FORSYTH COUNTY CHAMBER INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FORSYTH COUNTY CHAMBER INC (EIN 58-1048245)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-10
IRS object ID
202513149349305801
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-10T16:53:39-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN853025717PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1THELEN FINANCIAL INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16250 SHILOH RD SUITE 235AddressLine1Txt
CityALPHARETTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30005ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN581048245EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FORSYTH COUNTY CHAMBERBusinessNameLine1Txt
Business Name Line2OF COMMERCE INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFORSBusinessNameControlTxt
Phone7708876461PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1799AddressLine1Txt
CityCUMMINGCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30028ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALEX WARNERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7708876461PhoneNum
Signature2025-11-10SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPETER THELENPreparerPersonNm
PTINP01774454PTIN
Phone6785266885PhoneNum
Preparation2025-11-04PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerALEX WARNERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1799AddressLine1Txt
CityCUMMINGCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30028ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,436,237GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.CUMMINGFORSYTHCHAMBER.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1954FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionTHE FORSYTH COUNTY CHAMBER OF COMMERCE LEADS FORSYTH COUNTY'S ECONOMIC, COMMUNITY AND WORKFORCE DEVELOPMENT EFFORTS WHILE PROMOTING THE AREA AS A PREMIER DESTINATION TO LIVE, WORK VISIT AND INVEST. THROUGH INTENTIONAL COLLABORATION, ADVOCACY, AND INNOVATION, THE CHAMBER DRIVES OPPORTUNITIES THAT STRENGTHEN BUSINESSES, CREATE PROSPERITY, AND ENHANCE THE COMMUNITY'S QUALITY OF LIFE.ActivityOrMissionDesc
Voting Members Governing Body61VotingMembersGoverningBodyCnt
Voting Members Independent61VotingMembersIndependentCnt
Total Employee16TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$266,271CYContributionsGrantsAmt
PY Program Service Revenue$2,564,630PYProgramServiceRevenueAmt
CY Program Service Revenue$3,169,966CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,564,630PYTotalRevenueAmt
CY Total Revenue$3,436,237CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,609,866PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,585,454CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,000,029PYOtherExpensesAmt
CY Other Expenses$1,215,666CYOtherExpensesAmt
PY Total Expenses$2,609,895PYTotalExpensesAmt
CY Total Expenses$2,801,120CYTotalExpensesAmt
PY Revenues Less Expenses-$45,265PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$635,117CYRevenuesLessExpensesAmt
Total Assets BOY$985,252TotalAssetsBOYAmt
Total Assets EOY$1,360,073TotalAssetsEOYAmt
Total Liabilities BOY$937,527TotalLiabilitiesBOYAmt
Total Liabilities EOY$807,501TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$47,725NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$552,572NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE FORSYTH COUNTY CHAMBER OF COMMERCE LEADS FORSYTH COUNTY'S ECONOMIC, COMMUNITY AND WORKFORCE DEVELOPMENT EFFORTS WHILE PROMOTING THE AREA AS A PREMIER DESTINATION TO LIVE, WORK VISIT AND INVEST. THROUGH INTENTIONAL COLLABORATION, ADVOCACY, AND INNOVATION, THE CHAMBER DRIVES OPPORTUNITIES THAT STRENGTHEN BUSINESSES, CREATE PROSPERITY, AND ENHANCE THE COMMUNITY'S QUALITY OF LIFE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,001,910ExpenseAmt
DescTHROUGH THE FINANCIAL SUPPORT OF ITS MEMBERS, THE ORGANIZATION ANSWERS INQUIRIES FROM STATES, TERRITORIES, & FOREIGN COUNTRIES AND PROVIDES INFORMATION TO VISITORS AND NEWCOMERS REGARDING LOCAL BUSINESSES, PRODUCTS AND SERVICES.Desc
Total Program Service Expenses$2,001,910TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxYes (true)SubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee16EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members61GoverningBodyVotingMembersCnt
Independent Voting Member61IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonALEX WARNERPersonNm
Phone7708876461PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1799AddressLine1Txt
CityCUMMINGCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30028ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (50 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtKey EmployeeKeyEmployeeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerInd
ALEX WARNER
