Civic Intelligence

Alamance County Area Chamber Of

EIN 56-0156970 • 501(c)6 • Burlington, NC

Profile

The mission of the alamance county area chamber of commerce is to enhance the welfare of business and to promote and stimulate economic vitality in the alamance county area for the benefit of its members and the community.

PO Box 450Burlington, NC 27216

www.alamancechamber.com

Siviq Scores

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

Liabilities / Assets

50th percentile

0.05x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.04x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

3rd percentile

-53%

Higher net margin than 3% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$132,318

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 15.6% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

5th percentile

-39%

Faster asset growth than 5% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-11%

Faster revenue growth than 16% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$674,041

Down $432,622 (-39%) from 2023

Liabilities

Up

$31,044

Up $20,183 (+186%) from 2023

Net Assets

Down

$642,997

Down $452,805 (-41%) from 2023

Operations
Liabilities / Revenue49th percentileNet Margin3rd percentile

Revenue

Down

$849,202

Down $105,518 (-11%) from 2023

Expenses

Up

$1,302,007

Up $76,110 (+6.2%) from 2023

Net Income

Down

-$452,805

Down $181,628 (-67%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth5th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $575,532Liabilities 2010: $75Net Assets 2010: $575,4572010Assets 2011: $534,498Liabilities 2011: $123Net Assets 2011: $534,3752011Assets 2012: $489,925Liabilities 2012: $75Net Assets 2012: $489,8502012Assets 2013: $473,613Liabilities 2013: $75Net Assets 2013: $473,5382013Assets 2014: $437,311Liabilities 2014: $0Net Assets 2014: $437,3112014Assets 2015: $563,691Liabilities 2015: $0Net Assets 2015: $563,6912015Assets 2016: $428,342Liabilities 2016: $0Net Assets 2016: $428,3422016Assets 2017: $418,353Liabilities 2017: $0Net Assets 2017: $418,3532017Assets 2018: $347,889Liabilities 2018: $26,075Net Assets 2018: $321,8142018Assets 2019: $312,042Liabilities 2019: $17,500Net Assets 2019: $294,5422019Assets 2020: $435,450Liabilities 2020: $37,794Net Assets 2020: $397,6562020Assets 2021: $438,441Liabilities 2021: $49,342Net Assets 2021: $389,0992021Assets 2022: $1,383,160Liabilities 2022: $16,181Net Assets 2022: $1,366,9792022Assets 2023: $1,106,663Liabilities 2023: $10,861Net Assets 2023: $1,095,8022023Assets 2024: $674,041Liabilities 2024: $31,044Net Assets 2024: $642,9972024

Highlighted filing

2024

Assets$674,041
Liabilities$31,044
Net Assets$642,997
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,095,9222010Expenses 2011: $1,264,7472011Expenses 2012: $1,115,1112012Revenue 2013: $1,079,165Expenses 2013: $1,095,477Net Income 2013: -$16,3122013Revenue 2014: $1,148,316Expenses 2014: $1,184,543Net Income 2014: -$36,2272014Revenue 2015: $989,591Expenses 2015: $863,211Net Income 2015: $126,3802015Revenue 2016: $973,991Expenses 2016: $1,109,340Net Income 2016: -$135,3492016Revenue 2017: $876,802Expenses 2017: $886,792Net Income 2017: -$9,9902017Revenue 2018: $868,211Expenses 2018: $924,306Net Income 2018: -$56,0952018Revenue 2019: $889,658Expenses 2019: $916,930Net Income 2019: -$27,2722019Revenue 2020: $861,822Expenses 2020: $758,708Net Income 2020: $103,1142020Revenue 2021: $668,062Expenses 2021: $676,619Net Income 2021: -$8,5572021Revenue 2022: $1,614,925Expenses 2022: $639,326Net Income 2022: $975,5992022Revenue 2023: $954,720Expenses 2023: $1,225,897Net Income 2023: -$271,1772023Revenue 2024: $849,202Expenses 2024: $1,302,007Net Income 2024: -$452,8052024

