Conway Area Chamber Of Commerce

Organization Overview

Conway Area Chamber Of Commerce is located in Conway, AR. The organization was established in 1972. 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, Conway Area Chamber Of Commerce employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conway Area 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, Conway Area Chamber Of Commerce generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 5.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE LOCAL AREA BUSINESSES IN THE CITY OF CONWAY, ARKANSAS WHO ARE MEMBERS OF THE ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPECIAL PROJECT TO PROMOTE THE CITY OF CONWAY, AR


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$493,037
Fundraising events$0
Related organizations$0
Government grants $173,875
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$666,912
Total Program Service Revenue$903,339
Investment income $5,577
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 $1,770,031

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Conway Area Chamber Of Commerce has recieved totaling $43,400.

Awarding OrganizationAmount
Conway Regional Medical Center Inc

Conway, AR

PURPOSE: SPONSORSHIP

$43,400
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$62,583
Earnings$9,738
Ending Balance$72,321

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