Belgian American Chamber Of The South
- Assets
- $49.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3513968
Organization Overview
Belgian American Chamber Of The South is located in Duluth, GA. The organization was established in 2014. 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. Belgian American Chamber Of The South 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, Belgian American Chamber Of The South generated $66.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $63.9k during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 4 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 HAS NETWORKING AND EDUCATIONAL EVENTS THROUGHOUT THE YEAR TO PROMOTE TRADE BETWEEN BELGIUM AND THE UNITED STATES, TO SHARE BELGIAN AND AMERICAN CULTURES, CUSTOMS, AND BUSINESS STANDARDS, AND TO ENCOURAGE PROFESSIONAL RELATIONSHIPS BETWEEN BELGIAN AND AMERICAN BUSINESSES AND INDIVIDUALS. THERE IS AN AVERAGE OF SIX EVENTS EACH YEAR. THESE EVENTS INCITE MEMBERSHIP AND BUSINESS RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Vervloesem Board Member | 1 | $0 | |
James Blair Board Member | 1 | $0 | |
Aimee Redick Board Member | 1 | $0 | |
Jl Vanderstraeten Board Member | 1 | $0 | |
Silvia Saey Board Member | 1 | $0 | |
Melissa Ratliff Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,509 |
| Total Program Service Revenue | $0 |
| Membership dues | $134,901 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$83,278 |
| Other Revenue | $0 |
| Total Revenue | $66,132 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,719 |
| Professional fees and other payments to independent contractors | $36,141 |
| Occupancy, rent, utilities, and maintenance | $1,602 |
| Printing, publications, postage, and shipping | $4,043 |
| Other expenses | $15,429 |
| Total expenses | $63,934 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,137 |
| Other assets | $0 |
| Total assets | $49,137 |
| Total liabilities | $2,288 |
| Net assets or fund balances | $46,849 |