Montevallo Chamber Of Commerce
- Assets
- $31.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montevallo, AL
- Founding
- Data as of
- 12/2021
- EIN
- 63-1052552
Organization Overview
Montevallo Chamber Of Commerce is located in Montevallo, AL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montevallo 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, Montevallo Chamber Of Commerce generated $47.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $34.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE BUSINESS IN THE MONTEVALLO AREA, TO STRENGTHEN RELATIONSHIPS BETWEEN BUSINESSES, TO STIMULATE ECONOMIC GROWTH, TO ENHANCE WORKFORCE DEVELOPMENT AND TO OFFER PROGRAMMING TO FORGE STRONG TIES BETWEEN THE CIVIC, EDUCATIONAL, CULTURAL AND BUSINESS ENTITIES IN THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Smitherman Chairman | 0 | $0 | |
Aimee Mellon Secretary | 0 | $0 | |
Kira Thomas Chairman | 0 | $0 | |
Nicole Heaton Vice President | 0 | $0 | |
Brandon Lovelady Treasurer | 0 | $0 | |
Obie Moore Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,191 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,703 |
| Other Revenue | $0 |
| Total Revenue | $47,894 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,852 |
| Professional fees and other payments to independent contractors | $5,368 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,169 |
| Total expenses | $34,389 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,653 |
| Other assets | $0 |
| Total assets | $31,653 |
| Total liabilities | $957 |
| Net assets or fund balances | $30,696 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Nashville Area Chamber Of Commerce Nashville, TN | $10,414,739 | $9,196,086 |
Visit Pensacola Inc Pensacola, FL | $2,535,965 | $7,930,486 |
Allinial Global Lawrenceville, GA | $3,508,006 | $7,173,344 |
The Florida Restaurant & Lodging Association Inc Tallahassee, FL | $14,927,226 | $6,472,755 |
Florida Sugar Cane League Inc Clewiston, FL | $7,160,509 | $7,506,531 |
Georgia Chamber Of Commerce Inc Atlanta, GA | $7,473,907 | $7,231,952 |
Memphis Area Chamber Of Commerce Memphis, TN | $3,591,167 | $6,894,505 |
American Accounting Association Lakewood Ranch, FL | $12,441,964 | $7,536,784 |
Ims Global Learning Consortium Inc Lake Mary, FL | $12,539,659 | $7,120,866 |
Southern Pine Inspection Bureau Pensacola, FL | $6,165,981 | $6,410,663 |
Tennessee Bankers Association Incorporated Nashville, TN | $20,990,156 | $6,097,018 |