Alpharetta Chamber Of Commerce Inc
- Assets
- $210.8k
- Revenue
- $418.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Alpharetta, GA
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 46-3730379
Organization Overview
Alpharetta Chamber Of Commerce Inc is located in Alpharetta, GA. The organization was established in 2016. 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 12/2022, Alpharetta Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpharetta 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 12/2022, Alpharetta Chamber Of Commerce Inc generated $418.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $354.0k during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE AND PROMOTE THE ECONOMIC ENVIRONMENT FOR BUSINESS, AND TO ADVOCATE RESPONSIVE GOVERNMENT AND QUALITY EDUCATION, WHILE PRESERVING ALPHARETTA'S UNIQUE COMMUNITY CHARACTERISTICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(1) ENCOURAGE BUSINESS AND COMMUNITY PROSPERITY BY PROMOTING ECONOMIC PROGRAMS DESIGNED TO STRENGTHEN AND ENHANCE THE FINANCIAL OPPORTUNITIES FOR ALL BUSINESS WITHIN ALPHARETTA; (2) SERVE AS AN EFFECTIVE NON-PARTISAN, NON-SECTARIAN VOICE FOR BUSINESS ON LEGISLATIVE, BUSINESS, SOCIAL, GOVERNMENTAL, AND COMMUNITY ISSUES AFFECTING ALPHARETTA; (3) IDENTIFY AND OVERCOME OBSTACLES THAT ARE DETRIMENTAL TO THE BUSINESS CLIMATE AND COMMUNITY GROWTH; (4) SUPPORT CIVIC, SOCIAL, AND CULTURAL PROGRAMS DESIGNED TO INCREASE THE FUNCTIONAL AND AESTHETIC VALUES OF THE COMMUNITY; AND (5) PROMOTE LIFE LONG LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Lanham President & | OfficerTrustee | 5 | $72,400 |
Dr Ramin Ahmadoghlu Director | Trustee | 1 | $0 |
Roger Bauer Director | Trustee | 1 | $0 |
Dana Cox Secretary | OfficerTrustee | 1 | $0 |
Tracey Craft Director | Trustee | 1 | $0 |
Keith Daniel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,941 |
| Noncash contributions included in lines 1a–1f | $10,941 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,941 |
| Total Program Service Revenue | $347,688 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,629 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,222 |
| Advertising and promotion | $58,287 |
| Office expenses | $5,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,628 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $905 |
| Insurance | $1,212 |
| All other expenses | $15,889 |
| Total functional expenses | $354,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $22,800 |
| 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 | $2,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,284 |
| Total assets | $210,798 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $19,825 |
| 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 | $7,426 |
| Total liabilities | $27,251 |
| Net assets without donor restrictions | $183,547 |
| 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 | $210,798 |