Civic Intelligence

Lexington-Rockbridge County Chamber of Commerce

990 • Fiscal year 2019 • EIN 54-0282581

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 10, 2020

18 E Nelson Street No 101Lexington, VA 24450

(540) 463-5375

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.22x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.06x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

55th percentile

4.6%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$65,564

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 29.0% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

83rd percentile

28%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

65th percentile

8.2%

Faster revenue growth than 65% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$63,643

Up $14,021 (+28%) from 2018

Net Assets

Up

$49,384

Up $10,462 (+27%) from 2018

Liabilities

Up

$14,259

Up $3,559 (+33%) from 2018

Revenue

Up

$225,919

Up $17,152 (+8.2%) from 2018

Expenses

Up

$215,457

Up $13,578 (+6.7%) from 2018

Net Income

Up

$10,462

Up $3,574 (+52%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $247,621Liabilities 2010: $23,332Net Assets 2010: $224,2892010Assets 2011: $238,223Liabilities 2011: $27,030Net Assets 2011: $211,1932011Assets 2012: $222,938Liabilities 2012: $28,143Net Assets 2012: $194,7952012Assets 2013: $200,212Liabilities 2013: $20,541Net Assets 2013: $179,6712013Assets 2014: $154,654Liabilities 2014: $84,020Net Assets 2014: $70,6342014Assets 2015: $110,984Liabilities 2015: $47,300Net Assets 2015: $63,6842015Assets 2016: $59,370Liabilities 2016: $33,530Net Assets 2016: $25,8402016Assets 2017: $65,434Liabilities 2017: $33,400Net Assets 2017: $32,0342017Assets 2018: $49,622Liabilities 2018: $10,700Net Assets 2018: $38,9222018Assets 2019: $63,643Liabilities 2019: $14,259Net Assets 2019: $49,3842019Assets 2020: $61,371Liabilities 2020: $26,820Net Assets 2020: $34,5512020Assets 2021: $136,417Liabilities 2021: $32,667Net Assets 2021: $103,7502021Assets 2022: $101,187Liabilities 2022: $30,272Net Assets 2022: $70,9152022Assets 2023: $76,744Liabilities 2023: $29,452Net Assets 2023: $47,2922023Assets 2024: $57,585Liabilities 2024: $25,134Net Assets 2024: $32,4512024

Highlighted filing

2019

Assets$63,643
Liabilities$14,259
Net Assets$49,384

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100K-$200KExpenses 2010: $214,8032010Expenses 2011: $230,0672011Expenses 2012: $233,6802012Revenue 2013: $184,296Expenses 2013: $199,420Net Income 2013: -$15,1242013Revenue 2014: $168,071Expenses 2014: $277,108Net Income 2014: -$109,0372014Revenue 2015: $199,452Expenses 2015: $206,402Net Income 2015: -$6,9502015Revenue 2016: $183,281Expenses 2016: $221,125Net Income 2016: -$37,8442016Revenue 2017: $198,785Expenses 2017: $192,591Net Income 2017: $6,1942017Revenue 2018: $208,767Expenses 2018: $201,879Net Income 2018: $6,8882018Revenue 2019: $225,919Expenses 2019: $215,457Net Income 2019: $10,4622019Revenue 2020: $192,149Expenses 2020: $206,982Net Income 2020: -$14,8332020Revenue 2021: $249,326Expenses 2021: $180,127Net Income 2021: $69,1992021Revenue 2022: $207,405Expenses 2022: $220,669Net Income 2022: -$13,2642022Revenue 2023: $224,986Expenses 2023: $248,609Net Income 2023: -$23,6232023Revenue 2024: $236,432Expenses 2024: $251,273Net Income 2024: -$14,8412024

Highlighted filing

2019

Revenue$225,919
Expenses$215,457
Net Income$10,462
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 10, 2020
Return Version
2019v5.1
Gross Receipts
$277,774
Mission and Program Overview

Mission

To promote business and commerce in the lexington, buena vista and rockbridge county area.

Promotes business community activities and involvement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$45,899$46,040▲ $141
Cash and Non-Interest-Bearing Accounts$399$13,292▲ $12,893
Accounts Receivable$2,475$3,715▲ $1,240
Land, Buildings, and Equipment, Net$849$496▼ $353
Prepaid Expenses and Deferred Charges-$100-
Total Assets$49,622$63,643▲ $14,021
Liabilities
Deferred Revenue$5,000$9,500▲ $4,500
Other Liabilities$5,275$4,759▼ $516
Accounts Payable and Accrued Expenses$425--
Total Liabilities$10,700$14,259▲ $3,559
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$38,922$49,384▲ $10,462
Total Net Assets Fund Balance$38,922$49,384▲ $10,462
Total Liabilities and Net Assets / Fund Balance$49,622$63,643▲ $14,021

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$496$10,595$11,091
Other Land Buildings$0$4,372$4,372
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tracy LyonsExecutive DirectorFT$65,564$65,564

