Colonial Heights & Petersburg Chamber Of Commerce Of Commerce
- Assets
- $200.1k
- Revenue
- $336.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Colonial Heights, VA
- Founding
- Data as of
- 12/2023
- EIN
- 23-7370761
Organization Overview
Colonial Heights & Petersburg Chamber Of Commerce Of Commerce is located in Colonial Heights, VA. As of 12/2023, Colonial Heights & Petersburg Chamber Of Commerce Of Commerce employed 2 individuals. Colonial Heights & Petersburg Chamber Of Commerce 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 12/2023, Colonial Heights & Petersburg Chamber Of Commerce Of Commerce generated $336.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $298.1k during the year ending 12/2023. While expenses have increased by 14.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER BRINGS TOGETHER BUSINESS MEMBERS, GOVERNMENT OFFICIALS, AND COMMUNITY LEADERS TO ADDRESS AND RESOLVE THEIR ISSUES/CONCERNS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER BRINGS TOGETHER BUSINESS MEMBERS, GOVERNMENT OFFICIALS, AND COMMUNITY LEADERS TO ADDRESS AND RESOLVE THEIR ISSUES/CONCERNS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katrina Mayes President | Officer | 1 | $0 |
Ray Ferguson Vice President | Officer | 1 | $0 |
Eric Crawford Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $122,772 |
| Fundraising events | $152,101 |
| Related organizations | $0 |
| Government grants | $6,590 |
| 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 | $281,463 |
| Total Program Service Revenue | $14,147 |
| Investment income | $31 |
| 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 | $336,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,834 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,464 |
| Compensation of current officers, directors, key employees. | $99,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,500 |
| Advertising and promotion | $12,921 |
| Office expenses | $148,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,412 |
| Interest | $2,475 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,596 |
| All other expenses | $0 |
| Total functional expenses | $298,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $176,146 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| 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 | $200,097 |
| Accounts payable and accrued expenses | $0 |
| 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 | $42,686 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,686 |
| Net assets without donor restrictions | $0 |
| 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 | $157,411 |
| Total liabilities and net assets/fund balances | $200,097 |