Prospect Area Chamber Of Commerce
- Assets
- $7.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Prospect, KY
- Founding
- 09/2004
- Data as of
- 12/2023
- EIN
- 73-1697744
Organization Overview
Prospect Area Chamber Of Commerce is located in Prospect, KY. The organization was established in 2004. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect 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 12/2023, Prospect Area Chamber Of Commerce generated $54.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $73.6k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HOSTS VARIOUS NETWORKING AND EDUCATIONAL EVENTS THROUGHOUT THE YEAR FOR THE BENEFIT OF ITS MEMBERS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Hensley President | 0 | $0 | |
Luis Wells-Gonzalez Vice President | 0 | $0 | |
Kathie Quaife Treasurer | 0 | $0 | |
Florence Browne Secretary | 0 | $0 | |
Jennifer Jacobs Past President | 0 | $0 | |
Dj Dodson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,404 |
| Membership dues | $45,283 |
| Investment income | $364 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,150 |
| Total Revenue | $54,201 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,981 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,634 |
| Total expenses | $73,615 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,244 |
| Other assets | $0 |
| Total assets | $7,315 |
| Total liabilities | $24,814 |
| Net assets or fund balances | -$17,499 |