Roanoke Valley Chamber Of Commerce Inc
- Assets
- $111.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Roanoke Rapids, NC
- Founding
- 12/1952
- Data as of
- 12/2021
- EIN
- 56-0523050
Organization Overview
Roanoke Valley Chamber Of Commerce Inc is located in Roanoke Rapids, NC. The organization was established in 1952. 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 12/2021, Roanoke Valley Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roanoke Valley 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 12/2021, Roanoke Valley Chamber Of Commerce Inc generated $108.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $155.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE BUSINESS, INDUSTRIAL, AND ECONOMIC DEVELOPMENT OF THE ROANOKE VALLEY.
Describe the Organization's Program Activity:
Part 3
VARIOUS SMALL PROGRAMS DESIGNED TO PROMOTE ECONOMIC DEVELOPMENT IN THE ROANOKE VALLEY.
GOLF TOURNAMENT: AN ANNUAL EVENT ENCOURAGING NETWORKING AND STRENGTHENING RELATIONS BETWEEN BUSINESS PERSONNEL AND COMMUNITY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gann Director | 3 | $0 | |
Crystal Lyons Director | 3 | $0 | |
Betty Harris Director | 3 | $0 | |
Kelly Barber Director | 3 | $0 | |
Donna Hammack Treasurer | 3 | $0 | |
Gail Walker Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,600 |
| Total Program Service Revenue | $52,707 |
| Membership dues | $50,737 |
| Investment income | $87 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $194 |
| Total Revenue | $108,325 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $90,579 |
| Professional fees and other payments to independent contractors | $8,947 |
| Occupancy, rent, utilities, and maintenance | $13,793 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,839 |
| Total expenses | $155,158 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,797 |
| Other assets | $0 |
| Total assets | $111,312 |
| Total liabilities | $902 |
| Net assets or fund balances | $110,410 |
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|---|---|---|
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