Floyd County Chamber Of Commerce Inc
- Assets
- $53.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Floyd, VA
- Founding
- 11/1991
- Data as of
- 12/2021
- EIN
- 54-1495833
Organization Overview
Floyd County Chamber Of Commerce Inc is located in Floyd, VA. The organization was established in 1991. 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. Floyd County Chamber Of Commerce Inc 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 12/2021, Floyd County Chamber Of Commerce Inc generated $77.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $81.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
THIS CHAMBER IS ORGANIZED FOR ADVANCING THE ECONOMIC, INDUSTRIAL, AGRICULTURAL, PROFESSIONAL, CULTURAL, CIVIC AND TOURISM INTEREST IN THE COUNTY OF FLOYD, VA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcenhill 1st Vice Chair | 30 | $12,968 | |
Karin Grosshans 2nd Vice Chair | 1 | $0 | |
Amanda Lawrence Director | 1 | $0 | |
Derek Wall Director | 1 | $0 | |
Pat Sharkey Director | 1 | $0 | |
Craig Chancellor Chair Of Board | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,520 |
| Total Program Service Revenue | $0 |
| Membership dues | $17,480 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,017 |
| Other Revenue | $2,425 |
| Total Revenue | $77,701 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,425 |
| Professional fees and other payments to independent contractors | $475 |
| Occupancy, rent, utilities, and maintenance | $15,001 |
| Printing, publications, postage, and shipping | $2,620 |
| Other expenses | $11,425 |
| Total expenses | $81,946 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,798 |
| Other assets | $0 |
| Total assets | $53,398 |
| Total liabilities | $26,033 |
| Net assets or fund balances | $27,365 |
Peer Organizations
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|---|---|---|
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American Resorts & Residential Dev Washington, DC | $15,913,625 | $10,097,639 |
Touchstone Energy Cooperative Inc Arlington, VA | $11,702,200 | $9,798,586 |
International Zinc Association Durham, NC | $9,583,285 | $9,824,037 |
Financial Services Institute Inc Washington, DC | $15,307,729 | $9,484,774 |
Association For Unmanned Vehicle Systems International Arlington, VA | $11,175,966 | $8,710,398 |
American Urologigal Association Inc Linthicum Heights, MD | $11,900,601 | $8,448,831 |
Reinsurance Association Of America Washington, DC | $8,490,929 | $8,536,934 |
Intermodal Association Of North America Inc Calverton, MD | $29,793,038 | $11,206,056 |
340b Health Washington, DC | $25,548,585 | $9,750,586 |