Lumberton Chamber Of Commerce And Agriculture Inc is located in Lumberton, NC. The organization was established in 1969. 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 01/2022, Lumberton Chamber Of Commerce And Agriculture Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lumberton Chamber Of Commerce And Agriculture 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 01/2022, Lumberton Chamber Of Commerce And Agriculture Inc generated $222.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $190.6k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROMOTE THE COMMERCIAL, PROFESSIONAL, FINANCIAL, AND GENERAL BUSINESS INTERESTS OF THE LUMBERTON, NC AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND PROMOTE THE PROFESSIONAL, FINANCIAL, AND GENERAL BUSINESS INTERESTS OF THE LUMBERTON, NC AREA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cindy Kern Executive Director | Officer | 40 | $60,915 |
John Franklin Chairman | Trustee | 4 | $0 |
Debbie Branyon Vice-Chair | Trustee | 2 | $0 |
Maureen Metzer Past Chair | Trustee | 2 | $0 |
Tamara Kemp Treasurer | Trustee | 2 | $0 |
John Hendren Exec Committee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $126,115 |
Fundraising events | $70,175 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $25,738 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $222,028 |
Total Program Service Revenue | $0 |
Investment income | $11 |
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 | $222,039 |
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. | $80,385 |
Compensation of current officers, directors, key employees. | $16,077 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,114 |
Pension plan accruals and contributions | $17,132 |
Other employee benefits | $0 |
Payroll taxes | $10,237 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,283 |
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 | $7,382 |
Information technology | $3,351 |
Royalties | $0 |
Occupancy | $9,419 |
Travel | $3,209 |
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 | $1,142 |
Insurance | $4,569 |
All other expenses | $3,942 |
Total functional expenses | $190,556 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $130,080 |
Savings and temporary cash investments | $16,696 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $41,899 |
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 | $401 |
Net Land, buildings, and equipment | $12,524 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $111,656 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $313,256 |
Accounts payable and accrued expenses | $19,790 |
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 | $19,292 |
Other liabilities | $49,000 |
Total liabilities | $88,082 |
Net assets without donor restrictions | $225,174 |
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 | $313,256 |
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