Isle Of Wight Smithfield Chamber Of Commerce

Organization Overview

Isle Of Wight Smithfield Chamber Of Commerce is located in Smithfield, VA. The organization was established in 1986. 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. Isle Of Wight Smithfield 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 06/2024, Isle Of Wight Smithfield Chamber Of Commerce generated $305.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $158.4k during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE CHAMBER OF COMMERCE WAS FOUNDED TO PROMOTE A POSITIVE BUSINESS ENVIRONMENT INGREATER ISLE OF WIGHT COUNTY, VIRGINIA FOR THE PURPOSE OF ECONOMIC DEVELOPMENT ANDSUPPORT TO THE GENERAL BUSINESS COMMUNITY. ITS MISSION INCLUDES EDUCATION,SUPPORT AND DEVELOPMENT AND IT ACCOMPLISHES THESE THROUGH ITS PROGRAMS ANDPUBLICATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ASSIST AND PROMOTE BUSINESS IN GREATER ISLE OF WIGHT COUNTY, VIRGINIA.PROGRAMS INCLUDE PROMOTIONAL, EDUCATIONAL AND INFORMATIONAL PRESENTATIONS THAT FOSTER THE DEVELOPMENT OF ECONOMIC GROWTH.


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Board, Officers & Key Employees

Name (title)Compensation
Jessica Jones-Healey
Immediate Past Chairman
$0
Mischelle Goodman
Secretary
$0
James Hassell
Immediate Past Chairman
$0
Ian Brim
Treasurer
$0
Joey Bikkers
Chairman
$0
Antoinette Johnson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$44,495
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$44,995
Total Program Service Revenue$2,811
Investment income $13
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $257,132
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $305,436

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