SC Chamber Education and Workforce Development Foundation FY2022 filing

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Coordinate efforts with SC governor's office and SC school board to implement policies and procedures to improve Education in south carolina.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $17K a year · 5% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
22 mo
of spending, in cash
Plus $1.4M in investments, Pt X · Ln 11–13
Looks good: 21.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$387K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
51
of 52 voting members
Looks good: 51 of 52 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$239K
+89% vs prior year
Spent
$264K
To programs
96%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$239K
FY2022▲ +89%
Tap a bar for its year
Revenue by fiscal year
FY2020$77K
FY2021$126K
FY2022$239K
FY2023$279K
FY2024$229K
FY2025$988K
Expenses
$264K
FY2022▲ +170%
Tap a bar for its year
Expenses by fiscal year
FY2020$67K
FY2021$98K
FY2022$264K
FY2023$312K
FY2024$305K
FY2025$993K
Net assets
$1.5M
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.8M
FY2022$1.5M
FY2023$1.6M
FY2024$1.8M
FY2025$1.9M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1990.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $254K Management & general 4% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & CEO SC Chamber
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See SC Chamber Education and Workforce Development Foundation executive salaries →

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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

Improves South Carolina education by coordinating policy implementation with the Governor's office and school board.

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Provided by the organization

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1 program · $254K · in their own filed words · FY2021
01

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.

$254Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 11 grants · $432K · 2021–2024
Clinton CollegeSC · FY2024$50,000
Voorhees UniversitySC · FY2024$50,000
Benedict CollegeSC · FY2024$50,000
Claflin UniversitySC · FY2024$50,000
Morris CollegeSC · FY2024$50,000
Allen UniversitySC · FY2024$50,000
Unitemized GrantFY2023$10,000
Unitemized GrantFY2022$12,000
Unitemized GrantFY2021$10,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$239K
Ln 12
Gifts and grantsLn 1h$207K
Investment incomeLn 3$31K
Money outPt IX
$264K
Ln 25
Programscol B$254K
Managementcol C$10K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$473K
Total assetsLn 16$1.9M
LiabilitiesLn 26$387K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a52
IndependentVI 1b51
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Government grantsLn 1e$8K
Investment incomeLn 3$31K
Total revenueLn 12$239K
Assets in detailPt X, end of year
CashLn 1$473K
Cash and savings togetherLn 1–2$473K
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$1.9M
LiabilitiesLn 26$387K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$211K$269K$231K$217K$213K
SpentLn 1d–1f$11K$5K$5K$6K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$459K$473K
InvestmentsLn 11–13$1.7M$1.4M
Land, buildings, equipmentLn 10c$2K$5K
Total assetsLn 16$2.2M$1.9M
LiabilitiesLn 26$349K$387K
Net assetsLn 32$1.8M$1.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Grants to domestic individualsLn 2$10K$10K
Investment management feesLn 11f$10K$10K
Office expensesLn 13$2K$2K
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$227K$227K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$264K$254K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 12, 2026 $988K$993K−$5K$1.9M 990 PDF
FY2024Filed with the IRS Feb 13, 2025 $229K$305K−$76K$1.8M 990 PDF
FY2023Filed with the IRS Jul 16, 2024 $279K$312K−$33K$1.6M 990 PDF
FY2022 ViewingFiled with the IRS Jun 28, 2023 $239K$264K−$25K$1.5M 990 PDF
FY2021Filed with the IRS Mar 2, 2022 $126K$98K$28K$1.8M 990 PDF
FY2020Filed with the IRS Feb 15, 2021 $77K$67K$10K$1.6M 990 PDF

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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 $238,517 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,462$207,318
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $35,537$31,199
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $125,999$238,517
I-13 Grants and similar amounts paidPrior year $26,000$11,000
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 $71,787$252,649
I-18 Total expensesPrior year $97,787$263,649
I-19 Revenue less expensesPrior year $28,212−$25,132
Part VI · Governance 51 of 52 board members independent, 1 to look at
VI-1a Voting members of the governing body52
VI-1b Independent voting members51
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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $238,517 across 5 lines filed
VIII-1e Government grants$7,500
VIII-1f All other contributions, gifts and grants$199,818
VIII-1h Total contributions, gifts and grants$207,318
VIII-3 Investment incomeExcluded from tax $31,199$31,199
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $31,199$238,517
Part IX · Statement of functional expenses $263,649 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000$1,000
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-11f Investment management feesManagement $9,782$9,782
IX-13 Office expensesPrograms $1,916$1,916
IX-17 TravelPrograms $5,382$5,382
IX-22 Depreciation, depletion and amortizationPrograms $1,904$1,904
IX-24 Other expenses (24a–d)Programs $226,706$226,706
IX-24e All other expensesPrograms $6,959$6,959
IX-25 Total functional expensesPrograms $253,867 · Management $9,782 · Fundraising $0$263,649
Part X · Balance sheet $1,913,859 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $458,812$472,964
X-4 Accounts receivable$5,000
X-10c Land, buildings and equipment, netStart of year $1,817$5,241
X-11 Publicly traded securitiesStart of year $1,736,054$1,430,654
X-16 Total assetsStart of year $2,196,767$1,913,859
X-17 Accounts payable and accrued expensesStart of year $15,842$2,054
X-19 Deferred revenueStart of year $333,320$385,391
X-26 Total liabilitiesStart of year $349,162$387,445
X-28 Net assets with donor restrictionsStart of year $1,847,605$1,526,414
X-32 Total net assets or fund balancesStart of year $1,847,605$1,526,414
X-33 Total liabilities and net assetsStart of year $2,196,767$1,913,859
Part XI · Reconciliation of net assets $1,526,414 net assets at year end
XI-1 Total revenue$238,517
XI-2 Total expenses$263,649
XI-3 Revenue less expenses−$25,132
XI-4 Net assets at start of year$1,847,605
XI-5 Net unrealized gains (losses) on investments−$319,390
XI-9 Other changes in net assets$23,331
XI-10 Net assets at end of year$1,526,414

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

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