Asheville Area Chamber Of Commerce Inc

Organization Overview

Asheville Area Chamber Of Commerce Inc is located in Asheville, NC. The organization was established in 1976. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Asheville Area Chamber Of Commerce Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville Area 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 06/2021, Asheville Area Chamber Of Commerce Inc generated $3.6m 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 (5.0%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCE COMMERCIAL, INDUSTRIAL AND CIVIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ASHEVILLE AREA CHAMBER OF COMMERCE IS FOCUSED ON BUILDING COMMUNITY THROUGH BUSINESS. PROGRAMS AND INITIATIVES ARE AIMED AT GROWING JOBS, SERVING AS A VOICE FOR BUSINESS AND FOSTERING THE PROSPERITY OF OUR MEMBER BUSINESSES. BELOW IS A LIST OF SIGNIFICANT ACCOMPLISHMENTS FOR THE 2021 FISCAL YEAR.CONTINUED ON SCH O.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$942,342
Fundraising events$0
Related organizations$448,762
Government grants $460,000
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$1,851,104
Total Program Service Revenue$1,111,230
Investment income $4,067
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $46,647
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $62,314
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $114,689
Miscellaneous Revenue$0
Total Revenue $3,576,492

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Asheville Area Chamber Of Commerce Inc has recieved totaling $25,200.

Awarding OrganizationAmount
Fletcher Hospital Inc

Hendersonville, NC

PURPOSE: GENERAL SUPPORT

$22,200
The Hedrick Family Foundation Inc

Salisbury, NC

PURPOSE: CHARITABLE USE

$3,000
View Grant Recipient Profile

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