Franklin-Simpson Chamber Of Commerce Inc
- Assets
- $128.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, KY
- Founding
- 09/1967
- Data as of
- 12/2021
- EIN
- 61-0661855
Organization Overview
Franklin-Simpson Chamber Of Commerce Inc is located in Franklin, KY. The organization was established in 1967. 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. Franklin-Simpson Chamber Of Commerce 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, Franklin-Simpson Chamber Of Commerce Inc generated $172.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $172.5k during the year ending 12/2021. While expenses have increased by 1.2% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Thurmond Exec. Director | 40 | $69,675 | |
Sallly Maloney Director | 0.5 | $0 | |
Joey Traughber Director | 0.5 | $0 | |
Chris Law Director | 0.5 | $0 | |
Mary Pat Bly President | 1 | $0 | |
Ted Nicholson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,000 |
| Total Program Service Revenue | $19,836 |
| Membership dues | $74,575 |
| Investment income | $7,103 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,233 |
| Other Revenue | $0 |
| Total Revenue | $172,747 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $123,002 |
| Professional fees and other payments to independent contractors | $950 |
| Occupancy, rent, utilities, and maintenance | $9,633 |
| Printing, publications, postage, and shipping | $1,168 |
| Other expenses | $37,704 |
| Total expenses | $172,457 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,083 |
| Other assets | $0 |
| Total assets | $128,481 |
| Total liabilities | $4,312 |
| Net assets or fund balances | $124,169 |
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