Springdale Chamber Of Commerce
- Assets
- $1.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Springdale, AR
- Founding
- 08/1953
- Data as of
- 12/2021
- EIN
- 71-0029639
Organization Overview
Springdale Chamber Of Commerce is located in Springdale, AR. The organization was established in 1953. 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, Springdale Chamber Of Commerce employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springdale 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, Springdale Chamber Of Commerce generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.4m 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
TO PROMOTE BUSINESS ADVOCACY, COMMUNITY AND ECONOMIC ISSUES TO BENEFIT ALL WHO LIVE AND WORK IN SPRINGDALE, ARKANSAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE BUSINESS, TOURISM INDUSTRIAL DEVELOPMENT WITHIN SPRINGDALE, ARKANSAS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 40 | $120,572 |
Appel Jason Director | Trustee | 1 | $0 |
Clark Kevin Director | Trustee | 1 | $0 |
Donaldson Joe Treasurer | Trustee | 1 | $0 |
Hollis Sam Past Chair | Trustee | 1 | $0 |
Gladden Alex Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $460,048 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,420 |
| Total Program Service Revenue | $1,230,624 |
| Investment income | $612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,724 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,768,932 |
| 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 | $713,384 |
| Pension plan accruals and contributions | $33,461 |
| Other employee benefits | $0 |
| Payroll taxes | $82,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $32,741 |
| Information technology | $5,913 |
| Royalties | $0 |
| Occupancy | $36,068 |
| Travel | $4,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,309 |
| Interest | $7,933 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,333 |
| Insurance | $63,343 |
| All other expenses | $35,789 |
| Total functional expenses | $1,353,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $954,120 |
| Savings and temporary cash investments | $15,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,945 |
| 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 | $455,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,455,763 |
| Accounts payable and accrued expenses | $75,664 |
| Grants payable | $0 |
| Deferred revenue | $270,639 |
| 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 | $254,527 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,360 |
| Total liabilities | $644,190 |
| Net assets without donor restrictions | $680,328 |
| Net assets with donor restrictions | $131,245 |
| 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 | $1,455,763 |
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