Alma Area Chamber Of Commerce
- Assets
- $29.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alma, AR
- Founding
- 04/1985
- Data as of
- 12/2023
- EIN
- 71-0597228
Organization Overview
Alma Area Chamber Of Commerce is located in Alma, AR. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alma 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 12/2023, Alma Area Chamber Of Commerce generated $81.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $56.3k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ENCOURAGED, AIDED AND FURTHERED COMMERCIAL, INDUSTRIAL,AGRICULTURAL AND CIVIC DEVELOPEMENT OF THE ALMA AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Huff President | 10 | $0 | |
Colby Barker Vice Pres | 5 | $0 | |
Doug Bowen Secretary | 5 | $0 | |
Sarah Peters Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $42,700 |
| Investment income | $630 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $38,026 |
| Other Revenue | $0 |
| Total Revenue | $81,356 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $508 |
| Salaries, other compensation, and employee benefits | $18,669 |
| Professional fees and other payments to independent contractors | $1,975 |
| Occupancy, rent, utilities, and maintenance | $6,038 |
| Printing, publications, postage, and shipping | $3,459 |
| Other expenses | $25,623 |
| Total expenses | $56,272 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $28,990 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,990 |