Chamber Of Commerce-Sylacauga
- Assets
- $223.6k
- Revenue
- $397.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Sylacauga, AL
- Founding
- 07/1954
- Data as of
- 12/2023
- EIN
- 63-0205572
Organization Overview
Chamber Of Commerce-Sylacauga is located in Sylacauga, AL. The organization was established in 1954. 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 12/2023, Chamber Of Commerce-Sylacauga employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce-Sylacauga 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 12/2023, Chamber Of Commerce-Sylacauga generated $397.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $384.2k during the year ending 12/2023. While expenses have increased by 13.0% per year over the past 5 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 PROVIDE LEADERSHIP AND PROMOTE THE ECONOMIC ADVANCEMENT, BUSINESS CLIMATE, AND QUALITY OF LIFE FOR THE CITY OF SYLACAUGA AND ITS CITIZENS. THE CHAMBER OF COMMERCE EXISTS TO GIVE PEOPLE A STRONG AND EFFECTIVE VOICE TO PEOPLE WORKING TOWARD COMMON GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVERTISING AND PUBLIC RELATIONS IS SHOWN BY CREATING THE SYLACAUGA MAGAZINE WHICH IS THE OFFICAL MAGAZINE OF SYLACAUGA AND THE CHAMBER OF COMMERCE. LUNCH AND LEARNS ARE ALSO PUT ON THE CHAMBER TO BRING THE COMMUNITY TOGETHER. THE CHAMBER ALSO HOSTS LEADERSHIP SYLACAUGA, WHICH IS A 10 MONTH LEADERSHIP TRAINING PROGRAM DESIGNED TO INFORM, INSPIRE AND EMPOWER COMMUNITY LEADERS. THE COMPREHENSIVE CLASSES PROVIDE EMERGING LEADERS WITH A BROADER UNDERSTANDING AND HEIGHTENED AWARENESS OF THE PROBLEMS, OPPORTUNITIES, AND RESOURCES IN OUR AREA. RIBBON CUTTINGS NEW BUSINESSES, EXPANSIONS, NEW LOCATIONS, AND MAJOR REMODELS ARE WELCOME TO A RIBBON CUTTING HOSTED BY THE SYLACAUGA CHAMBER. PROFESSIONAL DEVELOPMENT VARIOUS WORKSHOPS ARE OFFERED THROUGHOUT THE YEAR FOCUSED ON PERTINENT BUSINESS RELATED TOPICS WITH A FOCUS ON ALL AREAS OF BUSINESS GROWTH AND PRODUCTIVITY INCLUDING MARKETING, HUMAN RESOURCE, FINANCIAL, AND LEADERSHIP. SYLACAUGA YOUNG PROFESSIONALS SYP IS AN ORGANIZATION FOR PEOPLE LIVING AND/OR WORKING IN SYLACAUGA. SYP PROVIDES OPPORTUNITIES TO GET INVOLVED, BE ACTIVE, AND NETWORK.
ADVERTISING AND PUBLIC RELATIONS IS SHOWN BY CREATING THE SYLACAUGA MAGAZINE WHICH IS THE OFFICAL MAGAZINE OF SYLACAUGA AND THE CHAMBER OF COMMERCE. LUNCH AND LEARNS ARE ALSO PUT ON THE CHAMBER TO BRING THE COMMUNITY TOGETHER. THE CHAMBER ALSO HOSTS LEADERSHIP SYLACAUGA, WHICH IS A 10 MONTH LEADERSHIP TRAINING PROGRAM DESIGNED TO INFORM, INSPIRE AND EMPOWER COMMUNITY LEADERS. THE COMPREHENSIVE CLASSES PROVIDE EMERGING LEADERS WITH A BROADER UNDERSTANDING AND HEIGHTENED AWARENESS OF THE PROBLEMS, OPPORTUNITIES, AND RESOURCES IN OUR AREA. RIBBON CUTTINGS NEW BUSINESSES, EXPANSIONS, NEW LOCATIONS, AND MAJOR REMODELS ARE WELCOME TO A RIBBON CUTTING HOSTED BY THE SYLACAUGA CHAMBER. PROFESSIONAL DEVELOPMENT VARIOUS WORKSHOPS ARE OFFERED THROUGHOUT THE YEAR FOCUSED ON PERTINENT BUSINESS RELATED TOPICS WITH A FOCUS ON ALL AREAS OF BUSINESS GROWTH AND PRODUCTIVITY INCLUDING MARKETING, HUMAN RESOURCE, FINANCIAL, AND LEADERSHIP. SYLACAUGA YOUNG PROFESSIONALS SYP IS AN ORGANIZATION FOR PEOPLE LIVING AND/OR WORKING IN SYLACAUGA. SYP PROVIDES OPPORTUNITIES TO GET INVOLVED, BE ACTIVE, AND NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Strickland Executive Di | Officer | 40 | $70,957 |
Ryan Coleman Past Chair | Officer | $0 | |
Donna Jones Past Chair | Officer | $0 | |
Gretta Spencer VP | Officer | $0 | |
Kimm Wright President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,032 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $144,628 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,529 |
| Total Program Service Revenue | $132,327 |
| Investment income | $572 |
| 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 | $397,623 |
| 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 | $124,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,943 |
| Payroll taxes | $10,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,996 |
| Advertising and promotion | $102,704 |
| Office expenses | $33,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,232 |
| Travel | $17,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,125 |
| Interest | $807 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,805 |
| Insurance | $5,618 |
| All other expenses | $0 |
| Total functional expenses | $384,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,475 |
| Savings and temporary cash investments | $10,013 |
| 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 | $103,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $223,626 |
| Accounts payable and accrued expenses | $13,701 |
| 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 | $5,123 |
| Total liabilities | $18,824 |
| Net assets without donor restrictions | $204,802 |
| 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 | $223,626 |