Hillsborough Chamber Of Commerce Inc
- Assets
- $32.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Hillsborough, NC
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 56-1581273
Organization Overview
Hillsborough Chamber Of Commerce Inc is located in Hillsborough, NC. The organization was established in 1997. 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, Hillsborough Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsborough 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 12/2022, Hillsborough Chamber Of Commerce Inc generated $138.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $110.4k during the year ending 12/2022. While expenses have increased by 1.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ANNUAL BUSINESS DIRECTORY PROVIDING INFORMATION ABOUTLOCAL BUSINESSES, SERVICES, LOCAL GOVERNMENT, EVENTS CALENDARAND AREA FACTS
ANNUAL BUSINESS DIRECTORY PROVIDING INFORMATION ABOUTLOCAL BUSINESSES, SERVICES, LOCAL GOVERNMENT, EVENTS CALENDARAND AREA FACTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katy Zvorlerin Secretary | 1 | $0 | |
Emilee Collins Vice President | 1 | $0 | |
Raul Herrera President | 1 | $0 | |
Tom Struckmeyer Past President | 1 | $0 | |
Jim Mcneely Treasurer | 1 | $0 | |
Jaclyn Krohn Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,555 |
| Total Program Service Revenue | $0 |
| Membership dues | $113,230 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,734 |
| Other Revenue | $1,900 |
| Total Revenue | $138,419 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $720 |
| Salaries, other compensation, and employee benefits | $46,740 |
| Professional fees and other payments to independent contractors | $9,003 |
| Occupancy, rent, utilities, and maintenance | $28,957 |
| Printing, publications, postage, and shipping | $67 |
| Other expenses | $24,956 |
| Total expenses | $110,443 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,435 |
| Other assets | $0 |
| Total assets | $32,613 |
| Total liabilities | $27,910 |
| Net assets or fund balances | $4,703 |