Forest Area Chamber Of Commerce Inc
- Assets
- $39.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forest, MS
- Founding
- 05/1950
- Data as of
- 12/2021
- EIN
- 64-0295474
Organization Overview
Forest Area Chamber Of Commerce Inc is located in Forest, MS. The organization was established in 1950. 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. Forest Area Chamber Of Commerce Inc 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, Forest Area Chamber Of Commerce Inc generated $38.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $44.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allyce Lott Exec Directo | 20 | $23,958 | |
Lee Mccarty President | 0 | $0 | |
Mandy Coward Board Member | 0 | $0 | |
Tina Adcox Board Member | 0 | $0 | |
Robin Autry Board Member | 0 | $0 | |
Amanda Cox Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,408 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,595 |
| Investment income | $82 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,134 |
| Other Revenue | $96 |
| Total Revenue | $38,315 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,945 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $473 |
| Other expenses | $17,279 |
| Total expenses | $44,697 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,973 |
| Other assets | $0 |
| Total assets | $38,973 |
| Total liabilities | $1,088 |
| Net assets or fund balances | $37,885 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Area Chamber Of Commerce Nashville, TN | $10,414,739 | $9,196,086 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Memphis Area Chamber Of Commerce Memphis, TN | $3,591,167 | $6,894,505 |
Tennessee Bankers Association Incorporated Nashville, TN | $20,990,156 | $6,097,018 |
Montgomery Area Chamber Of Commerce Montgomery, AL | $3,766,840 | $6,554,835 |
Associated Builders And Contractors Inc Baton Rouge, LA | $9,902,168 | $6,563,772 |
Mobile Area Chamber Of Commerce Mobile, AL | $2,346,261 | $5,207,666 |
Tennessee Association Of Utility Districts Murfreesboro, TN | $3,407,323 | $4,673,368 |
Birmingham Business Alliance Birmingham, AL | $3,411,239 | $5,026,644 |
Greater Knoxville Chamber Of Commerce Knoxville, TN | $3,687,066 | $4,489,464 |
Chamber Of Commerce-Huntsville-Madison County Huntsville, AL | $6,204,851 | $4,392,639 |
Alliance For Business & Training Northeast Tn Inc Johnson City, TN | $595,693 | $4,298,984 |