Cotton Exchange Merchants Association
- Assets
- $1.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 75-3144803
Organization Overview
Cotton Exchange Merchants Association is located in Wilmington, NC. 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. Cotton Exchange Merchants Association 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 12/2022, Cotton Exchange Merchants Association generated $57.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $57.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE THE LOCAL COMMUNITY THROUGH BROCHURES, RADIO, TELEVISION, BILLBOARDS, DIRECTORIES, MAPS, INTERNET, SPECIAL EVENTS, AND OTHER FORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Meyers President | 4 | $0 | |
Gavin Meyers Vice President | 2 | $0 | |
Marlo Hitriz Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,336 |
| Total Program Service Revenue | $0 |
| Membership dues | $55,730 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,066 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $430 |
| Occupancy, rent, utilities, and maintenance | $12 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,204 |
| Total expenses | $57,646 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,592 |
| Other assets | $0 |
| Total assets | $1,592 |
| Total liabilities | $4,942 |
| Net assets or fund balances | -$3,350 |