Huntsville Committee Of 100 Inc
- Assets
- $181.2k
- Revenue
- $353.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Huntsville, AL
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 02-0641803
Organization Overview
Huntsville Committee Of 100 Inc is located in Huntsville, AL. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Huntsville Committee Of 100 Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntsville Committee Of 100 Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Huntsville Committee Of 100 Inc generated $353.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $341.9k during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A CATALYST IN STIMULATING THE HUNTSVILLE-AREA ECONOMIC DEVELOPMENT BY WORKING WITH COMMUNITY PARTNERS TO DEVELOP COOPERATIVE SOLUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE MEETINGS AMONG MEMBERS TO CREATE A NETWORK TO IMPROVE THE BUSINESS CLIMATE OF HUNTSVILLE-MADISON COUNTY, ALABAMA
OTHER EXEMPT PURPOSE EXPENSES
ORGANIZE MEETINGS AMONG MEMBERS TO CREATE A NETWORK TO IMPROVE THE BUSINESS CLIMATE OF HUNTSVILLE-MADISON COUNTY, ALABAMA
OTHER EXEMPT PURPOSE EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Allen CEO | 40 | $117,810 | |
Linda Akenhead Director | Trustee | $0 | |
Tracy Doughty Director | Trustee | $0 | |
Leah Gradl Cc Chair | Trustee | $0 | |
Lynne Berry Vallely C100 Chair | Trustee | $0 | |
Scott Averbuch Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $285,351 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,471 |
| Total Program Service Revenue | $58,872 |
| Investment income | $722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,102 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,377 |
| Pension plan accruals and contributions | $3,000 |
| Other employee benefits | $7,800 |
| Payroll taxes | $14,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,083 |
| Advertising and promotion | $780 |
| Office expenses | $6,433 |
| Information technology | $2,558 |
| Royalties | $0 |
| Occupancy | $12,986 |
| Travel | $65 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,513 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,553 |
| All other expenses | $0 |
| Total functional expenses | $341,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,754 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $181,172 |
| Accounts payable and accrued expenses | $9,259 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,438 |
| Total liabilities | $19,697 |
| Net assets without donor restrictions | $161,475 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $181,172 |
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