Franklin Area Chamber Of Commerce Inc is located in Franklin, NC. The organization was established in 1989. 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 12/2021, Franklin Area 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. Franklin Area 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 12/2021, Franklin Area Chamber Of Commerce Inc generated $761.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $431.2k during the year ending 12/2021. While expenses have increased by 3.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AREA CHAMBER OF COMMERCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL OCCUPANCY ROOM TAX-ADMINISTERED BY THE MACON COUNTY NC GOVT-DISTRIBUTED TO CHAMBER MONTHLY AND IS USED FOR TOURISM PROMOTION ONLY REGULATED UNDER STATE STATUTE. DIRECTORY/PUBLICATIONS SPONSORED BY CHAMBER MEMBERS FOR AREA PROMOTION PURPOSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Linda C Harbuck Executive Director | Officer | 0 | $52,749 |
Martha D Baldwin Amdinistrative Asst | Officer | 0 | $41,602 |
Cynthia L Cavendar Marketing Director | Officer | 0 | $39,745 |
Carol A Olson Receptionist | Officer | 0 | $3,389 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $103,648 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $39,635 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $143,283 |
Total Program Service Revenue | $556,891 |
Investment income | $44 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $16,125 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $15,756 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $29,428 |
Miscellaneous Revenue | $0 |
Total Revenue | $761,527 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $52,749 |
Compensation of current officers, directors, key employees. | $52,749 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $84,736 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $11,867 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $982 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $112,653 |
Office expenses | $17,742 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $21,594 |
Travel | $3,682 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,774 |
Interest | $5,406 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,563 |
Insurance | $35,059 |
All other expenses | $55,630 |
Total functional expenses | $431,196 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $719,735 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $345,748 |
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 | $0 |
Net Land, buildings, and equipment | $145,261 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,210,744 |
Accounts payable and accrued expenses | $1,991 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $159,882 |
Unsecured mortgages and notes payable | $7,224 |
Other liabilities | $0 |
Total liabilities | $169,097 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $1,041,647 |
Total liabilities and net assets/fund balances | $1,210,744 |
Organization Name | Assets | Revenue |
---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
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Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
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Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
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