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Nonprofiteer
← YANCEY COUNTY-BURNSVILLE CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by YANCEY COUNTY-BURNSVILLE CHAMBER OF COMMERCE.

Totals

Total revenue
$445,170
Total expenses
$397,449
Contributions and grants received
$395,967
Grants paid
$23,103
Program service revenue
$10,519
Investment income
$0
Other revenue
$38,684
Total assets, end of year
$313,089
Total liabilities, end of year
$86
Net assets or fund balances, end of year
$313,003
Program services expenses (Part IX)
$367,126
Management and general expenses
$21,428
Fundraising expenses
$8,895
Program service expenses (Part III)
not reported

Program services were 92.4% 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

    $32,932

  • 1c · Fundraising events

    $23,219

  • 1e · Government grants (contributions)

    $339,816

  • 2a · Program service revenue: Event Income

    total $10,519 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $52,900

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

    $23,219

  • 8b · Fundraising events: direct expenses

    $14,216

  • 8c · Net income from fundraising events

    total $38,684 · unrelated business $0 · excluded $38,684

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,103 · program services $22,103

  • 2 · Grants to domestic individuals

    total $1,000 · program services $1,000

  • 5 · Compensation of officers, directors and key employees

    total $55,423 · program services $44,338 · management and general $11,085 · fundraising $0

  • 7 · Other salaries and wages

    total $11,898 · program services $11,790 · management and general $108 · fundraising $0

  • 10 · Payroll taxes

    total $1,909 · program services $1,527 · management and general $382 · fundraising $0

  • 11c · Fees: accounting

    total $1,700 · program services $0 · management and general $1,700 · fundraising $0

  • 11g · Fees: other

    total $29,285 · program services $29,105 · management and general $180 · fundraising $0

  • 12 · Advertising and promotion

    total $231,257 · program services $231,182 · management and general $56 · fundraising $19

  • 13 · Office expenses

    total $4,118 · program services $3,295 · management and general $787 · fundraising $36

  • 14 · Information technology

    total $8,563 · program services $6,997 · management and general $1,546 · fundraising $20

  • 16 · Occupancy

    total $6,713 · program services $5,370 · management and general $1,343 · fundraising $0

  • 17 · Travel

    total $1,174 · program services $939 · management and general $235 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,689 · program services $2,151 · management and general $538 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $5,524 · program services $4,420 · management and general $1,104 · fundraising $0

  • 23 · Insurance

    total $2,677 · program services $698 · management and general $1,979 · fundraising $0

  • 24a · Other expenses: Dues and Subscriptions

    total $1,850 · program services $1,480 · management and general $370 · fundraising $0

  • 24b · Other expenses: Chamber Member Events

    total $671 · program services $671 · management and general $0 · fundraising $0

  • 24c · Other expenses: Fundraising Expenses

    total $8,820 · program services $0 · management and general $0 · fundraising $8,820

  • 24d · Other expenses: Miscellaneous

    total $75 · program services $60 · management and general $15 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,069 · end of year $242,245

  • 2 · Savings and temporary cash investments

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

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

    $96,242

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

    $51,820

  • 10c · Land, buildings and equipment, net

    beginning of year $49,947 · end of year $44,422

  • 17 · Accounts payable and accrued expenses

    beginning of year $256 · end of year $86

  • 24 · Unsecured notes and loans payable

    beginning of year $11,900

  • 27 · Net assets without donor restrictions

    beginning of year $265,282 · end of year $313,003

Mission and programs · 2022

Mission

The mission of the Burnsville-Yancey County Chamber of Commerce is to represent the business community by promoting a vital, sustainable economy while safeguarding the high quality of life, heritage, and uniqueness of our community.

  • Business Education Programming - Ten breakfast education programs made up the education programming for the Chamber in 2022.

  • Business After Hours - Ten business networking events were hosted at various businesses throughout the county providing members with opportunities to make connections and build business

  • Mount Mitchell Arts & Crafts Fair - A 2-day event drawing nearly 30,000 visitors from across the region and promoting local artists offers an opportunity for increased tourism and retail sales.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christine Kay Wood

    Executive Director

    Total calculated
    $55,911
    From this org
    $52,609
    From related orgs
    $0
    Other
    $3,302
    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

  • Kari Weaver

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Susan Buchanan

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Joyce Watts

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Hall

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Kavita Hardy

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Tal Galton

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Kathy Gunter

    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

  • The Old Timey Fall Festival

    $6,723

    Fund 501(c)3 start up

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349317872

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