Mobile Area Chamber Of Commerce
- Assets
- $2.3m
- Revenue
- $5.2m
- Investments
- $337.8k
- Employees
- 44
- Location
- Mobile, AL
- Founding
- 11/1940
- Data as of
- 12/2021
- EIN
- 63-0142765
Organization Overview
Mobile Area Chamber Of Commerce is located in Mobile, AL. The organization was established in 1940. 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, Mobile Area Chamber Of Commerce employed 44 individuals. This organization is the central organization for a national or regional group of organizations. Mobile 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 12/2021, Mobile Area Chamber Of Commerce generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
COMMUNITY AND ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP - PROVIDES SERVICES ON TOTAL RESOURCE DEVELOPMENT CAMPAIGNS, CUSTOMER SERVICE, HELP DESK SERVICES, GENERAL MEMBERSHIP PROJECTS AND COMMUNICATIONS WITH MEMBERS.
ECONOMIC DEVELOPMENT - PROGRAM TO PROVIDE SERVICES RELATED TO MARKETING THE MOBILE AREA WITH A VIEW TOWARDS ECONOMIC & COMMUNITY DEVELOPMENT.
COMMUNICATIONS - PROGRAMS & ACTIVITIES TO GEAR THE PUBLIC & CHAMBER MEMBERS TO PROMOTE THE MOBILE AREA THROUGH NATIONAL & INTERNATIONAL PUBLIC RELATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Sisson President | Officer | 40 | $261,599 |
Bob Chappelle COO | 40 | $198,805 | |
David Rodgers VP Of Economic Development | 40 | $151,977 | |
Neil Christopher Chief Financial Officer | 40 | $105,712 | |
Matt White Chairman Elect | OfficerTrustee | 1 | $0 |
Terry Harbin Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $524,681 |
| 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 | $524,681 |
| Total Program Service Revenue | $4,667,302 |
| Investment income | $45,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,207,666 |
| 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. | $282,939 |
| Compensation of current officers, directors, key employees. | $282,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,040,992 |
| Pension plan accruals and contributions | $72,321 |
| Other employee benefits | $190,831 |
| Payroll taxes | $164,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,420 |
| Advertising and promotion | $36,507 |
| Office expenses | $47,754 |
| Information technology | $146,291 |
| Royalties | $0 |
| Occupancy | $243,800 |
| Travel | $41,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,836 |
| Insurance | $24,262 |
| All other expenses | $496,249 |
| Total functional expenses | $4,686,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $897,513 |
| Savings and temporary cash investments | $535,489 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $433,207 |
| 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 | $99,260 |
| Net Land, buildings, and equipment | $42,375 |
| Investments—publicly traded securities | $640 |
| Investments—other securities | $337,777 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,346,261 |
| Accounts payable and accrued expenses | $328,380 |
| Grants payable | $0 |
| Deferred revenue | $885,906 |
| 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 | $256,464 |
| Total liabilities | $1,470,750 |
| Net assets without donor restrictions | $875,511 |
| 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 | $2,346,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Radio Music License Committee Brentwood, TN | $1,028,521 | $6,574,625 |
Midtown Business Association Inc Atlanta, GA | $4,952,556 | $10,845,776 |