Chemical Alliance Zone Inc
- Assets
- $360.3k
- Revenue
- $158.0k
- Investments
- $0.0
- Employees
- 0
- Location
- South Charleston, WV
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 55-0775503
Organization Overview
Chemical Alliance Zone Inc is located in South Charleston, WV. The organization was established in 2002. 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. Chemical Alliance Zone 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 12/2022, Chemical Alliance Zone Inc generated $158.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $178.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Chemical Alliance Zone Inc has awarded 16 individual grants totaling $123,925. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ATTRACT, SUPPORT, AND REPRESENT CHEMICAL AND RELATED INDUSTRIES FOR WEST VIRGINIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAZ PROMOTES THE REGION TO CHEMICAL COMPANIES, BUSINESSES THAT USE THEIR PRODUCTS, AND ENTITIES THAT PRODUCE RELATED CONSUMER-END GOODS.CAZ PUBLICIZES THE BENEFITS OF LOCATING IN WEST VIRGINIA INCLUDING THE FOUR COUNTY AREA THAT INCLUDES CABELL, KANAWHA, PUTNAM, AND WAYNE COUNTIES.CAZ ENCOURAGES AND FACILITATES INVESTMENT IN THE REGION THROUGH A PRESENCE AT TRADE SHOWS AND OTHER INDUSTRY FUNCTIONS AND THROUGH OTHER ACTIVITIES.CAZ ENCOURAGES AND FACILITATES OTHER ACTIVITIES AND PROGRAMS THAT SUPPORT ECONOMIC DEVELOPMENT, SUCH AS WORKFORCE DEVELOPMENT, ENTREPENURIAL DEVELOPMENT, SMALL BUSINESS ASSISTANCE, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Altman President And Chairman | OfficerTrustee | 1 | $0 |
Chris Deweese Secretary And Treasurer | OfficerTrustee | 2 | $0 |
Matt Ballard Member | Trustee | 1 | $0 |
Ben Thomas Vice President | OfficerTrustee | 1 | $0 |
Kyra Harris Member | Trustee | 1 | $0 |
Tim Albert Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,000 |
| 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 | $80,000 |
| Total Program Service Revenue | $77,973 |
| Investment income | $0 |
| 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 | $157,973 |
| 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. | $164,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $640 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,553 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,226 |
| All other expenses | $383 |
| Total functional expenses | $178,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,266 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $360,266 |
| Accounts payable and accrued expenses | $32,044 |
| 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 | $0 |
| Total liabilities | $32,044 |
| Net assets without donor restrictions | $321,618 |
| Net assets with donor restrictions | $6,604 |
| 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 | $360,266 |
Grants Awarded
Over the last fiscal year, Chemical Alliance Zone Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE BULLOCK DISTILLERY LLC PURPOSE: PURCHASE OF EQUIPMENT | $5,000 |
REAXCOR HOLDINGS LLC PURPOSE: BUILDING APPRAISALS | $10,000 |