Lancaster Chamber Of Commerce in Lancaster, South Carolina (SC)

Lancaster Chamber Of Commerce
Employer Identification Number (EIN)	570296358
Name of Organization	Lancaster Chamber Of Commerce
Address	PO BOX 430, Lancaster, SC 29721-0430
Activities	Other school related activities, Attracting new industry or retaining industry in an area, Other services or benefits to members or employees
Subsection	Chamber of Commerce
Ruling Date	06/1964
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$25,000 to $99,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$95,809
Amount of Income	$282,041
Form 990 Revenue Amount	$256,752

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	No
Is the organization required to complete Schedule B, Schedule of Contributors?	No	No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2010	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		0	0	0
The number of Forms W-2G		0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		0	0	4
Did the organization file all required federal employment tax returns?		Yes	Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No	No
Has it filed a Form 990-T for this year?		No	No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No	No
Did the organization file Form 8886-T?		No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No	No
Initiation fees and capital contributions	$0	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0	$0
Gross income from other sources	$0	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0	$0
The amount of reserves on hand		$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No	No
Has it filed a Form 720 to report these payments?		No	No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$74,722	$78,959
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$0	$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2010	2011	2012	2013
Statement of Revenue
Total revenue	$241,618	$276,972	$276,887	$256,752
Contributions, Gifts, Grants and Other Similar Amounts	$205,211	$240,424	$247,464	$224,754
Program Service Revenue	$0	$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$2,287	$777	$626	$288
Income from investment of tax-exempt bond proceeds	$0	$0	$0	$0
Royalties	$8,509	$16,444	$10,753	$22,194
Net rental income	$0	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$0	$0	$-7,883
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $0	$0 / $0	$0 / $0	$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $0	$0 / $0	$0 / $0	$0 / $7,883
Gain or (loss) (Securities / Other)	$0 / $0	$0 / $0	$0 / $0	$0 / $-7,883
Net income/loss from fundraising events	$25,611	$19,327	$18,044	$17,399
Gross income from fundraising events	$44,656	$36,653	$33,745	$34,805
Less: direct expenses	$19,045	$17,326	$15,701	$17,406
Net income/loss from gaming activities	$0	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0	$0
Miscellaneous Revenue	$0	$0	$0	$0

	2010	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$246,724	$283,546	$283,072	$262,312
Grants and other assistance to domestic organizations and domestic governments		$0	$0	$0
Grants and other assistance to domestic individuals		$0	$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0	$0
Benefits paid to or for members		$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$118,314	$120,207	$149,401	$143,131
Compensation not included above, to disqualified persons		$0	$0	$0
Other salaries and wages	$0	$0	$0	$0
Pension plan accruals and contributions		$0	$8,934	$9,448
Other employee benefits		$0	$0	$0
Payroll taxes	$0	$0	$12,147	$11,698
Fees for services (non-employees)
Management		$0	$0	$0
Legal		$0	$0	$0
Accounting		$917	$3,542	$3,698
Lobbying		$0	$0	$0
Professional fundraising services	$0	$0	$0	$0
Investment management fees		$0	$0	$0
Other		$0	$0	$0
Advertising and promotion		$0	$0	$0
Office expenses		$0	$0	$0
Information technology		$0	$0	$0
Royalties		$0	$0	$0
Occupancy		$12,000	$12,000	$10,400
Travel		$2,994	$2,489	$3,688
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0	$0
Conferences, conventions, and meetings		$0	$285	$0
Interest		$458	$207	$9
Payments to affiliates		$0	$0	$0
Depreciation, depletion, and amortization		$6,277	$6,099	$1,611
Insurance		$0	$0	$0
Other expenses		$393	$3,146	$2,380
Other expenses		$2,683	$3,397	$3,498
Other expenses		$1,212	$30,007	$34,510
Other expenses		$3,000	$3,000	$3,000
Other expenses		$133,405	$48,418	$35,241

