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Holly Springs Chamber Of Commerce Inc

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

EIN: 561875144 ✦ Holly springs, NC ✦ Designated as a 501(c)(6)

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Overview

What is Holly Springs Chamber Of Commerce Inc?

Holly Springs Chamber of Commerce Inc is a nonprofit organization situated in Holly Springs, North Carolina. With a team of five dedicated individuals, its primary mission is to foster growth within the local business community. They achieve this objective through advocacy, engagement, and innovation. One of their significant initiatives includes raising funds during the Grapes, Grains, and Giving Gala, which are then donated to alleviate food insecurity in the community by supporting the Holly Springs Food Cupboard. The organization's visionary leadership plays a crucial role in fostering a thriving business environment in Holly Springs.


Official website here: www.hollyspringschamber.org

Is Holly Springs Chamber Of Commerce Inc legitimate?

Holly Springs Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Holly Springs Chamber Of Commerce Inc 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: $77,146
Professional Fundraising Fees: $0
Other Salaries and Wages: $62,163

For more financial information, click here


Official website here: www.hollyspringschamber.org

What is the mission statement of Holly Springs Chamber Of Commerce Inc?

The Holly Springs Chamber of Commerce Inc is committed to providing visionary leadership, aiming to foster growth in the local business community. This is achieved through advocacy, engagement, and innovation. The organization serves as a catalyst for driving business development and growth within the community. Additionally, they have shown support for addressing local food insecurity by donating funds raised at the Grapes, Grains, and Giving Gala to the Holly Springs Food Cupboard.


Official website here: www.hollyspringschamber.org

What is the revenue of Holly Springs Chamber Of Commerce Inc?

Holly Springs Chamber Of Commerce Inc's revenue in 2023 was $336,055.


Official website here: www.hollyspringschamber.org

Who are the executives of Holly Springs Chamber Of Commerce Inc and what are their salaries?

The average compensation at Holly Springs Chamber Of Commerce Inc during 2023 was $27,862. There are 5 employees and 295 volunteers at Holly Springs Chamber Of Commerce Inc.

Here are 6 key members and their salaries:


Tonya Palumbo (Executive Director)
  • Compensation: $77,146
  • Related: $0
  • Other: $0
Rick Grant (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nash Adkins (Chair Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Sellers (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cyndy Sanders (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Edwards (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hollyspringschamber.org

Where can I find the form 990 for Holly Springs Chamber Of Commerce Inc?

Holly Springs Chamber Of Commerce Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.hollyspringschamber.org

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

Mission Statement of Holly Springs Chamber Of Commerce Inc

The Holly Springs Chamber of Commerce Inc, as a leading entity, is committed to providing visionary leadership with the aim of fostering growth within the local business community. This is accomplished through strategically implemented advocacy, engagement, and innovation initiatives. The organization's primary goal is to drive the development and expansion of the business sector in an effective and sustainable manner. By taking on this role, the Holly Springs Chamber of Commerce Inc serves as a catalyst for economic progress and community development.

In addition to its overarching mission, the chamber also contributes to addressing local issues related to food insecurity. They achieve this by donating funds raised during the Grapes, Grains, and Giving Gala to the Holly Springs Food Cupboard. By supporting this crucial community resource, the chamber helps ensure that individuals and families in need have access to nutritious food, thereby contributing to overall community well-being. This multi-faceted approach to promoting business growth and addressing social issues demonstrates the chamber's dedication to holistic community development.

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Impact




October, 2024

Holly Springs Chamber of Commerce Inc plays a vital role in enhancing the local economy and fostering community growth in Holly Springs, NC. By providing visionary leadership, the Chamber supports the business community through advocacy, engagement, and innovation. Their initiatives not only help to create a vibrant business environment but also address pressing social issues like food insecurity.

One significant impact is their fundraising efforts, such as the Grapes, Grains, and Giving Gala, which directly support the Holly Springs Food Cupboard. This demonstrates a commitment to community welfare and the well-being of residents. By fostering connections among local businesses and providing resources, the Chamber helps to stimulate economic development, encourage collaboration, and improve the overall quality of life in Holly Springs. Through these activities, they not only empower businesses but also contribute to a stronger, more resilient community.




This information is meant to be a general summary of Holly Springs Chamber Of Commerce Inc. 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
$336,055 (2023)
Expenses
$316,401 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,978
  • Program Service Revenue: $111,540
  • Gross Receipts: $336,055

Assets and Liabilities:

  • Total Assets: $301,741
  • Total Liabilities: $4,036
  • Net Assets: $297,705

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Programs

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

WOMENS EMPOWERMENT LUN

Revenue

$18,708

SPRINGSFEST

Revenue

$28,425

FIRST RESPONDERS LUNCH

Revenue

$17,330

Organization Details

Founding Year

1995

Principal Officer

Tonya Palumbo

NTEE Category

Code: S41 - Community improvement

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