Greater Jacksonville Chamber Of Commerce
- Assets
- $1.0m
- Revenue
- $793.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Jacksonville, NC
- Founding
- 10/1951
- Data as of
- 06/2022
- EIN
- 56-0628071
Organization Overview
Greater Jacksonville Chamber Of Commerce is located in Jacksonville, NC. The organization was established in 1951. 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 06/2022, Greater Jacksonville Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Jacksonville 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 06/2022, Greater Jacksonville Chamber Of Commerce generated $793.0k 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 (3.3%) each year. All expenses for the organization totaled $845.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 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
TO PROMOTE THE SERVICES AVAILABLE FROM ITS MEMBERS TO THE PUBLIC AND TO SERVE AS A SOURCE OF INFORMATION ABOUT THE COMMUNITY FOR RESIDENTS AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORED THE EDUCATION GOLF TOURNAMENT AS A PART OF THE SALUTE TO EXCELLENCE PROGRAM THAT RECOGNIZES A TEACHER, ASSISTANT PRINCIPAL, PRINCIPAL OF THE YEAR AND THE STURGEON CITY YOUTH LEADERSHIP PROGRAM. CASH AWARDS GO TO LOCAL SCHOOLS SELECTED BY THE FIRST, SECOND, AND THIRD PLACE WINNERS.
THE ORGANIZATION SPONSORED THE MINORITY ENTERPRISE DEVELOPMENT AWARDS LUNCHEON. THE LINDA L. RICHARDSON MINORITY BUSINESS ADVOCATE OF THE YEAR AWARD AND THE 2021 MINORITY ENTREPRENUER OF THE YEAR AWARD WERE SPECIFICALLY DESIGNED TO HONOR THE ACHIEVEMENTS AND CONTRIBUTIONS OF LOCAL MINORITY BUSINESS OWNERS AND LEADERS.
THE ORGANIZATION SPONSORED AN ANNUAL MEMBERSHIP MEETING AND AWARDS CEREMONY TO CELEBRATE THE BUSINESSES IN THE COMMUNITY AND THE SERVICES THEY OFFER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Col Garth W Burnett Board Member | Trustee | 0 | $0 |
Franky Howard Board Member | Trustee | 0 | $0 |
Anthony Harvey Board Member | Trustee | 0 | $0 |
Tina Glover Board Member | Trustee | 0 | $0 |
Ann Raymond Board Member | Trustee | 0 | $0 |
Dr Tommy Morgan Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,514 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,520 |
| 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 | $793,020 |
| Statement of Expenses | |
|---|---|
| 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. | $100,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,689 |
| Pension plan accruals and contributions | $6,757 |
| Other employee benefits | $6,812 |
| Payroll taxes | $21,209 |
| Fees for services: Management | $34,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,088 |
| Advertising and promotion | $129,713 |
| Office expenses | $28,490 |
| Information technology | $727 |
| Royalties | $0 |
| Occupancy | $74,306 |
| Travel | $829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,801 |
| Interest | $985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,879 |
| Insurance | $13,569 |
| All other expenses | $0 |
| Total functional expenses | $845,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,842 |
| Savings and temporary cash investments | $67,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,785 |
| 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 | $2,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,046,021 |
| Accounts payable and accrued expenses | $18,282 |
| Grants payable | $0 |
| Deferred revenue | $100,938 |
| 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 | $10,949 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $130,169 |
| Net assets without donor restrictions | $775,257 |
| Net assets with donor restrictions | $140,595 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $915,852 |