Smith Mountain Lake Regional Chamber Of Commerce

Organization Overview

Smith Mountain Lake Regional Chamber Of Commerce is located in Moneta, VA. The organization was established in 1994. 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 12/2023, Smith Mountain Lake Regional Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smith Mountain Lake Regional 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 12/2023, Smith Mountain Lake Regional Chamber Of Commerce generated $681.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $711.3k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 5 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

OPERATE VA STATE CERTIFIED VISITOR CENTER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL EXPENSES RELATE TO OPERATIONS OF THE SMITH MOUNTAIN LAKE CHAMBER OF COMMERCE AND VISITOR'S CENTER.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Executive Director
$85,357
Nichole Johnson
Director
$0
Amanda Cox
Director
$0
Todd Hammock
Treasurer
$0
Jim Patterson
Director
$0
Waller Perrow
Ex-Officio
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$129,710
Fundraising events$141,725
Related organizations$0
Government grants $5,000
All other contributions, gifts, grants, and similar amounts not included above$102,266
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$378,701
Total Program Service Revenue$0
Investment income $22,408
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 $681,362

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