Kingsport Chamber Foundation

Organization Overview

Kingsport Chamber Foundation is located in Kingsport, TN. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Kingsport Chamber Foundation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsport Chamber Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Kingsport Chamber Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION WAS ESTABLISHED FOR COMMUNITY SERVICE AND PROMOTION. IT PROVIDES FACILITIES FOR KINGSPORT CHAMBER OF COMMERCE ACTIVITIES PROVIDES TRAINING TO FUTURE COMMUNITY LEADERS HELPS UNITE LOCAL GOVERNMENT, BUSINE

Describe the Organization's Program Activity:

Part 3 - Line 4a

DOWNTOWN CONCERT SERIES - PROVIDES QUALITY OF LIFE SERVICES AND PROMOTES ECONOMIC DEVELOPMENT IN THE DOWNTOWN AREA THROUGH THE DOWNTOWN CONCERT SERIES


KOSBE - ACTIVELY ASSISTS IN THE ESTABLISHMENT OF NEW SMALL BUSINESS AND GROWTH AND DEVELOPMENT OF EXISTING SMALL BUSINESSES


MOVE TO KINGSPORT - ASSISTS IN RESIDENTIAL RECRUITMENT


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,644,356
All other contributions, gifts, grants, and similar amounts not included above$556,241
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,200,597
Total Program Service Revenue$507,582
Investment income $1,030
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $105,064
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $62,569
Miscellaneous Revenue$0
Total Revenue $3,100,943

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Kingsport Chamber Foundation has recieved totaling $56,847.

Awarding OrganizationAmount
Eastman Credit Union

Kingsport, TN

PURPOSE: EVENT SPONSORSHIP AND GENERAL ASSISTANCE

$26,000
Eastman Foundation

Kingsport, TN

PURPOSE: COVID-19 RELIEF

$25,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$5,800
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$47
View Grant Recipient Profile

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