Putnam County Chamber Of Commerce
- Assets
- $604.0k
- Revenue
- $294.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Hurricane, WV
- Founding
- 05/1979
- Data as of
- 12/2022
- EIN
- 31-0951886
Organization Overview
Putnam County Chamber Of Commerce is located in Hurricane, WV. The organization was established in 1979. 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 12/2022, Putnam County Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam 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 12/2022, Putnam County Chamber Of Commerce generated $294.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $339.0k during the year ending 12/2022. While expenses have increased by 1.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PUTNAM COUNTY AREA AS WELL AS PROVIDE INFORMATION ON BUSINESSESS IN PUTNAM COUNTY TO OTHER BUSINESSES AND THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL DINNER ANNUAL DINNER MEETING AND CELEBRATION WHERE ALL CHAMBER MEMBERS REPRESENTING ESTABLISHMENTS OF ALL SIZES AND KINDS GATHER IN SUPPORT AND GROWTH OF PUTNAM COUNTY BUSINESSES. VARIOUS AWARDS AND MOMENTS OF RECOGNITIONARE GIVEN TO IDIVIDUALS AND BUSINESSES IN THE AREA.
OTHER EVENTS PROMOTING PUTNAM COUNTY BUSINESSES BUSINESS AFTER HOURS, BUSINESS BEFORE HOURS, AND OTHER EVENTS PROMOTING PUTNAM COUNTY BUSINESSES
ANNUAL GOLF FUNDRAISER THE MOST POPULAR ANNUAL EVENT FOR THE CHAMBER. ENTRY FEES AND SPONSORSHIPS SUPPORT THE CHAMBERS MISSION. THIS IS ALSO AN EXCELLENT OPPORTUNITY FOR AREA MERCHANTS TO PROMOTE THEIR BUSINESSES BY OFFERING DOOR PRIZES, GIFTS AND GET NAME RECOGNITION WITH VARIOUS SIGNAGE AND IN THE OFFICIAL TOURNAMENT PROGRAM.
FOOD TRUCK FESTIVAL EVENT WITH A SELECT GROUP OF WV FOOD TRUCKS, ARTISAN VENDORS AND DEMONSTRATIONS, A CORN HOLE TOURNAMENT AND GREAT LIVE MUSIC. BUSINESSES ARE GIVEN THE OPPORTUNITY TO PROMOTE THEIR BUSINESS, AND THE COUNTY IS PROMOTED STATEWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Embree Board Member | Trustee | 1 | $0 |
Brian Moore Vice Chair | OfficerTrustee | 1 | $0 |
Michelle Daughtery Board Member | Trustee | 1 | $0 |
Rocky Young Past Chair | OfficerTrustee | 1 | $0 |
Eric Tarr Board Member | Trustee | 1 | $0 |
Jon Webster Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $171,620 |
| Fundraising events | $2,983 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $174,603 |
| Total Program Service Revenue | $54,115 |
| Investment income | $396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,241 |
| 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 | $294,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $62,404 |
| Compensation of current officers, directors, key employees. | $62,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,255 |
| Pension plan accruals and contributions | $923 |
| Other employee benefits | $0 |
| Payroll taxes | $10,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,827 |
| Office expenses | $20,953 |
| Information technology | $21,805 |
| Royalties | $0 |
| Occupancy | $35,546 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $688 |
| Interest | $16,936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,606 |
| Insurance | $4,257 |
| All other expenses | $3,576 |
| Total functional expenses | $339,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,631 |
| 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 | $546,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $604,014 |
| Accounts payable and accrued expenses | $2,035 |
| 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 | $366,027 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,336 |
| Total liabilities | $403,398 |
| 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 | $200,616 |
| Total liabilities and net assets/fund balances | $604,014 |