Lake Norman Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561574848 ✦ Cornelius, NC ✦ Designated as a 501(c)(6)

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Overview

What is Lake Norman Chamber Of Commerce?

The Lake Norman Chamber of Commerce, situated in Cornelius, North Carolina, is a dedicated nonprofit organization with a mission to support and promote the business activities of its members. With a modest workforce of four individuals, the chamber offers a range of services to cater to the needs of its member businesses. While specific details about the types of services provided were not available, the general description suggests a commitment to fostering a conducive business environment for its members.


Official website here: www.lakenormanchamber.org

Is Lake Norman Chamber Of Commerce legitimate?

Lake Norman Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lake Norman Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $133,870
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,428

For more financial information, click here


Official website here: www.lakenormanchamber.org

What is the mission statement of Lake Norman Chamber Of Commerce?

The Lake Norman Chamber of Commerce's mission is centered around providing assistance and boosting the business operations of its members. In essence, they act as a supportive entity, working to advance the commercial activities of the organizations they represent. Their primary role involves offering various services and actively promoting these business activities within their network.


Official website here: www.lakenormanchamber.org

Who is the CEO of Lake Norman Chamber Of Commerce?

William Russell is the President of Lake Norman Chamber Of Commerce.


Official website here: www.lakenormanchamber.org

What is the revenue of Lake Norman Chamber Of Commerce?

Lake Norman Chamber Of Commerce's revenue in 2022 was $455,025.


Official website here: www.lakenormanchamber.org

Who are the executives of Lake Norman Chamber Of Commerce and what are their salaries?

The average compensation at Lake Norman Chamber Of Commerce during 2022 was $44,574. There are 4 employees and 50 volunteers at Lake Norman Chamber Of Commerce.


Here are 30 key members and their salaries:


William Russell (President)
  • Compensation: $87,428
  • Related: $0
  • Other: $0
Sylvia Spury (Executive Vp)
  • Compensation: $46,442
  • Related: $0
  • Other: $0
Sally Ashworth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Bentley (Vice Chair C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Mattison Brandon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Colvin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erika Erlenbach (Immediate Pa)
  • Compensation: $0
  • Related: $0
  • Other: $0
David M Frescatore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Gillmore (Vice Chair B)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Houston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dheepa Johnston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Keith (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amber Kovacs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Layman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Leonard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Marion (Finance Chai)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Mcdaniels (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen A Melton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Osborne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Pappas (Past Board C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Pulley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ivonne Reed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Rizzetta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bailey Sigler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Sisson (Vice Chair C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracey Stehle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Tarte (Vc Public Po)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Tovar (Vice Chair M)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah B Trowbridge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Zienka (Bookkeeper)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakenormanchamber.org

Where can I find the form 990 for Lake Norman Chamber Of Commerce?

Lake Norman Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lakenormanchamber.org

Learn more at the official website: www.lakenormanchamber.org

Mission Statement of Lake Norman Chamber Of Commerce

The Lake Norman Chamber of Commerce is devoted to supporting and promoting the business endeavors of its members. This nonprofit organization serves as a hub, providing various services that contribute to the success and growth of its member businesses. By fostering a collaborative environment, the Lake Norman Chamber of Commerce aims to bolster the commercial activities of its members, ultimately contributing to the prosperity of the business community as a whole.

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Impact




October, 2024

The Lake Norman Chamber of Commerce plays a vital role in enhancing the business landscape of the Lake Norman area. By providing essential services and promoting the business activities of its members, the Chamber fosters a collaborative environment that encourages growth and innovation.

Through networking opportunities, educational programs, and advocacy initiatives, the Chamber empowers local businesses to thrive and compete effectively. Its commitment to community improvement not only boosts individual enterprises but also contributes to the overall economic development of Cornelius, NC, and the surrounding regions.

By serving as a hub for resources and support, the Lake Norman Chamber of Commerce strengthens the local business community, enhances visibility for its members, and ultimately drives prosperity within the area.




This information is meant to be a general summary of Lake Norman Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$455,025 (2022)
Expenses
$467,343 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,097
  • Program Service Revenue: $177,519
  • Gross Receipts: $455,025

Assets and Liabilities:

  • Total Assets: $478,507
  • Total Liabilities: $10,285
  • Net Assets: $468,222

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

BUSINESS EXPO INCOME

Revenue

$51,315

BANQUET INCOME

Revenue

$24,190

GOLF TOURNAMENT

Revenue

$19,020

DIVERSITY COUNCIL

Revenue

$17,670

OTHER PROGRAM SERVICE REVENUE

Revenue

$13,853

Organization Details

Founding Year

1989

Principal Officer

William Russell

Main Address

19900 W CATAWBA AVE STE 101, CORNELIUS, NC, 28031

NTEE Category

Code: S41 - Community improvement

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