Greater Raleigh Merchants Association
- Assets
- $614.4k
- Revenue
- $306.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Raleigh, NC
- Founding
- 06/1944
- Data as of
- 12/2021
- EIN
- 56-0371023
Organization Overview
Greater Raleigh Merchants Association is located in Raleigh, NC. The organization was established in 1944. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater Raleigh Merchants Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Raleigh Merchants Association 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, Greater Raleigh Merchants Association generated $306.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $328.9k during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF RALEIGH AREA BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER RALEIGH MERCHANTS ASSOCIATION IS A TRADE ORGANIZATION THAT PROVIDES PUBLIC RELATIONS, TRADE PROMOTIONS, AND GROUP ADVERTISING FOR ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer B Martin Executive Director | Officer | 40 | $137,780 |
Brian Didiano President | OfficerTrustee | 2 | $0 |
Holly Connell Tehan Secretary | OfficerTrustee | 2 | $0 |
Paul Laughter Treasurer | OfficerTrustee | 2 | $0 |
Alex Amra Director | Trustee | 2 | $0 |
Cydney Davis English Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $89,439 |
| 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 | $89,439 |
| Total Program Service Revenue | $47,381 |
| Investment income | $399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $169,320 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,539 |
| 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. | $137,780 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,973 |
| Pension plan accruals and contributions | $5,496 |
| Other employee benefits | $9,478 |
| Payroll taxes | $16,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $2,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,988 |
| Travel | $2,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,258 |
| Insurance | $1,157 |
| All other expenses | $2,272 |
| Total functional expenses | $328,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,599 |
| Savings and temporary cash investments | $249,035 |
| 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 | $238,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $614,372 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,781 |
| Total liabilities | $6,781 |
| Net assets without donor restrictions | $607,591 |
| 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 | $614,372 |
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