Conway Area Chamber Of Commerce
- Assets
- $1.5m
- Revenue
- $1.8m
- Investments
- $72.3k
- Employees
- 17
- Location
- Conway, AR
- Founding
- 01/1972
- Data as of
- 12/2021
- EIN
- 71-0037470
Organization Overview
Conway Area Chamber Of Commerce is located in Conway, AR. The organization was established in 1972. 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, Conway Area Chamber Of Commerce employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conway Area 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, Conway Area 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 5.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 5.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE LOCAL AREA BUSINESSES IN THE CITY OF CONWAY, ARKANSAS WHO ARE MEMBERS OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL PROJECT TO PROMOTE THE CITY OF CONWAY, AR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John-Lewis J Gates Executive Vice President | 40 | $179,207 | |
Lindsay Henderson Chief Revenue Officer | 40 | $175,612 | |
Leo Cummings Director Of Sales & Member Engagement | 40 | $134,072 | |
Corey Parks Vice-Pres Of Economic Development | 40 | $103,610 | |
Pete Tanguay Chairman | OfficerTrustee | 10 | $0 |
Cate Mcconnell Vice-Chairman | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $493,037 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,875 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $666,912 |
| Total Program Service Revenue | $903,339 |
| Investment income | $5,577 |
| 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 | $1,770,031 |
| 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 | $619,863 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $132,730 |
| Payroll taxes | $58,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,857 |
| Advertising and promotion | $26,552 |
| Office expenses | $18,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,968 |
| Travel | $27,364 |
| 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 | $45,530 |
| Insurance | $16,130 |
| All other expenses | $66,346 |
| Total functional expenses | $1,666,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $790,743 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,540 |
| 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 | $548,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $72,321 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,487,753 |
| Accounts payable and accrued expenses | $46,245 |
| Grants payable | $0 |
| Deferred revenue | $79,535 |
| 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 | $0 |
| Total liabilities | $125,780 |
| Net assets without donor restrictions | $1,343,995 |
| Net assets with donor restrictions | $17,978 |
| 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 | $1,487,753 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Conway Area Chamber Of Commerce has recieved totaling $43,400.
| Awarding Organization | Amount |
|---|---|
Conway Regional Medical Center Inc Conway, AR PURPOSE: SPONSORSHIP | $43,400 |
Endowment Analysis
| Beg. Balance | $62,583 |
| Earnings | $9,738 |
| Ending Balance | $72,321 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
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 |