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Nonprofiteer
← PONTOTOC COUNTY CHAMBER OF COMMERCE INC

Form 990 for tax year 2023

Filed by PONTOTOC COUNTY CHAMBER OF COMMERCE INC.

Totals

Total revenue
$341,958
Total expenses
$319,193
Contributions and grants received
$142,628
Grants paid
$0
Program service revenue
$199,330
Investment income
$0
Other revenue
$0
Total assets, end of year
$139,226
Total liabilities, end of year
$2,538
Net assets or fund balances, end of year
$136,688
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $128,228

  • 1e · Government grants (contributions)

    $14,400

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $199,330 · related or exempt $199,330

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $101,534

  • 8 · Pension plan contributions

    total $4,491

  • 9 · Other employee benefits

    total $9,333

  • 10 · Payroll taxes

    total $7,731

  • 11c · Fees: accounting

    total $2,495

  • 12 · Advertising and promotion

    total $22,443

  • 13 · Office expenses

    total $21,928

  • 22 · Depreciation, depletion and amortization

    total $1,589

  • 23 · Insurance

    total $6,913

  • 24a · Other expenses: PROJECTS

    total $85,025

  • 24b · Other expenses: COMMUNITY EVENT EXPENSE

    total $17,252

  • 24c · Other expenses: STREET SWEEPERS

    total $9,840

  • 24d · Other expenses: CITY MISCELLANEOUS EXP.

    total $7,210

  • 24e · All other expenses

    total $21,409

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,751 · end of year $82,376

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

    $150,588

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

    $93,788

  • 10c · Land, buildings and equipment, net

    beginning of year $16,415 · end of year $56,800

  • 15 · Other assets

    beginning of year $50 · end of year $50

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,293 · end of year $2,538

  • 27 · Net assets without donor restrictions

    beginning of year $113,923 · end of year $136,688

Mission and programs · 2023

Mission

ECONOMIC AND COMMUNITY DEVELOPMENT PROGRAMS PROVIDE PROMOTIONAL SERVICES AND DISSEMINATION OF INFORMATION FOR ECONOMIC AND COMMUNITY DEVELOPMENT ON A COUNTYWIDE BASIS TO PROMOTE ECONOMIC INVESTMENT AND DEVELOPMENT IN PONTOTOC COUNTY BY ATTRACTING HIGHER PAYING JOBS AND ENCOURAGING COMMUNITY INVOLVEMENT. LEADERSHIP TRAINING PROGRAMS ARE AN INTENSIVE TRAINING PROGRAM DESIGNED TO DEVELOP LEADERSHIP ABILITIES AND AWARENESS OF BOTH ADULT AND YOUTH PARTICIPANTS THROUGH TRAINING SEMINARS, LECTURES AND PROJECT PARTICIPATION UNDER THE GUIDANCE OF COMMUNITY LEADERSHIP PROFESSIONALS AND EDUCATORS. CHAMBER DEVELOPMENT CONSISTS OF EDUCATIONAL SEMINARS AND PROMOTIONAL MATERIALS DESIGNED TO ENHANCE THE EFFECTIVENESS OF SERVICES PROVIDED TO BUSINESSES AND THE COMMUNITY AND TO PROMOTE AWARENESS OF SERVICE OPPORTUNITIES AVAILABLE THROUGH THE CHAMBER OF COMMERCE.

  • PROGRAM SERVICE REVENUE

  • PROGRAM SERVICE EXPENSES

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LEAH MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40

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
3 March 2025
IRS schema version
2023v6.0
Source object
202512279349300541

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