Chamber Of Commerce Inc Fuquay Varina

Organization Overview

Chamber Of Commerce Inc Fuquay Varina is located in Fuquay Varina, NC. The organization was established in 1950. 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 12/2020, Chamber Of Commerce Inc Fuquay Varina employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Inc Fuquay Varina 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 12/2020, Chamber Of Commerce Inc Fuquay Varina generated $305.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $293.1k during the year ending 12/2020. While expenses have increased by 0.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD AND SUSTAIN A VIBRANT ECONOMY THROUGH A ROBUST, PUBLIC/PRIVATE PARTNERSHIP FOCUSED ON MAKING FUQUAY-VARINA A GREAT PLACE TO LIVE AND DO BUSINESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CHAMBER PROVIDES A STRONG AND HEALTHY BUSINESS CLIMATE IN THE FUQUAY VARINA AREA AND SURROUNDING BY PROMOTING CHAMBER MEMBERS TO OTHER CHAMBER MEMBERS, TO EXISTING AREA RESIDENTS, AS WELL AS NEW RESIDENTS ARRIVING. THE CHAMBER FACILITATES MANY EVENTS AND COMMITTEES THROUGHOUT THE YEAR TO PROVIDE NETWORKING AND EXPOSURE OPPORTUNITIES FOR ITS MEMBERS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$170,732
Fundraising events$135
Related organizations$0
Government grants $30,000
All other contributions, gifts, grants, and similar amounts not included above$15,473
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$216,340
Total Program Service Revenue$80,344
Investment income $266
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,700
Net Gain/Loss on Asset Sales $700
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $305,382

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