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.
Form
990EZ
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ted Hall Director | Trustee | 40 | $69,000 |
Teresa Rankin Asst Director | Officer | 40 | $46,000 |
Andrea Schrfit Admin | Officer | 40 | $31,313 |
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 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $12,968 |
Salaries, other compensation, and employee benefits | $113,057 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $6,300 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $44,107 |
Total expenses | $176,432 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $58,984 |
Other assets | $0 |
Total assets | $64,584 |
Total liabilities | $4,639 |
Net assets or fund balances | $59,945 |
Over the last fiscal year, we have identified 2 grants that Montcross Area Chamber Of Commerce has recieved totaling $26,000.
Awarding Organization | Amount |
---|---|
Gaston Memorial Hospital Inc Gastonia, NC PURPOSE: COMMUNITY ASSISTANCE | $13,000 |
Gaston Memorial Hospital Inc Gastonia, NC PURPOSE: COMMUNITY ASSISTANCE | $13,000 |
Organization Name | Assets | Revenue |
---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Air-Conditioning Heating And Refrigeration Institute Arlington, VA | $58,066,234 | $32,390,159 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |