Cleveland-Bradley Chamber Of Commerce
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Cleveland, TN
- Founding
- 05/1945
- Data as of
- 12/2022
- EIN
- 62-0162970
Organization Overview
Cleveland-Bradley Chamber Of Commerce is located in Cleveland, TN. The organization was established in 1945. 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 12/2022, Cleveland-Bradley Chamber Of Commerce employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland-Bradley 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 12/2022, Cleveland-Bradley Chamber Of Commerce generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS DEVELOPMENT OF MEMBERS, ECONOMIC GROWTH OF THE REGION, AND THE HIGHEST QUALITY OF LIFE FOR THE OCOEE REGION OF TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS DEVELOPMENT OF MEMBERS, ECONOMIC GROWTH OF THE REGION, AND THE HIGHEST QUALITY OF LIFE FOR THE OCOEE REGION OF TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Griffin President & | OfficerTrustee | 40 | $119,247 |
Dewayne Thompson Chairman | OfficerTrustee | 1 | $0 |
Tim Henderson Chair-Elect | OfficerTrustee | 1 | $0 |
Mike Thomasson Imm. Past Ch | OfficerTrustee | 1 | $0 |
Brad Benton Treasurer | OfficerTrustee | 1 | $0 |
Chris Anziano Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $855,102 |
| 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 | $865,102 |
| Total Program Service Revenue | $439,645 |
| Investment income | $667 |
| 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 | $1,419,150 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,147 |
| Payroll taxes | $54,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $149 |
| Fees for services: Accounting | $7,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,866 |
| Advertising and promotion | $0 |
| Office expenses | $77,048 |
| Information technology | $7,089 |
| Royalties | $0 |
| Occupancy | $52,377 |
| Travel | $19,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,691 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,944 |
| Insurance | $4,866 |
| All other expenses | $4,229 |
| Total functional expenses | $1,216,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,063 |
| Savings and temporary cash investments | $492,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $136,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,311,163 |
| Accounts payable and accrued expenses | $8,391 |
| Grants payable | $0 |
| Deferred revenue | $78,839 |
| 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 | $87,230 |
| Net assets without donor restrictions | $1,067,153 |
| Net assets with donor restrictions | $156,780 |
| 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 | $1,311,163 |