PRESIDENT40.00Yes (X)$197,515$0$0
STEVE COOPER
CHAIRMAN2.00$0$0$0Yes (X)Yes (X)
JAN ROONEY
FIRST CHAIR2.00$0$0$0Yes (X)Yes (X)
CHRIS BRAUN
SECOND CHAIR2.00$0$0$0Yes (X)Yes (X)
DREW WALKER
PAST CHAIRMA2.00$0$0$0Yes (X)Yes (X)
DEREK BROOKS
PAST CHAIRMA2.00$0$0$0Yes (X)Yes (X)
SCOTT JORDAN
SECRETARY2.00$0$0$0Yes (X)Yes (X)
CHARLES EMERT
TREASURER2.00$0$0$0Yes (X)Yes (X)
MARVIN WILLIS
DIRECTOR2.00$0$0$0Yes (X)
RICK LOWE
DIRECTOR2.00$0$0$0Yes (X)
ADAM RODES
DIRECTOR2.00$0$0$0Yes (X)
PEARL CAI
DIRECTOR2.00$0$0$0Yes (X)
BERT DURAND
DIRECTOR2.00$0$0$0Yes (X)
PAT MALANEY
DIRECTOR2.00$0$0$0Yes (X)
STEVE RYERSE
DIRECTOR2.00$0$0$0Yes (X)
AMITA DHAWAN
DIRECTOR2.00$0$0$0Yes (X)
CHRIS ETHERIDGE
DIRECTOR2.00$0$0$0Yes (X)
BRIAN TAM
DIRECTOR2.00$0$0$0Yes (X)
ALISSA TANNER
DIRECTOR2.00$0$0$0Yes (X)
LEIGH ANN CANNADY
DIRECTOR2.00$0$0$0Yes (X)
KRISTEN COOK
DIRECTOR2.00$0$0$0Yes (X)
MATT MCCLURE
DIRECTOR2.00$0$0$0Yes (X)
PARISH PATEL
DIRECTOR2.00$0$0$0Yes (X)
MARK THOMPSON
DIRECTOR2.00$0$0$0Yes (X)
ALFRED JOHN
DIRECTOR2.00$0$0$0Yes (X)
TROY BRUMBALOW
DIRECTOR2.00$0$0$0Yes (X)
KEN CROWE
DIRECTOR2.00$0$0$0Yes (X)
TIM MCDONALD
DIRECTOR2.00$0$0$0Yes (X)
JODIE HART
DIRECTOR2.00$0$0$0Yes (X)
BRANDON HARTLEY
DIRECTOR2.00$0$0$0Yes (X)
BLAKE HOUSE
DIRECTOR2.00$0$0$0Yes (X)
MARY HELEN MCGRUNDER
DIRECTOR2.00$0$0$0Yes (X)
KARL MERCER
DIRECTOR2.00$0$0$0Yes (X)
MARK BOND
DIRECTOR2.00$0$0$0Yes (X)
LYNN JACKSON
DIRECTOR2.00$0$0$0Yes (X)
ANN-MARGARET JOHNSTON
DIRECTOR2.00$0$0$0Yes (X)
TRACY MOON
DIRECTOR2.00$0$0$0Yes (X)
CARTER PATTERSON
DIRECTOR2.00$0$0$0Yes (X)
DAVID SEAGO
DIRECTOR2.00$0$0$0Yes (X)
BRETT RUSSELL
DIRECTOR2.00$0$0$0Yes (X)
JOHN MCDONALD
DIRECTOR2.00$0$0$0Yes (X)
RUSS WHEELER
DIRECTOR2.00$0$0$0Yes (X)
MARGUERITE MASHBURN
DIRECTOR2.00$0$0$0Yes (X)
PATRICK ABAD
DIRECTOR2.00$0$0$0Yes (X)
TYLER THURMOND
DIRECTOR2.00$0$0$0Yes (X)
TEDDY RUSSELL
DIRECTOR2.00$0$0$0Yes (X)
MATT REID
DIRECTOR2.00$0$0$0Yes (X)
JENNIFER CLIFTON
DIRECTOR2.00$0$0$0Yes (X)
BERND DEFFLAND
DIRECTOR2.00$0$0$0Yes (X)
STEVE LEIBEL
DIRECTOR2.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$197,515TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$266,271GovernmentGrantsAmt
Total Contributions$266,271TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FOCO COMMUNITY DEV PROGRAMS$1,531,894$1,531,894
ECONOMIC DEVELOPMENT$926,220$926,220
MEMBERSHIP SERVICES$636,390$636,390
FC ED/TOURISM$75,462$75,462
FieldValueIRS element (for citing)
Total Program Service Revenue$3,169,966TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,436,237TotalRevenueColumnAmt
Related Or Exempt Func Income$3,169,966RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$197,515TotalAmt
Management And General$197,515ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,095,393TotalAmt
Program Services$971,839ProgramServicesAmt
Management And General$123,554ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$52,037TotalAmt
Program Services$47,637ProgramServicesAmt
Management And General$4,400ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$114,315TotalAmt
Program Services$107,425ProgramServicesAmt
Management And General$6,890ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$126,194TotalAmt
Program Services$112,085ProgramServicesAmt
Management And General$14,109ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$18,500TotalAmt
Management And General$18,500ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$93,633TotalAmt
Program Services$77,633ProgramServicesAmt
Management And General$16,000ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$210,536TotalAmt
Program Services$210,536ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$21,127TotalAmt
Management And General$21,127ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$78,165TotalAmt
Management And General$78,165ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$130,627TotalAmt
Management And General$130,627ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$32,501TotalAmt
Program Services$12,154ProgramServicesAmt
Management And General$20,347ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$361,210TotalAmt
Program Services$361,210ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$15,538TotalAmt
Management And General$15,538ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$23,694TotalAmt
Program Services$23,694ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$10,387TotalAmt
Management And General$10,387ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
DUES & SUBSCRPTIONS$101,059$77,697$23,362
PROFFESIONAL DEVELOPMENT$67,644$67,644
OTHER EXPENSES$51,045$51,045

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,801,120TotalAmt
Program Services$2,001,910ProgramServicesAmt
Management And General$799,210ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$220,261BOYAmt
EOY$233,246EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$117,315BOYAmt
