Vestavia Hills Chamber Of Commerce Inc
- Assets
- $254.5k
- Revenue
- $437.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Vestavia Hills, AL
- Founding
- 05/1984
- Data as of
- 12/2021
- EIN
- 63-0858303
Organization Overview
Vestavia Hills Chamber Of Commerce Inc is located in Vestavia Hills, AL. The organization was established in 1984. 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, Vestavia Hills Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vestavia Hills 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 12/2021, Vestavia Hills Chamber Of Commerce Inc generated $437.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $431.6k during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER, PROMOTE, ADVANCE AND IMPROVE THE ECONOMIC, CIVIC, EDUCATIONAL AND GENERAL BUSINESS CONDITIONS OF ITS MEMBERS AND THE VESTAVIA HILLS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHLY LUNCHEONS-CHAMBER HOLDS MONTHLY LUNCHEON FOR MEMBERS AND GUESTS. GUEST SPEAKERS INVITED ON RECENT DEVELOPMENTS AND ISSUES WITHIN THE COMMUNITY AND STATE. FORUM ALSO USED FOR MAYOR AND SCHOOL SUPERINTENDENT TO PROVIDE AN ANNUAL UPDATE ON CURRENT ISSUES.
NEWSLETTERS AND ANNUAL MAGAZINE-THE CHAMBER STRIVES TO PROVIDE RESIDENTS, LOCAL BUSINESS, PARENTS AND STUDENTS CURRENT INFORMATION THROUGH BI-MONTHLY NEWSLETTERS PUBLISHED AND DISTRIBUTED THROUGHOUT THE COMMUNITY. AN ANNUAL MAGAZINE IS ALSO PUBLISHED WITH ARTICLES OF INTEREST NOTING LOCAL BUSINESS, PEOPLE AND EVENTS. THE QUALITY OF LIFE IN THE COMMUNITY IS HIGHLIGHTED.
COMMUNITY EVENTS-THE CHAMBER HOSTS LOCAL EVENTS AND ACTIVITIES TO BRING RESIDENTS AND LOCAL BUINESS TOGETHER. ONE OF THESE IS THE ANNUAL "I LOVE AMERICA DAY" WHERE LOCAL BUSINESS SPONSORS ARE PROVIDED DIRECT ACCESS TO DISTRIBUTE INFORMATION, ETC. TO ALL ATTENDING. THE EVENING INCLUDES OUTDOOR ACTIVITIES, PATRIOTIC MUSIC AND FIREWORKS, AND IS ATTENDED BY PEOPLE FROM ALL OVER THE AREA.
OTHER EXPENSES RELATED TO OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen J Odle President | Officer | 40 | $119,500 |
Taylor Burton Vice Chair B | OfficerTrustee | $0 | |
Kelly Bottcher Vice Chair P | OfficerTrustee | $0 | |
Sandra Cleveland Chair-Elect | OfficerTrustee | $0 | |
Benny Chambliss Treasurer | OfficerTrustee | $0 | |
John Henley Chair | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $230,706 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,966 |
| Total Program Service Revenue | $78,320 |
| Investment income | $2,626 |
| 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 | $437,580 |
| 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. | $119,500 |
| Compensation of current officers, directors, key employees. | $119,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,475 |
| Pension plan accruals and contributions | $4,987 |
| Other employee benefits | $3,907 |
| Payroll taxes | $15,624 |
| 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 | $39,543 |
| Advertising and promotion | $16,014 |
| Office expenses | $24,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $934 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,981 |
| All other expenses | $38,200 |
| Total functional expenses | $431,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,488 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $254,488 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,351 |
| Total liabilities | $2,351 |
| Net assets without donor restrictions | $252,137 |
| 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 | $254,488 |
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