Yancey County-Burnsville Chamber Of Commerce
- Assets
- $313.1k
- Revenue
- $445.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Burnsville, NC
- Founding
- 02/1978
- Data as of
- 12/2022
- EIN
- 56-1153002
Organization Overview
Yancey County-Burnsville Chamber Of Commerce is located in Burnsville, NC. The organization was established in 1978. 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, Yancey County-Burnsville Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yancey County-Burnsville 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, Yancey County-Burnsville Chamber Of Commerce generated $445.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $397.4k during the year ending 12/2022. While expenses have increased by 16.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BURNSVILLE-YANCEY COUNTY CHAMBER OF COMMERCE IS TO REPRESENT THE BUSINESS COMMUNITY BY PROMOTING A VITAL, SUSTAINABLE ECONOMY WHILE SAFEGUARDING THE HIGH QUALITY OF LIFE, HERITAGE, AND UNIQUENESS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS EDUCATION PROGRAMMING - TEN BREAKFAST EDUCATION PROGRAMS MADE UP THE EDUCATION PROGRAMMING FOR THE CHAMBER IN 2022.
BUSINESS AFTER HOURS - TEN BUSINESS NETWORKING EVENTS WERE HOSTED AT VARIOUS BUSINESSES THROUGHOUT THE COUNTY PROVIDING MEMBERS WITH OPPORTUNITIES TO MAKE CONNECTIONS AND BUILD BUSINESS
MOUNT MITCHELL ARTS & CRAFTS FAIR - A 2-DAY EVENT DRAWING NEARLY 30,000 VISITORS FROM ACROSS THE REGION AND PROMOTING LOCAL ARTISTS OFFERS AN OPPORTUNITY FOR INCREASED TOURISM AND RETAIL SALES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Kay Wood Executive Director | Officer | 40 | $52,609 |
Kem Muller President | OfficerTrustee | 1 | $0 |
April Grindstaff President Elect | OfficerTrustee | 1 | $0 |
Mark Bayliff Treasurer | OfficerTrustee | 1 | $0 |
Santana Wright Secretary | OfficerTrustee | 1 | $0 |
Kari Weaver Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,932 |
| Fundraising events | $23,219 |
| Related organizations | $0 |
| Government grants | $339,816 |
| 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 | $395,967 |
| Total Program Service Revenue | $10,519 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,684 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,103 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,423 |
| Compensation of current officers, directors, key employees. | $11,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,898 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,285 |
| Advertising and promotion | $231,257 |
| Office expenses | $4,118 |
| Information technology | $8,563 |
| Royalties | $0 |
| Occupancy | $6,713 |
| Travel | $1,174 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,524 |
| Insurance | $2,677 |
| All other expenses | $0 |
| Total functional expenses | $397,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,245 |
| Savings and temporary cash investments | $26,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $44,422 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $313,089 |
| Accounts payable and accrued expenses | $86 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $86 |
| Net assets without donor restrictions | $313,003 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $313,089 |