Mcdowell Chamber Of Commerce

Organization Overview

Mcdowell Chamber Of Commerce is located in Marion, NC. The organization was established in 1974. 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. Mcdowell 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 12/2021, Mcdowell Chamber Of Commerce generated $299.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $344.0k during the year ending 12/2021. While expenses have increased by 5.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATIONS MISSION IS TO ACHIEVE THE OBJECTIVES OF PROMOTING BUSINESS AND COMMUNITY DEVELOPMENT AND PRESERVING THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS WITHIN MCDOWELL COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE THE GROWTH AND DEVELOPMENT OF RETAIL TRADE AND INDUSTRY THROUGH SERVICES PROVIDED TO MEMBERS, DEVELOPMENT OF VOLUNTEER NETWORKS, AND LOCAL GOVERNMENT RELATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Kim Effler
Exec Dir
$55,900
Ken Koesters
Board Member
$0
Tommy Greer
Board Member
$0
Tonya Wilson
Board Member
$0
Jason Mcdougald
Board Member
$0
Adrenne R Jones
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$82,579
Fundraising events$0
Related organizations$0
Government grants $160,957
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$243,536
Total Program Service Revenue$74,165
Investment income $286
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$18,615
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$2,889
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $3,358
Miscellaneous Revenue$0
Total Revenue $299,841

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