Phillips County Chamber Of Commerce
- Assets
- $854.6k
- Revenue
- $101.0k
- Investments
- $0.0
- Employees
- 2
- Location
- West Helena, AR
- Founding
- 03/1972
- Data as of
- 03/2022
- EIN
- 71-0140375
Organization Overview
Phillips County Chamber Of Commerce, operating under the name Co Brenda L Knapp Cpa, is located in West Helena, 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 03/2022, Co Brenda L Knapp Cpa employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co Brenda L Knapp Cpa 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, Co Brenda L Knapp Cpa generated $101.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $92.1k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 7 years. 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 WORKS TO ENABLE PHILLIPS CO TO REACH ITS FULL ECONOMIC POTENTIAL BY PROMOTING, ADVOCATING FOR, AND SUPPORTING EXISTING BUSINESSES AND THE STRATEGIC DEVELOPMENT OF NEW VENTURES THAT CAPITALIZE ON OUR COMMUNITYS UNIQUE ASSETS TO MAXIMIZE ECON GROWTH AND QUALITY OF LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS RETENTION AND EXPANSION-THE CHAMBER NORMALLY OFFERED A WIDE ARRAY OF SERVICES TO PROMOTE,SUPPORT,AND ADVOCATE ON BEHALF OF EXISTING BUSINESSES TO HELP THEM SURVIVE, THRIVE AND GROW. THIS YEARS COVID19 EXPOSURE REDUCED THIS PROJECT TO NEARLY NOTHING. ALSO, A DANGEROUS MOLD EXPOSURE IN THE CHAMBER BUILDING PROHIBITED USING THE BUILDING MOST OF THE YEAR.
COMMUNITY EVENT PROMOTION--THE CHAMBER HAD BEEN SENDING OUT A WEEKLY E-NEWSLETTER TO OVER 1000 SUBSCRIBERS PROMOTING COMMUNITY EVENTS AND MAINTAINED A COMMUNITY EVENTS CALENDAR ON ITS WEBSITE. DUE TO THE MOLD EVENT IN THE CHAMBER BUILDING, THIS WAS GREATLY CURTAILED AND SUSPENDED.
THERE WERE NO NEW BUSINESS PROMOTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Dalencourt President | OfficerTrustee | 5 | $0 |
Ben Pittman Board Member | OfficerTrustee | 2 | $0 |
Missy Ishmael Vice President | Officer | 5 | $0 |
Lisa Polk Secretary-Treasurer | Officer | 0 | $0 |
Nancy Mckee Executive Director | Officer | 0 | $0 |
Linda Patterson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,503 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $36,503 |
| Total Program Service Revenue | $14,400 |
| Investment income | $18,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,866 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,039 |
| 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. | $29,167 |
| Compensation of current officers, directors, key employees. | $10,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,925 |
| Fees for services: Other | $0 |
| Advertising and promotion | $219 |
| Office expenses | $3,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,557 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,992 |
| All other expenses | $555 |
| Total functional expenses | $92,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,709 |
| Savings and temporary cash investments | $0 |
| 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 | $30,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $813,552 |
| Intangible assets | $0 |
| Other assets | $691 |
| Total assets | $854,596 |
| Accounts payable and accrued expenses | $8,293 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,293 |
| Net assets without donor restrictions | $0 |
| 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 | $846,303 |
| Total liabilities and net assets/fund balances | $854,596 |
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