Highlighted filing

2024

Revenue$849,202
Expenses$1,302,007
Net Income-$452,805
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$674,041
Liabilities
$31,044
Net assets
$642,997
Revenue
$849,202
Expenses
$1,302,007
Net income
-$452,805
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.67$0.03$0.64$0.85$1.30$0.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.01$1.10$0.95$1.23$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.02$1.37$1.61$0.64$0.98
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.05$0.39$0.67$0.68$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.04$0.40$0.86$0.76$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.02$0.29$0.89$0.92$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.03$0.32$0.87$0.92$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.00$0.42$0.88$0.89$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.00$0.43$0.97$1.11$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.99$0.86$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$1.15$1.18$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$1.08$1.10$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.00$0.49$1.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$1.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$1.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$849,202
Mission and Program Overview

Mission

The mission of the alamance county area chamber of commerce is to enhance the welfare of business and to promote and stimulate economic vitality in the alamance county area for the benefit of its members and the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$891,170$343,789▼ $547,381
Savings and Temporary Cash Investments$133,611$242,320▲ $108,709
Land, Buildings, and Equipment, Net$81,882$87,932▲ $6,050
Total Assets$1,106,663$674,041▼ $432,622
Liabilities
Deferred Revenue$10,861$31,044▲ $20,183
Accounts Payable and Accrued Expenses-$0-
Total Liabilities$10,861$31,044▲ $20,183
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$557,821$592,459▲ $34,638
Net Assets With Donor Restrictions$537,981$50,538▼ $487,443
Total Net Assets Fund Balance$1,095,802$642,997▼ $452,805
Total Liabilities and Net Assets / Fund Balance$1,106,663$674,041▼ $432,622

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,597$512,308$516,905
Equipment$34,760$129,887$164,647
Land$39,941-$39,941
Leasehold Improvements$8,634$15,346$23,980
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reagan GuralPresidentFT$117,500$14,818$132,318

Board Members and Trustees

NameTitle
Griffin McclureChair
Ryan MoffitChair-elect
Doug HymanPast Chair
Marta Moos Resigned Mid-yearVice Chair
Rachel BaldwinVice Chair
Tammy MyrickVice Chair
Tj BowieVice Chair
Allison GantDirector
Charlie NolletteDirector
Cyril NesmithDirector
Jack WootenDirector
John PetersonDirector
Kelly G MayDirector
Mark EppersonDirector
Nikki RatliffDirector
Reed LaplanteDirector
Sam TurnerDirector
Tammy CobbDirector
Tracey GrayzerDirector
Tracy SchmidtDirector
Vivian LangleyDirector
Vykram VijayasekaranDirector
Wade BoetlerDirector
Patricia RhodesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$802,671
Investment Income
$10,588
Other Revenue
$30,943
All Other Contributions
$5,000
Change in Net Assets
$-452,805

Audited Revenue Reconciliation

Revenue per Audited Statements
$849,202
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$849,202
Total Revenue per Form 990
$849,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$854,041
Salaries, Compensation, and Employee Benefits$447,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$233,312
Current Officers, Directors, Trustees, and Key Employees---$132,319
Other Employee Benefits---$41,877
Fees for Services Other---$37,855
Occupancy---$30,000
Payroll Taxes---$27,407
Office Expenses---$17,319
Pension Plan Contributions---$13,051
Fees for Services Accounting---$11,710
Travel---$11,030
Other Expenses---$10,546
Advertising---$9,415
Conferences and Meetings---$7,569
Depreciation Depletion---$7,062
Insurance---$5,672
All Other Expenses---$150
Total Functional Expenses$0$0$0$1,302,007

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,302,007
Total Expenses per Audited Statements$1,302,007
Total Expenses per Form 990$1,302,007
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 2

“Board members nikki ratliff and tammy myrick are siblings.”

