2024-11-05T12:17:26-06:00 2023-12-31 570381582 ELLIOTT DAVIS LLCPLLC 2151 PICKENS STREET SUITE 200 COLUMBIA SC 29201 990 2023-01-01 570739555 INDEPENDENT BANKS OF SOUTH CAROLINA INDE 8037725354 PO BOX 214 CHAPIN SC 29036 TERESA TAYLOR EXECUTIVE DIRECTOR 8032566404 2024-11-05 1 1 MARY BAILEY P01708660 8032560002 2024-11-05 2023 2024-10-15 13:58:12Z TERESA TAYLOR PO BOX 214 CHAPIN SC 29036 575370 0 X WWW.MYIBSC.ORG X 1972 SC TO CREATE AND PROMOTE AN ENVIRONMENT WHERE COMMUNITY BANKS IN SOUTH CAROLINA FLOURISH. 17 17 0 20 0 0 125888 129169 340232 343707 235 1374 68360 101120 534715 575370 1800 2350 0 0 0 0 0 0 0 516444 474924 518244 477274 16471 98096 579954 672895 9135 3980 570819 668915 TO SERVE THE INDEPENDENT BANKS OF SOUTH CAROLINA BY PROVIDING A FORUM FOR THE EXCHANGE OF IDEAS AND INFORMATION, PROVIDE EDUCATION OPPORTUNITIES, AND FACILITATE INTERACTION BETWEEN COMMUNITY BANKS. 0 0 SEMINARS & MEETINGS WERE HOSTED TO PROVIDE INFORMATION ON SUBJECT MATTER OF INTEREST TO MEMBERS AND PROVIDES OPPORTUNITIES TO DISCUSS AND SHARE IDEAS. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X TERESA TAYLOR 8035370414 PO BOX 214 CHAPIN SC 29036 X EDWARD BRYANT DIRECTOR 1.00 X 0 0 0 BROOKS MELTON DIRECTOR 1.00 X 0 0 0 THOMAS BOUCHETTE DIRECTOR 1.00 X 0 0 0 L FORD SANDERS II DIRECTOR 1.00 X 0 0 0 STACEY R MCINNIS DIRECTOR 1.00 X 0 0 0 MICHAEL CROMER DIRECTOR 1.00 X 0 0 0 EDWARD M FEWELL DIRECTOR 1.00 X 0 0 0 RODDEY B GETTYS DIRECTOR 1.00 X 0 0 0 CURTIS T EVATT DIRECTOR 1.00 X 0 0 0 DAVID TOMPKINS DIRECTOR 1.00 X 0 0 0 BECKY OUTLAW DIRECTOR 1.00 X 0 0 0 JAMES A TIMMERMAN IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 JAMES R FOWLER JR SECOND PAST PRESIDENT 2.00 X 0 0 0 JAMES A BENNETT PRESIDENT 1.00 X X 0 0 0 SCOTT WILLIAMSON PRESIDENT ELECT 1.00 X X 0 0 0 BRENT S GARRETT VICE PRESIDENT 1.00 X X 0 0 0 JAMES M BUNTON JR SECRETARY/TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 129169 129169 ANNUAL CONVENTION 900099 250654 250654 SEMINARS & MEETING 900099 63673 63673 CAPITAL SUMMIT 900099 9288 9288 20092 20092 343707 1374 1374 101120 101120 575370 323615 0 122586 1000 1350 89623 14445 28949 17597 5834 12744 274374 2000 BANK CHARGES 8686 MEALS AND ENTERTAINMENT 7499 DUES AND SUBSCRIPTIONS 232 12941 477274 346122 25470 209482 630700 3350 1725 21000 15000 579954 672895 9135 3980 9135 3980 X 570819 668915 570819 668915 579954 672895 98096 0 X X 0 1 X 1 0 0 0 0 129169 28949 28949 38751 -9802 0 X 575370 0 575370 0 575370 477274 0 477274 0 477274 PART X, LINE 2: IBSC IS A CORPORATION UNDER THE LAWS OF THE STATE OF SOUTH CAROLINA AND HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. IBSC IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF AN UNCERTAIN POSITION HAS BEEN TAKEN THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS APPROVED BY THE AUDIT/FINANCE COMMITTEE AND A COPY IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY DISCLOSURE FORM IS SIGNED ANNUALLY BY THE BOARD TO MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST. PART XII, LINE C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.