Greater Knoxville Chamber Of Commerce
- Assets
- $3.7m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Knoxville, TN
- Founding
- 10/1942
- Data as of
- 06/2022
- EIN
- 62-0262640
Organization Overview
Greater Knoxville Chamber Of Commerce is located in Knoxville, TN. The organization was established in 1942. 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 06/2022, Greater Knoxville Chamber Of Commerce employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Knoxville 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 06/2022, Greater Knoxville Chamber Of Commerce generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DRIVING REGIONAL ECONOMIC PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KNOXVILLE AREA CHAMBER PARTNERSHIP IS ORGANIZED TO ADVACNE THE GENERAL WELFARE AND PROSPERITY OF THE KNOXVILLE AREA, SO THAT ITS CITIZENS AND ITS BUSINESS COMMUNITY WILL FLOURISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Owen M Odom President/ C | Officer | 40 | $269,560 |
Wes Stowers Chair | OfficerTrustee | 2.5 | $0 |
Daniel Carter Past Chair | OfficerTrustee | 2.5 | $0 |
Nikitia Thompson Board Secret | OfficerTrustee | 2.5 | $0 |
Randy Jenkins Treasurer | OfficerTrustee | 2.5 | $0 |
Mark Mamantov General Coun | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,256,012 |
| Investment income | $413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,594 |
| 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 | $4,489,464 |
| Statement of Expenses | |
|---|---|
| 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. | $259,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,438,607 |
| Pension plan accruals and contributions | $77,799 |
| Other employee benefits | $201,205 |
| Payroll taxes | $193,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $633 |
| Advertising and promotion | $43,126 |
| Office expenses | $35,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,720 |
| Interest | $30,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,510 |
| Insurance | $22,755 |
| All other expenses | $0 |
| Total functional expenses | $4,398,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,091,045 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $684,855 |
| 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 | $107,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,687,066 |
| Accounts payable and accrued expenses | $346,742 |
| Grants payable | $0 |
| Deferred revenue | $1,395,783 |
| 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 | $762,778 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,505,303 |
| Net assets without donor restrictions | $1,168,579 |
| Net assets with donor restrictions | $13,184 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,181,763 |