Civic Intelligence

Wake Forest Chamber Foundation for Common Progress

EIN 47-1878507 • 501(c)3 • Wake Forest, NC

Profile

The wake forest chamber foundation exists to provide educational opportunities for both adults and youth focusing on leadership, entrepreneurship, financial literacy and workforce development initiatives.

350 S White StreetWake Forest, NC 27587

wakeforestchamberfoundation.org

Siviq Scores

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

Liabilities / Assets

71st percentile

0.00x

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

NTEE S99 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

72nd percentile

0.00x

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

NTEE S99 • <$500k nonprofits • Source year 2025

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

NTEE S99 • <$500k nonprofits • Source year 2025

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

NTEE S99 • <$500k nonprofits • Source year 2025

Asset Growth

44th percentile

-3.1%

Faster asset growth than 44% of similar nonprofits.

NTEE S99 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

8th percentile

-90%

Faster revenue growth than 8% of similar nonprofits.

NTEE S99 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$66,224

Down $34,719 (-34%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$66,224

Down $34,719 (-34%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin18th percentile

Revenue

Down

$15,805

Down $259,139 (-94%) from 2023

Expenses

Down

$17,910

Down $257,301 (-93%) from 2023

Net Income

Down

-$2,105

Down $1,838 (-688%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

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

$150K$100K$50K$0Assets 2021: $60,061Liabilities 2021: $3,300Net Assets 2021: $56,7612021Assets 2022: $101,985Liabilities 2022: $775Net Assets 2022: $101,2102022Assets 2023: $100,943Liabilities 2023: $0Net Assets 2023: $100,9432023Assets 2025: $66,224Liabilities 2025: $0Net Assets 2025: $66,2242025

Highlighted filing

2025

Assets$66,224
Liabilities$0
Net Assets$66,224
Open 2025 Filing

Operations Trend

Revenue Growth8th percentile

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

$300K$200K$100K$0-$100KRevenue 2021: $181,656Expenses 2021: $139,835Net Income 2021: $41,8212021Revenue 2022: $222,986Expenses 2022: $178,537Net Income 2022: $44,4492022Revenue 2023: $274,944Expenses 2023: $275,211Net Income 2023: -$2672023Revenue 2025: $15,805Expenses 2025: $17,910Net Income 2025: -$2,1052025

Highlighted filing

2025

Revenue$15,805
Expenses$17,910
Net Income-$2,105
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$66,224
Liabilities
$0
Net assets
$66,224
Revenue
$15,805
Expenses
$17,910
Net income
-$2,105
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.00$0.66$0.16$0.18$0.02
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.00$1.01$2.75$2.75$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.01$1.01$2.23$1.79$0.44
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.03$0.57$1.82$1.40$0.42
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 1, 2025
Return Version
2024v5.0
Gross Receipts
$15,805
Mission and Program Overview

Mission

The wake forest chamber foundation exists to provide educational opportunities for both adults and youth focusing on leadership, entrepreneurship, financial literacy and workforce development initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$68,349$66,224▼ $2,125
Total Assets$68,349$66,224▼ $2,125
Liabilities
Other Liabilities$20--
Total Liabilities$20$0▼ $20
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,329$66,224▼ $2,105
Total Net Assets Fund Balance$68,329$66,224▼ $2,105
Total Liabilities and Net Assets / Fund Balance$68,349$66,224▼ $2,125
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Jim ThompsonExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$667
Program Service Revenue
$15,000
Investment Income
$138
Other Revenue
$0
All Other Contributions
$667
Change in Net Assets
$-2,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,910
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$2,855-$2,855
Information Technology-$362-$362
Other Expenses$201--$201
Office Expenses-$164-$164
Advertising-$21-$21
Total Functional Expenses$14,508$3,402$0$17,910
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Wake Forest Chamber Foundation for
EIN
47-1878507
Phone
9195561519
Address
350 S WHITE STREET, WAKE FOREST, NC 27587

Signing Officer

Name
Jim Thompson
Title
Executive Director
Phone
9195561519
Signed
2025-10-01

Organization Details

Principal Officer
Jim Thompson
Formed
2014
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Mitchell & Nemitz Pa
Address
12324 HAMPTON WAY DR STE 201, WAKE FOREST, NC 27587-6543
Preparer
Robert H Mitchell Jr CPA
Phone
9195569500
Raw XML Appendix246 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09195561519
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ReturnHeader/ReturnTs02026-01-22T16:48:56-05:00
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ReturnHeader/TaxPeriodEndDt02025-06-30
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