Jackson & Madison County Chamber Of Commerce

Organization Overview

Jackson & Madison County Chamber Of Commerce, operating under the name Jackson Chamber, is located in Jackson, TN. The organization was established in 1943. 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 01/2024, Jackson Chamber employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Chamber 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 01/2024, Jackson Chamber generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.3m during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTING ECONOMIC AND BUSINESS DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTING ECONOMIC AND BUSINESS DEVELOPMENT WHICH CONSISTS OF MARKETING THE AREA TO POTENTIAL EMPLOYERS, DEVELOPING AND ENHANCING MINORITY AND NEW BUSNIESS PARTNERSHIPS, WORKFORCE DEVELOPMENT, JOB CREATION, AND THE OVERALL PROMOTION OF JACKSON-MADISON COUNTY AS A GREAT PLACE TO WORK, LIVE , PLAY AND DO BUSINESS.


DEPRECIATION


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Board, Officers & Key Employees

Name (title)Compensation
Kyle Spurgeon
President &
$253,800
Curtis Mansfield
Sec/treasure
$0
Bob Arrington
Vice Chairma
$0
Roger Smith
Chariman
$0
Todd Swims
Immediate Pa
$0
Mechele Williams
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$666,333
Fundraising events$0
Related organizations$0
Government grants $154,236
All other contributions, gifts, grants, and similar amounts not included above$831,767
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,652,336
Total Program Service Revenue$569,844
Investment income $19,275
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 $2,241,455

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