Nonprofit · EIN 57-0739555
INDEPENDENT BANKS OF SOUTH CAROLINA
Tax-exempt · CHAPIN, SC 29036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $592,195 | $478,656 | $113,539 | $782,454 | $0 | $782,454 |
| December 31, 2023 | 990 | $575,370 | $477,274 | $98,096 | $672,895 | $3,980 | $668,915 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $130,121
- Membership dues
- $130,121
- Program service revenue
- $329,216
- Investment income
- $28,099
- Royalties
- $104,759
- Other revenue
- $104,759
Expenses
- Grants and similar amounts paid
- $2,350
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $15,845
- Travel
- $7,797
Balance sheet and other
- Total assets, start of year
- $672,895
- Total assets, end of year
- $782,454
- Total liabilities, end of year
- $0
- Net assets, end of year
- $782,454
- Net assets without donor restrictions
- $782,454
- Gross receipts
- $592,195
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1972
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD BRYANT | DIRECTOR Trustee or director | 1 | $0 |
| BROOKS MELTON | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS BOUCHETTE | DIRECTOR Trustee or director | 1 | $0 |
| L FORD SANDERS II | DIRECTOR Trustee or director | 1 | $0 |
| R GRIER SANDIFER JR | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL CROMER | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD M FEWELL | DIRECTOR Trustee or director | 1 | $0 |
| DAVID WHITFIELD | DIRECTOR Trustee or director | 1 | $0 |
| CURTIS T EVATT | DIRECTOR Trustee or director | 1 | $0 |
| DAVID TOMPKINS | DIRECTOR Trustee or director | 1 | $0 |
| BECKY OUTLAW | DIRECTOR Trustee or director | 1 | $0 |
| JAMES A TIMMERMAN | SECOND PAST PRESIDENT Trustee or director | 1 | $0 |
| JAMES A BENNETT | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT WILLIAMSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRENT S GARRETT | PRESIDENT-ELECT Trustee or director, Officer | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES M BUNTON JR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| STACEY R MCINNIS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD BRYANT | DIRECTOR Trustee or director | 1 | $0 |
| BROOKS MELTON | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS BOUCHETTE | DIRECTOR Trustee or director | 1 | $0 |
| L FORD SANDERS II | DIRECTOR Trustee or director | 1 | $0 |
| STACEY R MCINNIS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL CROMER | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD M FEWELL | DIRECTOR Trustee or director | 1 | $0 |
| RODDEY B GETTYS | DIRECTOR Trustee or director | 1 | $0 |
| CURTIS T EVATT | DIRECTOR Trustee or director | 1 | $0 |
| DAVID TOMPKINS | DIRECTOR Trustee or director | 1 | $0 |
| BECKY OUTLAW | DIRECTOR Trustee or director | 1 | $0 |
| JAMES A TIMMERMAN | IMMEDIATE PAST PRESIDENT Trustee or director | 1 | $0 |
| JAMES R FOWLER JR | SECOND PAST PRESIDENT Trustee or director | 2 | $0 |
| JAMES A BENNETT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT WILLIAMSON | PRESIDENT ELECT Trustee or director, Officer | 1 | $0 |
| BRENT S GARRETT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES M BUNTON JR | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 214, CHAPIN, SC 29036-0214
- Principal officer (990 for 2024)
- TERESA TAYLOR, PO BOX 214, CHAPIN, SC 29036
- Signed the 990
- TERESA TAYLOR, EXECUTIVE DIRECTOR
- Phone
- (803) 772-5354
- Website
- WWW.MYIBSC.ORG
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
Mission
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.
Program accomplishments
- SEMINARS & MEETINGS WERE HOSTED TO PROVIDE INFORMATION ON SUBJECT MATTER OF INTEREST TO MEMBERS AND PROVIDES OPPORTUNITIES TO DISCUSS AND SHARE IDEAS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0739555
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $782,454
- Income (IRS master file)
- $592,195
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $592,195 | $478,656 | $782,454 | XML |
| 990 | December 2023 | $575,370 | $477,274 | $672,895 | XML |
| 990 | December 2022 | $534,715 | $518,244 | $579,954 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0739555).
Questions about INDEPENDENT BANKS OF SOUTH CAROLINA
- What is the EIN of INDEPENDENT BANKS OF SOUTH CAROLINA?
- The employer identification number (EIN) of INDEPENDENT BANKS OF SOUTH CAROLINA is 57-0739555.
- Is INDEPENDENT BANKS OF SOUTH CAROLINA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Which annual return does INDEPENDENT BANKS OF SOUTH CAROLINA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDEPENDENT BANKS OF SOUTH CAROLINA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT BANKS OF SOUTH CAROLINA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDEPENDENT BANKS OF SOUTH CAROLINA?
- The 990 for the year ended December 31, 2024 names TERESA TAYLOR.
- Who are the officers and directors of INDEPENDENT BANKS OF SOUTH CAROLINA?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does INDEPENDENT BANKS OF SOUTH CAROLINA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $592,195, expenses of $478,656 and total assets of $782,454 at year end.
Other nonprofits in CHAPIN
- SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST EIN 57-0741877 · last filed 990 for 2025
- ODYSSEY ONLINE LEARNING EIN 26-3527171 · last filed 990 for 2025
- CHAPIN WE CARE CENTER EIN 31-1744064 · last filed 990 for 2025
- FISHERS OF MEN OF SUMTER INC EIN 57-1035646 · last filed 990 for 2024
- SOUTH CAROLINA PHYSICIANS CARE CHARITY INC EIN 57-0787036 · last filed 990 for 2025
- JOE & GLADYS GRIMAUD FOUNDATION EIN 33-2472263 · last filed 990-PF for 2024
- CHAPIN EAGLE CLUB EIN 57-0838526 · last filed 990 for 2025
- BLUE RIBBON SCHOOLS OF EXCELENCE INC EIN 30-0151472 · last filed 990 for 2025