Mt Sterling Montgomery County Chamber Of Commerce
- Assets
- $298.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Sterling, KY
- Founding
- 09/2005
- Data as of
- 06/2022
- EIN
- 20-2181847
Organization Overview
Mt Sterling Montgomery County Chamber Of Commerce is located in Mt Sterling, KY. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Sterling Montgomery County Chamber Of Commerce 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 06/2022, Mt Sterling Montgomery County Chamber Of Commerce generated $139.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $119.5k during the year ending 06/2022. While expenses have increased by 4.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CHAMBER'S MISSION IS TO ADVANCE THE COMMERCIAL, AGRICULTURAL, INDUSTRIAL AND CIVIC INTERESTS OF MOUNT STERLING AND MONTGOMERY COUNTY, KY AND ITS TRADE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Rainey Executive Director | 35 | $50,000 | |
Lacy Marshall Director | 1 | $0 | |
Brittany Patrick Treasurer | 1 | $0 | |
Vickie Earley Director | 1 | $0 | |
Gary Hamilton Director | 1 | $0 | |
Laura Tipton Ex-Officio | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $65,000 |
| Membership dues | $51,581 |
| Investment income | $9,570 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,010 |
| Other Revenue | $13,837 |
| Total Revenue | $138,978 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $71,566 |
| Professional fees and other payments to independent contractors | $1,276 |
| Occupancy, rent, utilities, and maintenance | $7,020 |
| Printing, publications, postage, and shipping | $2,698 |
| Other expenses | $36,942 |
| Total expenses | $119,502 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,588 |
| Other assets | $0 |
| Total assets | $298,361 |
| Total liabilities | $86,307 |
| Net assets or fund balances | $212,054 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mt Sterling Montgomery County Chamber Of Commerce has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |