Franklin Area Chamber Of Commerce Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Linda C Harbuck
Executive Director
$52,749
Martha D Baldwin
Amdinistrative Asst
$41,602
Cynthia L Cavendar
Marketing Director
$39,745
Carol A Olson
Receptionist
$3,389

Financial Statements

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

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