Chapel Hill Carboro Chamber Of Commerce
- Assets
- $626.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Chapel Hill, NC
- Founding
- 08/1979
- Data as of
- 12/2022
- EIN
- 56-0798467
Organization Overview
Chapel Hill Carboro Chamber Of Commerce is located in Chapel Hill, NC. The organization was established in 1979. 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, Chapel Hill Carboro Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapel Hill Carboro 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, Chapel Hill Carboro Chamber Of Commerce generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
WE SERVE AND ADVANCE LOCAL BUSINESS INTERESTS AND BUILD A RESILIENT COMMUNITY WHERE BUSINESS THRIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER HAD THE FOLLOWING PROGRAM ACCOMPLISHMENTS IN 2022: CLIENTS SERVED: 730 BUSINESSES AND NONPROFIT MEMBERS, AND A NETWORK OF 2700 BUSINESS AND COMMUNITY LEADERS, 1000+ RELOCATORS, AND 1000+ VISITORS.SUCCESSFULLY SUPPORTED MEMBER AND NON-MEMBER BUSINESSES PANDEMIC RECOVERY WITH THE INFORMATION AND RESOURCES THEY NEED TO NAVIGATE THROUGH ECONOMIC CRISIS AND EMERGE SUCCESSFUL ON THE OTHER SIDE.ORGANIZED AND MANAGED MORE THAN HUNDREDS OF VIRTUAL AND IN PERSON MEETINGS AND EVENTS TO KEEP MEMBERS BRIEFED AND CONNECTED AS THEY EMERGED FROM THE PANDEMIC.SUCCESSFULLY ADVOCATED FOR BUSINESSES TO GOVERNMENT AND POLICY MAKERS.ADMINISTERED IN SMALL BUSINESS GRANTS AND PROVIDED TECHNICAL ASSISTANCE AND SUPPORT TO LOCAL ENTERPRISES.STRENGTHENED CHAMBER EXPORT SERVICES AND HELPED REGIONAL EXPORTERS SHIP HUNDREDS OF PRODUCTS THROUGH CHAMBEREXPORT.COM.PARTNERED TO SERVE MORE THAN 500 CHAMBER MEMBER EMPLOYEES IN THE SMALL BUSINESS HEALTH PLAN PROVIDING HIGH-QUALITY, LOW-COST HEALTH AND DENTAL SERVICES.ACHIEVED 90% MEMBER SATISFACTION AND MEMBER RETENTION RATE.SUCCESSFULLY SUPPORTED SMALL BUSINESS JOB GROWTH, EXPANSION, DEVELOPMENT, AND SUCCESS.SUCCESSFULLY ADVOCATED FOR IMPROVEMENTS TO THE LOCAL GOVERNMENT DEVELOPMENT AND BUSINESS REGULATIONS.PARTNERED WITH LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS TO RECRUIT NEW EMPLOYERS TO THE REGION.SAVED MEMBERS THOUSANDS OF DOLLARS THROUGH 8 STRATEGIC PARTNERSHIPS AND 20 MEMBER TO MEMBER BENEFITS.RECOGNIZED BEST-IN-CLASS BUSINESSES AT THE 8TH ANNUAL BUSINESS EXCELLENCE AWARDS (BEAS).CREATED AND DELIVERED EXCEPTIONAL REMOTE AND VIRTUAL PROGRAMMING.PROVIDED HUNDREDS OF ONLINE REFERRALS TO MEMBER BUSINESSES.WELCOMED 95 NEW MEMBERS TO THE CHAMBER.CREATED THE PUBLIC POLICY FORUM FOR A QUARTERLY BRIEFING ON THE CRITICAL ISSUES FACING OUR COMMUNITY.DELIVERED MONTHLY, MEMBER GOVERNMENT BRIEFINGS ON KEY GOVERNMENT ISSUES AND CHANGES AFFECTING THEIR BUSINESSES.ORGANIZED INDUSTRY PROFESSIONAL CALLS FOR REAL ESTATE, NON-PROFITS, FINANCE PROFESSIONAL, RETAILERS, RESTAURATEURS, AND HOTELIERS.PARTNERED TO PRODUCE A VISITOR AND RELOCATION MAGAZINE AND COMMUNITY MAP TO CONNECT BUSINESS WITH THEIR CUSTOMERS.ORGANIZED INTERCITY VISIT AND LEADERSHIP CONFERENCE TO ASHEVILLE NC.
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 |
|---|---|---|---|
Aaron Nelson Nv President/ceo & Secretary | Officer | 40 | $223,862 |
Manish Atma Director | Trustee | 1 | $0 |
Jes Averhart Director | Trustee | 1 | $0 |
Creighton Blackwell Director | Trustee | 2 | $0 |
La-Tasha Best Gaddy Director | Trustee | 1 | $0 |
Tim Dalton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,325 |
| Total Program Service Revenue | $913,026 |
| Investment income | $3,779 |
| 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 | $1,019,842 |
| 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. | $258,773 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $449,680 |
| Pension plan accruals and contributions | $15,141 |
| Other employee benefits | $48,360 |
| Payroll taxes | $45,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,283 |
| Advertising and promotion | $0 |
| Office expenses | $21,825 |
| Information technology | $5,470 |
| Royalties | $0 |
| Occupancy | $25,495 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,889 |
| Interest | $10,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,689 |
| Insurance | $10,198 |
| All other expenses | $21,904 |
| Total functional expenses | $1,170,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,935 |
| Savings and temporary cash investments | $31,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $497 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $231,141 |
| Investments—publicly traded securities | $156,800 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,160 |
| Total assets | $626,702 |
| Accounts payable and accrued expenses | $21,530 |
| Grants payable | $0 |
| Deferred revenue | $100,766 |
| 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 | $234,466 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $171,250 |
| Total liabilities | $528,012 |
| Net assets without donor restrictions | $0 |
| 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 | $98,690 |
| Total liabilities and net assets/fund balances | $626,702 |