Tarboro Chamber Of Commerce Inc is located in Tarboro, NC. The organization was established in 0000. 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, Tarboro Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tarboro Chamber Of Commerce 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, Tarboro Chamber Of Commerce Inc generated $110.5k 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 $115.0k during the year ending 12/2022. While expenses have increased by 9.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESSES IN EDGECOMBE COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE IS TO PROMOTE BUSINESSES IN EDGECOMBE COUNTY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laura Evans Director | Trustee | 0 | $0 |
Tom Thorne Director | Trustee | 0 | $0 |
Audrey Shearin Director | Trustee | 0 | $0 |
Gregory Mcleod Director | Trustee | 0 | $0 |
Morgan Evans Director | Trustee | 0 | $0 |
David Harrelson Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $71,772 |
Fundraising events | $13,853 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $22,200 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $107,825 |
Total Program Service Revenue | $0 |
Investment income | $1,017 |
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 | $110,487 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $75 |
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. | $45,762 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $25,886 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,722 |
Fees for services: Management | $5,145 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,268 |
Office expenses | $2,398 |
Information technology | $2,859 |
Royalties | $0 |
Occupancy | $0 |
Travel | $2,713 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $4,118 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,576 |
All other expenses | $2,102 |
Total functional expenses | $114,992 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,534 |
Savings and temporary cash investments | $102,187 |
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 | $3,139 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $125,860 |
Accounts payable and accrued expenses | $2,118 |
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 | $2,118 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $9,107 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $114,635 |
Total liabilities and net assets/fund balances | $125,860 |