Dothan Area Chamber Of Commerce
- Assets
- $3.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 21
- Location
- Dothan, AL
- Founding
- 09/1952
- Data as of
- 09/2023
- EIN
- 63-0060872
Organization Overview
Dothan Area Chamber Of Commerce is located in Dothan, AL. The organization was established in 1952. 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 09/2023, Dothan Area Chamber Of Commerce employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dothan Area 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 09/2023, Dothan Area Chamber Of Commerce generated $1.9m 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 $1.8m during the year ending 09/2023. While expenses have increased by 5.4% 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
TO SERVE AS A CATALYST FOR BUSINESS AND COMMUNITY DEVELOPMENT IN THE TRI-STATE AREA. ACCOMPLISHED THROUGH THE COMMERCIAL, FINANCIAL, CIVIC, AGRICULTURAL, INDUSTRIAL AND GENERAL INTERESTS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOTHAN AREA CHAMBER OF COMMERCE HAS PUT IN PLACE SEVERAL PROGRAMS FOR COMMUNITY IMPROVEMENT AND DEVELOPMENT IN THE LOCAL TRI-STATE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Kimbro Immediate Past Chairman | Trustee | 0 | $0 |
Michelle Lewis Chair | Trustee | 0 | $0 |
Bob Woodall Grow Dothan Chairman | Trustee | 0 | $0 |
Walter Hill Chairman-Elect | Trustee | 0 | $0 |
Claudia Hall Director | Trustee | 0 | $0 |
Donnie Pemberton Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $534,940 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,300,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,835,038 |
| Total Program Service Revenue | $0 |
| Investment income | $25,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,452 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,926,787 |
| 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 | $742,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,801 |
| Payroll taxes | $51,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,382 |
| Advertising and promotion | $310,819 |
| Office expenses | $25,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,645 |
| Travel | $985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $208,442 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,777 |
| Insurance | $91,270 |
| All other expenses | $49,034 |
| Total functional expenses | $1,795,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,362,233 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,437 |
| 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 | $13,604 |
| Net Land, buildings, and equipment | $1,002,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,472,689 |
| Accounts payable and accrued expenses | $88,942 |
| Grants payable | $0 |
| Deferred revenue | $233,187 |
| 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 | $322,129 |
| Net assets without donor restrictions | $1,952,379 |
| Net assets with donor restrictions | $1,198,181 |
| 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 | $3,472,689 |