Overview
What is Memphis Area Chamber Of Commerce?
The Memphis Area Chamber of Commerce, operating under the name Greater Memphis Chamber, is a prominent nonprofit organization situated in Memphis, Tennessee. With a focus on economic development, particularly in Shelby County, its mission is to serve its members and partners by enhancing the overall quality of life through regional economic prosperity. Based at 100 Peabody Place 1000, Memphis, TN 38103, the Chamber engages in various activities to promote a strong economic climate within the served area. It boasts a workforce of 40 dedicated individuals, working tirelessly to contribute to the region's economic growth.
Official website here: www.memphischamber.com
Is Memphis Area Chamber Of Commerce legitimate?
Memphis Area Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Memphis Area 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: $3,933,753
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.memphischamber.com
What is the mission statement of Memphis Area Chamber Of Commerce?
The Memphis Area Chamber of Commerce is committed to serving its members and partners by enhancing the overall quality of life. This is achieved through fostering regional economic prosperity. The organization's mission is geared towards improving the economic climate of the area it serves, focusing on economic development in the Standard Metropolitan Statistical Area, primarily in Shelby County, Tennessee. It also provides services to the general business community to strengthen the local economy.
Official website here: www.memphischamber.com
Who is the CEO of Memphis Area Chamber Of Commerce?
Ted Ferris is the Chairman of Memphis Area Chamber Of Commerce. The CEO's salary of Memphis Area Chamber Of Commerce is $261,262 and their total compensation is $302,720.
Official website here: www.memphischamber.com
What is the revenue of Memphis Area Chamber Of Commerce?
Memphis Area Chamber Of Commerce's revenue in 2022 was $7,361,900.
Official website here: www.memphischamber.com
Who are the executives of Memphis Area Chamber Of Commerce and what are their salaries?
The average compensation at Memphis Area Chamber Of Commerce during 2022 was $98,344. There are 40 employees and 86 volunteers at Memphis Area Chamber Of Commerce.
Here are 43 key members and their salaries (Memphis Area Chamber Of Commerce's CEO's salary is $261,262 and their total compensation is $302,720):
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- Compensation: $261,262
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- Other: $41,458
- Compensation: $297,177
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- Compensation: $123,361
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- Compensation: $154,017
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- Compensation: $105,000
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- Compensation: $147,323
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- Compensation: $153,901
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- Compensation: $180,008
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- Other: $24,441
- Compensation: $100,923
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- Other: $16,015
Official website here: www.memphischamber.com
Where can I find the form 990 for Memphis Area Chamber Of Commerce?
Memphis Area Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphischamber.com
Learn more at the official website: www.memphischamber.com
Mission Statement of Memphis Area Chamber Of Commerce
The Memphis Area Chamber of Commerce is committed to serving its members and partners by enhancing the overall quality of life in the region. Their mission is centered around promoting economic prosperity, focusing on improving the economic conditions within the Standard Metropolitan Statistical Area, specifically in Shelby County, Tennessee. This nonprofit organization extends its services to the general business community, aiming to establish a robust and favorable economic climate across the served area. By doing so, the Memphis Area Chamber of Commerce plays a significant role in contributing to the region's growth and development, ultimately benefiting its members and partners.
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Impact
October, 2024
The Memphis Area Chamber of Commerce plays a vital role in fostering economic development and enhancing the quality of life in the region, specifically focusing on Shelby County, TN. By dedicating its efforts to improving the economic climate for the local business community, the Chamber actively promotes initiatives that drive regional economic prosperity.
Through collaboration with members and partners, the Chamber addresses key issues impacting businesses and the overall community, ensuring a robust environment for growth and investment. This support strengthens the economy, attracts new businesses, and retains existing ones, thereby contributing to job creation and community improvement. In essence, the Memphis Area Chamber of Commerce serves as a catalyst for positive change, helping to build a healthier, more prosperous region for all its residents.
This information is meant to be a general summary of Memphis Area 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $55,935
- Program Service Revenue: $1,683,144
- Gross Receipts: $7,361,900
Assets and Liabilities:
- Total Assets: $6,703,559
- Total Liabilities: $4,286,396
- Net Assets: $2,417,163
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM PARTNERSHIPS
Revenue
$972,108
EVENT REVENUES
Revenue
$666,031
COUNCIL FUNDING
Revenue
$45,000
CHAMBER PRODUCTS
Revenue
$5
Organization Details
Founding Year
1906
Phone
(901) 543-3535Principal Officer
Ted Ferris
Main Address
100 PEABODY PLACE 1000, MEMPHIS, TN, 38103
Website
www.memphischamber.comNTEE Category
Code: S41 - Community improvement
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