Hopkins County Regional Chamber Of Commerce
- Assets
- $375.2k
- Revenue
- $269.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Madisonville, KY
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 61-0561820
Organization Overview
Hopkins County Regional Chamber Of Commerce is located in Madisonville, KY. The organization was established in 1982. 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, Hopkins County Regional Chamber Of Commerce employed 5 individuals. This organization is the central organization for a national or regional group of organizations. Hopkins County Regional 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, Hopkins County Regional Chamber Of Commerce generated $269.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $259.6k during the year ending 12/2021. While expenses have increased by 0.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO BUSINESSES AND INDIVIDUALS IN THE LOCAL COMMUNITY IN AN EFFORT TO PROMOTE BUSINESS AND ECONOMIC DEVELOPMENT IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR AN ANNUAL BANQUET AND A FARM CITY BREAKFAST TO RECOGNIZE OUTSTANDING LEADERS IN THE BUSINESS, GOVERNMENT, HEALTHCARE, AND AGRICULTURAL FIELDS. THESE ACTIVITIES PROVIDE AN OPPORTUNITY FOR THE ENTIRE COMMUNITY TO NETWORK AND PROMOTE ECONOMIC GROWTH.
SPONSOR VARIOUS ACTIVIES THROUGHOUT THE YEAR TO PROMOTE NETWORKING WITHIN THE BUSINESSES AND THE COMMUNITY. THESE ACTIVITIES ALSO HIGHLIGHT NEW AND EXISTING BUSINESSES TO THE COMMUNITY.
SPONSOR A LEADERSHIP PROGRAM TO THE COMMUNITY TO HELP TRAIN FUTURE COMMUNITY LEADERS. APPROXIMATELY TWENTY PARTICIPANTS ARE SELECTED FOR EACH CLASS.
PUBLISH AN ANNUAL DIRECTORY TO HIGHLIGHT INDIVIDUALS AND BUSINESSES WITHIN THE COMMUNITY. APPROXIMATELY 700 DIRECTORIES ARE PRINTED EACH YEAR AND GIVEN TO CHAMBER MEMBERS AND NEW MEMBERS TO THE COMMUNITY. NEWSLETTERS ARE EMAILED TO APPROXIMATLEY 700 PEOPLE. THESE ACTIVITIES HELP TO PROMOTE SHOPPING AND ECONOMIC DEVELOPMENT IN THE COMMUNITY. ALLIANCE WITH OTHER AREA CHAMBERS, AND HELP PROMOTE THE CHAMBER'S COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Libby Spencer Past - Presi | Officer | 40 | $50,000 |
Lisa Miller President | Officer | 40 | $26,929 |
Tim Quinn Chair | OfficerTrustee | 2 | $0 |
Daniel Wagner Treasurer | OfficerTrustee | 2 | $0 |
Cameron Edwards Past Chair | OfficerTrustee | 2 | $0 |
Elizabeth Oldham Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,830 |
| 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 | $28,830 |
| Total Program Service Revenue | $224,164 |
| Investment income | $130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $445 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $269,263 |
| 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. | $76,929 |
| Compensation of current officers, directors, key employees. | $16,924 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,980 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,214 |
| Travel | $746 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,464 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,153 |
| Insurance | $3,392 |
| All other expenses | $61,970 |
| Total functional expenses | $259,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $213,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,016 |
| 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 | $4,219 |
| Net Land, buildings, and equipment | $115,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $375,238 |
| Accounts payable and accrued expenses | $8,260 |
| Grants payable | $0 |
| Deferred revenue | $83,018 |
| 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 | $1,619 |
| Total liabilities | $92,897 |
| 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 | $282,341 |
| Total liabilities and net assets/fund balances | $375,238 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hopkins County Regional Chamber Of Commerce has recieved totaling $11,700.
| Awarding Organization | Amount |
|---|---|
Baptist Health Deaconess Madisonville Inc Louisville, KY PURPOSE: General Support | $11,700 |
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 |