Cullman County Chamber Of Commerce
- Assets
- $1.2m
- Revenue
- $864.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Cullman, AL
- Founding
- 09/1975
- Data as of
- 02/2022
- EIN
- 63-0384727
Organization Overview
Cullman County Chamber Of Commerce is located in Cullman, AL. The organization was established in 1975. 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 02/2022, Cullman County Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cullman County 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 02/2022, Cullman County Chamber Of Commerce generated $864.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $874.5k during the year ending 02/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS LEAGUE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING TOURISM IN CULLMAN COUNTY
PROMOTING ECONOMIC DEVELOPMENT IN CULLMAN COUNTY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Varden Interim President & CEO | OfficerTrustee | 40 | $36,798 |
Ben Harrison Chair-Elect | Trustee | 3 | $0 |
Stephen Parker Current Chair | Trustee | 3 | $0 |
Mel Koller Vice Chair | Trustee | 3 | $0 |
Josh Wiggins Vice Chair | Trustee | 3 | $0 |
Suzanne Harbin Vice Chair | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $152,210 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $431,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $662,677 |
| Total Program Service Revenue | $197,118 |
| Investment income | $286 |
| 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 | $864,140 |
| 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. | $36,798 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29 |
| Payroll taxes | $11,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,470 |
| Advertising and promotion | $7,420 |
| Office expenses | $13,194 |
| Information technology | $6,612 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $86 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,404 |
| Interest | $4,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,216 |
| Insurance | $15,815 |
| All other expenses | $64,915 |
| Total functional expenses | $874,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,778 |
| Savings and temporary cash investments | $75,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,102 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,746 |
| Net Land, buildings, and equipment | $671,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,221,302 |
| Accounts payable and accrued expenses | $2,892 |
| Grants payable | $0 |
| Deferred revenue | $21,888 |
| 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 | $260,875 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $285,655 |
| Net assets without donor restrictions | $907,392 |
| Net assets with donor restrictions | $28,255 |
| 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 | $1,221,302 |
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|---|---|---|
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Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
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American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
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 |
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