Petal Chamber Of Commerce
- Assets
- $85.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Petal, MS
- Founding
- 12/1998
- Data as of
- 03/2022
- 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 03/2022, Petal Chamber Of Commerce generated $103.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $99.0k during the year ending 03/2022. While expenses have increased by 1.9% per year over the past 7 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 |
|---|---|---|---|
Valerie Wilson Executive Director | 40 | $40,000 | |
Renee Cummings Treasurer | 1 | $0 | |
Chuck Parish President | 1 | $0 | |
Carrie Holeman Secretary | 1 | $0 | |
Tabitha Burden Director | 1 | $0 | |
Annie Mcmillan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $36,543 |
| Membership dues | $66,135 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,230 |
| Total Revenue | $103,920 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43,672 |
| Professional fees and other payments to independent contractors | $350 |
| Occupancy, rent, utilities, and maintenance | $2,992 |
| Printing, publications, postage, and shipping | $824 |
| Other expenses | $51,210 |
| Total expenses | $99,048 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,739 |
| Other assets | $0 |
| Total assets | $85,739 |
| Total liabilities | $1,055 |
| Net assets or fund balances | $84,684 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Northwest Arkansas Economic Development District Inc Harrison, AR | $3,285,809 | $5,390,544 |
Southern Bancorp Capital Partners Little Rock, AR | $42,438,691 | $5,768,207 |
Woodlawn Foundation Inc Birmingham, AL | $23,281,492 | $7,022,697 |
Vibrant Memphis Inc Memphis, TN | $19,880,886 | $2,783,167 |
Central Arkansas Planning And Development District Inc Lonoke, AR | $3,810,692 | $3,632,917 |
Mobile Convention & Visitors Corporation Mobile, AL | $2,719,162 | $3,833,596 |
Southeast Ark Economic Development Dist Inc Pine Bluff, AR | $5,360,622 | $3,105,093 |
Tellico Reservoir Development Agency Vonore, TN | $28,907,540 | $4,452,112 |
New Orleans Bioinnovation Center Inc New Orleans, LA | $37,003,037 | $2,583,962 |
Blount Partnership Maryville, TN | $1,822,545 | $3,104,359 |