Chesterfield County Chamber Of Commerce Incorporated
- Assets
- $189.6k
- Revenue
- $405.3k
- Investments
- $0.0
- Employees
- 7
- Location
- N Chesterfield, VA
- Founding
- 06/2000
- Data as of
- 06/2023
- EIN
- 54-1961707
Organization Overview
Chesterfield County Chamber Of Commerce Incorporated is located in N Chesterfield, VA. The organization was established in 2000. 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 06/2023, Chesterfield County Chamber Of Commerce Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesterfield County Chamber Of Commerce Incorporated 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 06/2023, Chesterfield County Chamber Of Commerce Incorporated generated $405.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $471.8k during the year ending 06/2023. While expenses have increased by 3.6% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO OUTSTANDING SERVICE, THE CHESTERFIELD CHAMBER OF COMMERCE WORKS TO SERVE, PROTECT, AND PROMOTE THE COMMON INTERESTS OF OUR MEMBERSHIP AND THE BUSINESS COMMUNITY. AS A UNIFIED VOICE, WE PROVIDE LEADERSHIP AND VISION FOR THE ADVANCEMENT OF ECONOMIC PROSPERITY AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER HAS BROUGHT TOGETHER APPROXIMATELY 485 BUSINESS MEMBERS TO ADDESS AND RESOLVE THEIR CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Zeile Director | Trustee | 2 | $0 |
Lynn Bossi-Kinsel Director | Trustee | 2 | $0 |
Rob White Director | Trustee | 2 | $0 |
Joe Wilkins Director | Trustee | 2 | $0 |
Tomako Deaner Director | Trustee | 2 | $0 |
Beth Murphy Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $221,522 |
| Fundraising events | $0 |
| 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 | $221,522 |
| Total Program Service Revenue | $161,033 |
| Investment income | $103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,810 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $405,268 |
| 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. | $83,019 |
| Compensation of current officers, directors, key employees. | $20,755 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,483 |
| Payroll taxes | $16,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,907 |
| Advertising and promotion | $21,026 |
| Office expenses | $5,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,126 |
| Travel | $5,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,012 |
| Interest | $749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $375 |
| Insurance | $2,365 |
| All other expenses | $409 |
| Total functional expenses | $471,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,356 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,017 |
| 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 | $28,725 |
| Net Land, buildings, and equipment | $437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,042 |
| Total assets | $189,577 |
| Accounts payable and accrued expenses | $8,323 |
| 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 | $124,586 |
| Total liabilities | $132,909 |
| Net assets without donor restrictions | $56,668 |
| 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 | $189,577 |