Berea Chamber Of Commerce
- Assets
- $100.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Berea, KY
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 61-0902537
Organization Overview
Berea Chamber Of Commerce is located in Berea, KY. The organization was established in 1999. 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. Berea 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, Berea Chamber Of Commerce generated $129.4k 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 (5.1%) each year. All expenses for the organization totaled $116.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION EXISTS TO BENEFIT MEMBERS THROUGH EDUCATION, DEVELOPMENT AND OTHER SUPPORT OF THE ECONOMIC DEVELOPMENT OF THE GENERAL MEMBERSHIP'S COMMUNITY.
Describe the Organization's Program Activity:
Part 3
BEREA SPOONBREAD FESTIVAL IS THE BIIGEST EVENT IN THE YEAR. THIS IS A THREE DAY COMMUNITY WIDE EVENT, THAT INCLUDES CHILDREN AND ADULT ACTIVITIES, SHOWCASES BUSINESSES, ARTISTS AND OTHER VENDORS. IT IS A FUN ACTIVITY DESIGNED TO SUPPORT BUSINESS AND CUSTOMERS AND PROVIDE GENERAL ECONOMIC DEVELOPMENT ACTIVITIES IN THE COMMUNITY.
MEMBERSHIP MEETINGS, OFTEN SPONSORED BY A MEMBER ARE HELD TO ENCOURAGE KNOWLEDGE OF LOCAL BUSINESSES TO OTHERS. OFTEN A NEW MEMBER WILL ADDRESS THE MEMBERSHIP TO ADVISE EVERYONE OF HIS BUSINESS. OCCASIONALLY A GUEST SPEAKER OTHER THAN A LOCAL BUSINESS WILL SPEAK, TO UPDATE THE MEMBERSHIP ON LOCAL COMMUNITY EVENTS AND POTENTIAL CHANGES THAT MIGHT EFFECT THE MEMBERSHIP. THE MAYOR'S ANNUAL STATE OF THE CITY ADDRESS, OR AN OCCASIONAL CANDIDATE FORUM WHERE ALL CANDIDATES FOR LOCAL OFFICES ARE INVITED TO GIVE SHORT SPEECHES AND MINGLE ARE EXAMPLES OF THE SPEAKERS AT THESE MEETINGS.
A GOLF TOURAMENT HELD AT A LOCAL COURSE OPEN TO MEMBERS AND POTENTIAL MEMBERS ALIKE. THE TOURNAMENT PROVIDES FUN ATMOSPHERE FOR BUSINESS DISCUSSIONS AND THE OPPORTUNITY TO MEET AND GREET OTHERS, PROVIDE FRIENDLY COMPETITION AND FURTHER BUSINESS ADVANCEMENT.
BEREA SPOONBREAD FESTIVAL IS THE BIIGEST EVENT IN THE YEAR. THIS IS A THREE DAY COMMUNITY WIDE EVENT, THAT INCLUDES CHILDREN AND ADULT ACTIVITIES, SHOWCASES BUSINESSES, ARTISTS AND OTHER VENDORS. IT IS A FUN ACTIVITY DESIGNED TO SUPPORT BUSINESS AND CUSTOMERS AND PROVIDE GENERAL ECONOMIC DEVELOPMENT ACTIVITIES IN THE COMMUNITY.
MEMBERSHIP MEETINGS, OFTEN SPONSORED BY A MEMBER ARE HELD TO ENCOURAGE KNOWLEDGE OF LOCAL BUSINESSES TO OTHERS. OFTEN A NEW MEMBER WILL ADDRESS THE MEMBERSHIP TO ADVISE EVERYONE OF HIS BUSINESS. OCCASIONALLY A GUEST SPEAKER OTHER THAN A LOCAL BUSINESS WILL SPEAK, TO UPDATE THE MEMBERSHIP ON LOCAL COMMUNITY EVENTS AND POTENTIAL CHANGES THAT MIGHT EFFECT THE MEMBERSHIP. THE MAYOR'S ANNUAL STATE OF THE CITY ADDRESS, OR AN OCCASIONAL CANDIDATE FORUM WHERE ALL CANDIDATES FOR LOCAL OFFICES ARE INVITED TO GIVE SHORT SPEECHES AND MINGLE ARE EXAMPLES OF THE SPEAKERS AT THESE MEETINGS.
A GOLF TOURAMENT HELD AT A LOCAL COURSE OPEN TO MEMBERS AND POTENTIAL MEMBERS ALIKE. THE TOURNAMENT PROVIDES FUN ATMOSPHERE FOR BUSINESS DISCUSSIONS AND THE OPPORTUNITY TO MEET AND GREET OTHERS, PROVIDE FRIENDLY COMPETITION AND FURTHER BUSINESS ADVANCEMENT.
