Chamber Of Commerce

Organization Overview

Chamber Of Commerce is located in Johnson City, TN. The organization was established in 1942. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Chamber Of Commerce generated $566.9k 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 (9.0%) each year. All expenses for the organization totaled $495.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 7 years. 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 THE COMMUNITY OF JOHNSON CITY, TN AND TO HIGHLIGHT VARIOUS INDUSTRIES OF THE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTES THE DEVELOPMENT AND GROWTH OF BUSINESSES, INDUSTRIES, AND PROFESSIONS IN THE JOHNSON CITY, JONESBOROUGH AND WASHINGTON COUNTY, TENNESSEE AREA THROUGH THE EFFORTS OF ITS MEMBERS BY PROVIDING PUBLIC AWARENESS PROGRAMS


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Board, Officers & Key Employees

Name (title)Compensation
Robert Cantler
President/ceo
$138,085
Tammy Gorzka
Chair
$0
Dr Mckenzie Calhoun Highsmith
Chair-Elect
$0
Scott Ledford
Secretary/treasurer
$0
Jennifer Keller
Immediate Past Chair
$0
Jeff Derby
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$308,085
Fundraising events$18,500
Related organizations$0
Government grants $123,394
All other contributions, gifts, grants, and similar amounts not included above$64,953
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$514,932
Total Program Service Revenue$18,213
Investment income $377
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $7,552
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $566,906

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Chamber Of Commerce has recieved totaling $191,000.

Awarding OrganizationAmount
Eastman Credit Union

Kingsport, TN

PURPOSE: EVENT SPONSORSHIP AND GENERAL ASSISTANCE

$151,000
Powell Foundation

Johnson City, TN

PURPOSE: MODEL MILL PROJECT

$40,000
View Grant Recipient Profile

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