Franklin Area Chamber Of Commerce Inc

Franklin, NC
Tax-exempt since Feb. 1989
EIN: 56-0902302

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Revenue

$972k (2023)

Expenses

$665k (2023)

Total Assets

$1.75M (2023)

Total Liabilities

$153k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$972,151

Expenses

$664,784

Net Income

$307,367

Net Assets

$1,601,595

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$153,007	15.7%
Program Services	$660,971	68.0%
Investment Income	$69	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$17,600	1.8%
Net Fundraising	$23,972	2.5%
Sales of Assets	$0
Net Inventory Sales	$21,530	2.2%
Other Revenue	$95,002	9.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$56,950	8.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$87,278	13.1%

Assets/Debt
Total Assets	$1,754,524
Total Liabilities	$152,929
Net Assets	$1,601,595

Compensation

Key Employees and Officers	Compensation	Related	Other
Linda C Harbuck (Executive Director)	$56,950	$0	$0
Martha D Baldwin (Amdinistrative Asst)	$44,661	$0	$0
Cynthia L Cavendar (Marketing Director)	$42,617	$0	$0

990

Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$800,131

Expenses

$547,550

Net Income

$252,581

Net Assets

$1,294,228

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$126,572	15.8%
Program Services	$619,175	77.4%
Investment Income	$36	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$18,700	2.3%
Net Fundraising	$12,664	1.6%
Sales of Assets	$0
Net Inventory Sales	$22,984	2.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$54,286	9.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$87,930	16.1%

Assets/Debt
Total Assets	$1,457,874
Total Liabilities	$163,646
Net Assets	$1,294,228

Compensation

Key Employees and Officers	Compensation	Related	Other
Linda C Harbuck (Executive Director)	$54,286	$0	$0
Martha D Baldwin (Amdinistrative Asst)	$43,343	$0	$0
Cynthia L Cavendar (Marketing Director)	$41,358	$0	$0
Carol A Olson (Receptionist)	$3,229	$0	$0

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990

Filed on May 8, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$761,527

Expenses

$431,196

Net Income

$330,331

Net Assets

$1,041,647

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$143,283	18.8%
Program Services	$556,891	73.1%
Investment Income	$44	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,125	2.1%
Net Fundraising	$15,756	2.1%
Sales of Assets	$0
Net Inventory Sales	$29,428	3.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$52,749	12.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$84,736	19.7%

Assets/Debt
Total Assets	$1,210,744
Total Liabilities	$169,097
Net Assets	$1,041,647

Compensation

Key Employees and Officers	Compensation	Related	Other
Linda C Harbuck (Executive Director)	$52,749	$0	$0
Martha D Baldwin (Amdinistrative Asst)	$41,602	$0	$0
Cynthia L Cavendar (Marketing Director)	$39,745	$0	$0
Carol A Olson (Receptionist)	$3,389	$0	$0

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990

Filed on May 12, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$578,629

Expenses

$428,646

Net Income

$149,983

Net Assets

$711,316

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$143,935	24.9%
Program Services	$393,579	68.0%
Investment Income	$42	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$14,525	2.5%
Net Fundraising	$6,320	1.1%
Sales of Assets	$0
Net Inventory Sales	$20,228	3.5%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$52,749	12.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$90,644	21.1%

Assets/Debt
Total Assets	$890,096
Total Liabilities	$178,780
Net Assets	$711,316

Compensation

Key Employees and Officers	Compensation	Related	Other
Linda C Harbuck (Executive Director)	$52,749	$0	$0
Martha D Baldwin (Amdinistrative Asst)	$41,602	$0	$0
Cynthia L Cavendar (Marketing Director)	$39,745	$0	$0
Susan R Schlatter (Receptionist)	$6,516	$0	$0
Carol A Olson (Receptionist)	$2,781	$0	$0

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990

Filed on May 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$525,562

Expenses

$436,118

Net Income

$89,444

Net Assets

$561,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$112,792	21.5%
Program Services	$359,667	68.4%
Investment Income	$70	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$14,250	2.7%
Net Fundraising	$17,585	3.3%
Sales of Assets	$0
Net Inventory Sales	$21,198	4.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$52,005	11.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$90,550	20.8%

