| b From 2017....... | ||||
| c From 2018....... | ||||
| d From 2019....... | ||||
| e From 2020....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2021 distributable amount | ||||
|
i
Carryover from 2016 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2021 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2021 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2022. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2017..... | ||||
| b Excess from 2018..... | ||||
| c Excess from 2019..... | ||||
| d Excess from 2020..... | ||||
| e Excess from 2021..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| PART IV, SECTION A, LINE 3B | THE SUPPORTED ORGANIZATION IS EXEMPT UNDER 501(C)(6), AND CAN BE SUPPORTED BY A SUPPORTED ORGANIZATION. |
| PART IV, SECTION A, LINE 3C | THE FOUNDATION REVIEWS THE FORM 990 AND MEETS WITH MANGEMENT OF THE SUPPORTED ORGANIZATION IN ORDER TO ENSURE THE SUPPORT TEST WAS SATISFIED AND THAT SUPPORT WAS USED APPROPRIATELY UNDER SECTION 170(C)(2)(B). |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | A SUPPORTING ORGANIZATION OF THE CHAMBER, THE CHARLESTON CHAMBER FOUNDATION ADVANCES THE CHARLESTON REGION'S COMMUNITY THROUGH KEY INITIATIVES THAT ADDRESS OUR CRITICAL CHALLENGES. THE FOUNDATION IS ALIGNED TO MAXIMIZE OUR COMMUNITY'S ABILITY TO TAKE ADVANTAGE OF A ONCE-IN-A-GENERATION SET OF ECONOMIC DEVELOPMENT AND COMMUNITY ADVANCEMENT OPPORTUNITIES FOCUSED TO STRENGTHEN THE CHARLESTON REGION AS A GLOBALLY COMPETITIVE METRO. A PRIMARY FOCUS OF THE FOUNDATION'S WORK IS DELIVERED IN ITS EFFORTS IN TALENT PIPELINE DEVELOPMENT AND HOUSING ATTAINABILITY. |
| FORM 990, PART III | PAGE 2, PART III, LINE 4A - CONTINUED OUR REGION IS FILLED WITH BRIGHT LEADERS WHO WANT TO CREATE CHANGE AND MAKE OUR REGION THE BEST IT CAN BE. THROUGH OUR DIVERSITY, EQUITY AND INCLUSION WORK, LEADERSHIP DEVELOPMENT, INFORMATIVE PROGRAMS AND TALENT INITIATIVES, WE ARE FUELING LEADERS WITH THE INFORMATION, ACCESS AND RESOURCES THEY NEED TO ADVANCE OUR REGION. WE USE A REGIONAL AND INCLUSIVE APPROACH, BECAUSE WE ARE BETTER AND STRONGER TOGETHER. LEADERSHIP DEVELOPMENT FOR OUR COMMUNITY AND BUSINESSES TO PROSPER, WE NEED EMPOWERED LEADERS TO DRIVE SOLUTIONS AND CREATE CHANGE. WE CULTIVATE AND EQUIP LEADERS WITH THE SKILLS AND KNOWLEDGE TO MAKE MEANINGFUL IMPACTS ON OUR COMMUNITY. THE CHAMBER OFFERS LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR ANY STAGE OF YOUR CAREER. WHETHER YOU ARE A YOUNG PROFESSIONAL OR SEASONED EXECUTIVE, OUR PROGRAMS WILL PROVIDE YOU WITH THE INFORMATION AND RESOURCES TO TAKE YOUR CAREER TO THE NEXT LEVEL. THROUGH COMMUNITY AWARENESS, EDUCATION AND HANDS-ON EXPERIENCE, OUR LEADERSHIP PROGRAMS AIM TO PROVIDE THE REGION WITH AN ONGOING SOURCE OF LEADERS THAT ARE PREPARED AND COMMITTED TO SERVE AS CATALYSTS OF POSITIVE CHANGE IN OUR REGION. CHARLESTON YOUNG PROFESSIONALS WHERE EMERGING LEADERS CONNECT CHARLESTON YOUNG PROFESSIONALS (CYP) WAS CREATED AS AN ARM OF THE CHAMBER TO ATTRACT, RETAIN AND DEVELOP YOUNG PROFESSIONALS IN THE CHARLESTON REGION. CYP IS A 1000+ MEMBER-STRONG ORGANIZATION THAT IS WIDELY RECOGNIZED AS AN ACTION-ORIENTED POWERHOUSE OF THE REGION'S UP AND COMING YOUNG LEADERS. TALENT GROWING OUR REGION'S TALENT PIPELINE A REGION THRIVES WHEN ITS PEOPLE HAVE THE WORKFORCE SKILLS THAT MATCH THE NEEDS OF ITS EMPLOYERS. THE CHAMBER'S TALENT TEAM SERVES AS A REGIONAL CONVENER, CREATING BUSINESS AND EDUCATION PARTNERSHIPS THROUGH COLLABORATIVE AND EQUITABLE INITIATIVES. EMPLOYER-LED NEEDS ASSESSMENTS GUIDE OUR EFFORTS TO CULTIVATE RELATIONSHIPS, EDUCATE ON BEST PRACTICES AND DEVELOP OUR CURRENT AND FUTURE EMPLOYEES. OUR COUNTRY IS CURRENTLY FACING A TALENT CRISIS AND EMPLOYERS NEED TO KNOW HOW THEY ARE GOING TO BOTH RECRUIT AND RETAIN THEIR WORKFORCE. THE