Hopewell Prince George Chamber Of Commerce
- Assets
- $353.4k
- Revenue
- $293.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Hopewell, VA
- Founding
- Data as of
- 12/2021
- EIN
- 54-0251652
Organization Overview
Hopewell Prince George Chamber Of Commerce is located in Hopewell, VA. As of 12/2021, Hopewell Prince George Chamber Of Commerce employed 4 individuals. Hopewell Prince George 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 12/2021, Hopewell Prince George Chamber Of Commerce generated $293.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $169.7k during the year ending 12/2021. 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
THE HOPEWELL-PRINCE GEORGE CHAMBER OF COMMERCE EXISTS TO CREATE CONNECTIONS AND PROVIDE SOLUTIONS TO ENCOURAGE BUSINESS GROWTH IN OUR REGION. THE CHAMBER ENSURES THE VITALITY OF OUR COMMUNITY THROUGH OUR DYNAMIC MEMBER NETWORK, OFFERING BREADTH OF KNOWLEDGE AND DEPTH OF EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER BENEFITS INCLUDE BUSINESS HELP DESK, CORPORATE SOCIAL RESPONSIBILITY, PRO-BUSINESS ADVOCACY, MEMBER GATHERINGS, AND MARKETING AND PROMOTION. THE CHAMBER ALSO MANAGES THE REGIONAL TOURISM PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Mcdonough CEO | OfficerTrustee | 40 | $77,500 |
Lacie Leming President | OfficerTrustee | 0.5 | $0 |
Dana Newcomer Secretary | OfficerTrustee | 0.5 | $0 |
Colin Romanick Vice President | OfficerTrustee | 0.5 | $0 |
Robin Moore Treasurer | OfficerTrustee | 0.5 | $0 |
Denny Mcdermott Past President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,700 |
| Total Program Service Revenue | $248,476 |
| Investment income | $435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,975 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,586 |
| 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. | $77,500 |
| Compensation of current officers, directors, key employees. | $3,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,444 |
| Office expenses | $4,822 |
| Information technology | $7,621 |
| Royalties | $0 |
| Occupancy | $9,036 |
| 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 | $8,148 |
| Insurance | $2,197 |
| All other expenses | -$46,770 |
| Total functional expenses | $169,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,767 |
| 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 | $53,926 |
| Net Land, buildings, and equipment | $116,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $353,366 |
| Accounts payable and accrued expenses | $2,018 |
| Grants payable | $0 |
| Deferred revenue | $22,560 |
| 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 | $3,145 |
| Total liabilities | $27,723 |
| Net assets without donor restrictions | $325,643 |
| 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 | $353,366 |
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