Bristol Chamber Foundation
- Assets
- $579.2k
- Revenue
- $209.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bristol, TN
- Founding
- 01/1984
- Data as of
- 12/2023
- EIN
- 58-1527300
Organization Overview
Bristol Chamber Foundation is located in Bristol, TN. The organization was established in 1984. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bristol Chamber 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 12/2023, Bristol Chamber Foundation generated $209.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $188.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) 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 ORGANIZATION WAS FORMED TO SUPPORT THE BRISTOL CHAMBER OF COMMERCE AND TO UNITE AREA BUSINESSES, PROFESSIONALS AND CIVIC LEADERS AND TO COMBINE THEIR TALENTS TO BUILD A BETTER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEEP BRISTOL BEAUTIFUL - THE ORGANIZATION HAS HAD A SIGNIFICANT IMPACT ON LITTER CONTROL AND BEAUTIFICATION IN THE CITY OF BRISTOL.
BRISTOL LEADERSHIP EDUCATION WORKFORCE - THE ORGANIZATION HAS ACHIEVED THE SUCCESSFUL CONDUCT OF MAJOR PROGRAMS DESIGNED TO FOSTER COMMUNITY GOODWILL AND TO TRAIN POTENTIAL LEADERS TO UNDERTAKE COMMUNITY SERVICE
SCHOLARSHIP EXCEEDING EXPECTATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Maxwell Director | Trustee | 1 | $0 |
Chad Couch Chairman | Trustee | 1 | $0 |
William Burriss Chair Elect | Trustee | 1 | $0 |
Chris Lee Director | Trustee | 1 | $0 |
Jody Dutcher Treasurer | Trustee | 1 | $0 |
April Eads Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,735 |
| Fundraising events | $0 |
| Related organizations | $87,803 |
| Government grants | $7,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,818 |
| Total Program Service Revenue | $76,269 |
| Investment income | $2,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,469 |
| 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 | $209,791 |
| 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 | $67,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,057 |
| Payroll taxes | $5,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $21,216 |
| Royalties | $0 |
| Occupancy | $11,347 |
| Travel | $141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,450 |
| Insurance | $52 |
| All other expenses | $11,154 |
| Total functional expenses | $188,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $12,175 |
| Net Land, buildings, and equipment | $325,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $579,175 |
| Accounts payable and accrued expenses | $679 |
| Grants payable | $0 |
| Deferred revenue | $2,600 |
| 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 | $3,279 |
| Net assets without donor restrictions | $575,438 |
| Net assets with donor restrictions | $458 |
| 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 | $579,175 |