Cobb County Chamber Of Commerce
- Assets
- $6.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 32
- Location
- atlanta, GA
- Founding
- 12/1943
- Data as of
- 12/2021
- EIN
- 58-0198114
Organization Overview
Cobb County Chamber Of Commerce is located in atlanta, GA. The organization was established in 1943. 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 12/2021, Cobb County Chamber Of Commerce employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobb County 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.
For the year ending 12/2021, Cobb County Chamber Of Commerce generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY AND BUSINESS DEVELOPMENT IN THE COBB COUNTY, GEORGIA AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COBB COUNTY CHAMBER OF COMMERCE, THROUGH MEMBERSHIP, PROVIDES AN ENVIRONMENT WHERE MORE THAN 2,500 LOCAL BUSINESSES AND ORGANIZATIONS CAN WORK TOGETHER FOR THE GOOD OF ONE ANOTHER AND THE COMMUNITY. IT IS THROUGH THESE RELATIONSHIPS THAT DEVELOP OPPORTUNITIES FOR NETWORKING, EDUCATIONAL PROGRAMS, ISSUE ADVOCACY AND COMMUNITY BUILDING ACTIVITIES.
THE CHAMBER FACILITATES SUCCESS OF COBB COUNTY SCHOOLS THROUGH MULTIPLE PROGRAMS: PARTNERS IN EDUCATION, JOB SHADOW, GIVE OUR SCHOOLS A HAND, AND PRINCIPAL FOR A DAY
THE CHAMBER ADVOCATES FOR A MORE COMPETITIVE BUSINESS ENVIRONMENT FOR LOCAL BUSINESSES. WORKING CLOSELY WITH THE DEVELOPMENT AUTHORITY OF COBB COUNTY, COBB COUNTY GOVERNMENT AND COBB COUNTYS CITIES, THE CHAMBER ENHANCES THE ECONOMY BY BRINGING BUSINESS AND INDUSTRY TO COBB COUNTY AND HELPING ESTABLISHED FIRMS GROW. THESE EFFORTS HAVE LED TO NEW JOBS FOR COBB COUNTY AND RELOCATION OF NATIONAL AND INTERNATIONAL HEADQUARTERS TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Mason President & CEO | Officer | 40 | $265,687 |
Dana Johnson COO & Executive Director Of Se | Officer | 20 | $225,484 |
Michele Howard Evp, Leadership Dev. & Program | 20 | $131,431 | |
Amanda Burton Evp, Member Development | 40 | $118,901 | |
Amy Selby Evp, Marketing & Communication | 40 | $117,237 | |
Michael Winters Controller | 40 | $108,894 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $80,000 |
| Government grants | $475,969 |
| All other contributions, gifts, grants, and similar amounts not included above | $737,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,293,615 |
| Total Program Service Revenue | $3,208,684 |
| Investment income | $1,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,412 |
| 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 | $4,560,860 |
| 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. | $549,507 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,802,267 |
| Pension plan accruals and contributions | $104,010 |
| Other employee benefits | $98,991 |
| Payroll taxes | $165,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,165 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,413 |
| Advertising and promotion | $91,064 |
| Office expenses | $84,902 |
| Information technology | $70,658 |
| Royalties | $0 |
| Occupancy | $435,747 |
| Travel | $138,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $427,244 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,206 |
| Insurance | $15,520 |
| All other expenses | $16,108 |
| Total functional expenses | $4,702,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,453 |
| Savings and temporary cash investments | $3,103,012 |
| Pledges and grants receivable | $639,785 |
| Accounts receivable, net | $131,371 |
| 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 | $376,073 |
| Net Land, buildings, and equipment | $1,563,275 |
| Investments—publicly traded securities | $146,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,974,636 |
| Accounts payable and accrued expenses | $910,759 |
| Grants payable | $0 |
| Deferred revenue | $591,474 |
| 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 | $959,072 |
| Total liabilities | $2,461,305 |
| Net assets without donor restrictions | $3,513,331 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,974,636 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cobb County Chamber Of Commerce has recieved totaling $22,300.
| Awarding Organization | Amount |
|---|---|
Delta Community Credit Union Atlanta, GA PURPOSE: GOLF TOURNAMENT, LUNCHEON | $22,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Catapult Employers Association Inc Charlotte, NC | $29,062,151 | $11,591,592 |