Cherokee County Chamber Of Commerce Inc
- Assets
- $247.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Murphy, NC
- Founding
- 09/1978
- Data as of
- 12/2021
- EIN
- 56-0623893
Organization Overview
Cherokee County Chamber Of Commerce Inc is located in Murphy, NC. The organization was established in 1978. 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. Cherokee County 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 12/2021, Cherokee County Chamber Of Commerce Inc generated $150.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $106.0k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE INDUSTRY AND TOURISM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevennie Westmoreland Treasurer | 4 | $0 | |
Steven Aft President | 4 | $0 | |
Chris Raper Secretary | 4 | $0 | |
Sherry Raines Executive Director | 40 | $0 | |
Carmen Lance Director | 4 | $0 | |
Kathryn Jenkins Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $105,657 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,282 |
| Other Revenue | $15,643 |
| Total Revenue | $150,583 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $78,885 |
| Professional fees and other payments to independent contractors | $880 |
| Occupancy, rent, utilities, and maintenance | $6,479 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,753 |
| Total expenses | $105,997 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $161,978 |
| Other assets | $0 |
| Total assets | $247,642 |
| Total liabilities | $0 |
| Net assets or fund balances | $247,642 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Air-Conditioning Heating And Refrigeration Institute Arlington, VA | $58,066,234 | $32,390,159 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |