Hendersonville Chamber Foundation
- Assets
- $579.7k
- Revenue
- $15.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Hendersonville, TN
- Founding
- 04/1986
- Data as of
- 08/2021
- EIN
- 58-1659219
Organization Overview
Hendersonville Chamber Foundation is located in Hendersonville, TN. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendersonville 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 08/2021, Hendersonville Chamber Foundation generated $15.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $11.0k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT TO EDUCATIONAL INSTITUTIONS INCLUDING SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS AND PUBLIC SCHOOL SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles T Hooks Treasurer | OfficerTrustee | $0 | |
Kathleen Hawkins President | OfficerTrustee | $0 | |
Dr Charles Lea Immediate Pa | OfficerTrustee | $0 | |
Steve Botts Board Chair | OfficerTrustee | $0 | |
Chad Coley Director | Trustee | $0 | |
David Kimbrough Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $19,399 |
| 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 | $19,399 |
| Total Program Service Revenue | $6,680 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,268 |
| 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 | $15,880 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,470 |
| 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 | $258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,267 |
| Total functional expenses | $10,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,230 |
| 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 | $0 |
| Net Land, buildings, and equipment | $504,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $579,703 |
| 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 | $149,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,500 |
| Net assets without donor restrictions | $430,203 |
| 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 | $579,703 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hendersonville Chamber Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helicopter Association International Inc Alexandria, VA | $38,045,658 | $4,215,283 |
National Association Of Electrical Distributors St Louis, MO | $12,015,051 | $10,580,917 |
Touchstone Energy Cooperative Inc Arlington, VA | $11,702,200 | $9,798,586 |
International Zinc Association Durham, NC | $9,583,285 | $9,824,037 |
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Association For Unmanned Vehicle Systems International Arlington, VA | $11,175,966 | $8,710,398 |
National Stone Sand And Gravel Association Alexandria, VA | $12,179,741 | $8,499,860 |
Sheet Metal & Air Conditioning Contractors Natl Industry Fd Of Us Chantilly, VA | $400,785 | $8,292,209 |
National Society Of Professional Engineers Alexandria, VA | $13,965,529 | $9,147,637 |
Vision Council Of America Alexandria, VA | $15,588,668 | $10,180,704 |
Nashville Area Chamber Of Commerce Nashville, TN | $10,414,739 | $9,196,086 |
North American Transmission Forum Inc Charlotte, NC | $10,236,042 | $8,601,218 |