Sc Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 570219655
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Columbia, SC, USA
- Phone
- 8032552626
- Rating confidence
- Limited
Reported finances
- Revenue
- $3,201,355
- Expenses
- $3,127,866
- Assets
- $3,513,235
- Liabilities
- $2,431,803
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
87 people listed
Executive titles in this filing
- Michael Brenan (President and CEO To 10/31/25)
- Robert Morgan (President and CEO To 6/24/24)
Highest reported compensation
- Robert Morgan (President and CEO To 6/24/24): $179,918 total reported compensation
- Cynthia Bennett (Chief Operating Officer): $169,723 total reported compensation
- Will Frierson (VP of Government Affairs): $157,399 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Enhancing the quality of life for all south carolinians, achieving global competiteveness and ultimately increasing prosperity for sc citizens.
Operating model
- Revenue model
- Membership-supported. 66% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 76
- Accountability: 88
- Sustainability: 35
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 95.3%; rating input score 95; 25th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.3%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 1.12; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.69; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 22.4%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: -10% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -0.9% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 81 of 85 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $180K · 87 people listed · 4 of 6 pay-setting controls reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.