Bristol Chamber Foundation is located in Bristol, TN. The organization was established in 1984. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. Bristol 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, Bristol Chamber Foundation generated $215.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $253.7k during the year ending 12/2021. 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 ORGANIZATION WAS FORMED TO SUPPORT THE BRISTOL CHAMBER OF COMMERCE AND TO UNITE AREA BUSINESSES, PROFESSIONALS AND CIVIC LEADERS AND TO COMBINE THEIR TALENTS TO BUILD A BETTER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEEP BRISTOL BEAUTIFUL - THE ORGANIZATION HAS HAD A SIGNIFICANT IMPACT ON LITTER CONTROL AND BEAUTIFICATION IN THE CITY OF BRISTOL.
BRISTOL LEADERSHIP EDUCATION WORKFORCE - THE ORGANIZATION HAS ACHIEVED THE SUCCESSFUL CONDUCT OF MAJOR PROGRAMS DESIGNED TO FOSTER COMMUNITY GOODWILL AND TO TRAIN POTENTIAL LEADERS TO UNDERTAKE COMMUNITY SERVICE
SCHOLARSHIP EXCEEDING EXPECTATIONS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Beth Rhinehart President CEO | Officer | 2.5 | $0 |
Andy Hall Director | Trustee | 1 | $0 |
Jody Dutcher Past Chair/treasurer | Trustee | 1 | $0 |
April Eads Director | Trustee | 1 | $0 |
Brad Adams Director | Trustee | 1 | $0 |
Jerry Kirk Chair Elect/treasurer | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $4,735 |
Fundraising events | $0 |
Related organizations | $97,128 |
Government grants | $11,500 |
All other contributions, gifts, grants, and similar amounts not included above | $4,600 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $117,963 |
Total Program Service Revenue | $58,190 |
Investment income | $332 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $36,773 |
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 | $215,058 |
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 | $92,127 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $23,611 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,180 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $16,539 |
Royalties | $0 |
Occupancy | $15,383 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $24,053 |
Insurance | $471 |
All other expenses | $35,809 |
Total functional expenses | $253,691 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $143,120 |
Savings and temporary cash investments | $6,729 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,635 |
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 | $0 |
Net Land, buildings, and equipment | $364,861 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,000 |
Total assets | $528,345 |
Accounts payable and accrued expenses | $837 |
Grants payable | $0 |
Deferred revenue | $2,500 |
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 | $0 |
Total liabilities | $3,337 |
Net assets without donor restrictions | $524,550 |
Net assets with donor restrictions | $458 |
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 | $528,345 |
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