Opelika Chamber Foundation
- Assets
- $1.0m
- Revenue
- $831.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Opelika, AL
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 47-2915098
Organization Overview
Opelika Chamber Foundation, operating under the name Opelika Chamber Foundation Inc, is located in Opelika, AL. The organization was established in 2015. 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. Opelika Chamber Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Opelika Chamber Foundation Inc generated $831.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $84.0k during the year ending 12/2023. 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 FOUNDATIONS PRIMARY PURPOSE IS TO SUPPORT THE PHILANTHROPIC, ECONOMIC DEVELOPMENT AND COMMUNITY BUILDING EFFORTS OF OUR PARTNER ORGANIZATION,THE OPELIKA CHAMBER OF COMMERCE.WE WORK TO ADDRESS CHALLENGES FACING OUR COMMUNITY,INCLUDING WORKFORCE DEVELOPMENT AND OTHER BARRIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE IS TO RAISE FUNDS FOR A SERVICE PROJECT TO BE ADMINISTERED ANNUALLY FOR THE 20 UNDER 40 GROUP. ALL FUNDS WERE RAISED AND SPENT TO RENOVATE A TEEN ROOM FOR THE BOYS & GIRLS CLUB OF GREATER LEE COUNTY IN 2022. THE EXEMPT PURPOSE IS TO RAISE FUNDS FOR THE RENOVATION AND CAPITAL CAMPAIGN PROJECT FOR A WORKFORCE DEVELOPMENT AND TRAINING CENTER LOCATED AT 200 S. 6TH STREET IN OPELIKA, ALABAMA, WHICH WILL HOUSE THE OPELIKA CHAMBER OF COMMERCE, THE OPELIKA CHAMBER FOUNDATION, AND AUBURN-OPELIKA TOURISM, IN ADDITION TO A BUSINESS INCUBATOR AND TRAINING FACILITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Canada Member | Trustee | 0 | $0 |
Shey Knight Member | Trustee | 0 | $0 |
Allen Bridges Member | Trustee | 0 | $0 |
Malcom Marshall Member | Trustee | 0 | $0 |
Mike Buckalew Member | Trustee | 0 | $0 |
Nathan Mitchell Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $825,676 |
| 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 | $825,676 |
| Total Program Service Revenue | $4,530 |
| Investment income | $189 |
| 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 | $831,782 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,916 |
| 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 | $0 |
| Interest | $387 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,800 |
| Total functional expenses | $84,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,333 |
| 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 | $538,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,027,663 |
| Accounts payable and accrued expenses | $18,208 |
| 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 | $0 |
| Total liabilities | $18,208 |
| Net assets without donor restrictions | $1,009,455 |
| 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 | $1,027,663 |