Board Members and Trustees

NameTitle
Steve FunkhouserImmediate Past President
John StallardPresident
Jim JonesVice President
Ben WorthDirector
Bobbie WagnerDirector
Christy HarrisDirector
David HawkinsDirector
Holly OstbyDirector
Jay WilliamsDirector
John MccoyDirector
Jonathan TarrisDirector
Katherine BrinkleyDirector
Lauren WelshDirector
Patrick BlevinsDirector
Shane GonsalvesDirector
Stacy StevensDirector
Tim BraddickDirector
Mary BuzzardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$183,449
Program Service Revenue
$6,181
Investment Income
$142
Other Revenue
$36,147
All Other Contributions
$90,311
Change in Net Assets
$10,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$159,573
Other Expenses$55,884
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---$65,564
Other Salaries and Wages---$60,909
Occupancy---$19,618
Other Employee Benefits---$17,662
Payroll Taxes---$11,554
Conferences and Meetings---$9,716
Office Expenses---$6,116
Pension Plan Contributions---$3,884
Fees for Services Other---$2,915
Insurance---$1,624
Information Technology---$1,555
Fees for Services Accounting---$1,012
Depreciation Depletion---$973
Other Expenses---$873
Total Functional Expenses$0$0$0$215,457
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$82,748
Fundraising Direct Expenses$51,855
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$34,939$34,939$1,775$33,164
Beer & Wine Festival$33,923$33,923$7,918$26,005
Total Events$82,748$82,748$51,855$30,893
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$3,259
Scholarships Payable$1,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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 B, Line 11B

The executive director and one other director review the form 990 before it is filed. The form 990 is available for all officers and directors to review upon request.

Form 990, Part VI, Section C, Line 19

Documentation is available upon request in hard copy.

Filing and Contact Details

Filer

Filer Name
Lexington-rockbridge County
EIN
54-0282581
Phone
5404635375
Address
18 E NELSON STREET NO 101, LEXINGTON, VA 24450

Signing Officer

Name
Tracy Lyons
Title
Executive Director
Phone
5404635375
Signed
2020-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Lyons
Formed
1942
Legal Domicile
Va
Voting Board Members
18
Independent Board Members
18
Employees
4
Volunteers
0

Preparer

Firm
Raetz & Hawkins Pc Cpas
Address
128 SOUTH RANDOLPH STREET, LEXINGTON, VA 24450-0916
Preparer
Lucas Penix
Phone
5404637121
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt038922
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt049384
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt019618
IRS990/OfficeExpensesGrp/TotalAmt06116
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017662
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT EXPENSES
IRS990/OtherExpensesGrp/Desc1MARKETING
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt010518
IRS990/OtherExpensesGrp/TotalAmt1964
IRS990/OtherExpensesGrp/TotalAmt2873
IRS990/OtherLiabilitiesGrp/BOYAmt05275
IRS990/OtherLiabilitiesGrp/EOYAmt04759
IRS990/OtherRevenueMiscGrp/BusinessCd0561499
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt05254
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05254
IRS990/OtherRevenueTotalAmt05254
IRS990/OtherSalariesAndWagesGrp/TotalAmt060909
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt011554
IRS990/PensionPlanContributionsGrp/TotalAmt03884
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0100
IRS990/PrincipalOfficerNm0TRACY LYONS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/BusinessCd3561499
IRS990/ProgramServiceRevenueGrp/Desc0WOMEN IN LEADERSHIP
IRS990/ProgramServiceRevenueGrp/Desc1STATE OF COMMUNITY
IRS990/ProgramServiceRevenueGrp/Desc2B@B
IRS990/ProgramServiceRevenueGrp/Desc3CHEERS WITH THE CHAMBE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02825
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11690
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3516
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3516
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTES ECONOMIC DEVELOPMENT IN THE LEXINGTON-ROCKBRIDGE COUNTY AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0395
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0165363
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0570
IRS990/PYOtherExpensesAmt046939
IRS990/PYOtherRevenueAmt037516
IRS990/PYProgramServiceRevenueAmt05318
IRS990/PYRevenuesLessExpensesAmt06888
IRS990/PYSalariesCompEmpBnftPaidAmt0154940
IRS990/PYTotalExpensesAmt0201879
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0208767
IRS990/ReconcilationRevenueExpnssAmt010462
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06181
IRS990/SavingsAndTempCashInvstGrp/BOYAmt045899
IRS990/SavingsAndTempCashInvstGrp/EOYAmt046040
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd01
IRS990ScheduleC/DuesAssessmentsAmt083138
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0496
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010595
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011091
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04372
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04372
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03259
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SCHOLARSHIPS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0496
IRS990ScheduleD/TotalLiabilityAmt04759
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt051855
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt03738
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt03650
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt07388
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNER DANCE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BEER & WINE FESTIVAL
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt018319
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt04547
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt05036
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt027902
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt034939
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt033923
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt013886
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt082748
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034939
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt033923
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt013886
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt082748
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt030893
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0227
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09920
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01775
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07918
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0600
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt03000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt03045
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt06645
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND ONE OTHER DIRECTOR REVIEW THE FORM 990 BEFORE IT IS FILED. THE FORM 990 IS AVAILABLE FOR ALL OFFICERS AND DIRECTORS TO REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTATION IS AVAILABLE UPON REQUEST IN HARD COPY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt049622
IRS990/TotalAssetsEOYAmt063643
IRS990/TotalAssetsGrp/BOYAmt049622
IRS990/TotalAssetsGrp/EOYAmt063643
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0183449
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt0215457
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010700
IRS990/TotalLiabilitiesEOYAmt014259

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.58$0.25$0.32$2.36$2.51$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.77$0.29$0.47$2.25$2.49$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.30$0.71$2.07$2.21$0.13
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.33$1.04$2.49$1.80$0.69
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.27$0.35$1.92$2.07$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.64$0.14$0.49$2.26$2.15$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.11$0.39$2.09$2.02$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.65$0.33$0.32$1.99$1.93$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.34$0.26$1.83$2.21$0.38
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.47$0.64$1.99$2.06$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.55$0.84$0.71$1.68$2.77$1.09
2013Detailed filing. Detailed filing data is available for this year.$2.00$0.21$1.80$1.84$1.99$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.28$1.95$2.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.27$2.11$2.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.23$2.24$2.15