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

“The president, treasurer and executive committee reviews the 990. The 990 is then reviewed by the full board at board meeting.”

Form 990, Part VI, Section B, Line 12C

“Each employee is required to sign a conflict of interest policy document annually.”

Form 990, Part VI, Section B, Line 15A

“A search committee was appointed by the board of directors in 2005. The committee negotiated the ceo's contract and it was approved by the board of directors. The contract is reviewed annually.”

Form 990, Part VI, Section C, Line 19

“All governing documents, the conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Alamance County Area Chamber of
EIN
56-0156970
Phone
3362281338
Address
PO BOX 450, BURLINGTON, NC 27216

Signing Officer

Name
Reagan C Gural
Title
President
Phone
3362281338
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reagan C Gural
Formed
1914
Legal Domicile
Nc
Voting Board Members
23
Independent Board Members
23
Employees
8
Volunteers
75

Preparer

Firm
Gilliam Bell Moser Llp
Address
POST OFFICE BOX 621, BURLINGTON, NC 27216-0621
Preparer
J Bradley Moser
Phone
3362276283
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“The organization uses the cash method of accounting with depreciation.”

Raw XML AppendixShowing 400 of 506 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.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE MISSION OF THE ALAMANCE COUNTY AREA CHAMBER OF COMMERCE IS TO ENHANCE THE WELFARE OF BUSINESS AND TO PROMOTE AND STIMULATE ECONOMIC VITALITY IN THE ALAMANCE COUNTY AREA FOR THE BENEFIT OF ITS MEMBERS AND THE COMMUNITY.
IRS990/AdvertisingGrp/TotalAmt09415
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IRS990/BooksInCareOfDetail/PhoneNum03366060102
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IRS990/Desc0DEVELOPMENT OF A HEALTHY ECONOMIC CLIMATE THROUGH MEMBER RELATIONS; ECONOMIC DEVELOPMENT THROUGH WORKSHOPS, SEMINARS, AND TOURS. ATTRACT BUSINESS TO ALAMANCE COUNTY.
IRS990/DescribedInSection501c3Ind00
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IRS990/Form990PartVIISectionAGrp/PersonNm0REED LAPLANTE
IRS990/Form990PartVIISectionAGrp/PersonNm1GRIFFIN MCCLURE
IRS990/Form990PartVIISectionAGrp/PersonNm2DOUG HYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3PATRICIA RHODES
IRS990/Form990PartVIISectionAGrp/PersonNm4RACHEL BALDWIN
IRS990/Form990PartVIISectionAGrp/PersonNm5TJ BOWIE
IRS990/Form990PartVIISectionAGrp/PersonNm6MARTA MOOS RESIGNED MID-YEAR
IRS990/Form990PartVIISectionAGrp/PersonNm7TAMMY MYRICK
IRS990/Form990PartVIISectionAGrp/PersonNm8KELLY G MAY
IRS990/Form990PartVIISectionAGrp/PersonNm9NIKKI RATLIFF
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm11RYAN MOFFIT
IRS990/Form990PartVIISectionAGrp/PersonNm12VIVIAN LANGLEY
IRS990/Form990PartVIISectionAGrp/PersonNm13WADE BOETLER
IRS990/Form990PartVIISectionAGrp/PersonNm14MARK EPPERSON
IRS990/Form990PartVIISectionAGrp/PersonNm15TRACY SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm16TAMMY COBB
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IRS990/Form990PartVIISectionAGrp/PersonNm18ALLISON GANT
IRS990/Form990PartVIISectionAGrp/PersonNm19VYKRAM VIJAYASEKARAN
IRS990/Form990PartVIISectionAGrp/PersonNm20JACK WOOTEN
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IRS990/Form990PartVIISectionAGrp/PersonNm22NIKKI RATLIFF
IRS990/Form990PartVIISectionAGrp/PersonNm23TRACEY GRAYZER
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IRS990/Form990PartVIISectionAGrp/PersonNm25CHARLIE NOLLETTE
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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