Chamber Of Commerce
- Assets
- $286.1k
- Revenue
- $538.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Elizabethton, TN
- Founding
- 10/1943
- Data as of
- 06/2022
- EIN
- 62-6047765
Organization Overview
Chamber Of Commerce is located in Elizabethton, TN. The organization was established in 1943. 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, Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Chamber Of Commerce generated $538.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $399.5k during the year ending 06/2022. While expenses have increased by 15.1% 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
PROVIDE EVENTS AND SERVICES TO HELP PROVIDE LEADERSHIP AND SERVICE TO THE LOCAL CITY AND COUNTY BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EVENTS AND SERVICES TO HELP PROVIDE LEADERSHIP AND SERVICE TO THE LOCAL CITY AND COUNTY COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Mccray Executive Director | Trustee | 40 | $51,608 |
Kathy Campbell President-Elect | Trustee | 0 | $0 |
Sarah Presnell Treasurer | OfficerTrustee | 0 | $0 |
Danny O'quinn President | OfficerTrustee | 0 | $0 |
David Leveau Board Member | Trustee | 0 | $0 |
Cheri Clavier Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,378 |
| Fundraising events | $5,255 |
| Related organizations | $0 |
| Government grants | $49,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,094 |
| Total Program Service Revenue | $381,934 |
| Investment income | $34 |
| 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 | $538,562 |
| 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. | $51,608 |
| Compensation of current officers, directors, key employees. | $51,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,754 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $119,295 |
| Office expenses | $15,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,990 |
| Travel | $9,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,404 |
| Interest | $165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,370 |
| Insurance | $3,282 |
| All other expenses | $63,195 |
| Total functional expenses | $399,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,481 |
| 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 | $17,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450 |
| Total assets | $286,051 |
| Accounts payable and accrued expenses | $4,309 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $27,221 |
| Other liabilities | $0 |
| Total liabilities | $31,530 |
| Net assets without donor restrictions | $254,521 |
| 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 | $286,051 |