Decatur Chamber Of Commerce
- Assets
- $952.5k
- Revenue
- $876.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Decatur, AL
- Founding
- 09/1942
- Data as of
- 03/2021
- EIN
- 63-0039360
Organization Overview
Decatur Chamber Of Commerce is located in Decatur, AL. 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 03/2021, Decatur Chamber Of Commerce employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decatur 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 03/2021, Decatur Chamber Of Commerce generated $876.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $754.2k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 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
ADVANCING THE CIVIC, COMMERCIAL, INDUSTRIAL, AGRICULTURAL, EDUCATIONAL, ENVIRONMENTAL, RECREATIONAL, AND CULTURAL INTERESTS OF DECATUR AND MORGAN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCING THE CIVIC, COMMERICAL, INDUSTRIAL, AGRICULTURAL, EDUCATIONAL, ENVIRONMENTAL, RECREATIONAL, AND CULTURAL INTERESTS OF DECATUR AND MORGAN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Seymour President & | Officer | 40 | $128,125 |
Crystal Brown President & | Officer | 40 | $68,625 |
Jeff Brown Treasurer | OfficerTrustee | $0 | |
Willie Lafavor Chairman | Officer | $0 | |
Tommy Davis Vp-Talent De | Trustee | $0 | |
Joseph Hill V-Chair Lead | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $364,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,573 |
| Total Program Service Revenue | $322,474 |
| Investment income | $2,930 |
| 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 | $876,670 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $462,141 |
| Pension plan accruals and contributions | $26,952 |
| Other employee benefits | $28,177 |
| Payroll taxes | $33,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,221 |
| Office expenses | $5,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,038 |
| Travel | $10,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,521 |
| Insurance | $5,646 |
| All other expenses | $41,652 |
| Total functional expenses | $754,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,874 |
| Savings and temporary cash investments | $476,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $348,778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $952,458 |
| Accounts payable and accrued expenses | $27,575 |
| Grants payable | $0 |
| Deferred revenue | $94,425 |
| 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 | $156,584 |
| Total liabilities | $278,584 |
| Net assets without donor restrictions | $673,874 |
| Net assets with donor restrictions | $0 |
| 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 | $952,458 |
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