Selma & Dallas County Chamber Of is located in Selma, AL. The organization was established in 1950. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Selma & Dallas County Chamber Of 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, Selma & Dallas County Chamber Of generated $183.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $167.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 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
TO PROMOTE ECONOMIC DEVELOPMENT AND TOURISM, AS WELL AS ASSIST EXISTING BUSINESS EXPANSION AND IMPROVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE TO MEMBERS IN THE SELMA/DALLAS COUNTY AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Arthur Mclean Chair-Elect | OfficerTrustee | 3 | $0 |
Tomeko L Mcphillips Chairman | OfficerTrustee | 3 | $0 |
Johnny Moss III Past Chairma | OfficerTrustee | 1 | $0 |
Jimmie Coleman III Tourism | OfficerTrustee | 1 | $0 |
Harriett L Foster Civic/gov't | OfficerTrustee | 1 | $0 |
Clifford Hunter Membership | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $56,710 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $97,547 |
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 | $154,257 |
Total Program Service Revenue | $0 |
Investment income | $60 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $1,836 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $183,521 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $50 |
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 | $57,750 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $13,340 |
Payroll taxes | $4,553 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,735 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $26,029 |
Advertising and promotion | $9,020 |
Office expenses | $19,678 |
Information technology | $1,950 |
Royalties | $0 |
Occupancy | $11,001 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $200 |
Interest | $0 |
Payments to affiliates | $970 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,050 |
All other expenses | $208 |
Total functional expenses | $167,779 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $90,963 |
Savings and temporary cash investments | $32,990 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $123,953 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Other liabilities | $5,601 |
Total liabilities | $5,601 |
Net assets without donor restrictions | $118,352 |
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 | $123,953 |
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