Petal Chamber Of Commerce
- Assets
- $91.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Petal, MS
- Founding
- 12/1998
- Data as of
- 03/2023
- EIN
- 64-0809902
Organization Overview
Petal Chamber Of Commerce is located in Petal, MS. The organization was established in 1998. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Petal 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 03/2023, Petal Chamber Of Commerce generated $126.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $121.5k during the year ending 03/2023. While expenses have increased by 4.3% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Elkins President | 1 | $0 | |
Renee Cummings Treasurer | 1 | $0 | |
Carrie Holeman Secretary | 1 | $0 | |
Tabitha Burden Director | 1 | $0 | |
Valerie Wilson Executive Director | 40 | $0 | |
Annie Mcmillan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $52,482 |
| Membership dues | $71,827 |
| Investment income | $1,733 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $224 |
| Total Revenue | $126,266 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,659 |
| Professional fees and other payments to independent contractors | $506 |
| Occupancy, rent, utilities, and maintenance | $3,540 |
| Printing, publications, postage, and shipping | $640 |
| Other expenses | $70,134 |
| Total expenses | $121,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,034 |
| Other assets | $0 |
| Total assets | $91,034 |
| Total liabilities | $1,563 |
| Net assets or fund balances | $89,471 |