Lawrence County Chamber Of Commerce

Organization Overview

Lawrence County Chamber Of Commerce is located in Walnut Ridge, AR. The organization was established in 1948. 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, Lawrence County Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence County 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, Lawrence County Chamber Of Commerce generated $87.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $87.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. 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

PROMOTES BUSINESS AND TOURISM IN LAWRENCE COUNTY, AR

Describe the Organization's Program Activity:

Part 3 - Line 4a

HELPED PROMOTE BUSINESS IN THE LOCAL COUNTY THROUGH HOSTING A FESTIVAL.


PROMOTED TOURISM AND BUSINESSES THROUGH MEETINGS AND SPECIAL EVENTS IN LAWRENCE COUNTY, AR


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Board, Officers & Key Employees

Name (title)Compensation
Brad Junkersfeld
Director
$0
Dale Hughart
Vice President
$0
Deborah Smith
Treasurer
$0
Josh Conlee
Director
$0
Cathy Tedder
Director
$0
Lloyd Clark
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $13,750
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$13,750
Total Program Service Revenue$66,489
Investment income $6,068
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,008
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$112
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $87,203

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