Lawrence County Chamber Of Commerce
- Assets
- $709.3k
- Revenue
- $520.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Lawrenceburg, TN
- Founding
- 08/2003
- Data as of
- 06/2022
- EIN
- 62-0465433
Organization Overview
Lawrence County Chamber Of Commerce is located in Lawrenceburg, TN. The organization was established in 2003. 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 06/2022, Lawrence County Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence County 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 06/2022, Lawrence County Chamber Of Commerce generated $520.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $562.2k during the year ending 06/2022. While expenses have increased by 8.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY AND ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESOURCES INVESTED BY MEMBERS HAVE ENABLED THE CHAMBER TO HELP CREATE NEW JOBS, DEVELOP NEW CUSTOMERS FOR MEMBERS, DEVELOP A SKILLED WORKFORCE, PROMOTE A POSITIVE BUSINESS CLIMATE, PROVIDE SMALL BUSINESS ASSISTANCE, AND ALLOW FOR PEER-TO-PEER NETWORKING OPPORTUNITIES.
THE RESOURCES INVESTED BY MEMBERS HAVE ENABLED THE CHAMBER TO HELP CREATE NEW JOBS, DEVELOP NEW CUSTOMERS FOR MEMBERS, DEVELOP A SKILLED WORKFORCE, PROMOTE A POSITIVE BUSINESS CLIMATE, PROVIDE SMALL BUSINESS ASSISTANCE, AND ALLOW FOR PEER-TO-PEER NETWORKING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Egly President An | OfficerTrustee | 40 | $115,772 |
Mara Lerner Chairman | OfficerTrustee | 8 | $0 |
Cameron Hoffmeyer Vice Chairma | OfficerTrustee | 4 | $0 |
Chase Adkins Treasurer | OfficerTrustee | 4 | $0 |
Jason Shelton Secretary | OfficerTrustee | 4 | $0 |
Steve Hill Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $377,012 |
| 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 | $377,012 |
| Total Program Service Revenue | $95,180 |
| Investment income | $3,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,110 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $520,947 |
| 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. | $115,772 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,521 |
| Pension plan accruals and contributions | $8,047 |
| Other employee benefits | $0 |
| Payroll taxes | $23,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,209 |
| Office expenses | $9,123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $10,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,082 |
| Insurance | $28,155 |
| All other expenses | $24,764 |
| Total functional expenses | $562,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,451 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,915 |
| 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 | $20,050 |
| Net Land, buildings, and equipment | $155,061 |
| Investments—publicly traded securities | $227,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $709,263 |
| Accounts payable and accrued expenses | $10,409 |
| Grants payable | $0 |
| Deferred revenue | $31,493 |
| 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 | $41,902 |
| Net assets without donor restrictions | $667,361 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $709,263 |