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← YANCEY COUNTY-BURNSVILLE CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by YANCEY COUNTY-BURNSVILLE CHAMBER OF COMMERCE.

Totals

Total revenue
$488,061
Total expenses
$487,779
Contributions and grants received
$338,421
Grants paid
$24,875
Program service revenue
$139,578
Investment income
$54
Other revenue
$10,008
Total assets, end of year
$313,285
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$313,285
Program services expenses (Part IX)
$451,989
Management and general expenses
$24,863
Fundraising expenses
$10,927
Program service expenses (Part III)
$451,989

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,200

  • 1e · Government grants (contributions)

    $323,284

  • 1f · All other contributions, gifts and grants

    $13,937

  • 2a · Program service revenue: Event Income

    total $5,982 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Leadership Program

    total $1,800 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Craft Fair

    total $64,621 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Membership Dues

    total $67,175 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $54 · unrelated business $0 · excluded $54

  • 8a · Fundraising events: gross income

    $11,798

  • 8a · Fundraising events: contributions included on line 1c

    $1,200

  • 8b · Fundraising events: direct expenses

    $1,790

  • 8c · Net income from fundraising events

    total $10,008 · unrelated business $0 · excluded $10,008

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,875 · program services $19,875

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $68,349 · program services $54,680 · management and general $13,669 · fundraising $0

  • 7 · Other salaries and wages

    total $11,415 · program services $11,415 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $5,719 · program services $4,576 · management and general $1,143 · fundraising $0

  • 11c · Fees: accounting

    total $4,770 · program services $1,200 · management and general $3,570 · fundraising $0

  • 11g · Fees: other

    total $26,057 · program services $26,018 · management and general $39 · fundraising $0

  • 12 · Advertising and promotion

    total $281,194 · program services $281,194 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $21,132 · program services $19,190 · management and general $1,835 · fundraising $107

  • 14 · Information technology

    total $12,030 · program services $11,248 · management and general $747 · fundraising $35

  • 16 · Occupancy

    total $3,508 · program services $2,806 · management and general $702 · fundraising $0

  • 17 · Travel

    total $1,157 · program services $1,157 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $6,219 · program services $4,976 · management and general $1,243 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $4,465 · program services $3,572 · management and general $893 · fundraising $0

  • 23 · Insurance

    total $2,892 · program services $2,314 · management and general $578 · fundraising $0

  • 24a · Other expenses: Dues and Subscriptions

    total $1,685 · program services $1,348 · management and general $337 · fundraising $0

  • 24b · Other expenses: Chamber Member Events

    total $11,776 · program services $991 · management and general $0 · fundraising $10,785

  • 24c · Other expenses: Miscellaneous

    total $536 · program services $429 · management and general $107 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $242,245 · end of year $246,852

  • 2 · Savings and temporary cash investments

    beginning of year $26,422 · end of year $26,476

  • 10a · Land, buildings and equipment: cost or other basis

    $96,242

  • 10b · Land, buildings and equipment: accumulated depreciation

    $56,285

  • 10c · Land, buildings and equipment, net

    beginning of year $44,422 · end of year $39,957

  • 17 · Accounts payable and accrued expenses

    beginning of year $86

  • 27 · Net assets without donor restrictions

    beginning of year $313,003 · end of year $313,285

Mission and programs · 2023

Mission

Empowering members through education, advocacy, and partnership.

Activities or mission (Part I)

The mission of the Burnsville-Yancey County Chamber of Commerce is empowering members through education, advocacy, and partnership.

  • Business Builders Breakfasts: The Yancey County Chamber of Commerces Business Builders Breakfasts are a monthly networking and educational event designed to support local businesses. Co-sponsored by Mayland Community Colleges Small Business Center and the Yancey Chamber, the events feature speakers discussing timely community issues affecting the community. Education sessions are included on pertinent topics such as corporate development and taxes. Attendees benefit from a pre-program networking opportunity, fostering connections and business relationships building among local professionals.

    Expenses $451,989 · Revenue $7,782

  • Yancey Chamber After Hours: The Yancey County Chamber of Commerces Business After Hours are premier networking gatherings held at various local businesses througout the county. These events offer Chamber members and local professionals the opportunity to connect, collaborate, and build relationships in a relaxed, after-work setting. Attendees also enjoy refreshments, explore host venues, and engage in meaningful conversations that foster community and business growth. Each event showcases a different local business, providing insights into their operations and contribtuions to the community. With ten events hosted annually, Business After Hours serves as a cornerstone for professional networking and community engagement in Yancey County. Leadership Yancey: Leadership Yancey County is a seven-month leadership development program organized by the Yancey County Chamber of Commerce. Through monthly sessions, participants explore key sectors such as education, industry, health, and human services, small business, tourism, parks and recreation, agriculture, and local government. The program includes site visits and interactive learning experiences designed to deepen understanding of the countys assets and challenges. With a $200 fee covering meals, transportation, and material, Leadership Yancey equips emerging leaders with the knowledge and connections needed to shape the communitys future.

  • Remote Workers Exchange: The Yancey County Chamber of Commerces Remote Worker Exchange events provide a welcoming space for remote professionals to connect, socialize, and expand the business community in Yancey County. Hosted at the local Chamber-member venues, these gatherings offer a relaxed atmosphere with beverages and appetizers, encouraging attendees to forget meaningful relationships and support local businesses. Sponsored by the Chamber of Commerce and Yancey County Economic Development, the initiative strengthens ties between remote workers and the broader business community, fostering collaboration and economic growth in the region.

As filed on the 2023 return.

Listed in Part VII

  • Christine Kay Wood

    Executive Director

    Total calculated
    $56,439
    From this org
    $49,202
    From related orgs
    $0
    Other
    $7,237
    Hours/week
    40

  • Kem Muller

    President

    Total calculated
    $0
    Hours/week
    1

  • April Grindstaff

    President Elect

    Total calculated
    $0
    Hours/week
    1

  • Mark Bayliff

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Santana Wright

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Susan Buchanan

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Tal Glaton

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Kavita Hardy

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Jamie McMahan

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Renee Tomberlin

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Joyce Watts

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Karl Weaver

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
23 July 2025
IRS schema version
2023v6.0
Source object
202542049349300214

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