BEREA SPOONBREAD FESTIVAL IS THE BIIGEST EVENT IN THE YEAR. THIS IS A THREE DAY COMMUNITY WIDE EVENT, THAT INCLUDES CHILDREN AND ADULT ACTIVITIES, SHOWCASES BUSINESSES, ARTISTS AND OTHER VENDORS. IT IS A FUN ACTIVITY DESIGNED TO SUPPORT BUSINESS AND CUSTOMERS AND PROVIDE GENERAL ECONOMIC DEVELOPMENT ACTIVITIES IN THE COMMUNITY.
MEMBERSHIP MEETINGS, OFTEN SPONSORED BY A MEMBER ARE HELD TO ENCOURAGE KNOWLEDGE OF LOCAL BUSINESSES TO OTHERS. OFTEN A NEW MEMBER WILL ADDRESS THE MEMBERSHIP TO ADVISE EVERYONE OF HIS BUSINESS. OCCASIONALLY A GUEST SPEAKER OTHER THAN A LOCAL BUSINESS WILL SPEAK, TO UPDATE THE MEMBERSHIP ON LOCAL COMMUNITY EVENTS AND POTENTIAL CHANGES THAT MIGHT EFFECT THE MEMBERSHIP. THE MAYOR'S ANNUAL STATE OF THE CITY ADDRESS, OR AN OCCASIONAL CANDIDATE FORUM WHERE ALL CANDIDATES FOR LOCAL OFFICES ARE INVITED TO GIVE SHORT SPEECHES AND MINGLE ARE EXAMPLES OF THE SPEAKERS AT THESE MEETINGS.
A GOLF TOURAMENT HELD AT A LOCAL COURSE OPEN TO MEMBERS AND POTENTIAL MEMBERS ALIKE. THE TOURNAMENT PROVIDES FUN ATMOSPHERE FOR BUSINESS DISCUSSIONS AND THE OPPORTUNITY TO MEET AND GREET OTHERS, PROVIDE FRIENDLY COMPETITION AND FURTHER BUSINESS ADVANCEMENT.
BEREA SPOONBREAD FESTIVAL IS THE BIIGEST EVENT IN THE YEAR. THIS IS A THREE DAY COMMUNITY WIDE EVENT, THAT INCLUDES CHILDREN AND ADULT ACTIVITIES, SHOWCASES BUSINESSES, ARTISTS AND OTHER VENDORS. IT IS A FUN ACTIVITY DESIGNED TO SUPPORT BUSINESS AND CUSTOMERS AND PROVIDE GENERAL ECONOMIC DEVELOPMENT ACTIVITIES IN THE COMMUNITY.
MEMBERSHIP MEETINGS, OFTEN SPONSORED BY A MEMBER ARE HELD TO ENCOURAGE KNOWLEDGE OF LOCAL BUSINESSES TO OTHERS. OFTEN A NEW MEMBER WILL ADDRESS THE MEMBERSHIP TO ADVISE EVERYONE OF HIS BUSINESS. OCCASIONALLY A GUEST SPEAKER OTHER THAN A LOCAL BUSINESS WILL SPEAK, TO UPDATE THE MEMBERSHIP ON LOCAL COMMUNITY EVENTS AND POTENTIAL CHANGES THAT MIGHT EFFECT THE MEMBERSHIP. THE MAYOR'S ANNUAL STATE OF THE CITY ADDRESS, OR AN OCCASIONAL CANDIDATE FORUM WHERE ALL CANDIDATES FOR LOCAL OFFICES ARE INVITED TO GIVE SHORT SPEECHES AND MINGLE ARE EXAMPLES OF THE SPEAKERS AT THESE MEETINGS.
A GOLF TOURAMENT HELD AT A LOCAL COURSE OPEN TO MEMBERS AND POTENTIAL MEMBERS ALIKE. THE TOURNAMENT PROVIDES FUN ATMOSPHERE FOR BUSINESS DISCUSSIONS AND THE OPPORTUNITY TO MEET AND GREET OTHERS, PROVIDE FRIENDLY COMPETITION AND FURTHER BUSINESS ADVANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy Napier President | 2 | $0 | |
Sandra Rose Secretary | 2 | $0 | |
David Rowlette Executive Direc | 40 | $0 | |
Mike Parsons President Elect | 2 | $0 | |
Shelley Wolfe Vice President | 2 | $0 | |
Jennifer Napier Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $92,404 |
| Membership dues | $36,830 |
| Investment income | $130 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,364 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $995 |
| Occupancy, rent, utilities, and maintenance | $10,439 |
| Printing, publications, postage, and shipping | $592 |
| Other expenses | $104,332 |
| Total expenses | $116,358 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,576 |
| Other assets | $0 |
| Total assets | $100,020 |
| Total liabilities | $0 |
| Net assets or fund balances | $100,020 |
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