Outer Banks Chamber Of Commerce Inc

Organization Overview

Outer Banks Chamber Of Commerce Inc is located in Kill Devil Hills, NC. The organization was established in 1975. 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 09/2022, Outer Banks Chamber Of Commerce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Outer Banks 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 09/2022, Outer Banks Chamber Of Commerce Inc generated $377.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $345.4k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

EMPOWER THE OUTER BANKS BUSINESS COMMUNITY BY PROMOTING AND DEVELOPING ECONOMIC PROSPERITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBERSHIP SERVICES INCLUDE DISTRIBUTE BROCHURES & DIRECTORIES ON THE OUTER BANKS. RESPOND TO INQUIRIES AND GENERAL PROMOTION OF THE AREA. APPROX. 1000 MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Brown
President
$106,846
Josh Stubblefield
Chair Elect
$0
Myra Ladd-Bone
Chairman
$0
Jim Gilreath
Vice Chair
$0
Larry Warner
Vice Chair
$0
Thomas Bruce
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$208,828
Fundraising events$82,798
Related organizations$0
Government grants $0
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$291,626
Total Program Service Revenue$85,941
Investment income $110
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $377,677

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