Cleveland County Chamber Inc
- Assets
- $111.3k
- Revenue
- $123.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Shelby, NC
- Founding
- 03/1949
- Data as of
- 12/2022
- EIN
- 56-0394755
Organization Overview
Cleveland County Chamber Inc is located in Shelby, NC. The organization was established in 1949. 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, Cleveland County Chamber Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland County Chamber 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, Cleveland County Chamber Inc generated $123.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $211.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 8 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
OUR MISSION IS TO STRENGTHEN CLEVELAND COUNTY BUSINESSES, PROMOTE ECONOMIC DEVELOPMENT AND ENHANCE COMMUNITY VITALITY. WE STRIVE TO MAKE CLEVELAND COUNTY AN ECONOMIC LEADER IN WESTERN NORTH CAROLINA AND TO ENHANCE OUR MEMBERS SUCCESS THROUGH ADVOCACY, MEMBER BENEFITS, AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS, WORKSHOPS AND LEADERSHIP PROGRAMS PROMOTE GROWTH, BUSINESS OPPORTUNITIES AND INTERACTION BETWEEN CHAMBER MEMBERS AND THE BUSINESS COMMUNITY. BUSINESS AFTER HOURS ALLOWS CHAMBER MEMBERS TO NETWORK WITH OTHER MEMBERS. ANNUAL BANQUET AND CONGRESSIONAL LUNCHES AND PLANNING CONFERENCES ALLOW MEMBERS TO INTERACT WITH LOCAL GOVERNMENT REPRESENTATIVES, OTHER CHAMBER MEMBERS AND BUSINESS LEADERS TO DISCUSS THE FUTURE OF CLEVELAND COUNTY. PROMOTION OF CLEVELAND COUNTY BUSINESSES THROUGH THE OPERATION OF A LOCAL CHAMBER OF COMMERCE. MONTHLY NEWSLETTERS, MEETINGS, SEMINARS AND PRESENTATIONS ARE PRODUCED TO FURTHER THE DEVELOPMENT OF BUSINESS IN CLEVELAND COUNTY.
PROMOTION OF CLEVELAND COUNTY BUSINESSES, RECRUITMENT OF NEW BUSINESSES AND MARKETING THE COUNTY FOR NEW DEVELOPMENT IS THE PRIMARY PURPOSE OF THE ECONOMIC DEVELOPMENT PROGRAM OF THE CLEVELAND COUNTY CHAMBER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Cribb Executive Di | Officer | 40 | $76,125 |
Joshua Barron Board Member | Trustee | $0 | |
Tim Blackwell Treasurer | Trustee | $0 | |
Craig Debrew Board Member | Trustee | $0 | |
Michael Harden Board Member | Trustee | $0 | |
Iris Hubbard Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $115,414 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $115,414 |
| Total Program Service Revenue | $7,889 |
| Investment income | $273 |
| 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 | $123,576 |
| 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 | $122,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,618 |
| Advertising and promotion | $3,280 |
| Office expenses | $14,745 |
| Information technology | $11,272 |
| Royalties | $0 |
| Occupancy | $5,509 |
| Travel | $210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,055 |
| Interest | $2,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,450 |
| All other expenses | $0 |
| Total functional expenses | $211,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,259 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,447 |
| 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 | $3,155 |
| Net Land, buildings, and equipment | $20,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $111,296 |
| Accounts payable and accrued expenses | $7,476 |
| Grants payable | $0 |
| Deferred revenue | $17,922 |
| 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 | $86,041 |
| Other liabilities | $15,126 |
| Total liabilities | $126,565 |
| Net assets without donor restrictions | -$15,269 |
| 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 | $111,296 |