Putnam County Chamber Of Commerce
- Assets
- $1.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Cookeville, TN
- Founding
- 07/1983
- Data as of
- 12/2021
- EIN
- 62-0432130
Organization Overview
Putnam County Chamber Of Commerce is located in Cookeville, TN. The organization was established in 1983. 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 12/2021, Putnam County Chamber Of Commerce employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam County 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, Putnam County Chamber Of Commerce generated $1.5m 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 (5.9%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. 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
TO STRENGTHEN THE REGION BY CULTIVATING A VIBRANT ECONOMY AND ENHANCING QUALITY OF LIFE. OUR PRIMARY VISION IS TO BE A CATALYST FOR A COLLABORATIVE AND PROSPEROUS REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT: STRIVE TO CREATE AN ENVIRONMENT IN PUTNAM COUNTY WHERE RESIDENTS CAN LIVE AND WORK SUCCESSFULLY. THIS INCLUDES NEW JOB DEVELOPMENT SERVICES TO EXISTING BUSINESS AND INDUSTRY TECHNICAL TRAINING.
HIGHLAND'S INITIATIVE: A FIVE YEAR REGIONAL ECONOMIC ACCELERATION PROGRAM FOR COOKEVILLE, PUTNAM COUNTY, AND THE UPPER CUMBERLAND.
CONVENTION AND VISITORS BUREAU: A PROGRAM DEVELOPED TO PROMOTE TRAVEL, TOURISM, AND CONVENTIONS WITHIN PUTNAM COUNTY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy New President/ce | OfficerTrustee | 40 | $146,857 |
Lynne Matthews VP Of Operat | Officer | 40 | $57,975 |
Wayne Cravens Chair | OfficerTrustee | 1 | $0 |
Mark Odom Immediate Pa | OfficerTrustee | 1 | $0 |
Michael Porten Vice And Cha | OfficerTrustee | 1 | $0 |
Brandon Parrish Secretary/tr | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $586,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,698 |
| Noncash contributions included in lines 1a–1f | $1,060 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,109,363 |
| Total Program Service Revenue | $379,439 |
| Investment income | $3,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,407 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,502,724 |
| 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. | $234,803 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $521,116 |
| Pension plan accruals and contributions | $30,907 |
| Other employee benefits | $51,903 |
| Payroll taxes | $59,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,241 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57,475 |
| Office expenses | $47,115 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,027 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,401 |
| Insurance | $7,891 |
| All other expenses | $0 |
| Total functional expenses | $1,264,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,941 |
| Savings and temporary cash investments | $654,340 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,506 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,314 |
| Prepaid expenses and deferred charges | $58,522 |
| Net Land, buildings, and equipment | $62,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,500 |
| Total assets | $1,383,168 |
| Accounts payable and accrued expenses | $59,908 |
| Grants payable | $0 |
| Deferred revenue | $93,479 |
| 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 | $17,165 |
| Total liabilities | $170,552 |
| Net assets without donor restrictions | $672,119 |
| Net assets with donor restrictions | $540,497 |
| 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 | $1,383,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |