Louisville Chamber Of Commerce Inc

Organization Overview

Louisville Chamber Of Commerce Inc, operating under the name Greater Louisville Inc, is located in Louisville, KY. The organization was established in 1951. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater Louisville Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Louisville 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 12/2021, Greater Louisville Inc generated $5.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ACCELERATE ECONOMIC GROWTH, JOB CREATION AND BUSINESS COMPETITIVENESS IN THE GREATER LOUISVILLE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CHAMBER PROVIDES ITS MEMBERS AND THE COMMUNITY WITH MEMBERSHIP, EVENTS AND MEETINGS, ADVOCACY, RESOURCES AND PUBLICATIONS, BUSINESS NETWORKING, COST SAVINGS PROGRAMS AND SMALL BUSINESS RESOURCES.


THE CHAMBER PROVIDES ECONOMIC GROWTH ASSISTANCE TO ITSMEMBERS AND THE COMMUNITY, INCLUDING BUSINESS ATTRACTION, TALENT ATTRACTION, WORKFORCE DEVELOPMENT, EDUCATIONAL ATTAINMENT, REGIONAL STATISTICS AND INDUSTRY SPECIFIC NETWORKS.


THE CHAMBER PROVIDES ENTERPRISE DEVELOPMENT ASSISTANCE TO ITS MEMBERS AND THE COMMUNITY, INCLUDING MWBE AND SMALL BUSINESS ASSISTANCE, TECHNOLOGY COMMERCIALIZATION, PRIVATE EQUITY FUNDING SOURCES, BUSINESS NETWORKING AND EDUCATAIONAL PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Sarah Davasher-Wisdom
President And CEO
$277,871
Rebecca Wood
Chief Operating Officer
$153,133
Carla Wright
CFO
$104,857
Bradley Smith
Treasurer
$0
Jeff Mckenzie
Secretary And Legal Council
$0
Jennifer Willis
Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mccarthy Strategic Solutions Llc
Government Relations Service
$111,420
Teconomy Partners Llc
Strategic Plan And Technology Ecosystem
$228,550
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,282,608
Fundraising events$0
Related organizations$401,312
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,416,343
Noncash contributions included in lines 1a–1f $130,383
Total Revenue from Contributions, Gifts, Grants & Similar$4,100,263
Total Program Service Revenue$868,197
Investment income $1,093
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 $5,726,033

Grants Awarded

Over the last fiscal year, Louisville Chamber Of Commerce Inc has awarded $140,571 in support to 7 organizations.

Grant RecipientAmount

COMMUNITY FOUNDATION OF LOUISVILLE

Org PageRecipient Profile

Louisville, KY

PURPOSE: GENERAL SUPPORT

$120,000

KENTUCKIANA WORKS

Org PageRecipient Profile

Louisville, KY

PURPOSE: GENERAL SUPPORT

$5,000

NATIONAL ASSOCIATION OF WOMEN BUSINESS OWNERS

Org PageRecipient Profile

Louisville, KY

PURPOSE: GENERAL SUPPORT

$5,000

SOUTHERN HIGH SCHOOL

PURPOSE: GENERAL SUPPORT

$4,991

FUND FOR THE ARTS

Org PageRecipient Profile

Louisville, KY

PURPOSE: GENERAL SUPPORT

$3,000

GREATER CLARK COUNTY SCHOOLS

PURPOSE: GENERAL SUPPORT

$1,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Louisville Chamber Of Commerce Inc has recieved totaling $9,000.

Awarding OrganizationAmount
Norton Healthcare Inc

Louisville, KY

PURPOSE: General program support

$9,000
View Grant Recipient Profile

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