Morrisville Chamber Of Commerce Inc

Organization Overview

Morrisville Chamber Of Commerce Inc is located in Morrisville, NC. The organization was established in 1993. 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 12/2023, Morrisville 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. Morrisville 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 12/2023, Morrisville Chamber Of Commerce Inc generated $330.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $387.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE BUSINESS, ENHANCE ECONOMIC AND COMMUNITY DEVELOPMENT WHILE SERVING AS A CHAMPION FOR IMPROVING THE OVERALL QUALITY OF LIFE IN THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CHAMBER HAS SUCCESSFULLY DEVELOPED AND PRODUCED PROGRAMS AND EVENTS AND HAS PROVIDED ITS MEMBERS WITH NUMEROUS OPPORTUNITIES FOR NETWORKING AND GROWING THE ECONOMY OF MORRISVILLE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$85,074
Fundraising events$0
Related organizations$0
Government grants $0
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$85,074
Total Program Service Revenue$205,315
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $40,364
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $330,753

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