Greater Clover Chamber Of Commerce
- Assets
- $92.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clover, SC
- Founding
- 12/1990
- Data as of
- 05/2024
- EIN
- 57-0298174
Organization Overview
Greater Clover Chamber Of Commerce is located in Clover, SC. 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. Greater Clover 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 05/2024, Greater Clover Chamber Of Commerce generated $41.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $67.4k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 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
2024
Describe the Organization's Program Activity:
Part 3
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Holmes President | 30 | $6,577 | |
Marshall Stine Secretary | 1 | $0 | |
John Lovsin Treasurer | 1 | $0 | |
Tina Farris Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $20,538 |
| Membership dues | $20,670 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $28 |
| Total Revenue | $41,278 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,295 |
| Salaries, other compensation, and employee benefits | $40,321 |
| Professional fees and other payments to independent contractors | $4,733 |
| Occupancy, rent, utilities, and maintenance | $5,928 |
| Printing, publications, postage, and shipping | $68 |
| Other expenses | $15,073 |
| Total expenses | $67,418 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,684 |
| Other assets | $0 |
| Total assets | $92,522 |
| Total liabilities | $1,439 |
| Net assets or fund balances | $91,083 |