Mount Olive Area Chamber Of Commerce
- Assets
- $53.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Olive, NC
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 56-0564586
Organization Overview
Mount Olive Area Chamber Of Commerce is located in Mount Olive, NC. The organization was established in 1984. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olive Area 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 12/2022, Mount Olive Area Chamber Of Commerce generated $73.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $73.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3
CHAMBER OF COMMERCE / PROMOTE BUSINESS IN TOWN OF MOUNT OLIVE, PROGRAMS AT SCHOOL FOR AT-RISK CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie R Beck Secretary | 40 | $43,493 | |
Will Johnson Treasurer | 1 | $0 | |
Ryan Roberts Director | 1 | $0 | |
Kelley Thwaite Chair | 1 | $0 | |
Lauren Branch Director | 1 | $0 | |
Carrie Shields Chair Elect | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $36,732 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,292 |
| Other Revenue | $26,065 |
| Total Revenue | $73,091 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $47,123 |
| Professional fees and other payments to independent contractors | $3,910 |
| Occupancy, rent, utilities, and maintenance | $2,814 |
| Printing, publications, postage, and shipping | $1,998 |
| Other expenses | $18,022 |
| Total expenses | $73,867 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,915 |
| Other assets | $0 |
| Total assets | $53,827 |
| Total liabilities | $37,401 |
| Net assets or fund balances | $16,426 |