Altavista Chamber Of Commerce Inc
- Assets
- $76.5k
- Revenue
- $72.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Altavista, VA
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 23-7316268
Organization Overview
Altavista Chamber Of Commerce Inc is located in Altavista, VA. The organization was established in 2009. 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. Altavista Chamber Of Commerce Inc 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, Altavista Chamber Of Commerce Inc generated $72.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $84.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE INTERESTS OF THE ALTAVISTA AREA BUSINESS COMMUNITY IN MATTERS THAT IMPACT THEIR ABILITY TO PROSPER WHILE SHOWCASING THE AREA AS A DESIRABLE PLACE TO LIVE, WORK AND VISIST THROUGH INCREASED BUSINESS EXPOSURE, NETWORKING OPPORTUNITIES, ADVOCACY & BUSINESS TRAINING, AND MEMBER EXCLUSIVE DISCOUNTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE ALTAVISTA AREA THROUGH PROMOTIONAL PROGRAMS, GENERAL INFORMATION DISSEMINATION, AND PROMOTIONAL EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Mattox President | Officer | 40 | $36,479 |
Romonda Davis Chairman | OfficerTrustee | 1 | $0 |
Susan Hammack Past Chair | OfficerTrustee | 1 | $0 |
Coby Worsham Secretary | OfficerTrustee | 1 | $0 |
Brent Ashwell Director | Trustee | 1 | $0 |
Casey Birdsall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| 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 | $30,000 |
| Total Program Service Revenue | $43,030 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,111 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,964 |
| 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. | $36,479 |
| Compensation of current officers, directors, key employees. | $18,969 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,830 |
| Fees for services: Management | $12,529 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,014 |
| Travel | $30 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286 |
| Insurance | $1,707 |
| All other expenses | $455 |
| Total functional expenses | $84,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,426 |
| 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 | $659 |
| Net Land, buildings, and equipment | $407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,492 |
| Accounts payable and accrued expenses | $4,881 |
| 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 | $10,447 |
| Other liabilities | $50 |
| Total liabilities | $15,378 |
| Net assets without donor restrictions | $61,114 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $76,492 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Altavista Chamber Of Commerce Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
English Foundation-Trust Altavista, VA PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Iron And Steel Institute Washington, DC | $8,995,281 | $11,889,127 |
Helicopter Association International Inc Alexandria, VA | $38,045,658 | $4,215,283 |
Association Of American Publishers Inc Washington, DC | $3,482,089 | $6,511,300 |
American Resorts & Residential Dev Washington, DC | $15,913,625 | $10,097,639 |
Touchstone Energy Cooperative Inc Arlington, VA | $11,702,200 | $9,798,586 |
International Zinc Association Durham, NC | $9,583,285 | $9,824,037 |
Financial Services Institute Inc Washington, DC | $15,307,729 | $9,484,774 |
Association For Unmanned Vehicle Systems International Arlington, VA | $11,175,966 | $8,710,398 |
American Urologigal Association Inc Linthicum Heights, MD | $11,900,601 | $8,448,831 |
Reinsurance Association Of America Washington, DC | $8,490,929 | $8,536,934 |
Intermodal Association Of North America Inc Calverton, MD | $29,793,038 | $11,206,056 |
340b Health Washington, DC | $25,548,585 | $9,750,586 |