Ruston-Lincoln Chamber Of Commerce
- Assets
- $133.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Ruston, LA
- Founding
- 01/1975
- Data as of
- 06/2022
- EIN
- 72-0306125
Organization Overview
Ruston-Lincoln Chamber Of Commerce is located in Ruston, LA. The organization was established in 1975. 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 06/2022, Ruston-Lincoln Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruston-Lincoln 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 06/2022, Ruston-Lincoln Chamber Of Commerce generated $148.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $139.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH ACTIVITIES WHICH SUPPORT AND PROMOTE THE GENERAL BUSINESS COMMUNITY IN LINCOLN PARISH, LOUISIANA
Describe the Organization's Program Activity:
Part 3
LEADERSHIP LINCOLN IS A CHAMBER PROGRAM TO HELP EDUCATE LOCAL BUSINESS AND INDUSTRY LEADERS (AND FUTURE LEADERS) IN THE HISTORY OF LINCOLN PARISH AS WELL AS THE ECONOMIC MAKEUP OF THE AREA. EACH YEAR UP TO 18 INDIVIDUALS PARTICIPATE.
CHRISTMAS FESTIVAL IS A CHAMBER PROGRAM THAT DRAWS AROUND 1,000 PEOPLE FROM LOCAL AND SURROUNDING COMMUNITIES. THIS IS A FUND-RAISER FOR THE CHAMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Graham Chairman | 1 | $0 | |
Ryan Madden Officer | 1 | $0 | |
Eric Mcculloch Vice President | 1 | $0 | |
Callie Grubb Vice President | 1 | $0 | |
George Lee IV Board Member | 1 | $0 | |
Mark Graham Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,460 |
| Total Program Service Revenue | $33,308 |
| Membership dues | $0 |
| Investment income | $111 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $9,785 |
| Total Revenue | $148,664 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $71,022 |
| Professional fees and other payments to independent contractors | $7,620 |
| Occupancy, rent, utilities, and maintenance | $16,690 |
| Printing, publications, postage, and shipping | $538 |
| Other expenses | $43,478 |
| Total expenses | $139,348 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,788 |
| Other assets | $0 |
| Total assets | $133,049 |
| Total liabilities | $8,126 |
| Net assets or fund balances | $124,923 |