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Richmond Chamber Of Commerce Inc

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

EIN: 610397625 ✦ Richmond, KY ✦ Designated as a 501(c)(6)

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Overview

What is Richmond Chamber Of Commerce Inc?

The Richmond Chamber of Commerce Inc, established in 1931, is a vibrant nonprofit organization situated in Richmond, Kentucky. Its primary mission is to foster economic growth and development in the Richmond and Madison County area. The organization serves as a catalyst for a favorable business environment, ensuring stability and growth for its members. By collaborating and supporting its membership, the Richmond Chamber of Commerce strives to add value to its community. With a modest workforce of five dedicated individuals, the organization actively works towards promoting a prosperous and united business community.


Official website here: www.richmondchamber.com

What do the Facebook reviews say about Richmond Chamber Of Commerce Inc?

90% of 41 reviewers on Facebook recommend the Richmond Chamber of Commerce Inc. Here is a summary of their reviews:

Overall, the sentiment towards this nonprofit organization leans highly positive, with many users expressing appreciation for the support and assistance provided. One reviewer highlighted the kindness and helpfulness of staff when inquiring about obtaining a business permit, which left them feeling validated in their entrepreneurial journey.

The general tone from the reviews indicates that individuals find the Chamber responsive and eager to aid those seeking guidance, reinforcing its reputation as a valuable resource for local businesses. The positive interactions seem to contribute significantly to the Chamber's favorable standing among its constituents.


This AI summary has been generated from reviews found on Facebook.

Is Richmond Chamber Of Commerce Inc legitimate?

Richmond Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Richmond 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,068

For more financial information, click here


Official website here: www.richmondchamber.com

What is the mission statement of Richmond Chamber Of Commerce Inc?

The Richmond Chamber of Commerce Inc serves as a catalyst for vision and leadership, leveraging collaboration and support to enhance value for its membership. Established in November 1931, this organization's primary focus is to contribute to the economic development of its community, fostering a favorable business climate and promoting stability and growth for its members. The Richmond Chamber of Commerce Inc aims to provide guidance and support, playing a pivotal role in shaping the local economy.


Official website here: www.richmondchamber.com

Who is the CEO of Richmond Chamber Of Commerce Inc?

Madison Pergrem is the Executive Di of Richmond Chamber Of Commerce Inc.


Official website here: www.richmondchamber.com

What is the revenue of Richmond Chamber Of Commerce Inc?

Richmond Chamber Of Commerce Inc's revenue in 2021 was $258,963.


Official website here: www.richmondchamber.com

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

The average compensation at Richmond Chamber Of Commerce Inc during 2021 was $15,414. There are 5 employees at Richmond Chamber Of Commerce Inc.


Here are 21 key members and their salaries:


Madison Pergrem (Executive Di)
  • Compensation: $29,762
  • Related: $0
  • Other: $1,992
Rev Robert R Blythe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colleen Chaney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jd Chaney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Candace Coyle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney Davis (Past Board C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Fultz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Gerard (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Gilliam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Goble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Marcum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Mullins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Murphy-Tatum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Perry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Scarborough (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Stipes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reagan Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Tuel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.richmondchamber.com

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

Richmond Chamber Of Commerce Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.richmondchamber.com

Learn more at the official website: www.richmondchamber.com

Mission Statement of Richmond Chamber Of Commerce Inc

The Richmond Chamber of Commerce Inc serves as a beacon of vision and leadership, fostering collaboration and support to enhance value for its membership. Their mission is rooted in the belief that by working together, they can add significant value to the business community. Established in 1931, this organization has a firm commitment to promoting economic development, cultivating a positive business climate, and ensuring the stability and growth of its members.

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Impact




October, 2024

Richmond Chamber of Commerce Inc plays a pivotal role in fostering economic development and enhancing the business climate in Richmond and Madison County. Established in November 1931, the organization collaborates with local businesses to provide valuable resources, support, and leadership. Its commitment to promoting stability and growth for its members drives initiatives that strengthen the local economy, encourage entrepreneurship, and enhance community improvement.

By facilitating networking opportunities and offering educational programs, the Chamber empowers businesses to thrive and adapt to changing market conditions. Additionally, its focus on collaboration ensures that the voices of local businesses are heard, influencing policies and initiatives that shape the region's economic landscape. Through these efforts, the Richmond Chamber of Commerce Inc not only supports its members but also contributes to the overall vitality and prosperity of the community.




This information is meant to be a general summary of Richmond 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
$258,963 (2021)
Expenses
$204,463 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $57
  • Program Service Revenue: $133,170
  • Gross Receipts: $258,963

Assets and Liabilities:

  • Total Assets: $184,196
  • Total Liabilities: $35,087
  • Net Assets: $149,109

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Programs

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

MEMBERSHIP INVESTMENTS

Revenue

$133,170

Organization Details

Principal Officer

Madison Pergrem

Main Address

201 E MAIN STREET, RICHMOND, KY, 40475

NTEE Category

Code: S41Z - Community improvement

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