Morrilton Chamber Of Commerce

Organization Overview

Morrilton Chamber Of Commerce is located in Morrilton, 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, Morrilton Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morrilton 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, Morrilton Chamber Of Commerce generated $175.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $149.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) 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

ASSIST COMMUNITY IN ECONOMIC AND CIVIC DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CHAMBER PROVIDES GENERAL & ADMINISTRATIVE SERVICE TO THE COMMUNITY IN THE PURSUIT OF NEW & EXPANDED INDUSTRY, PROMOTION OF TOURISM, AND PROVIDING EDUCATIONAL PROGRAMS TO THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Hammons
Director
$0
Robert Hogan
Director
$0
Name Not Listed
Chairman
$0
Alicia Hugen
Director
$0
Robert Keeton
Treasurer
$0
Jordan Ogle
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$19,868
Fundraising events$0
Related organizations$0
Government grants $88,000
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$107,868
Total Program Service Revenue$0
Investment income $479
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 $175,335

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