Greater Statesville Chamber Of Commerce
- Assets
- $217.8k
- Revenue
- $340.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Statesville, NC
- Founding
- 07/1944
- Data as of
- 12/2022
- EIN
- 56-0415940
Organization Overview
Greater Statesville Chamber Of Commerce is located in Statesville, NC. The organization was established in 1944. 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 12/2022, Greater Statesville Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Statesville 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 12/2022, Greater Statesville Chamber Of Commerce generated $340.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $347.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY: SPONSORS ADULT AND YOUTH LEADERSHIP, TRAVEL, TOURISM, LITERACY PROGRAMS, COMMUNITY EDUCATION AND SUPPORT FOR QUALITY OF LIFE. ECONOMIC: PROVIDES COMMUNITY LEADERSHIP TO ACHIEVE ECONOMIC GROWTH IN BUSINESS AND INDUSTRY THROUGH SMALL BUSINESS TRAINING AND PROMOTION OF DEVELOPMENT FOR BUSINESSES. GOVERNMENT/PUBLIC AFFAIRS: COMMUNITY PROGRAMS TO PROMOTE BETTER RACE RELATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Viera President | OfficerTrustee | 40 | $101,005 |
Bria Argrett Board Member | Trustee | $0 | |
Charles Ashe Board Member | Trustee | $0 | |
Bill Brater Board Member | Trustee | $0 | |
Andrea C Britton-Sawyers Board Member | Trustee | $0 | |
John Brown Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| 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 | $20,000 |
| Total Program Service Revenue | $325,906 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,610 |
| Net Gain/Loss on Asset Sales | -$27,354 |
| Net Income from Fundraising Events | $15,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,833 |
| 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. | $101,004 |
| Compensation of current officers, directors, key employees. | $10,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $668 |
| Payroll taxes | $9,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,774 |
| 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 | $899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,240 |
| Travel | $0 |
| 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 | $3,981 |
| Insurance | $6,743 |
| All other expenses | $30,251 |
| Total functional expenses | $347,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,820 |
| 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 | $217,820 |
| Accounts payable and accrued expenses | $4,963 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $154,963 |
| Net assets without donor restrictions | $62,857 |
| 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 | $217,820 |