EOY$521,862EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$15,137BOYAmt
EOY$15,189EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$227,585LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$141,067LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$103,271BOYAmt
EOY$86,518EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$1,050BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$528,218BOYAmt
EOY$503,258EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$985,252BOYAmt
EOY$1,360,073EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,730BOYAmt
EOY$48,513EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$383,640BOYAmt
EOY$318,491EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$141,574BOYAmt
EOY$141,574EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$406,583BOYAmt
EOY$298,923EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$937,527BOYAmt
EOY$807,501EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$47,725BOYAmt
EOY$552,572EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$47,725BOYAmt
EOY$552,572EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$985,252BOYAmt
EOY$1,360,073EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$635,117ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$130,263PriorPeriodAdjustmentsAmt
Other Changes In Net Assets-$7OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondedfalseSubstantiallyAllDuesNondedInd
Only In House LobbyingfalseOnlyInHouseLobbyingInd
Agree Carryover Prior YearfalseAgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
RIGHT TO USE (LEASE ASSET)$294,639
OTHER RECEIVABLE$208,619
FieldValueIRS element (for citing)
Total Book Value Other Assets$503,258TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE LIABILITYDesc
Amt$298,923Amt
FieldValueIRS element (for citing)
Total Liability$298,923TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,436,237TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$3,436,237RevenueSubtotalAmt
Total Revenue Per Form990$3,436,237TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,801,127TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$7OtherExpensesIncludedAmt
Expenses Not Reported$7ExpensesNotReportedAmt
Expenses Subtotal$2,801,120ExpensesSubtotalAmt
Total Expenses Per Form990$2,801,120TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 3, PART XTHE CHAMBER QUAILIFIED AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN THE INTERNAL REVENUE CODE SEC 501(C)6. IN ADDITION, THE CHAMBER QUALIFIED FOR THE CHARITABLE CONTIBUTION DEDUCTION UNDER SECTION 170(B)(I)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUDNATION UNDER SECTION 509(A)(2). ACCORDINGLY, NO PROVISIONS FOR INCOME TAX HAVE BEEN MADE IN THE ACCOMPANYING FINANICAL STATEMENTS. THE CHAMBER IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON CERTAIN INCOME NOT DIRECTLY RELATED TO THE CHAMBERS EXEMPT PURPOSE. IN THE OPINION OF MANAGEMENT, THE CHAMBER DID NOT HAVE ANY UNRELATED BUSINESS INCOME TAX LIABLITIES AT DECEMBER 31,2024. FASB ASC TOPIC 740, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTIAN TAX POSTIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN FINANCIAL STATEMENTS. THE CHAMBER EVALUATES ITS UNCERTIAN TAX POSTIONS USING THE PROVISIONS OF FASB ASC TOPIC 450, CONTINGENCIES. MANAGEMENT BELIEVES THERE ARE NOT MATERIAL ESTIMATES OR AMOUTNS RELATING TO UNCERTIAN TAX POSTIONS THAT SHOULD BE ACCRUED AT OF DECEMBER 31, 2024.
SCHEDULE D, PAGE 4, PART XII, LINE 2DBOOK / TAX DEPRECIATION DIFFERENCE 7

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonALEX WARNERPersonNm
TitlePRESIDENTTitleTxt
Base Compensation Filing Org$197,515BaseCompensationFilingOrgAmt
Total Compensation Filing Org$197,515TotalCompensationFilingOrgAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE FORSYTH COUNTY CHAMBER OF COMMERCE LEADS FORSYTH COUNTY'S ECONOMIC, COMMUNITY AND WORKFORCE DEVELOPMENT EFFORTS WHILE PROMOTING THE AREA AS A PREMIER DESTINATION TO LIVE, WORK VISIT AND INVEST. THROUGH INTENTIONAL COLLABORATION, ADVOCACY, AND INNOVATION, THE CHAMBER DRIVES OPPORTUNITIES THAT STRENGTHEN BUSINESSES, CREATE PROSPERITY, AND ENHANCE THE COMMUNITY'S QUALITY OF LIFE.
FORM 990, PAGE 6, PART VI, LINE 11BFORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATIONS TOP MANAGEMENT. THE REVIEWED FORM 990 IS THAN FORWARDED TO THE BOARD FOR REVIEW AND APPROCAL PRIOR TO FILING WITH THE IRS.
FORM 990, PAGE 6, PART VI, LINE 15AALL TOP OFFICIALS SALAREIS ARE AUTHORIZED BY THE PRESIDENT AND OR BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 15BALL TOP OFFICIALS SALAREIS ARE AUTHORIZED BY THE PRESIDENT AND OR BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 19AVAILABLE UPON REQUEST
FORM 990, PART XI, LINE 9BOOK / TAX DEPRECIATION DIFFERENCE -7

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.