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Nonprofiteer
← COBB COUNTY CHAMBER OF COMMERCE FOUNDATION INC

Form 990 for tax year 2024

Filed by COBB COUNTY CHAMBER OF COMMERCE FOUNDATION INC.

Totals

Total revenue
$1,213,090
Total expenses
$1,162,054
Contributions and grants received
$661,763
Grants paid
$96,600
Program service revenue
$494,142
Investment income
$78,890
Other revenue
-$21,705
Total assets, end of year
$2,860,118
Total liabilities, end of year
$101,650
Net assets or fund balances, end of year
$2,758,468
Program services expenses (Part IX)
$1,122,258
Management and general expenses
$32,734
Fundraising expenses
$7,062
Program service expenses (Part III)
$1,122,258

Program services were 96.6% 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

    $99,610

  • 1e · Government grants (contributions)

    $66,100

  • 1f · All other contributions, gifts and grants

    $496,053

  • 2a · Program service revenue: PARTICIPATION FEES

    total $494,142 · related or exempt $494,142

  • 3 · Investment income

    total $57,366 · excluded $57,366

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $919,690

  • 7b · Less cost or other basis and sales expenses

    securities $898,166

  • 7c · Gain or loss

    securities $21,524

  • 7d · Net gain or loss

    total $21,524 · excluded $21,524

  • 8a · Fundraising events: gross income

    $27,638

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

    $99,610

  • 8b · Fundraising events: direct expenses

    $49,343

  • 8c · Net income from fundraising events

    total -$21,705 · excluded -$21,705

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $96,600 · program services $96,600

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $287,159 · program services $269,929 · management and general $11,487 · fundraising $5,743

  • 8 · Pension plan contributions

    total $21,774 · program services $20,468 · management and general $871 · fundraising $435

  • 9 · Other employee benefits

    total $20,434 · program services $19,208 · management and general $817 · fundraising $409

  • 10 · Payroll taxes

    total $23,747 · program services $22,322 · management and general $950 · fundraising $475

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $18,609 · management and general $18,609

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $72,644 · program services $72,644

  • 13 · Office expenses

    total $14,614 · program services $14,614

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $217,278 · program services $217,278

  • 17 · Travel

    total $137,790 · program services $137,790

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $230,669 · program services $230,669

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $14,185 · program services $14,185

  • 24b · Other expenses: PRINTING AND PUBLISHING

    total $6,551 · program services $6,551

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,750 · end of year $4,300

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,467,139 · end of year $2,710,338

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $142,949 · end of year $145,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $90,325 · end of year $101,650

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,512,513 · end of year $2,746,468

  • 28 · Net assets with donor restrictions

    beginning of year $12,000 · end of year $12,000

Mission and programs · 2024

Mission

TO SUPPORT THE COBB COUNTY CHAMBER OF COMMERCE, INC. IN ACCOMPLISHING COMMUNITY DEVELOPMENT IN THE COBB COUNTY, GEORGIA AREA.

  • The Cobb county chamber of commerce foundation is a charitable organization, which in the discretion of the board of directors, will most effectively serve the needs and interests of the community of Cobb County, Georgia and its surrounding areas through its supporting role to the Cobb county chamber of commerce, inc.

    Expenses $586,208 · Grants $80,000 · Revenue $57,830

  • LEADING BY EXAMPLE ALLOWS LEADERSHIP COBB PARTICIPANTS TO DIRECTLY IMPACT THE COBB COMMUNITY. FIFTY DIVERSE AND QUALIFIED INDIVIDUALS ARE SELECTED ANNUALLY TO PARTICIPATE IN THIS LEADERSHIP DEVELOPMENT PROGRAM. LEADERSHIP COBB ENHANCES PERSONAL AND PROFESSIONAL GROWTH WHILE PARTICIPANTS GAIN AWARENESS OF CURRENT ISSUES, COMMUNITY RESOURCES AND THE SOCIAL, POLITICAL AND ECONOMIC NEEDS OF THE COMMUNITY.

    Expenses $394,071 · Grants $9,600 · Revenue $300,145

  • HONORARY COMMANDERS IS A COOPERATIVE EFFORT OF THE COBB CHAMBER OF COMMERCE, DOBBINS AIR RESERVE BASE (ARB), GENERAL LUCIUS D. CLAY NATIONAL GUARD CENTER, NAVY AND MARINE CORPS. THE HONORARY COMMANDERS ASSOCIATION ANNUALLY SELECTS COMMUNITY AND BUSINESS LEADERS AND PAIRS THEM WITH MILITARY COMMANDERS IN A YEAR-LONG PROGRAM, GIVING THOSE LEADERS THE OPPORTUNITY TO LEARN MORE ABOUT LOCAL MILITARY ACTIVITIES, THEIR IMPACT ON OUR ECONOMY AND VARIOUS ASPECTS OF THE NATIONAL DEFENSE SYSTEM.

    Expenses $141,979 · Grants $7,000 · Revenue $136,167

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sharon Mason

    Chamber President & CEO

    Total calculated
    $341,888
    From this org
    $0
    From related orgs
    $314,860
    Other
    $27,028
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $245,860 related
    Bonus
    not reported + $60,000 related
    Other
    not reported + $9,000 related
    Deferred
    not reported + $15,790 related
    Nontaxable benefits
    not reported + $12,541 related
    Filer's total
    not reported + $343,191 related

  • Dana Johnson

    Chamber COO & Exec. Dir.

    Total calculated
    $280,176
    From this org
    $0
    From related orgs
    $248,230
    Other
    $31,946
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $206,030 related
    Bonus
    not reported + $32,000 related
    Other
    not reported + $10,200 related
    Deferred
    not reported + $21,065 related
    Nontaxable benefits
    not reported + $12,088 related
    Filer's total
    not reported + $281,383 related

  • Terry DeWitt

    Foundation Board Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeff Fucito

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Plant

    CHAMBER BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charlie Barnwell

    AT-LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Bottoms

    AT-LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevan Espy

    AT-LARGE MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Loud

    At-Large Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Britt Fleck

    At-Large Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349321462

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