Franklin County Chamber Of Commerce
- Assets
- $41.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, TX
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 75-1224075
Organization Overview
Franklin County Chamber Of Commerce is located in Mount Vernon, TX. The organization was established in 2000. 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. Franklin County 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 12/2022, Franklin County Chamber Of Commerce generated $43.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $37.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Lovier President | 0 | $0 | |
Theresa Brown Vice President | 0 | $0 | |
Kim Sanchez Treasurer | 0 | $0 | |
Bonnie Mcallister Sec-Mgr | 40 | $23,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,377 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,445 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,779 |
| Other Revenue | $0 |
| Total Revenue | $43,626 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,120 |
| Professional fees and other payments to independent contractors | $2,790 |
| Occupancy, rent, utilities, and maintenance | $8,897 |
| Printing, publications, postage, and shipping | $894 |
| Other expenses | $0 |
| Total expenses | $37,701 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,101 |
| Other assets | $0 |
| Total assets | $41,101 |
| Total liabilities | $3,388 |
| Net assets or fund balances | $37,713 |