Cherryville Chamber Of Commerce
- Assets
- $60.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cherryville, NC
- Founding
- 12/1959
- Data as of
- 06/2022
- EIN
- 56-0635698
Organization Overview
Cherryville Chamber Of Commerce is located in Cherryville, NC. The organization was established in 1959. 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. Cherryville 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, Cherryville Chamber Of Commerce generated $59.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $50.7k during the year ending 06/2022. While expenses have increased by 8.2% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FOR NEW BUSINESSES, SPONSORED CHRISTMAS PARADE, BUSINESS RALLIES AND VARIOUS FESTIVALS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,910 |
| Total Program Service Revenue | $0 |
| Membership dues | $11,723 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $33,509 |
| Total Revenue | $59,142 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $4,943 |
| Printing, publications, postage, and shipping | $2,366 |
| Other expenses | $43,367 |
| Total expenses | $50,676 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,872 |
| Other assets | $0 |
| Total assets | $60,511 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,511 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cherryville Chamber Of Commerce has recieved totaling $47,910.
| Awarding Organization | Amount |
|---|---|
Bob And Pat Barker Foundation Inc Fuquayvarina, NC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $47,910 |
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 |