Cherokee Chambers Of Commerce in Cherokee, North Carolina (NC)
Table of contents:
Cherokee Chambers Of Commerce | |
Employer Identification Number (EIN) | 020760066 |
Name of Organization | Cherokee Chambers Of Commerce |
Address | PO BOX 1838, Cherokee, NC 28719-1838 |
Subsection | Board of Trade |
Ruling Date | 03/2008 |
Deductibility | Contributions are not deductible |
Foundation | All organizations except 501(c)(3) |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 06/2014 |
Assets | $10,000 to $24,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $18,394 |
Amount of Income | $129,330 |
Form 990 Revenue Amount | $91,583 |
National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2014: $129,330 (it was $29,327 in 2013)
Cherokee Chambers Of Commerce: | $129,330 |
Other organizations performing similar types of work: | $88,861 |
Assets in 2014: $18,394 (it was $6,294 in 2013)
This organization: | $18,394 |
Other organizations performing similar types of work: | $51,691 |
Expenses in 2014: $94,279
This organization: | $94,279 |
Other organizations performing similar types of work: | $80,127 |
Income to expenses ratio in 2014: 1.4
Cherokee Chambers Of Commerce: | 1.4 |
Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2014: 0.0%
Cherokee Chambers Of Commerce: | 0.0% |
Other organizations performing similar types of work: | 1.0% |
Revenue for 2014
Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
2011 | 2012 | 2013 | 2014 | |
---|---|---|---|---|
Total revenue | $64,283 | $158,566 | $29,327 | $91,583 |
Contributions, gifts, grants, and similar amounts received | $36,118 | $43,000 | $0 | $0 |
Program service revenue including government fees and contracts | $0 | $91,934 | $21,564 | $94,410 |
Membership dues and assessments | $47,053 | $0 | $0 | $0 |
Investment income | $210 | $0 | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $-19,098 | $23,632 | $7,763 | $-2,827 |
Gross income from gaming | $0 | $0 | $0 | $0 |
Gross income from fundraising events | $20,617 | $63,366 | $52,834 | $34,920 |
Less: direct expenses from gaming and fundraising events | $39,715 | $39,734 | $45,071 | $37,747 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 | $0 |
Total expenses | $95,682 | $161,228 | $80,179 | $94,279 |
Total net assets | $56,932 | $54,270 | $3,418 | $722 |
Excess/Deficit for the year | $-31,399 | $-2,662 | $-50,852 | $-2,696 |
Net assets or fund balances at beginning of year | $88,331 | $56,932 | $54,270 | $3,418 |
Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
Net assets or fund balances at end of year | $54,270 | $3,418 | $722 |
Balance Sheets | ||||
2011 | 2012 | 2013 | 2014 | |
---|---|---|---|---|
Total assets | $65,330 | $65,008 | $6,294 | $18,394 |
Total liabilities | $8,398 | $10,738 | $2,876 | $17,672 |
Net assets or fund balances | $56,932 | $54,270 | $3,418 | $722 |
Other Information | ||||
2011 | 2012 | 2013 | 2014 | |
---|---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
Were any significant changes made to the organizing or governing documents? | No | No | No | |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
Has the organization filed a Form 990-T for the year? | No | No | No | |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
Did the organization file Form 1120-POL for this year? | No | No | No | |
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
Total amount involved | $0 | $0 | $0 | |
Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
Reason for Public Charity Status (for 2014) | |
The organization is not a private foundation because it is: | Not provided |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Retail Merchant Assn Of Tidewater Va Inc, Ta Retail Alliance | 838 Granby St, Norfolk, VA 23510-2051 | VA | 2008-09 | $17,149,516 |
2 | San Joaquin Valley Winegrowers Association | 7030 N Fruit Avenue, Fresno, CA 93711-0782 | CA | 2008-11 | $175,202 |
3 | 441 Heritage Corridor Inc | 300 North Thomas Street, Athens, GA 30601 | GA | 2000-07 | $56,377 |
4 | Serc Reliability Corporation | 3701 Arco Corporate Dr Ste 300, Charlotte, NC 28273-0401 | NC | 2014-11 | $14,295,142 |
5 | North American Transmission Forum Inc | 9300 Harris Corners Pkwy Ste 300, Charlotte, NC 28269-3798 | NC | 2009-10 | $4,195,670 |
6 | Oracle Development Tools User Group Inc | 2520 Independence Blvd, Wilmington, NC 28412-2570 | NC | 2012-06 | $2,037,686 |
7 | Envirocert Group Exemption | 49 State St, Marion, NC 28752-4020 | NC | 2010-03 | $962,372 |
8 | Association Of Lens Crafters Leaseholding Doctors Inc, All Docs | 3509 Haworth Dr Ste 208, Raleigh, NC 27609-7223 | NC | 2010-02 | $958,219 |
9 | The North Carolina Nursery & Landscape Association Inc | 968 Trinity Rd, Raleigh, NC 27607-4940 | NC | 1982-09 | $922,269 |
10 | Professional Life Advisors Network Ltd, Plan | 2820 Selwyn Ave Ste 450, Charlotte, NC 28209-1790 | NC | 2013-03 | $438,667 |
11 | National Organization Of Rheumatology Managers | 1121 Military Cutoff No 337, Wilmington, NC 28405-3968 | NC | 2012-06 | $385,250 |
12 | Envirocert International Inc | 49 State St, Marion, NC 28752-4020 | NC | 2010-03 | $348,631 |
13 | South Carolina Retail Association | PO BOX 1030, Raleigh, NC 27602-1030 | NC | 2006-12 | $295,591 |
14 | Southern Atlantic Healthcare Alliance | 125 Edinburgh South Dr, Cary, NC 27511-6484 | NC | 2007-03 | $265,921 |
15 | Trebic Inc | 115 S Westgate Dr, Greensboro, NC 27407-1623 | NC | 1999-11 | $248,536 |
16 | Pinehurst Southern Pines Area Board Of Realtors Inc | 140 Turner St, Southern Pnes, NC 28387-7053 | NC | 2009-11 | $233,422 |
17 | Sustainable Furniture Council Inc | 100 East King St Suite 1, Edenton, NC 27932-1956 | NC | 2009-03 | $220,608 |
18 | North American Pet Insurance Association | PO BOX 37940, Raleigh, NC 27627-7940 | NC | 2013-04 | $211,425 |
19 | Nort C Defense Business Assoc | 3820 Raeford Rd, Fayetteville, NC 28304-3436 | NC | 2011-01 | $208,758 |
20 | National Optometric Association | 5009 Beatties Ford Rd Ste 107, Charlotte, NC 28216-2860 | NC | 2010-08 | $208,284 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 17,957 |
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