Montcross Area Chamber Of Commerce
- Assets
- $33.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Belmont, NC
- Founding
- 09/1953
- Data as of
- 12/2022
- EIN
- 56-0710166
Organization Overview
Montcross Area Chamber Of Commerce is located in Belmont, NC. The organization was established in 1953. 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 12/2022, Montcross Area Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montcross 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 12/2022, Montcross Area Chamber Of Commerce generated $192.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $224.5k during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 5 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
PROVIDED ASSISTANCE TO BUSINESSES RECOVERING FROMCOVID PANDEMIC AND CONDUCTED EVENTS IN COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Hall Director | Trustee | 40 | $69,000 |
Teresa Rankin Asst Director | Officer | 40 | $46,000 |
Andrea Schrfit Admin | Officer | 40 | $31,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $124,654 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $67,582 |
| Total Revenue | $192,241 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $122,452 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,512 |
| Printing, publications, postage, and shipping | $1,120 |
| Other expenses | $94,455 |
| Total expenses | $224,539 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,872 |
| Other assets | $0 |
| Total assets | $33,923 |
| Total liabilities | $6,276 |
| Net assets or fund balances | $27,647 |