Biloxi Bay Chamber Of Commerce
- Assets
- $166.1k
- Revenue
- $151.3k
- Investments
- $45.3k
- Employees
- 2
- Location
- Biloxi, MS
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 64-0815046
Organization Overview
Biloxi Bay Chamber Of Commerce is located in Biloxi, MS. The organization was established in 1994. 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, Biloxi Bay Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biloxi Bay 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, Biloxi Bay Chamber Of Commerce generated $151.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $122.2k during the year ending 12/2021. While expenses have increased by 0.9% 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 ENCOURAGE, PROMOTE AND ENHANCE THE ECONOMIC POSTURE, ENVIRONMENT, AND CULTURAL HERITAGE OF THE BILOXI BAY REGION ON THE MISSISSIPPI GULF COAST. MOST SIGNIFICANT ACTIVITIES: BILOXI BAY NEWSLETTER; CALENDAR OF EVENTS ANDAREA INFO; BEAUTIFICATION & ENVIRONMENT; CULTURE & HERITAGE; ECONOMIC DEVELOPMENT; EDUCATION; MEMBERSHIP; MILITARY/VETERANS AFFAIRS; PUBLIC AFFAIRS; SPECIAL PROJECTS - TOURISM & PROMOTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
"STATE OF THE CITY" ANNUAL BUSINESS LUNCHEON WITH GUEST SPEAKER. THE MAYOR OF THE CITY OF BILOXI GIVES THE MEMBERS AND BUSINESS COMMUNITY AN OUTLINE OF THE CURRENT STATE OF AFFAIRS IN THE CITY OF BILOXI INCLUDING PROJECTS IN CATEGORIES SUCH AS TOURISM, INFRASTRUCTURE, CULTURAL, HERITAGE, PUBLIC SAFETY, ZONING AND GENERAL TAXES AND BUDGETARY MATTERS.
SPECIAL PROJECTS - CRUISIN' THE COAST BLOCK PARTY, KREW OF BARKLOXI PAWRADE, ANNUAL MEMBERSHIP MEETING, CHRISTMAS PARTY, DON WYLIE MEMORIAL GOLF TOURNAMENT, BOO ON THE RUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Ross-Seamans Executive Director | Trustee | 40 | $50,727 |
Jordan Church President | OfficerTrustee | 1 | $0 |
Matthew Brooks President Elect | OfficerTrustee | 2 | $0 |
Yvonne Gayewski Treasurer | OfficerTrustee | 1 | $0 |
Eric Sievers Past President | OfficerTrustee | 1 | $0 |
Corey Christy Community Development | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $75,292 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,561 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,347 |
| Total Program Service Revenue | $0 |
| Investment income | $4,905 |
| 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 | $151,252 |
| 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. | $50,727 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,109 |
| 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 | $35,036 |
| Advertising and promotion | $475 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,059 |
| 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 | $0 |
| Insurance | $1,550 |
| All other expenses | $0 |
| Total functional expenses | $122,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,616 |
| Savings and temporary cash investments | $15,176 |
| 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 | $45,271 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $166,063 |
| 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 | $21,465 |
| Total liabilities | $21,465 |
| Net assets without donor restrictions | $0 |
| 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 | $144,598 |
| Total liabilities and net assets/fund balances | $166,063 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Radio Music License Committee Brentwood, TN | $1,028,521 | $6,574,625 |
Nashville Area Chamber Of Commerce Nashville, TN | $10,414,739 | $9,196,086 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Memphis Area Chamber Of Commerce Memphis, TN | $3,591,167 | $6,894,505 |
Tennessee Bankers Association Incorporated Nashville, TN | $20,990,156 | $6,097,018 |