Montcross Area Chamber Of Commerce

Organization Overview

Montcross Area Chamber Of Commerce is located in Belmont, NC. The organization was established in 1953. 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, Montcross Area Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montcross 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 12/2021, Montcross Area Chamber Of Commerce generated $196.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $176.4k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3

PROVIDED ASSISTANCE TO BUSINESSES RECOVERING FROMCOVID PANDEMIC AND CONDUCTED EVENTS IN COMMUNITY


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Board, Officers & Key Employees

Name (title)Compensation
Ted Hall
Director
$69,000
Teresa Rankin
Asst Director
$46,000
Andrea Schrfit
Admin
$31,313

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Membership dues$78,244
Investment income $11
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$118,518
Total Revenue$196,773

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Montcross Area Chamber Of Commerce has recieved totaling $26,000.

Awarding OrganizationAmount
Gaston Memorial Hospital Inc

Gastonia, NC

PURPOSE: COMMUNITY ASSISTANCE

$13,000
Gaston Memorial Hospital Inc

Gastonia, NC

PURPOSE: COMMUNITY ASSISTANCE

$13,000
View Grant Recipient Profile

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