Archdale-Trinity Chamber Of Commerce
- Assets
- $16.5k
- Revenue
- $113.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Archdale, NC
- Founding
- 04/1984
- Data as of
- 12/2023
- EIN
- 58-1554229
Organization Overview
Archdale-Trinity Chamber Of Commerce is located in Archdale, NC. The organization was established in 1984. 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, Archdale-Trinity Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Archdale-Trinity 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, Archdale-Trinity Chamber Of Commerce generated $113.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $154.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 5 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
WE ARE A MEMBERSHIP ORGANIZATION. WE ARE THE VOICE OF BUSINESSES THAT ENHANCE ECONOMIC OPPORTUNITIES, AND FOSTERS A SUSTAINABLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL AND ON-GOING EVENTS INCLUDE: ATTUNE, BUSINESS AFTER HOURS, CHAMBER CHAMPS, COFFEE & CONVERSATION, CHAMBER GOLF TOURNAMENT, LUNCH WITH LAWMAKERS, JUNIOR GOLF TOURNAMENT, SPRING GALA, THE CHAMBER PROVIDED NUMEROUS, MONTHLY, ANNUAL GATHERINGS THAT ENCOURAGED NETWORKING AND SOCIALIZING BETWEEN LOCAL BUSINESS OWNERS, CITIZENS AND GOVERNMENT OFFICALS, AND EDUCATING TO BOOT!WE PROVIDE AN OPPORTUNITY DURUING ELECTION SEASON FOR LOCAL PEOPLE TOMEET AND QUESTION GOVERNMENT OFFICE CANDIDATES.INFORMATION TRANSMISSION IS ENHANCED WITH WEEKLY NEWSLETTERS AFVERTISING HAPPENINGS IN THE AREA.ALL WAS ACCOMPLISHED GREATLY THROUGH THE EVENTS AND OTHER PUBLICATIONS PROVIDED THROUGHOUT EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Scarlet Chair Special Events | Trustee | 0.5 | $0 |
Darrell Frye Triad Liason | Trustee | 0.5 | $0 |
Lewis Dorsett Chair Economic Development | Trustee | 0.5 | $0 |
Denise Garrick Treasurer Elect | Trustee | 0.5 | $0 |
Charity Bunting Chair - Education | Trustee | 0.5 | $0 |
Debi Lagueruela Membership Development | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,981 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,000 |
| 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 | $61,981 |
| Total Program Service Revenue | $50,145 |
| Investment income | $231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $600 |
| 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 | $112,957 |
| 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 | $26 |
| Compensation of current officers, directors, key employees. | $5,330 |
| Compensation of current officers, directors, key employees. | $5,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,721 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,694 |
| Payroll taxes | $5,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| 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 | $4,896 |
| Office expenses | $4,970 |
| Information technology | $5,016 |
| Royalties | $0 |
| Occupancy | $4,800 |
| Travel | $782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,058 |
| All other expenses | $44,861 |
| Total functional expenses | $154,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,770 |
| Savings and temporary cash investments | $12,779 |
| 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 | $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 | $16,549 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $16,549 |
| Total liabilities and net assets/fund balances | $16,549 |