Chamber Of Commerce-Huntsville-Madison County

Organization Overview

Chamber Of Commerce-Huntsville-Madison County is located in Huntsville, AL. The organization was established in 0000. 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, Chamber Of Commerce-Huntsville-Madison County employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce-Huntsville-Madison County 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, Chamber Of Commerce-Huntsville-Madison County generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION AND DEVELOPMENT OF CIVIC AND ECONOMIC INTERESTS

Describe the Organization's Program Activity:

THE CHAMBER PROVIDED TRAINING, NETWORKING, COMMUNITY AWARENESS AND PROMOTION TO ITS 2,196 MEMBERS AND TO THE COMMUNITY AT LARGE. NEW AND EXPANDED COMPANIES RESULTED IN 3,015 NEW JOBS. ANNOUNCED CAPITAL INVESTMENT WAS $1.8 BILLION. THE CHAMBER PROVIDED MORE THAN 42 PROFESSIONAL DEVELOPMENT WORKSHOPS AND 6 UAH SBDC PARTNER WORKSHOPS AND HAD MORE THAN 116 RIBBON CUTTINGS AND GROUND BREAKINGS.


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Board, Officers & Key Employees

Name (title)Compensation
Chip Cherry
President & CEO
$317,602
Lucia Cape
Employee
$151,685
Michael Ward
Employee
$126,013
Erin Koshut
Employee
$108,705
Mary Mcnairy
Employee
$108,705
Jeff Gronberg
Board Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,362,559
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$844,895
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,207,454
Total Program Service Revenue$2,140,807
Investment income $21,360
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 $4,392,639

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Chamber Of Commerce-Huntsville-Madison County has recieved totaling $5,000.

Awarding OrganizationAmount
Huntsville Rehabilitation Fdn

Huntsville, AL

PURPOSE: SPONSORSHIP FOR THE 2021 U.S. PARALYMPIC CYCLING OPEN

$5,000
View Grant Recipient Profile

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