Madison-Morgan County Chamber Of Commerce Inc
- Assets
- $99.6k
- Revenue
- $222.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Madison, GA
- Founding
- 12/1986
- Data as of
- 06/2022
- EIN
- 58-1538186
Organization Overview
Madison-Morgan County Chamber Of Commerce Inc is located in Madison, GA. The organization was established in 1986. 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 06/2022, Madison-Morgan County Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison-Morgan County Chamber Of Commerce Inc 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 06/2022, Madison-Morgan County Chamber Of Commerce Inc generated $222.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $207.0k during the year ending 06/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE TOTAL ECONOMIC DEVELOPMENT OF THE MADISON-MORGAN COUNTY TRADE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT - PROMOTE AND ENHANCE THE ECONOMIC VITALITY OF THE COMMUNITY THROUGH THE RETENTION AND/OR EXPANSION OF EXISTING BUSINESS AND THE ATTRACTION OF APPROPRIATE NEW BUSINESS.
EDUCATION/COMMUNITY DEVELOPMENT - WORK WITH THE BUSINESS COMMUNITY TO CONTRIBUTE TO THE ACHIEVEMENT OF THE MISSION OF THE MORGAN COUNTY SCHOOL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shey Daniel Interim Pres | Officer | $0 | |
Nelson Hale Chair Elect | Officer | $0 | |
Alan Ludlow Past Chair | Officer | $0 | |
Esther Peters Chair | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,499 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,732 |
| 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 | $173,231 |
| Total Program Service Revenue | $41,730 |
| Investment income | $7,075 |
| 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 | $222,036 |
| 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 | $128,215 |
| Pension plan accruals and contributions | $6,411 |
| Other employee benefits | $2,940 |
| Payroll taxes | $10,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,507 |
| Office expenses | $1,017 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,002 |
| Travel | $3,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,603 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,714 |
| All other expenses | $12,843 |
| Total functional expenses | $207,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,678 |
| Savings and temporary cash investments | $57,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,895 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,622 |
| Accounts payable and accrued expenses | $5,082 |
| Grants payable | $0 |
| Deferred revenue | $31,024 |
| 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 | $36,106 |
| Net assets without donor restrictions | $63,516 |
| 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 | $99,622 |