2016-2017 Annual Report
“To promote business prosperity and a thriving community by providing services, advocacy and education for our members.�
Fiscal Highlights August 2016 Business Lexpo More than 60 businesses connected with one another and the Midlands community at the 2016 Business Lexpo as St. Stephen’s Lutheran Church. Lexington Growth Forum A growth forum was held for guests to see the economic impact of housing in Lexington County. September 2016 Professional Development Series Begins Members enjoyed the first of many professional development series designed to give professionals applicable skills to take back to the workplace. October 2016 Lexington Craft Beerfest The Chamber hosted the first Lexington Craft Beerfest at the new Icehouse Amphitheater in downtown Lexington. November 2016 New Faces Join Chamber Staff The Chamber staff welcomed Tabitha Davis, visitors center coordinator, and Adam DeLoach, director of membership, to the team. Fall Golf Classic Members and their colleagues teed off at Golden Hills Golf and Country Club during the 2016 Fall Golf Classic. February 2017 Wrapped Vehicle Forum Members met with Town Administrator Britt Poole and Mayor Pro-Tem Hazel Livingston to advocate for flexibility with the Town’s sign ordinance that affects small businesses with wrapped vehicles.
Chamber Awards Night Chamber Awards Night was held at Saluda Shoals Park where members celebrated the accomplishments of other local businesses and professionals.
851 Total membership
March 2017
74%
8th Annual Oyster Roast and St. Patrick’s Day Party The 8th Annual Oyster Roast and St. Patrick’s Day Party brought the community to the Icehouse Amphitheater for food and fun.
162,185
Annual retention
April 2017
Total page views on lexingtonsc.org
New website The Chamber’s new design for lexingtonsc.org launched with special thanks to Splash Omnimedia.
3,305
May 2017 27th Annual Spring Golf Tournament Member businesses and professionals packed the Country Club of Lexington for the largest Spring Golf Tournament to date with more than 200 players and businesses set up on almost every whole and tee. Doris Burkett Scholarships Awarded The Chamber awarded two Lexington School District One students each with a $3,000 scholarship. June 2017 Member Appreciation Week Members enjoyed complimentary events that catered to the needs of their businesses and recognized their investment in the Chamber. Renovated Visitors Center The visitors center revitalized its look with the addition of new furniture, technology and décor. Metropol Named Board Chair Shelley Metropol, owner/broker with Experienced Real Estate Group, succeeded Tod Augsburger, president and CEO of Lexington Medical Center, as chair of the Chamber’s board of directors.
311 W. Main St., Lexington, SC • (803) 359-6113 • www.lexingtonsc.org
Facebook Fans
4,074 Followers on Twitter
79 Total events
353 Welcome bags and relocation packages given
285 Total facility rentals
All numbers displayed above are as of June 30, 2017.
FY 2017 Financials
Who We Are
Current assets Cash and cash equivalents Accounts receivable Pledges receivable Prepaid expenses and other assets Total current assets
$ 279,500 9,300 9,316 298,116
Property and equipment, net Total assets
1,187,033 $ 1,485,149
Liabilities and Net Assets Current liabilities Accounts payable Due to the Midlands Chamber Coalition Accrued interest Current portion of long-term debt Current portion of capital lease Unredeemed gift certificates Deferred revenue Total current liabilities
$ 3,195 1,459 97,780 2,096 9,139 218,676 332,525
Noncurrent Liabilities Capital lease Long-term debt Total noncurrent liabilities Total liabilities
1,269 184,493 185,762 518,287
Net assets Unrestricted Board designated for building fund Total Net assets
885,251 81,611 966,862
Total liabilities and net assets
$ 1,485,149
Accountant’s Conclusion
Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in accordance with accounting principles generally accepted in the United States of America. To improve the clarity of the communication of financial information, financial statements were converted using Generally Accepted Accounting Principles (GAAP) .
Since 1959, The Greater Lexington Chamber and Visitors Center and its staff have been driven to help build a better community that both our residents and visitors can enjoy.
Mission
It’s our mission to promote business prosperity and a thriving community by providing services, advocacy and education for our members. With over 800 businesses we call members, our services and initiatives are based on our core values.
Core Values • • • • • •
Passion Communication Trustworthiness Vision Innovative Accountable
Our Goals Before the beginning of fiscal year 2017, the Chamber staff participated in a full-day strategic planning session with Jim Fadell with Carolina Training & Assessments to establish goals to accomplish. • Have a new, mobile-friendly, live and operational website that delivers a user experience acceptable to internal and external customers • Implement an on-going process that identifies public policy issues based on member input and develops a strategy to address them • Develop a comprehensive timeline that defines the application process and submission of application to the US Chamber for accreditation • Raise the awareness of Chamber vision and mission • Develop and implement a plan to raise the average retention
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FY 17 Board of Directors Executive Committee Tod Augsburger, Chair Lexington Medical Center Marvin Robinson, Past Chair Wells Fargo Shelley Metropol, Chair Elect Experienced Real Estate Group Troy Simpson, Secretary Mid-Carolina Electric Cooperative Mark Hendrix, Treasurer Burkett, Burkett & Burkett CPA Board Members Chip Bagnal Carpet One of Lexington Joel Carter Jumper Carter Sease Architects
Marcus Croswell NBSC
Michael Tucker Chick-Fil-A of Lexington
Britt Poole Town Administrator
Scott Howerton US Foods
Mike Williams Michelin North America
Kenny Jackson SCANA
Ex-Officios Rep. Todd Atwater SC House
Staff Otis Rawl President/CEO
Chris Petty Budget Blinds of Lexington George Reeves Fisher & Phillips, LLP William Robinson The SEFA Group Allison Sanford Palmetto Health
Jimmy Compton Columbia Metropolitan Airport
Tabitha Davis Visitors Center Coordinator
Bill Kirkland Univ. of South Carolina Office of Economic Engagement
Adam DeLoach Director of Membership
Dr. Greg Little Lexington County School District One
Ben Spearman Comporium Shawn Stinson BlueCross BlueShield of South Carolina
Elite Partners
Style and service for every budget.
TM
Sondra Gettys VP, IOM
Joe Mergo County Administrator
Jill Gibson Membership Investment Representative Melanie Sandor Finance and Operations Manager Connor Watkins Multimedia Strategist