Nashville Area Chamber Of Commerce is located in Nashville, TN. The organization was established in 1941. 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 06/2021, Nashville Area Chamber Of Commerce employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville Area 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 06/2021, Nashville Area Chamber Of Commerce generated $9.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. 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
THE NASHVILLE AREA CHAMBER OF COMMERCE FACILITATES COMMUNITY LEADERSHIP TO CREATE ECONOMIC PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES:THE CHAMBER'S WORK IS MADE POSSIBLE BY ITS MEMBERS AND INVESTORS WHO ARE DRIVING OUR REGION'S FUTURE. THE CHAMBER REPRESENTS MORE THAN 2,000 MEMBER COMPANIES. APPROXIMATELY 75% OF CHAMBER-MEMBER BUSINESSES HAVE 50 OR FEWER EMPLOYEES. THE CHAMBER CONTINUES TO ENHANCE ITS FOCUS ON SMALL BUSINESS SUPPORT BY PROVIDING EDUCATIONAL PROGRAMS, EVENTS, AND INITIATIVES. THE CHAMBER SERVED 254 PARTICPANTS DURING IN-PERSON PROGRAMMING, AND 4,315 PARTICIPANTS DURING VIRTUAL PROGRAMMING. OVERALL, 4,061 INDIVIDUALS ATTENDED MORE THAN 160 CHAMBER EVENTS AND WEBINARS. THE CHAMBER'S MEMBERS HAVE GROWN THEIR BUSINESSES, TAKEN LEADERSHIP ROLES IN THE COMMUNITY, MENTORED EACH OTHER, AND HELPED OUR REGION GROW AND PROSPER.
ECONOMIC DEVELOPMENT:ECONOMIC DEVELOPMENT ACTIVITIES ATTRACT NEW BUSINESSES TO THE REGION AND FACILITATE THE GROWTH OF EXISTING AREA BUSINESSES. EFFORTS OF THE CHAMBER PROVIDED FOR 29 RELOCATIONS, 4,420 JOBS, 2,086,161 SQUARE FEET OF SPACE TO BE OCCUPIED, AND $1,402,863,634 OF CAPITAL WAS INVESTED IN BUILDINGS AND EQUIPMENT IN THE METROPOLITAN AREA. IN ADDITION, 29 COMPANIES ANNOUNCED EXPANSION PLANS ACCOUNTING FOR 9,736 JOBS, 11,792,750 SQUARE FEET OF SPACE TO BE OCCUPIED AND $5,202,125,473 IN CAPITAL INVESTMENT IN BUILDINGS AND EQUIPMENT IN THE METROPOLITAN AREA.
EDUCATION AND TALENT DEVELOPMENT:CHAMBER STAFF DEVELOP EMPLOYER ACCESS TO A SKILLED LABOR FORCE BY FACILITATING TALENT PIPELINE SOLUTIONS. MEMBERS ENGAGE WITH AND ADVOCATE ON BEHALF OF THE ISSUES SURROUNDING P-12 EDUCATION, POSTSECONDARY, AND ADULT EDUCATION.ACADEMIES OF NASHVILLE: THE ACADEMIES OF NASHVILLE BRING REAL-WORLD EXPERIENCE ALIGNED TO CAREERS OF INTEREST TO 12 ZONED MNPS HIGH SCHOOLS. ENGAGEMENT OF BUSINESS AND COMMUNITY PARTNERS ENSURES STUDENTS GAIN INDUSTRY EXPOSURE, WHILE LOCAL COLLEGES AND UNIVERSITIES PROVIDE ACCESS TO A RANGE OF DUAL CREDIT, DUAL ENROLLMENT, AND INDUSTRY CREDENTIALS TO PREPARE EVERY STUDENT TO BE COLLEGE OR CAREER READY. THE CHAMBER SERVES AS A RESOURCE TO THE ACADEMIES OF NASHVILLE BY ENGAGING BUSINESSES IN THE SUCCESS OF STUDENTS AND TEACHERS. IN PARTNERSHIP WITH MNPS AND PENCIL, THE CHAMBER HOSTS REGULAR MEETINGS FOR THE ACADEMIES OF NASHVILLE PARTNERSHIP COUNCILS WHICH CREATE, EVALUATE, AND MAINTAIN A FRAMEWORK FOR THE NEARLY 400 SCHOOL-BUSINESS PARTNERSHIPS.EDUCATION REPORT: FOR NEARLY 30 YEARS, THE CHAMBER'S EDUCATION REPORT HAS SERVED AS A COMMUNITY RESOURCE TO HIGHLIGHT THE SUCCESSES, CHALLENGES, AND OPPORTUNITIES IN METRO NASHVILLE PUBLIC SCHOOLS (MNPS). IN 2021, THE EDUCATION REPORT COMMITTEE SELECTED LEADERSHIP DEVELOPMENT AS THEIR SPECIAL TOPIC. THE 15-MEMBER COMMITTEE HEARD FROM A DIVERSE GROUP OF EXPERTS, RESULTING IN THE DEVELOPMENT OF A REPORT WITH SPECIFIC RECOMMENDATIONS TO MNPS AND THE MAYOR'S OFFICE, WITH ADDITIONAL CONSIDERATIONS FOR BUSINESSES, NONPROFITS AND FAMILIES.LEADERSHIP PUBLIC EDUCATION:LEADERSHIP PUBLIC EDUCATION IS A SIX-MONTH LEADERSHIP PROGRAM THAT EMPOWERS INDIVIDUALS WITH THE KNOWLEDGE AND SKILLS TO SERVE IN COMMUNITY LEADERSHIP ROLES AT ALL LEVELS OF MNPS. FROM JANUARY TO JUNE, THE LPE COHORT LEARN ABOUT THE STRUCTURES, CHALLENGES, AND OPPORTUNITIES THAT IMPACT MNPS.TALENT SOLUTIONS COUNCILS: THE CHAMBER'S TALENT SOLUTIONS COUNCILS ARE COMPRISED OF HUMAN RESOURCE DECISION-MAKERS FROM KEY EMPLOYERS SOLVING COMMON HR CHALLENGES USING A SUPPLY CHAIN MANAGEMENT FRAMEWORK FROM THE U.S. CHAMBER OF COMMERCE FOUNDATION'S TALENT PIPELINE MANAGEMENT SYSTEM. TPM IS COMPOSED OF SIX STRATEGIES