Alleghany County Chamber Of Commerce Inc is located in Sparta, NC. The organization was established in 0000. 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 06/2020, Alleghany County Chamber Of Commerce Inc employed 5 individuals. Alleghany County 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 06/2020, Alleghany County Chamber Of Commerce Inc generated $181.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $158.8k during the year ending 06/2020. While expenses have increased by 3.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN THE COUNTY BY PROMOTING DEVELOPMENT, TOURISM, EDUCATION, COMMUNITY INFRASTRUCTURE, GOVERNMENT RELATIONS AND SERVICES FOR OUR MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER DUES AND OTHER INCLUSIVE INCOME PROGRAMS
SPARTA MAGAZINE
MOUNTAIN HERITAGE FESTIVAL
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Kilmartin President | OfficerTrustee | 5 | $0 |
Mindy Hall Secretary | OfficerTrustee | 5 | $0 |
Coby Larue Treasurer | OfficerTrustee | 5 | $0 |
Brian Maines Board Member | Trustee | 5 | $0 |
Larry Prince Executive Board Vice Presiden | Trustee | 5 | $0 |
Helen R Almond Board Member | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $74,637 |
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 | $32,944 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $248 |
Miscellaneous Revenue | $0 |
Total Revenue | $181,519 |
Statement of Expenses | |
---|---|
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. | $66,303 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $6,506 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,319 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $212 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $5,604 |
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 | $1,351 |
All other expenses | $0 |
Total functional expenses | $158,844 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $882 |
Savings and temporary cash investments | $72,926 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $93 |
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 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $74,620 |
Accounts payable and accrued expenses | -$100 |
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 | $1,622 |
Total liabilities | $1,522 |
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 |
Total liabilities and net assets/fund balances | $73,098 |
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---|---|---|
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