Oceanfront Merchants Association FY2022 filing

Not tax-deductible

Myrtle Beach, SC501(c)(6)Community Development EIN 20-8977414Revenue $234K in FY2022Latest return filed Nov 16, 2025

On file with the IRSmyrtlebeachdowntown.comPo Box 3879, 29578-3879 · Myrtle Beach, SCTax-exempt since Oct 2008

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The Oceanfront Merchants Association promotes tourism and patronage of the myrtle beach Oceanfront boardwalk district. The association's activities are designed to encourage patrons to visit the Oceanfront boardwalk district.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $32K a year · 17% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$234K
+28% vs prior year
Spent
$191K
To programs
0%
Net assets
$45K
By yearFY2020–FY2024
Revenue
$234K
FY2022▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$144K
FY2021$183K
FY2022$234K
FY2023$200K
FY2024$0
Expenses
$191K
FY2022+0.02%
Tap a bar for its year
Expenses by fiscal year
FY2020$128K
FY2021$191K
FY2022$191K
FY2023$123K
FY2024Not on file
Net assets
$45K
FY2022▲ ×18
Tap a bar for its year
Net assets by fiscal year
FY2020$22K
FY2021$2K
FY2022$45K
FY2023$122K
FY2024$10K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
At Large Mamber
$0Pt VII · Sec A

Janice Connell’s $8K as Director is at the 29th percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Oceanfront Merchants Association executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes tourism and patronage of the Myrtle Beach Boardwalk.

Questions for Oceanfront Merchants Association

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2 programs · $171K · in their own filed words · FY2022
01

Promote and plan free events in the oceanfront boardwalk district.

$156Kprogram expense
02

Promote tourism and patronage of the myrtle beach oceanfront boardwalk district through advertising its businesses, events, history, and location.

$15Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$234K
Ln 12
Gifts and grantsLn 1h$234K
Money outPt IX
$191K
Ln 25
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$45K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$234K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
Total assetsLn 16$45K
LiabilitiesLn 26$0
Net assetsLn 32$45K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2K$45K
Total assetsLn 16$2K$45K
LiabilitiesLn 26$0$0
Net assetsLn 32$2K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$15K
Office expensesLn 13$7K
InsuranceLn 23$14K
All other expensesLn 24e$156K
Total functional expensesLn 25$191K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 16, 2025 $0$10K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $200K$123K$77K$122K 990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2023 $234K$191K$43K$45K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $183K$191K−$8K$2K 990 PDF
FY2020Filed with the IRS Jun 13, 2022 $144K$128K$16K$22K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $234,163 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,000$234,163
I-9 Program service revenuePrior year $92,744$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $182,744$234,163
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $191,220$191,251
I-18 Total expensesPrior year $191,220$191,251
I-19 Revenue less expensesPrior year −$8,476$42,912
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $234,163 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$5,700
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$228,463
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$234,163
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$234,163
Part IX · Statement of functional expenses $191,251 across 4 lines filed
IX-12 Advertising and promotion$15,062
IX-13 Office expenses$6,514
IX-23 Insurance$14,138
IX-24e All other expenses$155,537
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$191,251
Part X · Balance sheet $45,366 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $2,454$45,366
X-16 Total assetsStart of year $2,454$45,366
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,454$45,366
X-33 Total liabilities and net assetsStart of year $2,454$45,366
Part XI · Reconciliation of net assets $45,366 net assets at year end
XI-1 Total revenue$234,163
XI-2 Total expenses$191,251
XI-3 Revenue less expenses$42,912
XI-4 Net assets at start of year$2,454
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$45,366

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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