CHAMBER SERVES AS A THOUGHT LEADER IN BRINGING OUR MEMBERS THE LATEST TRENDS, RESOURCES AND DATA TO INFORM YOUR TALENT DECISIONS. DIVERSITY, EQUITY & INCLUSION CREATING EQUITABLE OPPORTUNITIES FOR ALL THE CHAMBER IS COMMITTED TO CREATING A REGION WHERE EVERYONE HAS THE OPPORTUNITY TO LIVE, LEARN AND EARN. DIVERSE AND INCLUSIVE WORKFORCES THRIVE, FOSTERING CREATIVITY, INNOVATION AND LOYALTY. ADDRESSING DISPARITIES AND BUILDING EQUITABLE OPPORTUNITIES WILL LIFT UP OUR ENTIRE REGION. WE ARE CHALLENGED TO HAVE COURAGEOUS CONVERSATIONS, TO LISTEN AND LEARN, WELCOME DIFFERENCES WHILE EXPLORING SIMILARITIES AND CREATE A SENSE OF BELONGING FOR ALL, NOT JUST SOME. WHILE WE CONTINUE TO WEAVE DIVERSITY, EQUITY AND INCLUSION INITIATIVES WITHIN OUR ORGANIZATION, WE ARE ALSO PROUD TO SERVE AS A CATALYST AND CONVENER FOR REGIONAL BUSINESSES, PROVIDING THE TOOLS, RESOURCES AND INFORMATION YOU NEED TO DRIVE YOUR OWN DE&I INITIATIVES. GOVERNMENT RELATIONS: ADVOCATING FOR A THRIVING COMMUNITY THRIVING COMMUNITIES DON'T JUST HAPPEN. RATHER, THEY ARE THE RESULT OF SMART PLANNING, COLLABORATION AND DEDICATION TO DRIVING SOLUTIONS. THE CHAMBER'S GOVERNMENT RELATIONS TEAM WORKS TIRELESSLY TO INFORM THE COMMUNITY AND OUR MEMBERS ABOUT CURRENT ISSUES, GIVE ACCESS TO ELECTED LEADERS IN OUR COMMUNITY AND ADVOCATE FOR OUR REGION'S BUSINESS COMMUNITY - ALL SO THE COLLECTIVE VOICE OF REGIONAL BUSINESSES ARE HEARD. OUR TEAM ADVOCATES AT THE LOCAL, STATE AND FEDERAL LEVELS AND TAKES A PROACTIVE AND COLLABORATIVE APPROACH TO TACKLING OUR REGION'S GREATEST CHALLENGES. HOUSING ATTAINABILITY WHILE CHARLESTON RANKS THE NUMBER ONE CITY IN THE U.S. TO VISIT BY TRAVEL + LEISURE'S WORLD'S BEST AWARDS, IT FAILS TO PAINT THE PICTURE THAT MANY LOCALS ARE FACED WITH - A CRIPPLING HOUSING CRISIS. WITH AN ESTIMATED 89,600 FAMILIES IN THE REGION SPENDING MORE THAN 30 PERCENT OF THEIR INCOME ON HOUSING, THERE IS A CLEAR NEED FOR A REGIONAL EFFORT AND PUSH TO MEET THE NEEDS. WE RECOGNIZE THAT THE COST AND AVAILABILITY OF HOUSING ISN'T JUST AFFECTING ONE GROUP OF PEOPLE, IT IS IMPACTING EMPLOYERS AND EMPLOYEES OF ALL DIFFERENT BACKGROUNDS AND INDUSTRY SECTORS. TO ACCOMMODATE PROJECTED GROWTH AND ALLOW BUSINESSES TO THRIVE, OUR REGION NEEDS MORE HOUSING SUPPLY, MORE CHOICES, BETTER PROXIMITY TO TRANSIT AND JOB CENTERS, AND MORE ATTAINABLE OPTIONS AT EVERY INCOME LEVEL. WE KNOW WE HAVE A LONG WAY TO GO BEFORE HOUSING IS ACCESSIBLE TO ALL, BUT WE WILL CONTINUE TO KEEP IT AT THE TOP OF OUR PRIORITY LIST. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD ELECTRONICALLY PRIOR TO FILING. ANY CHANGES NOTED ARE MADE BEFORE THE RETURN IS ISSUED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE BOARD MAINTAINS A HIGH LEVEL OF TRANSPARENCY STARTING WITH COMMUNICATING THE IMPORTANCE OF DISCLOSURE OF SUCH ACTIVITIES TO NEW AND EXISTING BOARD MEMBERS. ANNUAL DECLARATIONS ARE RECEIVED. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION COMMITTEE REVIEWS THESE POSITIONS, BONUSES AND PAY RAISES OR ADJUSTMENTS. THE COMMITTEE IS MADE UP OF (4) KEY MEMBERS OF OUR VOLUNTEER LEADERSHIP, INCLUDING THE CHAIRMAN, AND THE IMMEDIATE PAST CHAIRMAN. THE COMPENSATION IS BENCHMARKED ON JOB DUTIES AND RESPONSIBILITIES TO LOCAL MARKET RATES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE COMPENSATION COMMITTEE REVIEWS THESE POSITIONS, BONUSES AND PAY RAISES OR ADJUSTMENTS. THE COMMITTEE IS MADE UP OF (4) KEY MEMBERS OF OUR VOLUNTEER LEADERSHIP, INCLUDING THE CHAIRMAN, AND THE IMMEDIATE PAST CHAIRMAN. THE COMPENSATION IS BENCHMARKED ON JOB DUTIES AND RESPONSIBILITIES TO LOCAL MARKET RATES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FOR INSPECTION UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONTRACT LABOR 135,773 0 0 |
| Software ID: | |
| Software Version: |