DESIGNED TO SUPPORT EMPLOYERS IN DEVELOPING A MORE DATA-AND PERFORMANCE-DRIVEN APPROACH TO IMPROVING EDUCATION AND WORKFORCE PARTNERSHIPS. THE CHAMBER HOSTS QUARTERLY TALENT SOLUTION FORUMS TO INFORM AND INSPIRE ACTION BY EMPLOYERS IN TALENT SUPPLY SOLUTIONS.NORTHERN MIDDLE TN WORKFORCE BOARD: THE CHAMBER IS WORKING WITH THE NORTHERN MIDDLE TN WORKFORCE BOARD AND FORT CAMPBELL TO BUILD A PROCESS AROUND EMPLOYER CONNECTION TO THE MORE THAN 400 SOLDIERS TRANSITIONING INTO CIVILIAN LIFE FROM FORT CAMPBELL EACH MONTH. THE GOAL OF THIS WORK IS TO RETQAIN VALUABLE TALENT EXITING THE MILITARY TO FILL WORKFORCE NEEDS IN MIDDLE TENNESSEE AND BEYOND.IN JANUARY 2021, THE CHAMBER RELEASED THE 2020 MIDDLE TENNESSEE WORKFORCE STUDY, SPONSORED BY THE NORTHERN MIDDLE TN WORKFORCE BOARD. THE STUDY HIGHLIGHTS STRENGTHS AND OPPORTUNITIES WITHIN THE NASHVILLE AND CLARKSVILLE METROPOLITAN STATISTICAL AREAS' ECONOMIC AND LABOR FORCE LANDSCAPES AND HELPS IDENTIFY HIGH-WAGE, HIGH-DEMAND CAREER PATHWAYS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ralph Schulz Director & President & CEO | OfficerTrustee | 38 | $413,218 |
Hayley Hovious President, Hcc | Officer | 40 | $258,936 |
Stephanie Coleman Chief Growth Officer | Officer | 40 | $156,973 |
Jeff Hite Chief Economic Development Officer | Officer | 40 | $155,442 |
Jamie Lee Coo, Hcc | Officer | 40 | $153,268 |
Carolyn Schott General Counsel | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Capitol View Jv-e New Office Buildout And Rent | 6/29/21 | $513,168 |
Sun Life Assurance Company Of Canada Rent Expenses | 6/29/21 | $211,654 |
Atiba Network Services Llc It Support | 6/29/21 | $193,368 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,127,115 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $9,500 |
All other contributions, gifts, grants, and similar amounts not included above | $3,559,152 |
Noncash contributions included in lines 1a–1f | $94,577 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,695,767 |
Total Program Service Revenue | $2,359,339 |
Investment income | $66,295 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $74,685 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,196,086 |
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. | $1,212,116 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,704,844 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $27,800 |
Fees for services: Lobbying | $3,277 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $18,522 |
Fees for services: Other | $19,738 |
Advertising and promotion | $15,500 |
Office expenses | $218,149 |
Information technology | $264,900 |
Royalties | $0 |
Occupancy | $810,302 |
Travel | $58,480 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $999,633 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $168,849 |
Insurance | $43,573 |
All other expenses | $0 |
Total functional expenses | $7,760,048 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,637,418 |
Savings and temporary cash investments | $3,611,260 |
Pledges and grants receivable | $54,737 |
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 | $303,302 |
Net Land, buildings, and equipment | $809,032 |
Investments—publicly traded securities | $3,558,833 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $440,157 |
Total assets | $10,414,739 |
Accounts payable and accrued expenses | $865,099 |
Grants payable | $0 |
Deferred revenue | $2,305,468 |
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 | $3,170,567 |
Net assets without donor restrictions | $4,659,016 |
Net assets with donor restrictions | $2,585,156 |
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 | $10,414,739 |
Over the last fiscal year, we have identified 2 grants that Nashville Area Chamber Of Commerce has recieved totaling $25,500.
Awarding Organization | Amount |
---|---|
Country Music Association Inc Nashville, TN PURPOSE: PARTNERSHIP 2021 | $25,000 |
Dan And Margaret Maddox Charitable Fund Nashville, TN PURPOSE: TO PROVIDE CORE MISSION SUPPORT. | $500 |
Organization Name | Assets | Revenue |
---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |