Hope Mills Area Chamber Of Commerce
- Assets
- $6.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hope Mills, NC
- Founding
- 10/1990
- Data as of
- 04/2020
- EIN
- 56-1643495
Organization Overview
Hope Mills Area Chamber Of Commerce is located in Hope Mills, NC. The organization was established in 1990. 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. Hope Mills 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 04/2020, Hope Mills Area Chamber Of Commerce generated $21.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $28.8k during the year ending 04/2020. As we would expect to see with falling revenues, expenses have declined by (6.4%) 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
2020
Describe the Organization's Program Activity:
Part 3
THE CHAMBER PRIMARILY PROMOTES THE BUSINESS COMMUNITY IN THE AREA OF HOPE MILLS NORTH CAROLINA BY PROVIDING FREE INFORMATION ABOUT LOCAL BUSINESSES TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clint Narramore Board Member | 5 | $0 | |
Jan Spell President | 12 | $0 | |
Peggy Manning Secretary | 7 | $0 | |
Teresa Blackwell Vice President | 7 | $0 | |
Elizabeth Harris Treasurer | 7 | $0 | |
Shawnelle Jones Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $16,156 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,353 |
| Other Revenue | $0 |
| Total Revenue | $21,509 |
| Statement of Expenses | |
|---|---|
| Total expenses | $28,789 |
| Balance Sheet | |
|---|---|
| Total assets | $6,234 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,234 |