Independent Banks Of South Carolina

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 570739555 ✦ Chapin, SC ✦ Designated as a 501(c)(6)

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Overview

What is Independent Banks Of South Carolina?

Independent Banks of South Carolina is a nonprofit organization headquartered in Chapin, South Carolina. Their primary objective is to foster and strengthen the growth of community banks within South Carolina. They accomplish this by hosting seminars and meetings to share valuable information and ideas among members, and by providing educational opportunities. The organization serves as a platform for interaction between community banks, aiming to create a supportive environment for their success.


Official website here: www.myibsc.org

What do the Facebook reviews say about Independent Banks Of South Carolina?

92% of 11 reviewers on Facebook recommend the Independent Banks of South Carolina. Here is a summary of their reviews:

The sentiment expressed in the reviews indicates a general satisfaction with the services provided by the nonprofit. However, there is a mention of some controversy regarding recent leadership changes, which has raised concerns for at least one reviewer. This implies that while many appreciate the organization's efforts, there may be some hesitation linked to governance issues.

Overall, while the majority of feedback reflects a positive view of the organization's impact and reliability, it is important to note that the presence of concerns suggests a need for ongoing transparency and communication to maintain trust among supporters.


This AI summary has been generated from reviews found on Facebook.

Is Independent Banks Of South Carolina legitimate?

Independent Banks Of South Carolina is a legitimate nonprofit organization registered as a 501(c)(6) entity. Independent Banks Of South Carolina submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.myibsc.org

What is the mission statement of Independent Banks Of South Carolina?

Independent Banks of South Carolina's mission is centered around fostering an environment that allows community banks in South Carolina to thrive. To achieve this, they provide a platform for the exchange of ideas and information among its members. The organization also offers educational opportunities and facilitates interactions between these community banks. They accomplish this by hosting seminars and meetings, providing a space for members to discuss and share their thoughts on topics of interest.


Official website here: www.myibsc.org

Who is the CEO of Independent Banks Of South Carolina?

Teresa Taylor is the Director of Independent Banks Of South Carolina.


Official website here: www.myibsc.org

What is the revenue of Independent Banks Of South Carolina?

Independent Banks Of South Carolina's revenue in 2022 was $534,715.


Official website here: www.myibsc.org

Who are the executives of Independent Banks Of South Carolina and what are their salaries?

There 20 volunteers at Independent Banks Of South Carolina.


Here are 17 key members and their salaries:


Eugene Varn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooks Melton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James M Ivey Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
L Ford Sanders Ii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacey Mcinnis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Cromer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Fewell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roddey B Rod Gettys (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis T Evatt (At Large Seat #1)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Thompkins (At Large Seat #2)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Bryant (Leaders Of Tomorrow)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vera B Herbert (Second Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James R Fowler Jr (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James A Timmerman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James A Bennett (President Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Williamson (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent S Garrett (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.myibsc.org

Where can I find the form 990 for Independent Banks Of South Carolina?

Independent Banks Of South Carolina's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.myibsc.org

Learn more at the official website: www.myibsc.org

Mission Statement of Independent Banks Of South Carolina

Independent Banks of South Carolina, as an organization, is dedicated to cultivating an environment that supports the prosperity of community banks within South Carolina. Its mission is multifaceted, aiming to serve the independent banks of the region by offering a platform for the exchange of ideas and information, providing educational opportunities, and facilitating interactions between these banks. Through hosting seminars and meetings, the organization shares valuable information on topics of interest to its members, fostering an environment where ideas can be discussed and shared. By doing so, Independent Banks of South Carolina plays a crucial role in supporting the growth and development of community banks within South Carolina.

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Impact




October, 2024

Independent Banks of South Carolina plays a vital role in fostering a supportive environment for community banks within the state. By organizing seminars and meetings, they provide essential resources and knowledge-sharing opportunities, helping member banks to stay informed on relevant topics and trends in the banking industry. This collaboration facilitates the exchange of ideas and experiences among banking professionals, enhancing the overall effectiveness and competitiveness of community banks.

The organization’s mission to serve as a forum for independent banks encourages educational growth and professional development. This focus on creating educational opportunities not only empowers bank employees but also strengthens the local banking sector, ensuring that these institutions can better serve their customers and communities. By promoting interaction among banks, Independent Banks of South Carolina enhances networking opportunities and fosters relationships that can lead to collaborative initiatives and shared best practices.

Overall, their influence contributes to the resilience and sustainability of community banking in South Carolina, ultimately supporting economic growth and stability in the region.




This information is meant to be a general summary of Independent Banks Of South Carolina. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$534,715 (2022)
Expenses
$518,244 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $235
  • Program Service Revenue: $340,232
  • Gross Receipts: $534,715

Assets and Liabilities:

  • Total Assets: $579,954
  • Total Liabilities: $9,135
  • Net Assets: $570,819

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ANNUAL CONVENTION

Revenue

$204,339

SEMINARS & MEETING

Revenue

$130,738

Organization Details

Founding Year

1972

Principal Officer

Teresa Taylor

Main Address

PO BOX 214, CHAPIN, SC, 29036

NTEE Category

Code: V03 - Social research

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