Sevierville Chamber Of Commerce Inc
- Assets
- $2.0m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Sevierville, TN
- Founding
- 06/1991
- Data as of
- 06/2023
- EIN
- 62-0700256
Organization Overview
Sevierville Chamber Of Commerce Inc is located in Sevierville, TN. The organization was established in 1991. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Sevierville Chamber Of Commerce Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sevierville 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 06/2023, Sevierville Chamber Of Commerce Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $6.7m during the year ending 06/2023. While expenses have increased by 8.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF COMMERCIAL, INDUSTRIAL, AND CIVIC INTEREST IN THE CITY BY SPONSORING ACTIVITIES, DISTRIBUTING LITERATURE, ADVERTISING AND MARKETING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTIONS: THE ORGANIZATION PROMOTES THE AREA'S ARTS, MUSIC, DRAMA, AND HISTORY AND FOSTERS APPRECIATION OF THE AREA'S NATURAL BEAUTY THROUGH THE PUBLICATION OF BROCHURES AND ADVERTISING.
FESTIVALS AND SPECIAL EVENTS: THE CHAMBER SPONSORS AND PROMOTES ANNUAL FESTIVALS INCLUDING SPRINGFEST, WINTERFEST, THE BLOOMIN' BARBEQUE & BLUEGRASS FESTIVAL AND OTHER EVENTS INCLUDING HOSPITALITY SEMINARS, COFFEE BREAKS, AND MEMBERSHIP BREAKFASTS. THESE EVENTS ENCOURAGE COMMUNITY PARTICIPATION AND TOURISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Bounds Chairman | OfficerTrustee | 1 | $0 |
Adam Atchley Ex- Officio | OfficerTrustee | 1 | $0 |
Elise Collier-Massey Treasurer | OfficerTrustee | 1 | $0 |
Doug Blalock Secretary | OfficerTrustee | 1 | $0 |
Tasha Wade Co-Chairman | OfficerTrustee | 1 | $0 |
Travis Mccroskey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $203,737 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,195,434 |
| 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 | $6,399,171 |
| Total Program Service Revenue | $240,580 |
| Investment income | $5,984 |
| 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 | $6,655,444 |
| 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. | $135,514 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $790,333 |
| Pension plan accruals and contributions | $33,905 |
| Other employee benefits | $168,617 |
| Payroll taxes | $71,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,658,376 |
| Office expenses | $121,152 |
| Information technology | $46,542 |
| Royalties | $0 |
| Occupancy | $158,057 |
| Travel | $49,127 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $196,171 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,440 |
| Insurance | $7,920 |
| All other expenses | $2,895 |
| Total functional expenses | $6,658,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,795,799 |
| 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 | $3,999 |
| Net Land, buildings, and equipment | $245,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,044,933 |
| Accounts payable and accrued expenses | $51,745 |
| Grants payable | $0 |
| Deferred revenue | $192,867 |
| 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 | $244,612 |
| Net assets without donor restrictions | $1,800,321 |
| 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 | $2,044,933 |