Assets/Debt
Total Assets	$748,676
Total Liabilities	$187,343
Net Assets	$561,333

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$468,920

Expenses

$409,852

Net Income

$59,068

Net Assets

$471,889

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$112,243	23.9%
Program Services	$302,170	64.4%
Investment Income	$75	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$12,350	2.6%
Net Fundraising	$22,754	4.9%
Sales of Assets	$0
Net Inventory Sales	$19,328	4.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$86,425	21.1%

Assets/Debt
Total Assets	$668,307
Total Liabilities	$196,418
Net Assets	$471,889

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$481,731

Expenses

$465,087

Net Income

$16,644

Net Assets

$412,821

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$103,692	21.5%
Program Services	$300,381	62.4%
Investment Income	$19	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,000	1.9%
Net Fundraising	$14,768	3.1%
Sales of Assets	$0
Net Inventory Sales	$53,871	11.2%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$49,351	10.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$83,703	18.0%

Assets/Debt
Total Assets	$610,644
Total Liabilities	$197,823
Net Assets	$412,821

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$405,175

Expenses

$382,307

Net Income

$22,868

Net Assets

$398,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$91,145	22.5%
Program Services	$287,611	71.0%
Investment Income	$19	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$21,983	5.4%
Sales of Assets	$0
Net Inventory Sales	$4,417	1.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$47,944	12.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$78,094	20.4%

Assets/Debt
Total Assets	$400,656
Total Liabilities	$1,999
Net Assets	$398,657

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2015

Revenue

$366,926

Expenses

$330,861

Net Income

$36,065

Net Assets

$375,789

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$90,192	24.6%
Program Services	$246,632	67.2%
Investment Income	$14	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$24,816	6.8%
Sales of Assets	$0
Net Inventory Sales	$5,272	1.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$47,977	14.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$79,282	24.0%

Assets/Debt
Total Assets	$378,372
Total Liabilities	$2,583
Net Assets	$375,789

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2014

Revenue

$329,084

Expenses

$318,180

Net Income

$10,904

Net Assets

$339,724

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$95,285	29.0%
Program Services	$207,511	63.1%
Investment Income	$15	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$23,495	7.1%
Sales of Assets	$0
Net Inventory Sales	$2,778	0.8%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$47,978	15.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$79,734	25.1%

Assets/Debt
Total Assets	$342,417
Total Liabilities	$2,693
Net Assets	$339,724

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2013

Revenue

$330,829

Expenses

$299,045

Net Income

$31,784

Net Assets

$328,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$97,912	29.6%
Program Services	$205,698	62.2%
Investment Income	$15	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$23,110	7.0%
Sales of Assets	$0
Net Inventory Sales	$4,094	1.2%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$47,351	15.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$78,616	26.3%

Assets/Debt
Total Assets	$329,953
Total Liabilities	$1,133
Net Assets	$328,820

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2012

Revenue

$350,208

Expenses

$329,851

Net Income

$20,357

Net Assets

$297,036

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$115,048	32.9%
Program Services	$203,696	58.2%
Investment Income	$11	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$29,484	8.4%
Sales of Assets	$0
Net Inventory Sales	$1,969	0.6%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$47,351	14.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$78,824	23.9%

Assets/Debt
Total Assets	$298,157
Total Liabilities	$1,121
Net Assets	$297,036

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2011

Revenue

$304,507

Expenses

$283,270

Net Income

$21,237

Net Assets

$276,679

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$103,321	33.9%
Program Services	$169,940	55.8%
Investment Income	$24	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$28,612	9.4%
Sales of Assets	$0
Net Inventory Sales	$2,610	0.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$46,210	16.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$80,305	28.3%

Assets/Debt
Total Assets	$280,775
Total Liabilities	$4,096
Net Assets	$276,679

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Franklin Area Chamber Of Commerce Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $972k (2023)

Expenses $665k (2023)

Total Assets $1.75M (2023)

Total Liabilities $153k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2015

Extracted Financial Data

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No Document Links

Fiscal Year Ending Dec. 2014

Extracted Financial Data

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No Document Links

Fiscal Year Ending Dec. 2013

Extracted Financial Data

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No Document Links

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

About This Data

Which Organizations Are Here?

Types of Nonprofits

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Byline

Revenue

$972k (2023)

Expenses

$665k (2023)

Total Assets

$1.75M (2023)

Total Liabilities

$153k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011