Gallatin Chamber Of Commerce
- Assets
- $585.5k
- Revenue
- $554.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Gallatin, TN
- Founding
- 11/1987
- Data as of
- 12/2021
- EIN
- 62-0807832
Organization Overview
Gallatin Chamber Of Commerce is located in Gallatin, TN. The organization was established in 1987. 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 12/2021, Gallatin Chamber Of Commerce employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gallatin 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 12/2021, Gallatin Chamber Of Commerce generated $554.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $488.5k during the year ending 12/2021. While expenses have increased by 7.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOCAL CHAMBER OF COMMERCE PROMOTING BUSINESS IN GALLATIN, TN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL CHAMBER OF COMMERCE PROMOTING BUSINESS IN GALLATIN, TN AREA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Assante Secretary | OfficerTrustee | $0 | |
Justin Hays Treasurer | OfficerTrustee | $0 | |
Aaron Pickard Board Liason | OfficerTrustee | $0 | |
Kit Sinyard Chairman | OfficerTrustee | $0 | |
Taylor Walker Past Chairma | OfficerTrustee | $0 | |
Tiffany Annie Brown Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $241,855 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,700 |
| 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 | $313,555 |
| Total Program Service Revenue | $222,189 |
| Investment income | $1,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$614 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,212 |
| 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 | $227,822 |
| Pension plan accruals and contributions | $3,529 |
| Other employee benefits | $16,381 |
| Payroll taxes | $15,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,554 |
| Advertising and promotion | $7,115 |
| Office expenses | $26,481 |
| Information technology | $492 |
| Royalties | $0 |
| Occupancy | $6,777 |
| Travel | $6,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,852 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,636 |
| Insurance | $3,506 |
| All other expenses | $19,835 |
| Total functional expenses | $488,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,142 |
| Savings and temporary cash investments | $311,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,682 |
| Prepaid expenses and deferred charges | $12,037 |
| Net Land, buildings, and equipment | $27,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $585,460 |
| Accounts payable and accrued expenses | $8,175 |
| Grants payable | $0 |
| Deferred revenue | $231,994 |
| 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 | $6,333 |
| Total liabilities | $246,502 |
| Net assets without donor restrictions | $338,958 |
| 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 | $585,460 |
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|---|---|---|
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