Enterprise Chamber Of Commerce Inc
- Assets
- $543.8k
- Revenue
- $269.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Enterprise, AL
- Founding
- 11/1979
- Data as of
- 09/2021
- EIN
- 63-0778299
Organization Overview
Enterprise Chamber Of Commerce Inc is located in Enterprise, AL. The organization was established in 1979. 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 09/2021, Enterprise Chamber Of Commerce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise Chamber Of Commerce Inc 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 09/2021, Enterprise Chamber Of Commerce Inc generated $269.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $237.5k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) 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
THE MISSION OF THE ENTERPRISE CHAMBER OF COMMERCE, INC. SHALL BE TO PROMOTE THE BUSINESS AND ECONOMIC ENVIRONMENT; THEREBY, PROVIDING FOR THE WELFARE OF THE CITIZENS OF THE ENTERPRISE AREA AND FURTHERING THE COMPETITIVE FREE ENTERPRISE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE ECONOMIC AND SOCIAL DEVELOPMENT FOR THE CITIZENS OF ENTERPRISE.
OTHER PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Grantham Executive Di | Officer | 40 | $54,524 |
Queen Amos Vice Chairma | Trustee | $0 | |
Angela Brockman Board Member | Trustee | $0 | |
Trent Dillard Immediate Pa | Trustee | $0 | |
Eddie Fortner Board Member | Trustee | $0 | |
Lawanda Grill Vice Chairma | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $134,718 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,771 |
| All other contributions, gifts, grants, and similar amounts not included above | $262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,751 |
| Total Program Service Revenue | $9,321 |
| Investment income | $1,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,699 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $269,197 |
| 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. | $54,524 |
| Compensation of current officers, directors, key employees. | $54,524 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,880 |
| Payroll taxes | $12,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,687 |
| Office expenses | $28,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,579 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,988 |
| Insurance | $3,850 |
| All other expenses | $543 |
| Total functional expenses | $237,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,339 |
| Savings and temporary cash investments | $256,985 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,362 |
| 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 | $0 |
| Net Land, buildings, and equipment | $92,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $543,809 |
| Accounts payable and accrued expenses | $13,105 |
| Grants payable | $0 |
| Deferred revenue | $65,305 |
| 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 | $0 |
| Total liabilities | $78,410 |
| Net assets without donor restrictions | $465,399 |
| 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 | $543,809 |
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