Lagrange-Troup County Chamber Of Commerce
- Assets
- $797.8k
- Revenue
- $641.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Lagrange, GA
- Founding
- 02/1952
- Data as of
- 12/2021
- EIN
- 58-0318810
Organization Overview
Lagrange-Troup County Chamber Of Commerce is located in Lagrange, GA. The organization was established in 1952. 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, Lagrange-Troup County Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange-Troup County 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, Lagrange-Troup County Chamber Of Commerce generated $641.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $470.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LAGRANGE-TROUP COUNTY CHAMBER OF COMMERCE IS TO ADVANCE THE ECONOMIC, CIVIC, EDUCATIONAL, TOURISM, AND CULTURAL GROWTH OF TROUP COUNTY; TO ENHANCE THE QUALITY OF LIFE IN THE COMMUNITY; ADDRESS SOCIAL ISSUES; AND TO FOSTER CONTINUOUS IMPROVEMENTS OF TROUP COUNTY AS A PLACE IN WHICH TO LIVE, LEARN, AND CONDUCT BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE CIVIC, ECONOMIC, EDUCATIONAL AND CULTURAL GROWTH OF TROUP COUNTY, GEORGIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Hensler Executive Di | OfficerTrustee | 40 | $77,723 |
George Bailey Past Chair | OfficerTrustee | 1 | $0 |
Dale Jackson Chairman | OfficerTrustee | 1 | $0 |
Jamey Jackson Chair Elect | OfficerTrustee | 1 | $0 |
John Westmoreland Treasurer | OfficerTrustee | 1 | $0 |
Kesha Coniglio 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $527,593 |
| Investment income | $193 |
| 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 | $641,499 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,479 |
| Pension plan accruals and contributions | $2,295 |
| Other employee benefits | $5,902 |
| Payroll taxes | $14,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,876 |
| Office expenses | $21,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,769 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,793 |
| Interest | $2,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,203 |
| Insurance | $9,048 |
| All other expenses | $66,077 |
| Total functional expenses | $470,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,751 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,325 |
| Accounts receivable, net | $46,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,759 |
| Net Land, buildings, and equipment | $335,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $797,766 |
| Accounts payable and accrued expenses | $679 |
| Grants payable | $0 |
| Deferred revenue | $266,953 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,420 |
| Total liabilities | $325,052 |
| Net assets without donor restrictions | $448,104 |
| Net assets with donor restrictions | $24,610 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $797,766 |
Grants Awarded
Over the last fiscal year, Lagrange-Troup County Chamber Of Commerce has awarded $216,050 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN LAGRANGE DEVELOPMENT AUTHO PURPOSE: SUPPORT AMPHITHEATRE | $137,500 |
DOWNTOWN LAGRANGE DEVELOPMENT AUTHO PURPOSE: ROAD SIGNAGE | $78,550 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lagrange-Troup County Chamber Of Commerce has recieved totaling $10,400.
| Awarding Organization | Amount |
|---|---|
West Georgia Medical Center Inc Marietta, GA PURPOSE: SPONSORSHIP | $10,400 |
Peer Organizations
| 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 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
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 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
Serc Reliability Corporation Charlotte, NC | $16,241,101 | $25,718,150 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |