Civic Intelligence

Lexington-Rockbridge County Chamber of Commerce

990 • Fiscal year 2020 • EIN 54-0282581

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 22, 2021

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

89th percentile

0.44x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.14x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

32nd percentile

-7.7%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

90th percentile

$68,842

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 35.8% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

38th percentile

-3.6%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

-15%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$61,371

Down $2,272 (-3.6%) from 2019

Net Assets

Down

$34,551

Down $14,833 (-30%) from 2019

Liabilities

Up

$26,820

Up $12,561 (+88%) from 2019

Revenue

Down

$192,149

Down $33,770 (-15%) from 2019

Expenses

Down

$206,982

Down $8,475 (-3.9%) from 2019

Net Income

Down

-$14,833

Down $25,295 (-242%) from 2019

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

2020

Assets$61,371
Liabilities$26,820
Net Assets$34,551

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

2020

Revenue$192,149
Expenses$206,982
Net Income-$14,833
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 22, 2021
Return Version
2020v4.1
Gross Receipts
$226,456
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$46,040$46,962▲ $922
Cash and Non-Interest-Bearing Accounts$13,292$10,732▼ $2,560
Accounts Receivable$3,715$3,214▼ $501
Land, Buildings, and Equipment, Net$496$372▼ $124
Prepaid Expenses and Deferred Charges$100$91▼ $9
Total Assets$63,643$61,371▼ $2,272
Liabilities
Unsecured Notes Loans Payable-$25,000-
Deferred Revenue$9,500--
Other Liabilities$4,759$1,030▼ $3,729
Accounts Payable and Accrued Expenses-$790-
Total Liabilities$14,259$26,820▲ $12,561
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$49,384$34,551▼ $14,833
Total Net Assets Fund Balance$49,384$34,551▼ $14,833
Total Liabilities and Net Assets / Fund Balance$63,643$61,371▼ $2,272

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$372$10,719$11,091
Other Land Buildings$0$4,372$4,372
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tracy LyonsExecutive DirectorFT$68,842$68,842

Board Members and Trustees

NameTitle
John StallardImmediate Past President
Jim JonesPresident
Bobbie WagnerVice President
Ben WorthDirector
Christy HarrisDirector
Holly OstbyDirector
Janie HarrisDirector
Jay WilliamsDirector
John MccoyDirector
Katherine BrinkleyDirector
Kelli WoodardDirector
Lauren WelshDirector
Patrick BlevinsDirector
Shane GonsalvesDirector
Sheri WilcoxDirector
Susan KirbyDirector
Tim BraddickDirector
Stacy StevensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$158,274
Program Service Revenue
$2,865
Investment Income
$922
Other Revenue
$30,088
All Other Contributions
$77,216
Change in Net Assets
$-14,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$166,330
Other Expenses$40,652
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---$68,842
Other Salaries and Wages---$63,625
Occupancy---$18,986
Other Employee Benefits---$17,459
Payroll Taxes---$12,308
Pension Plan Contributions---$4,096
Office Expenses---$3,905
Information Technology---$1,641
Conferences and Meetings---$1,638
Fees for Services Other---$1,624
Insurance---$1,547
Other Expenses---$755
Fees for Services Accounting---$638
Depreciation Depletion---$124
Total Functional Expenses$0$0$0$206,982
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$52,183
Fundraising Direct Expenses$34,307
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$34,890$34,890$2,167$32,723
Beer & Wine Festival$2,055$2,055$751$1,304
Total Events$52,183$52,183$34,307$17,876
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$530
Scholarships Payable$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
2021-07-22
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 C Penix
Phone
5404637121
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt018986
IRS990/OfficeExpensesGrp/TotalAmt03905
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017459
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT EXPENSES
IRS990/OtherExpensesGrp/Desc1MARKETING
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt08228
IRS990/OtherExpensesGrp/TotalAmt11566
IRS990/OtherExpensesGrp/TotalAmt2755
IRS990/OtherLiabilitiesGrp/BOYAmt04759
IRS990/OtherLiabilitiesGrp/EOYAmt01030
IRS990/OtherRevenueMiscGrp/BusinessCd0561499
IRS990/OtherRevenueMiscGrp/BusinessCd1561499
IRS990/OtherRevenueMiscGrp/Desc0PRINT PUBLICATIONS
IRS990/OtherRevenueMiscGrp/Desc1OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt06399
IRS990/OtherRevenueMiscGrp/ExclusionAmt15813
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06399
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15813
IRS990/OtherRevenueTotalAmt012212
IRS990/OtherSalariesAndWagesGrp/TotalAmt063625
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt012308
IRS990/PensionPlanContributionsGrp/TotalAmt04096
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0100
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt091
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/Desc2CHEERS WITH THE CHAMBE
IRS990/ProgramServiceRevenueGrp/Desc3B@B
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01075
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1895
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2650
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3245
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTES ECONOMIC DEVELOPMENT IN THE LEXINGTON-ROCKBRIDGE COUNTY AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01267
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0183449
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0142
IRS990/PYOtherExpensesAmt055884
IRS990/PYOtherRevenueAmt036147
IRS990/PYProgramServiceRevenueAmt06181
IRS990/PYRevenuesLessExpensesAmt010462
IRS990/PYSalariesCompEmpBnftPaidAmt0159573
IRS990/PYTotalExpensesAmt0215457
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0225919
IRS990/ReconcilationRevenueExpnssAmt0-14833
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02865
IRS990/SavingsAndTempCashInvstGrp/BOYAmt046040
IRS990/SavingsAndTempCashInvstGrp/EOYAmt046962
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd01
IRS990ScheduleC/DuesAssessmentsAmt071058
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0372
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010719
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011091
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04372
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04372
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SCHOLARSHIPS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0372
IRS990ScheduleD/TotalLiabilityAmt01030
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034307
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02450
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0250
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02700
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNER DANCE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BEER & WINE FESTIVAL
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt022629
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt0595
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt023224
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt034890
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt02055
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt015238
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt052183
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034890
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt02055
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt015238
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt052183
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017876
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0485
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03403
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02167
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0751
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01200
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt03780
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt04980
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/TotalAssetsBOYAmt063643
IRS990/TotalAssetsEOYAmt061371
IRS990/TotalAssetsGrp/BOYAmt063643
IRS990/TotalAssetsGrp/EOYAmt061371
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0158274
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt0206982
IRS990/TotalGrossUBIAmt00

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)6 • <$500k nonprofits