Knightdale Area Chamber Of Commerce
- Assets
- $101.9k
- Revenue
- $104.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Knightdale, NC
- Founding
- 03/1999
- Data as of
- 12/2017
- EIN
- 56-1325118
Organization Overview
Knightdale Area Chamber Of Commerce is located in Knightdale, NC. The organization was established in 1999. 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 12/2017, Knightdale 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. Knightdale 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE CIVIC, COMMERCIAL, INDUSTRIAL, ECONOMIC AND GENERAL WELFARE OF THE BUSINESSES AND CITIZENS OF THE KNIGHTDALE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE CIVIC, ECONOMIC, COMMERCIAL AND INDUSTRIAL WELL-BEING OF THE TOWN OF KNIGHTDALE, NC. TO BRING PUBLIC AND PRIVATE SECTORS OF THE TOWN OF KNIGHTDALE TOGETHER IN A COMBINED EFFORT TO IMPROVE THE ECONOMY. TO RECRUIT SUCH ORGANIZATIONS AND INDIVIDUALS THAT WOULD PROVE BENEFICIAL TO THE ECONOMY AND CITIZENRY OF THE TOWN OF KNIGHTDALE, NC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrice Bayyan Executive Director | OfficerTrustee | 40 | $60,000 |
Nathan Ray Board President | OfficerTrustee | 1 | $0 |
Alice Alexander Board Treasurer | OfficerTrustee | 1 | $0 |
Connie Carrigan Board Member | Trustee | 1 | $0 |
Suzanne Driver Board Member | Trustee | 1 | $0 |
Pete Mangum Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,599 |
| Related organizations | $0 |
| Government grants | $1,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,559 |
| Noncash contributions included in lines 1a–1f | $11,484 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,408 |
| Total Program Service Revenue | $72,739 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,777 |
| Net Income from Gaming Activities | -$2,000 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,455 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,049 |
| Office expenses | $9,357 |
| Information technology | $309 |
| Royalties | $0 |
| Occupancy | $2,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,823 |
| All other expenses | $0 |
| Total functional expenses | $106,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,525 |
| Savings and temporary cash investments | $86,630 |
| Pledges and grants receivable | $1,553 |
| 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 | $221 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $101,929 |
| Accounts payable and accrued expenses | $2,731 |
| Grants payable | $0 |
| Deferred revenue | $2,359 |
| 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 | $5,090 |
| Unrestricted restricted net Assets | $96,839 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $96,839 |