Glasgow-Barren County Chamber Of Commerce
- Assets
- $84.6k
- Revenue
- $217.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Glasgow, KY
- Founding
- 06/1961
- Data as of
- 12/2021
- EIN
- 61-0203925
Organization Overview
Glasgow-Barren County Chamber Of Commerce is located in Glasgow, KY. The organization was established in 1961. 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 12/2021, Glasgow-Barren County Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glasgow-Barren County 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, Glasgow-Barren County Chamber Of Commerce generated $217.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $258.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
TO ENCOURAGE DEVELOPMENT IN GLASGOW & BARREN COUNTY, KENTUCKY THROUGH ORGANIZATIONAL DEVELOPMENT, COMMUNITY DEVELOPMENT AND BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CODE: 813910: ORGANIZATIONAL DEVELOPMENT: TO CREATE A DEFINITE SET OF GOALS AND OBJECTIVES TO ALLOW THE CHAMBER TO DELIVER BETTER CORE SERVICES TO THE MEMBERSHIP.
CODE: 813910: COMMUNITY DEVELOPMENT: TO MONITOR AND TAKE ACTION ON ISSUES VITAL TO THE LIVELIHOOD OF THE CITIZENS AND THE GROWTH OF GLASGOW AND BARREN COUNTY.
CODE: 813910: BUSINESS DEVELOPMENT: TO PROMOTE BUSINESS DEVELOPMENT IN GLASGOW AND BARREN COUNTY AND FACILITATE BUSINESS PLANNING BY OFFERING EXPOSURE TO SERVICES AND RESOURCES AVAILABLE IN THE COMMUNITY.
SPECIAL EVENTS SPONSORED BY THE CHAMBER TO PROMOTE THE COMMUNITIES AND INDUSTRIES IN GLASGOW AND BARREN COUNTY, KENTUCKY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernie Myers Executive Vi | Officer | 40 | $77,138 |
Treva Shirley President | OfficerTrustee | 1.5 | $0 |
Karisa Peterson President- E | OfficerTrustee | 1.5 | $0 |
Scott Young Vice Preside | OfficerTrustee | 1.5 | $0 |
Cindy Greer Treasurer | OfficerTrustee | 1.5 | $0 |
Tina Hogue Secretary | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $96,607 |
| 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 | $96,607 |
| Total Program Service Revenue | $102,172 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$45,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,951 |
| 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. | $77,138 |
| Compensation of current officers, directors, key employees. | $77,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,012 |
| Payroll taxes | $11,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,424 |
| Office expenses | $11,600 |
| Information technology | $6,172 |
| Royalties | $0 |
| Occupancy | $8,610 |
| Travel | $8,369 |
| 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 | $3,155 |
| Insurance | $7,468 |
| All other expenses | $2 |
| Total functional expenses | $258,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,482 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,650 |
| 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 | $1,524 |
| Net Land, buildings, and equipment | $15,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,607 |
| Accounts payable and accrued expenses | $11,496 |
| Grants payable | $0 |
| Deferred revenue | $7,436 |
| 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 | $18,932 |
| Net assets without donor restrictions | $65,675 |
| 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 | $84,607 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |