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Nonprofiteer
← GREENSBORO AREA CHAMBER OF COMMERCE

Form 990 for tax year 2025

Filed by GREENSBORO AREA CHAMBER OF COMMERCE.

Totals

Total revenue
$3,544,409
Total expenses
$4,103,006
Contributions and grants received
$1,527,451
Grants paid
$60,000
Program service revenue
$1,589,064
Investment income
$183,957
Other revenue
$243,937
Total assets, end of year
$6,707,253
Total liabilities, end of year
$1,335,108
Net assets or fund balances, end of year
$5,372,145
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $532,789

  • 1f · All other contributions, gifts and grants

    $994,662

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $965,631 · related or exempt $965,631

  • 2b · Program service revenue: PROGRAMS, PUBLICATIONS

    total $623,433 · related or exempt $623,433

  • 3 · Investment income

    total $183,957 · excluded $183,957

  • 11a · Other revenue: ANNUAL DINNER

    total $147,578 · excluded $147,578

  • 11b · Other revenue: MANAGEMENT FEE INCOME

    total $72,000 · excluded $72,000

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $24,359 · excluded $24,359

  • 11e · Other revenue, total

    $243,937

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000

  • 5 · Compensation of officers, directors and key employees

    total $1,276,996

  • 7 · Other salaries and wages

    total $954,885

  • 8 · Pension plan contributions

    total $51,953

  • 9 · Other employee benefits

    total $117,988

  • 10 · Payroll taxes

    total $153,392

  • 11b · Fees: legal

    total $1,838

  • 11c · Fees: accounting

    total $19,200

  • 11g · Fees: other

    total $36,483

  • 13 · Office expenses

    total $53,494

  • 14 · Information technology

    total $66,884

  • 16 · Occupancy

    total $276,165

  • 17 · Travel

    total $11,329

  • 19 · Conferences, conventions and meetings

    total $51,895

  • 22 · Depreciation, depletion and amortization

    total $4,019

  • 23 · Insurance

    total $35,950

  • 24a · Other expenses: PROGRAM EXPENSES

    total $621,968

  • 24b · Other expenses: MARKETING

    total $179,550

  • 24c · Other expenses: GENERAL AND ADMINISTRAT

    total $129,017

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $673,168 · end of year $801,328

  • 2 · Savings and temporary cash investments

    beginning of year $2,837,187 · end of year $3,635,844

  • 3 · Pledges and grants receivable

    beginning of year $3,199,738 · end of year $1,719,884

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,143 · end of year $47,172

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

    $368,866

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

    $317,783

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $51,083

  • 12 · Investments: other securities

    beginning of year $15,000 · end of year $15,000

  • 15 · Other assets

    beginning of year $590,361 · end of year $436,942

  • 17 · Accounts payable and accrued expenses

    beginning of year $679,437 · end of year $757,211

  • 19 · Deferred revenue

    beginning of year $164,427 · end of year $140,955

  • 25 · Other liabilities

    beginning of year $590,361 · end of year $436,942

  • 27 · Net assets without donor restrictions

    beginning of year $2,544,972 · end of year $3,011,745

  • 28 · Net assets with donor restrictions

    beginning of year $3,385,400 · end of year $2,360,400

Mission and programs · 2025

Mission

TO SERVE AS GREENSBORO, NORTH CAROLINA'S PRINCIPAL ECONOMIC AND COMMUNITY DEVELOPMENT ORGANIZATION. OUR GOAL IS TO STRATEGICALLY DEVELOP A VIBRANT COMMUNITY THAT CREATES, EXPANDS, AND ATTRACTS BUSINESS WHILE ADVANCING THE QUALITY OF LIFE FOR ALL.

  • ECONOMIC DEVELOPMENT: FOCUSES ON CREATING NEW JOBS AND NEW CAPITAL INVESTMENT, AS WELL AS FACILITATING WORKFORCE DEVELOPMENT INITIATIVES IN GREENSBORO AND GUILFORD COUNTY. IT MARKETS GREENSBORO NATIONALLY AND INTERNATIONALLY AS A DESTINATION FOR NEW ENTERPRISES WHILE HELPING EXISTING GREENSBORO AREA COMPANIES REMAIN AND EXPAND LOCALLY.

  • MEMBER ENGAGEMENT: IS DEDICATED TO HELPING MEMBERS ACHIEVE SUCCESS THROUGH BUSINESS EDUCATION, LEADERSHIP TRAINING, ADVOCACY, MARKETING OPPORTUNITIES, AND UNIQUE BUSINESS RESOURCES. IT WORKS TO CULTIVATE A THRIVING BUSINESS ENVIRONMENT IN THE GREENSBORO AREA.

  • LAUNCH GREENSBORO: ACCELERATES GROWTH FOR ENTREPRENEURS STARTING BUSINESSES IN THE GREENSBORO/TRIAD AREA BY PROVIDING EDUCATION, MENTORING, AND ACCESS TO CAPITAL. IT ACCOMPLISHES THIS THROUGH THREE PILLARS OF WORK: RESOURCES, EXPERTISE, AND COMMUNITY.

As filed on the 2025 return.

Listed in Part VII

  • JIMMY ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUZY ADKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FORD BOWERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IVAN CANADA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LYNN CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONY CLARKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG COX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • URSULA DUDLEY OGLESBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BETH FISCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GEOFF FOSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KINSLEY FRASER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STACEY GREENE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PRESTON HAMMOCK

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BRENT HAMPTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JADA HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOUG HASSMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HANK HENNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ASHLEIGH JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY KING QUAINTANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CURT LADIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CC LAMBERTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WANDA LEA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AUSTIN LIEB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • APRIL MASON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARA MILLARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTA MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD NAVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MINDY OAKLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WHITNEY OAKLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATALIE PASS-MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA PRATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLAUDEL PRESSA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM REED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARY RICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KILEY SCHIFFMAN STORRS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHAYLA SHARPE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL SPURR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHERRI THOMAS

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CLIFFORD THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRIAN VANNOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD VANORE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID ZAAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY ZIMMERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SKIP ALSTON

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • VICTOR ISLER

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • TREY DAVIS III

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • JAMES B CHRISTENSEN

    PRESIDENT/CEO

    Total calculated
    $432,090
    From this org
    $401,458
    From related orgs
    $0
    Other
    $30,632
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $302,504
    Bonus
    $72,325
    Other
    $26,629
    Deferred
    $24,500
    Nontaxable benefits
    $6,132
    Filer's total
    $432,090

  • WILLIAM CHEEK

    EXECUTIVE VP, LAUNCH GREENSBORO

    Total calculated
    $159,345
    From this org
    $148,750
    From related orgs
    $0
    Other
    $10,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $18,750
    Other
    $0
    Deferred
    $4,463
    Nontaxable benefits
    $6,132
    Filer's total
    $159,345

  • JACOB KEYS

    VP, MARKETING & COMMUNICATIONS

    Total calculated
    $110,132
    From this org
    $100,000
    From related orgs
    $0
    Other
    $10,132
    Hours/week
    40

  • TRACY MYERS

    EVP-MEMBER & INVESTOR ENGAGEMENT

    Total calculated
    $211,927
    From this org
    $198,848
    From related orgs
    $0
    Other
    $13,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,400
    Bonus
    $20,448
    Other
    $12,000
    Deferred
    $13,079
    Nontaxable benefits
    $0
    Filer's total
    $211,927

  • SANDRA POST

    CONTROLLER

    Total calculated
    $162,337
    From this org
    $146,300
    From related orgs
    $0
    Other
    $16,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $11,500
    Other
    $4,800
    Deferred
    $9,905
    Nontaxable benefits
    $6,132
    Filer's total
    $162,337

  • MARVIN PRICE

    EXECUTIVE VP, ECONOMIC DEVELOPMENT

    Total calculated
    $201,166
    From this org
    $183,060
    From related orgs
    $0
    Other
    $18,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,700
    Bonus
    $23,360
    Other
    $12,000
    Deferred
    $11,974
    Nontaxable benefits
    $6,132
    Filer's total
    $201,166

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PROVIDES A DISCRETIONARY AUTOMOBILE ALLOWANCE TO JAMES B. CHRISTENSEN, TRACY MYERS, AND MARVIN PRICE IN THE AMOUNT OF $12,000 AND SANDRA POST IN THE AMOUNT OF $4,800. ADDITIONALLY, JAMES B. CHRISTENSEN IS PROVIDED WITH A FRINGE BENEFIT MEMBERSHIP TO A COUNTRY CLUB IN THE AMOUNT OF $12,307. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). ALL OF THESE ITEMS ARE INCLUDED IN THE EMPLOYEES' W-2S.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ACTION GREENSBORO

    501(C)(3) · CHARITY · NC · controlled entity

    Directly controlled by GREENSBORO AREA CHAMBER OF COMMERCE

  • GREENSBORO CHAMBER FOUNDATION

    501(C)(3) · CHARITY · NC · controlled entity

    Directly controlled by GREENSBORO AREA CHAMBER OF COMMERCE

Provenance

Return type
form_990
Tax year
2025
Filed
5 May 2026
IRS schema version
2025v4.1
Source object
202621319349302412

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