	2010	2011	2012	2013
Balance Sheet
Total assets	$101,515	$88,074	$79,995	$95,809
Cash - non-interest-bearing		$1,064	$3,655	$12,193
Savings and temporary cash investments		$76,665	$71,624	$83,511
Pledges and grants receivable, net		$0	$0	$0
Accounts receivable, net		$0	$0	$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0	$0
Notes and loans receivable, net		$0	$0	$0
Inventories for sale or use		$0	$0	$0
Prepaid expenses and deferred charges		$0	$0	$0
Land, buildings, and equipment: cost or other basis		$7,345	$1,716	$105
Investments - publicly traded securities		$0	$0	$0
Investments - other securities		$0	$0	$0
Investments - program-related		$0	$0	$0
Intangible assets		$0	$0	$0
Other assets		$3,000	$3,000	$0
Total liabilities	$16,647	$9,780	$7,886	$29,260
Accounts payable and accrued expenses		$0	$0	$0
Grants payable		$0	$0	$0
Deferred revenue		$0	$0	$25,450
Tax-exempt bond liabilities	$0	$0	$0	$0
Escrow or custodial account liability		$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$9,780	$7,886	$3,810
Total net assets or fund balances	$84,868	$78,294	$72,109	$66,549
Unrestricted net assets		$78,294	$72,109	$66,549
Temporarily restricted net assets		$0	$0	$0
Permanently restricted net assets		$0	$0	$0
Capital stock or trust principal, or current funds		$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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Id	Name	Address	State	Established	Total Income
Other organizations in South Carolina
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2	Lakelands Rural Health Network Inc	113 Liner Drive, Greenwood, SC 29646	SC	2007-04	$160,254
3	Lakes Recreation Center Inc	809 Waccamaw River Rd, Myrtle Beach, SC 29588	SC	1992-04	$0
4	Lakeside Country Club	PO BOX 549, Laurens, SC 29360-0549	SC	1970-04	$609,786
5	Lakeview Club Inc	PO BOX 160, Hartsville, SC 29551-0160	SC	1962-12	$293,168
6	Lakewood Ministries Inc	2118 Steele Drive, West Columbia, SC 29169	SC	2001-03	$0
7	Lamar Memorial Cemetery Inc	PO BOX 2, Lamar, SC 29069	SC	1999-01	$26,498
8	Lambda Chi Alpha Fraternity Inc	LAMBDA CHI ALPHA FRATERNITY INC EPSILON PSI ZETA PO BOX 85688, Columbia, SC 29225	SC	1971-12	$44,325
9	Lancaster Area Literacy Cooperative	Po Box 1076, Lancaster, SC 29721	SC	2007-09	$103,762
10	Lancaster Bruins Booster Club Inc	PO BOX 1213, Lancaster, SC 29721-1213	SC	1988-10	$59,279
11	Lancaster Chamber Of Commerce	PO BOX 430, Lancaster, SC 29721-0430	SC	1964-06	$282,041
12	Lancaster Childrens Home Inc	PO BOX 416, Lancaster, SC 29721-0416	SC	1962-11	$993,773
13	Lancaster County Clemson Club	2010 Havenwood Drive, Lancaster, SC 29720	SC	2014-10	$0
14	Lancaster County Council Of The Arts	PO BOX 613, Lancaster, SC 29721-0613	SC	1978-02	$188,799
15	Lancaster County Council On Aging Inc	PO BOX 1296, Lancaster, SC 29721-1296	SC	1976-01	$1,137,978
16	Lancaster County Economic Development Corporation	PO BOX 973, Lancaster, SC 29721-0973	SC	1988-09	$545,390
17	Lancaster County Society For Historical Preservation Inc	PO BOX 1132, Lancaster, SC 29721-1132	SC	1976-11	$186,025
18	Lancaster Dixie Baseball Inc	PO BOX 1232, Lancaster, SC 29721-1232	SC	1979-12	$80,874
19	Lancaster Fatherhood Project	PO BOX 1896, Lancaster, SC 29721-1896	SC	2000-07	$241,932
20	Lancaster Landing Inc	434 Charlotte Ave, Rock Hill, SC 29734-0099	SC	2003-10	$90,601

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