Mount Olive Area Chamber Of Commerce
- Assets
- $58.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Olive, NC
- Founding
- 01/1984
- Data as of
- 12/2020
- EIN
- 56-0564586
Organization Overview
Mount Olive Area Chamber Of Commerce is located in Mount Olive, NC. The organization was established in 1984. 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. Mount Olive Area 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 12/2020, Mount Olive Area Chamber Of Commerce generated $76.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $65.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
CHAMBER OF COMMERCE / PROMOTE BUSINESS IN TOWN OF MOUNT OLIVE, PROGRAMS AT SCHOOL FOR AT-RISK CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie R Beck President | 40 | $44,624 | |
Kristal Jones Director | 0 | $0 | |
Kristie Norton Director | 0 | $0 | |
Vicky Darden Director | 0 | $0 | |
Taylor Whitfield Director | 0 | $0 | |
Walter Joyner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $38,986 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,281 |
| Other Revenue | $28,773 |
| Total Revenue | $76,043 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,339 |
| Professional fees and other payments to independent contractors | $4,459 |
| Occupancy, rent, utilities, and maintenance | $2,838 |
| Printing, publications, postage, and shipping | $2,514 |
| Other expenses | $7,568 |
| Total expenses | $65,718 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,011 |
| Other assets | $0 |
| Total assets | $58,711 |
| Total liabilities | $45,838 |
| Net assets or fund balances | $12,873 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helicopter Association International Inc Alexandria, VA | $38,045,658 | $4,215,283 |
Touchstone Energy Cooperative Inc Arlington, VA | $11,702,200 | $9,798,586 |
International Zinc Association Durham, NC | $9,583,285 | $9,824,037 |
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Association For Unmanned Vehicle Systems International Arlington, VA | $11,175,966 | $8,710,398 |
National Stone Sand And Gravel Association Alexandria, VA | $12,179,741 | $8,499,860 |
Sheet Metal & Air Conditioning Contractors Natl Industry Fd Of Us Chantilly, VA | $400,785 | $8,292,209 |
National Society Of Professional Engineers Alexandria, VA | $13,965,529 | $9,147,637 |
Vision Council Of America Alexandria, VA | $15,588,668 | $10,180,704 |
Nashville Area Chamber Of Commerce Nashville, TN | $10,414,739 | $9,196,086 |
North American Transmission Forum Inc Charlotte, NC | $10,236,042 | $8,601,218 |
American Hardwood Export Council Sterling, VA | $1,823,421 | $7,570,441 |