Form 990 for tax year 2024
Filed by OUTER BANKS CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $448,468
- Total expenses
- $454,888
- Contributions and grants received
- $324,991
- Grants paid
- $250
- Program service revenue
- $123,127
- Investment income
- $350
- Other revenue
- $0
- Total assets, end of year
- $333,802
- Total liabilities, end of year
- $139,101
- Net assets or fund balances, end of year
- $194,701
- Program services expenses (Part IX)
- $161,677
- Management and general expenses
- $231,769
- Fundraising expenses
- $61,442
- Program service expenses (Part III)
- $161,677
Program services were 35.5% 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.
-
1b · Membership dues
$237,437
-
1c · Fundraising events
$87,305
-
1f · All other contributions, gifts and grants
$249
-
2a · Program service revenue: Unrelated Bus Inc
total $53,190 · unrelated business $53,190
-
2f · All other program service revenue
total $69,937 · related or exempt $69,937
-
3 · Investment income
total $350 · excluded $350
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $250 · program services $250
-
6 · Compensation of disqualified persons
total $234,027 · program services $114,674 · management and general $98,292 · fundraising $21,061
-
9 · Other employee benefits
total $18,210 · program services $9,421 · management and general $7,238 · fundraising $1,551
-
10 · Payroll taxes
total $17,994 · program services $8,817 · management and general $7,558 · fundraising $1,619
-
11c · Fees: accounting
total $1,200 · management and general $1,200
-
13 · Office expenses
total $23,072 · management and general $23,072
-
14 · Information technology
total $21,426 · management and general $21,426
-
16 · Occupancy
total $27,865 · management and general $27,865
-
20 · Interest
total $637 · management and general $637
-
22 · Depreciation, depletion and amortization
total $7,730 · management and general $7,730
-
23 · Insurance
total $12,197 · management and general $12,197
-
24a · Other expenses: Fundraising event expense
total $37,211 · fundraising $37,211
-
24b · Other expenses: Unrelated bus expenses
total $15,324 · management and general $15,324
-
24c · Other expenses: Bank fees
total $9,230 · management and general $9,230
-
24d · Other expenses: Program expenses
total $28,515 · program services $28,515
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $222,605 · end of year $167,536
-
2 · Savings and temporary cash investments
beginning of year $20,606 · end of year $20,818
-
9 · Prepaid expenses and deferred charges
beginning of year $14,373 · end of year $17,404
-
10a · Land, buildings and equipment: cost or other basis
$586,443
-
10b · Land, buildings and equipment: accumulated depreciation
$458,399
-
10c · Land, buildings and equipment, net
beginning of year $96,843 · end of year $128,044
-
17 · Accounts payable and accrued expenses
beginning of year $22,704 · end of year $22,765
-
19 · Deferred revenue
beginning of year $128,214 · end of year $116,336
-
23 · Secured mortgages and notes payable
beginning of year $2,388
-
27 · Net assets without donor restrictions
beginning of year $201,121 · end of year $194,701
-
31 · Retained earnings, endowment or other funds
beginning of year $201,121 · end of year $194,701
Mission and programs · 2024
Mission
Empower the Outer Banks business community by promoting and developing economic prosperity.
Activities or mission (Part I)
Empower the Outer Banks business community by promoting and developing economic prosperity
-
Membership services include distribute brochures & directories on the Outer Banks. Respond to inquiries and general promotion of the area. Approx. 1000 members.
Expenses $161,677
As filed on the 2024 return.
Listed in Part VII
-
Karen BrownKAREN BROWN
President
- Total calculated
- $100,202
- From this org
- $100,202
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Richard HessRICHARD HESS
ExOfficio
- Total calculated
- $0
- Hours/week
- 1
-
Scott DemasseSCOTT DEMASSE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Melissa HarrisonMELISSA HARRISON
Div Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Caroline BasnightCAROLINE BASNIGHT
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Robert DefazioROBERT DEFAZIO
Chairman of the Board
- Total calculated
- $0
- Hours/week
- 1
-
Myra Ladd-BoneMYRA LADD-BONE
ExOfficio
- Total calculated
- $0
- Hours/week
- 1
-
Larry BarkerLARRY BARKER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jim GilreathJIM GILREATH
Immediate Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
Tess JudgeTESS JUDGE
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Thomas BruceTHOMAS BRUCE
Div Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Lynne MilesLYNNE MILES
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Nick GrahamNICK GRAHAM
ChairElect
- Total calculated
- $0
- Hours/week
- 1
-
Bob PeeleBOB PEELE
Div Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Laurel HartLAUREL HART
Div Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Aida HavelAIDA HAVEL
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Pam AndersonPAM ANDERSON
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Matt ByrneMATT BYRNE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sonya SikesSONYA SIKES
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Hunter SmithwickHUNTER SMITHWICK
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John WrightJOHN WRIGHT
Trustee
- Total calculated
- $0
- Hours/week
- 1
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
- 2024
- Filed
- 14 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502879349301010
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.