Asheville Area Chamber Of Commerce Community Betterment Foundation

Organization Overview

Asheville Area Chamber Of Commerce Community Betterment Foundation is located in Asheville, NC. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville Area Chamber Of Commerce Community Betterment Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Asheville Area Chamber Of Commerce Community Betterment Foundation generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 43.2% each year . All expenses for the organization totaled $5.6m during the year ending 06/2021. While expenses have increased by 41.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP AND ACCELERATE GROWTH & EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

1 THROUGH WORK WITH THE ASHEVILLE AREA CHAMBER OF COMMERCE, FUNDED ACTIVITIES THAT PLACED AN EMPHASIS ON WORKFORCE PREPAREDNESS, BUSINESS DEVELOPMENT AND RECRUITMENT AND EXPANSION OF EXISTING INDUSTRY. 2 RECEIVED FUNDS FROM THE GOLDEN LEAF FOUNDATION AND DISBURSED SAID FUNDS TO THE ASHEVILLE CHAMBER TO OPERATE INCLUSIVE HIRING PARTNERS, A RESOURCE TO CLOSE THE OPPORTUNITY GAP THAT CONNECTS BUNCOMBE COUNTY RESIDENTS EXPERIENCING EMPLOYMENT BARRIERS LIKE FORMER JUSTICE INVOLVEMENT, PREVIOUS INCARCERATION, SUBSTANCE USE DISORDER RECOVERY, INTERGENERATIONAL POVERTY, LONG-TERM UNEMPLOYMENT, OR LONG-TERM UNDEREMPLOYMENT WITH WELL-PAYING CAREERS IN HIGH-DEMAND INDUSTRIES.3 RECEIVED FUNDS FROM THE GOLDEN LEAF FOUNDATION AND BILTMORE FARMS LLC AND PAID SAID FUNDS TO CONSTRUCTION VENDORS BUILDING A BRIDGE SPANNING THE FRENCH BROAD RIVER THAT WILL CONNECT HIGHWAY NC 191 TO A NEW INDUSTRIAL PARK.4 PROVIDED 21 BUSINESSES OWNED BY PEOPLE OF COLOR ADVERTISING BENEFITS AND MEMBERSHIPS IN THE ASHEVILLE CHAMBER THROUGH THE PEOPLE'S COMMUNITY AND INCLUSION INITIATIVE. 5 IN COOPERATION WITH THE FOLK HERITAGE COMMITTEE, PROMOTED TRADITIONAL MOUNTAIN MUSIC AND DANCE THROUGH THE SHINDIG ON THE GREEN PERFORMANCES AND THE MOUNTAIN DANCE AND FOLK FESTIVAL.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
John F A V Cecil
Vice Chair
$0
Suzanne Deferie
Treasurer
$0
Janice Brumit
Chair
$0
Kit Cramer
Secretary
$0
W Louis Bissette
Board Member
$0
Ben Hamrick
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Trc
Construction
$227,398
Tgs Engineers
Engineers
$307,801
Wright Brothers Construction
Construction
$4,005,417
Nc Department Of Transportation
Construction
$400,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,835,855
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,835,855
Total Program Service Revenue$634,554
Investment income $1,380
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $6,471,789

Grants Awarded

Over the last fiscal year, Asheville Area Chamber Of Commerce Community Betterment Foundation has awarded $457,962 in support to 3 organizations.

Grant RecipientAmount

ASHEVILLE AREA CHAMBER OF COMMERCE

Org PageRecipient Profile

Asheville, NC

PURPOSE: PROMOTE ECONOMIC DEVELOPMENT

$339,502

ASHEVILLE AREA CHAMBER OF COMMERCE

Org PageRecipient Profile

Asheville, NC

PURPOSE: INCLUSIVE HIRING PARTNERS

$109,260

ASHEVILLE AREA CHAMBER OF COMMERCE

Org PageRecipient Profile

Asheville, NC

PURPOSE: PEOPLE'S COMMUNITY AND INCLUSION INITIATIVE

$9,200
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Asheville Area Chamber Of Commerce Community Betterment Foundation has recieved totaling $35,000.

Awarding OrganizationAmount
The Community Foundation Of Western North Carolina Inc

Asheville, NC

PURPOSE: BUILDING COMMUNITY & ECONOMIC VITALITY

$27,500
The Duke Energy Foundation

Charlotte, NC

PURPOSE: VIBRANT ECONOMIES

$7,500
View Grant Recipient Profile

Create an account to unlock the data you need.

or