Savannah Area Chamber Of Commerce
- Assets
- $13.5m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 72
- Location
- Savannah, GA
- Founding
- 05/1946
- Data as of
- 12/2021
- EIN
- 58-0417930
Organization Overview
Savannah Area Chamber Of Commerce is located in Savannah, GA. The organization was established in 1946. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Savannah Area Chamber Of Commerce employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Savannah Area 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, Savannah Area Chamber Of Commerce generated $16.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $11.8m during the year ending 12/2021. While expenses have increased by 1.3% 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
ENHANCE THE LOCAL BUSINESS COMMUNITY AND ECONOMY BY SERVING AS AN ADVOCATE FOR BUSINESS. PROMOTE THE EXPANSION OF THE LOCAL AND REGIONAL ECONOMY.PROMOTE AND EXPAND LOCAL AND REGIONAL TOURISM THROUGH THE OPERATION OF THE CONVENTION AND VISITOR'S BUREAU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMBER OPERATIONS - IMPROVES BUSINESS OPERATIONS AND ENHANCES THE ECONOMIC CLIMATE OF THE COMMUNITY.THE CHAMBER SERVES AS AN ADVOCATE FOR BUSINESS AND FOR THE CONTINUED EXPANSION OF THE LOCAL AND REGIONAL ECONOMY.
VISIT SAVANNAH (VS)- SERVES AS THE DESTINATION MARKETING ORGANIZATION FOR THE SAVANNAH,GA. AREA. VS ALSO PROVIDES THE VEHICLE FOR INDIVIDUAL BUSINESSES TO MARKET THEIR OPERATIONS AND SERVICES TO VISITORS. VS WORKS TO IMPROVE THE SAVANNAH AREA ECONOMY AND ENHANCES THE IMAGE OF SAVANNAH AS A DESTINATION TO INCREASE OVERNIGHT VISITOR EXPENDITURES. VS MARKETS AND PROMOTES SAVANNAH AS A DESTINATION FOR BOTH CONVENTIONS AND TOURISTS.
TYBEE ISLAND - VISIT SAVANNAH ALSO SERVES AS THE DESTINATION MARKETING ORGANIZATION FOR TYBEE ISLAND,GEORGIA. VISIT SAVANNAH MARKETS AND PROMOTES TYBEE ISLAND AS A DESTINATION FOR BOTH CONVENTIONS AND TOURISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hubbard President/ce | OfficerTrustee | 40 | $404,758 |
Joseph Marinelli Vice-Pres. | Officer | 40 | $344,885 |
Jeffrey Hewitt V.p.-Sales | 40 | $181,913 | |
Andrea Sims CFO | Officer | 40 | $155,725 |
Jeremy Harvey Vp-Communica | 40 | $124,286 | |
Truitt Eavenson Secretary/tr | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,243,982 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,717,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,997,903 |
| Total Program Service Revenue | $1,636,997 |
| Investment income | $24,597 |
| 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 | $72,631 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,865,609 |
| 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. | $1,031,019 |
| Compensation of current officers, directors, key employees. | $274,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,755,758 |
| Pension plan accruals and contributions | $127,352 |
| Other employee benefits | $359,382 |
| Payroll taxes | $235,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,131 |
| Fees for services: Accounting | $18,440 |
| Fees for services: Lobbying | $41,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,747 |
| Advertising and promotion | $3,305,459 |
| Office expenses | $396,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $312,889 |
| Travel | $391,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $254,817 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,487 |
| Insurance | $16,080 |
| All other expenses | $196,933 |
| Total functional expenses | $11,769,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,281 |
| Savings and temporary cash investments | $9,982,526 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,532,992 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,060 |
| Prepaid expenses and deferred charges | $308,889 |
| Net Land, buildings, and equipment | $414,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $29,084 |
| Other assets | $0 |
| Total assets | $13,537,143 |
| Accounts payable and accrued expenses | $2,212,263 |
| Grants payable | $0 |
| Deferred revenue | $1,300,803 |
| 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 | $0 |
| Total liabilities | $3,513,066 |
| Net assets without donor restrictions | $9,165,127 |
| Net assets with donor restrictions | $858,950 |
| 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 | $13,537,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Miami Convention And Visitors Bureau Inc Miami, FL | $31,705,005 | $32,926,540 |
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Charlotte Regional Realtor Association Inc Charlotte, NC | $53,438,404 | $12,494,849 |
Hilton Head Island Bluffton Chamber Of Commerce Hilton Head Island, SC | $3,721,536 | $8,774,772 |
North Carolina Association Of Realtors Inc Greensboro, NC | $31,160,587 | $11,391,480 |
The North Carolina Community Action Association Raleigh, NC | $4,811,006 | $8,169,285 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |