Civic Intelligence

Sherwood Chamber of Commerce

EIN 23-7298285 • 501(c)6 • Sherwood, AR

Profile

The mission of the Sherwood Area Chamber of Commerce is to enhance the business environment, the economic well-being and quality of life for the Sherwood area. Our association consists of businesses, organizations, and individuals that work toward the interests of our business community. We continue to focus on growing the local economy, advocating on behalf of our members at all levels of government as well as our educational establishments.

7510 Highway 107Sherwood, AR 72120

sherwoodchamber.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

66th percentile

9.2%

Higher net margin than 66% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

86th percentile

30%

Faster asset growth than 86% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

16%

Faster revenue growth than 73% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$74,626

Up $17,077 (+30%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$74,626

Up $17,077 (+30%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin66th percentile

Revenue

Up

$186,303

Up $25,273 (+16%) from 2023

Expenses

Up

$169,226

Up $4,329 (+2.6%) from 2023

Net Income

Up

$17,077

Up $20,944 (+542%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth86th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2015: $113,283Liabilities 2015: $0Net Assets 2015: $113,2832015Assets 2016: $124,118Liabilities 2016: $0Net Assets 2016: $124,1182016Assets 2017: $140,999Liabilities 2017: $0Net Assets 2017: $140,9992017Assets 2018: $126,624Liabilities 2018: $0Net Assets 2018: $126,6242018Assets 2019: $85,999Liabilities 2019: $0Net Assets 2019: $85,9992019Assets 2020: $99,700Liabilities 2020: $0Net Assets 2020: $99,7002020Assets 2021: $78,929Liabilities 2021: $17,970Net Assets 2021: $60,9592021Assets 2022: $61,416Liabilities 2022: $0Net Assets 2022: $61,4162022Assets 2023: $57,549Liabilities 2023: $0Net Assets 2023: $57,5492023Assets 2024: $74,626Liabilities 2024: $0Net Assets 2024: $74,6262024

Highlighted filing

2024

Assets$74,626
Liabilities$0
Net Assets$74,626
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2015: $196,276Expenses 2015: $179,691Net Income 2015: $16,5852015Revenue 2016: $153,045Expenses 2016: $142,210Net Income 2016: $10,8352016Revenue 2017: $186,777Expenses 2017: $169,896Net Income 2017: $16,8812017Revenue 2018: $175,143Expenses 2018: $189,518Net Income 2018: -$14,3752018Revenue 2019: $206,726Expenses 2019: $247,351Net Income 2019: -$40,6252019Revenue 2020: $258,525Expenses 2020: $244,824Net Income 2020: $13,7012020Revenue 2021: $199,603Expenses 2021: $238,344Net Income 2021: -$38,7412021Revenue 2022: $220,745Expenses 2022: $220,288Net Income 2022: $4572022Revenue 2023: $161,030Expenses 2023: $164,897Net Income 2023: -$3,8672023Revenue 2024: $186,303Expenses 2024: $169,226Net Income 2024: $17,0772024

Highlighted filing

2024

Revenue$186,303
Expenses$169,226
Net Income$17,077
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$74,626
Liabilities
$0
Net assets
$74,626
Revenue
$186,303
Expenses
$169,226
Net income
$17,077
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$1.86$1.69$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$1.61$1.65$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$2.21$2.20$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.18$0.61$2.00$2.38$0.39
2020Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$2.59$2.45$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$2.07$2.47$0.41
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$1.75$1.90$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$1.87$1.70$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$1.53$1.42$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$1.96$1.80$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.1
Gross Receipts
$216,602
Mission and Program Overview

Mission

The mission of the Sherwood Area Chamber of Commerce is to enhance the business environment, the economic well-being and quality of life for the Sherwood area. Our association consists of businesses, organizations, and individuals that work toward the interests of our business community. We continue to focus on growing the local economy, advocating on behalf of our members at all levels of government as well as our educational establishments.

The mission of the Sherwood Area Chamber of Commerce is to enhance the business environment, the economic well-being and quality of like for the Sherwood area. Our association consists of businesses, organizations, and individuals that work toward the interest of our business community. We continue to focus on growing the local economy, advocating on behalf of our members at all levels of government as well as our educaitonal establishments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$32,260$53,084▲ $20,824
Savings and Temporary Cash Investments$23,747$20,000▼ $3,747
Accounts Receivable$442$442→ $0
Total Assets$57,549$74,626▲ $17,077
Other Assets Total$1,100$1,100→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$57,549$74,626▲ $17,077
Total Net Assets Fund Balance$57,549$74,626▲ $17,077
Total Liabilities and Net Assets / Fund Balance$57,549$74,626▲ $17,077
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Drew WilliamsChairman
Kim HousleyIncoming Chairman
Veronica VegaPresident
Brook WeishaarDirector
Jacob GarettDirector
Kristen KennonDirector
Kyle DrakeDirector
Laura BowermanDirector
Megan BonneyDirector
Nicholas CooperDirector
Mike KellyExecutive Committee
Paul WilsonExecutive Committee
Dillon EberlePast Chariman
Kim HibbardSecretary
Myra RandolphTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$85,390
Program Service Revenue
$41,206
Investment Income
$266
Other Revenue
$59,441
Change in Net Assets
$17,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,614
Salaries, Compensation, and Employee Benefits$73,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$51,480--$51,480
Occupancy$29,813--$29,813
Conferences and Meetings$17,991--$17,991
Other Salaries and Wages$13,971--$13,971
Information Technology$12,018--$12,018
Office Expenses$9,007--$9,007
Payroll Taxes$5,164--$5,164
All Other Expenses$3,674--$3,674
Other Employee Benefits$2,997--$2,997
Fees for Services Accounting$2,510--$2,510
Other Expenses$2,074--$2,074
Insurance$2,028--$2,028
Advertising$1,771--$1,771
Travel$1,413--$1,413
Fees for Services Legal$38--$38
Total Functional Expenses$169,226$0$0$169,226
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$85,736
Fundraising Direct Expenses$30,299
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$24,295$24,295$7,686$16,609
Membership City Guide$22,125$22,125$6,935$15,190
Total Events$85,736$85,736$30,299$55,437
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Members”

Form 990, Part VI, Section B, line 11B

“Form 990 is reviewed by the executive director and is available to board members to review upon request”

Form 990, Part VI, Section C, line 19

“Governing documents are made available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Sherwood Chamber of Commerce
EIN
23-7298285
Phone
5018357600
Address
7510 Highway 107, Sherwood, AR 72120

Signing Officer

Name
Veronica Vega
Title
President
Phone
5018357600
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Veronica Vega
Formed
1973
Legal Domicile
Ar
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Bonds and Company Pa
Address
3906 E KIEHL AVENUE, SHERWOOD, AR 72120
Preparer
Jeffrey Littrell
Phone
5018355222
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt02997
IRS990/OtherExpensesGrp/Desc0Professional Developmen
IRS990/OtherExpensesGrp/Desc1Luncheon Expense
IRS990/OtherExpensesGrp/Desc2Jr Ambassador Expense
IRS990/OtherExpensesGrp/Desc3Membership Expense
IRS990/OtherExpensesGrp/ProgramServicesAmt05588
IRS990/OtherExpensesGrp/ProgramServicesAmt14199
IRS990/OtherExpensesGrp/ProgramServicesAmt23490
IRS990/OtherExpensesGrp/ProgramServicesAmt32074
IRS990/OtherExpensesGrp/TotalAmt05588
IRS990/OtherExpensesGrp/TotalAmt14199
IRS990/OtherExpensesGrp/TotalAmt23490
IRS990/OtherExpensesGrp/TotalAmt32074
IRS990/OtherRevenueMiscGrp/Desc0Jr Ambassador Income
IRS990/OtherRevenueMiscGrp/Desc1Rent Income
IRS990/OtherRevenueMiscGrp/Desc2Board Meeting Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02064
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11800
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2140
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02064
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2140
IRS990/OtherRevenueTotalAmt04004
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt013971
IRS990/OtherSalariesAndWagesGrp/TotalAmt013971
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05164
IRS990/PayrollTaxesGrp/TotalAmt05164
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Veronica Vega
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/Desc0Annual Banquet
IRS990/ProgramServiceRevenueGrp/Desc1Chairman's Circle Inco
IRS990/ProgramServiceRevenueGrp/Desc2Monthly Luncheons
IRS990/ProgramServiceRevenueGrp/Desc3Academic Signing Day I
IRS990/ProgramServiceRevenueGrp/Desc4Leads Group Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19300
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25056
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42700
IRS990/ProgSrvcAccomActy2Grp/Desc0Significant activities include business advocacy, member services, and educational and compliance services. Business advocacy involves the support of pro-business legislation that encourages job creation and economic growth in Sherwood. Member services involve cost savings programs such as insurance benefits, discounts within business community, and networking opportunities to connect members with the local community. Educaitonal and compliance services involve providing educatinal seminars on business related topics to keep members as well as the local business community informed.
IRS990/ProgSrvcAccomActy3Grp/Desc0We offer a variety of events that provide valuable networking opportunities and avenues for business exposure. These events serve four primary functions for our members and the community: promote, honor, connect and grow. The events include a service awards luncheon to honor our local first responders, an annual banquet to honor chamber and community leaders, an Academic Signing Day recognizing student achievement in our local schools, a golf tournament showcasing out beautiful city-owned golf course, a community fish fry connecting the business community with local residents and a Veterans' Day parade to honor local and state veterans organizations.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt092411
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0370
IRS990/PYOtherExpensesAmt097971
IRS990/PYOtherRevenueAmt025620
IRS990/PYProgramServiceRevenueAmt042629
IRS990/PYRevenuesLessExpensesAmt0-3867
IRS990/PYSalariesCompEmpBnftPaidAmt066926
IRS990/PYTotalExpensesAmt0164897
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0161030
IRS990/ReconcilationRevenueExpnssAmt017077
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023747
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt030299
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Membership City Guide
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt024295
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt022125
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt039316
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt085736
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt024295
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt022125
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt039316
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt085736
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt055437
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt015678
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt030299
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07686
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt06935
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed by the executive director and is available to board members to review upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents are made available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt057549
IRS990/TotalAssetsEOYAmt074626
IRS990/TotalAssetsGrp/BOYAmt057549
IRS990/TotalAssetsGrp/EOYAmt074626
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt085390
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0169226
IRS990/TotalFunctionalExpensesGrp/TotalAmt0169226
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt057549
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt074626
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02050
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02050
IRS990/TotalProgramServiceRevenueAmt041206
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt055437
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt045476
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0186303
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt057549
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt074626
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01413
IRS990/TravelGrp/TotalAmt01413
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07510 Highway 107
IRS990/USAddress/CityNm0Sherwood
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072120
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0sherwoodchamber.net
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Veronica Vega
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05018357600
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sherwood Chamber of Commerce
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0237298285
ReturnHeader/Filer/PhoneNum05018357600
ReturnHeader/Filer/USAddress/AddressLine1Txt07510 Highway 107
ReturnHeader/Filer/USAddress/CityNm0Sherwood

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