Amherst County Chamber Of Commerce
- Assets
- $42.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Amherst, VA
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 54-6054138
Organization Overview
Amherst County Chamber Of Commerce is located in Amherst, VA. The organization was established in 2007. 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. Amherst County 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 12/2021, Amherst County Chamber Of Commerce generated $56.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $54.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 5 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
PROVIDED SERVICES AND INFORMATION TO MEMBERS, EMAIL NEWSLETTERS, CHAMBER WEBSITE, SPONSORED EVENTS TO PROMOTE BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sabrina Kennon President | 0 | $0 | |
Ruth Martineau V President | 0 | $0 | |
Chad Mooney Treasurer | 0 | $0 | |
Kenan Bell Director | 0 | $0 | |
Rob Arnold Director | 0 | $0 | |
Steve Brisson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,919 |
| Total Program Service Revenue | $0 |
| Membership dues | $22,493 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,474 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,001 |
| Professional fees and other payments to independent contractors | $2,900 |
| Occupancy, rent, utilities, and maintenance | $3,999 |
| Printing, publications, postage, and shipping | $497 |
| Other expenses | $8,492 |
| Total expenses | $54,889 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,650 |
| Other assets | $0 |
| Total assets | $42,279 |
| Total liabilities | $6,950 |
| Net assets or fund balances | $35,329 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Iron And Steel Institute Washington, DC | $8,995,281 | $11,889,127 |
Helicopter Association International Inc Alexandria, VA | $38,045,658 | $4,215,283 |
Association Of American Publishers Inc Washington, DC | $3,482,089 | $6,511,300 |
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 |