Lagrange-Troup County Chamber Of Commerce
- Assets
- $1.1m
- Revenue
- $668.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Lagrange, GA
- Founding
- 02/1952
- Data as of
- 12/2023
- EIN
- 58-0318810
Organization Overview
Lagrange-Troup County Chamber Of Commerce is located in Lagrange, GA. The organization was established in 1952. 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, Lagrange-Troup County Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange-Troup 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 12/2023, Lagrange-Troup County Chamber Of Commerce generated $668.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $602.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LAGRANGE-TROUP COUNTY CHAMBER OF COMMERCE IS TO ADVANCE THE ECONOMIC, CIVIC, EDUCATIONAL, TOURISM, AND CULTURAL GROWTH OF TROUP COUNTY; TO ENHANCE THE QUALITY OF LIFE IN THE COMMUNITY; ADDRESS SOCIAL ISSUES; AND TO FOSTER CONTINUOUS IMPROVEMENTS OF TROUP COUNTY AS A PLACE IN WHICH TO LIVE, LEARN, AND CONDUCT BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE CIVIC, ECONOMIC, EDUCATIONAL AND CULTURAL GROWTH OF TROUP COUNTY, GEORGIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Hensler Executive Di | Officer | 40 | $87,987 |
Brandon Adams Director | Trustee | 1 | $0 |
Chalton Askew Director | Trustee | 1 | $0 |
April Bartley Director | Trustee | 1 | $0 |
Caysi Brooks-Swol Director | Trustee | 1 | $0 |
Marco Brown Director | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $576,344 |
| Investment income | $280 |
| 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 | $668,657 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,150 |
| Pension plan accruals and contributions | $4,361 |
| Other employee benefits | $10,916 |
| Payroll taxes | $19,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,363 |
| Office expenses | $27,725 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,795 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,119 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,950 |
| Insurance | $9,522 |
| All other expenses | $54,325 |
| Total functional expenses | $601,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $235,808 |
| Accounts receivable, net | $32,323 |
| 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 | $3,678 |
| Net Land, buildings, and equipment | $313,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,105,174 |
| Accounts payable and accrued expenses | $5,850 |
| Grants payable | $0 |
| Deferred revenue | $516,925 |
| 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 | $26,941 |
| Total liabilities | $549,716 |
| Net assets without donor restrictions | $555,458 |
| 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 | $1,105,174 |
Grants Awarded
Over the last fiscal year, Lagrange-Troup County Chamber Of Commerce has awarded $216,050 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN LAGRANGE DEVELOPMENT AUTHO PURPOSE: ROAD SIGNAGE | $78,550 |
DOWNTOWN LAGRANGE DEVELOPMENT AUTHO PURPOSE: SUPPORT AMPHITHEATRE | $137,500 |