West Virginia Chamber Of Commerce
- Assets
- $1.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Charleston, WV
- Founding
- 06/1937
- Data as of
- 10/2020
- EIN
- 55-0306990
Organization Overview
West Virginia Chamber Of Commerce is located in Charleston, WV. The organization was established in 1937. 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 10/2020, West Virginia Chamber Of Commerce employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia 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 10/2020, West Virginia Chamber Of Commerce generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $1.9m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE WEST VIRGINIA BUSINESSES AND INDUSTRIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE WEST VIRGINIA BUSINESSES AND INDUSTRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen G Roberts President-Ceo | Officer | 40 | $261,980 |
Pamela Farris Employee | 40 | $108,000 | |
Kathy Thomas Vice President/coo | Officer | 40 | $106,949 |
Anna Dailey Secretary | OfficerTrustee | 1 | $0 |
Steven Robey Chairman | OfficerTrustee | 1 | $0 |
Maribeth Anderson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,000 |
| Investment income | $1,784 |
| 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 | $1,826,324 |
| Statement of Expenses | |
|---|---|
| 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. | $482,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,018 |
| Pension plan accruals and contributions | $47,220 |
| Other employee benefits | $31,259 |
| Payroll taxes | $66,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,486 |
| Fees for services: Accounting | $18,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,347 |
| Office expenses | $42,798 |
| Information technology | $30,470 |
| Royalties | $0 |
| Occupancy | $22,126 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $217,095 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,078 |
| Insurance | $6,570 |
| All other expenses | $0 |
| Total functional expenses | $1,904,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,860 |
| Savings and temporary cash investments | $131,038 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,879 |
| 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 | $5,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,019,612 |
| Accounts payable and accrued expenses | $88,652 |
| 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 | $7,468 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $96,120 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $923,492 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that West Virginia Chamber Of Commerce has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
West Virginia United Health System Inc Morgantown, WV PURPOSE: Support | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |
Pharmaceutical Industry Labor Management Association Alexandria, VA | $483,613 | $14,704,562 |
Mechanical Contractors Association Of America Inc Rockville, MD | $31,715,254 | $22,083,810 |
Association For The Advancement Of Medical Instrumentation Inc Arlington, VA | $25,944,802 | $16,187,252 |