Madison-Morgan County Chamber Of Commerce Inc

Organization Overview

Madison-Morgan County Chamber Of Commerce Inc is located in Madison, GA. The organization was established in 1986. 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 06/2021, Madison-Morgan County Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison-Morgan County Chamber Of Commerce Inc 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 06/2021, Madison-Morgan County Chamber Of Commerce Inc generated $165.3k 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 (4.1%) each year. All expenses for the organization totaled $181.8k during the year ending 06/2021. 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

TO PROMOTE TOTAL ECONOMIC DEVELOPMENT OF THE MADISON-MORGAN COUNTY TRADE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENT - PROMOTE AND ENHANCE THE ECONOMIC VITALITY OF THE COMMUNITY THROUGH THE RETENTION AND/OR EXPANSION OF EXISTING BUSINESS AND THE ATTRACTION OF APPROPRIATE NEW BUSINESS.


EDUCATION/COMMUNITY DEVELOPMENT - WORK WITH THE BUSINESS COMMUNITY TO CONTRIBUTE TO THE ACHIEVEMENT OF THE MISSION OF THE MORGAN COUNTY SCHOOL SYSTEM.


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Board, Officers & Key Employees

Name (title)Compensation
Alan Ludlow
Treasurer
$0
Bob Bell
Chair Elect
$0
Leslie Clark Jones
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$49,036
Fundraising events$0
Related organizations$0
Government grants $96,323
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$145,359
Total Program Service Revenue$19,850
Investment income $102
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 $165,311

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