Clinton Chamber Of Commerce
- Assets
- $116.5k
- Revenue
- $303.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Clinton, MS
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 64-0432345
Organization Overview
Clinton Chamber Of Commerce is located in Clinton, MS. The organization was established in 1991. 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 12/2022, Clinton Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinton 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 12/2022, Clinton Chamber Of Commerce generated $303.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $268.3k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER'S MAIN PURPOSE IS TO ADVANCE THE GENERAL INTEREST OF THE CITY OF CLINTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUNCHEONS - THE ANNUAL PUBLIC SERVICE APPRECIATION LUNCHEON HONORS PUBLIC SERVANTS AND OUTSTANDING PUBLIC SAFETY AND CITY EMPLOYEES. THE ANNUAL EDUCATION RECOGNITION LUNCHEON RECOGNIZES OUTSTANDING EDUCATOR AND STUDENTS.
SPONSORING VARIOUS EVENTS TO ENHANCE COMMUNITY AND BUSINESS FELLOWSHIP. ENTERTAINMENT EVENTS INCLUDED THE 4TH ANNUAL RED BRICK ROADS MUSIC AND ARTS FESTIVAL IN PARTNERSHIP WITH MAIN STREET CLINTON THAT WAS WAS ATTENDED BY APPROXIMATELY 5000, THE ANNUAL CHRISTMAS PARADE WITH 1500 PARTICIPANTS, AND TASTE OF THE TOWN IN PARTNERSHIP WITH MAIN STREET CLINTON. BUSINESS SUPPORT ACTIVITIES SUCH AS BLOCK PARTIES; RIBBON CUTTINGS; COMMUNITY PROFILE AND MEMBERSHIP DIRECTORY AND THE CHAMBER NEWSLETTER PUBLISHED MONTHLY IN THE CLINTON COURIER AND OTHER BUSINESS PROMOTIONS.
LEADERSHIP PROGRAMS - CLINTON CHAMBER YOUTH LEADERSHIP IS A PROGRAM THAT ENGAGES HIGH SCHOOL JUNIORS AND SENIORS IN EDUCATIONAL SESSSIONS AND VOLUNTEER OPPORTUNITIES WITH. LEADERSHIP CLINTON IS A COMPREHENSIVE EDUCATIONAL PROGRAM DESIGNED TO TAP A DIVERSE BASE OF EMERGING LEADERS AND DEVELOP THEM INTO INFORMED, MOTIVATED COMMUNITY PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Tracy President | OfficerTrustee | 4 | $0 |
Clay Mansell Vice President | OfficerTrustee | 4 | $0 |
George Broadstreet Treasurer | OfficerTrustee | 4 | $0 |
Tronnie Lacy Secretary | OfficerTrustee | 4 | $0 |
Coretta Frazier President Elect | OfficerTrustee | 2 | $0 |
Nathan Cummins Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $163,724 |
| Fundraising events | $7,382 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,416 |
| Total Program Service Revenue | $106,722 |
| Investment income | $0 |
| 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 | $303,138 |
| 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. | $45,832 |
| Compensation of current officers, directors, key employees. | $4,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,650 |
| Advertising and promotion | $0 |
| Office expenses | $17,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,345 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $268,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,420 |
| Savings and temporary cash investments | $8,733 |
| 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 | $63,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,543 |
| 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 | $6,000 |
| Other liabilities | $3,938 |
| Total liabilities | $9,938 |
| Net assets without donor restrictions | $106,605 |
| 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 | $116,543 |