Monroe County Chamber Of Commerce
- Assets
- $441.9k
- Revenue
- $358.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Amory, MS
- Founding
- 10/1976
- Data as of
- 12/2021
- EIN
- 64-0391667
Organization Overview
Monroe County Chamber Of Commerce is located in Amory, MS. The organization was established in 1976. 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, Monroe County Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe 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 12/2021, Monroe County Chamber Of Commerce generated $358.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $374.4k during the year ending 12/2021. 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
RECRUITMENT OF BUSINESS TO THE MONROE COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECRUIT NEW BUSINESS TO THE MONROE COUNTY AREA AND RETAIN THE CURRENT BUSINESS WE HAVE. ALSO TO PROMOTE THE RESOURCES AND PEOPLE OF MONROE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelsea T Baulch CEO | Officer | 40 | $84,390 |
Kevin Mccartney Treasurer | OfficerTrustee | 1 | $0 |
Tracy Allen President | OfficerTrustee | 1 | $0 |
Jon Alexander Officer | OfficerTrustee | 1 | $0 |
Brenda Boozer Officer | OfficerTrustee | 1 | $0 |
Allen Lee Officer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $300,740 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,240 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,000 |
| 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 | $358,246 |
| 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 | $163,387 |
| Pension plan accruals and contributions | $4,902 |
| Other employee benefits | $5,799 |
| Payroll taxes | $12,924 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,821 |
| Advertising and promotion | $3,820 |
| Office expenses | $12,147 |
| Information technology | $18,114 |
| Royalties | $0 |
| Occupancy | $33,989 |
| Travel | $3,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,224 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,292 |
| Insurance | $3,227 |
| All other expenses | $9,242 |
| Total functional expenses | $374,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,339 |
| Savings and temporary cash investments | $0 |
| 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 | $7,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,250 |
| Total assets | $441,879 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,456 |
| Total liabilities | $1,456 |
| Net assets without donor restrictions | $440,423 |
| 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 | $441,879 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
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 |
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 |