Civic Intelligence

Greater Durham Chamber of Commerce

EIN 56-0207530 • 501(c)6 • Durham, NC

Profile

The durham chamber is a member-driven organization that serves its members by helping to create and sustain a healthy economic climate for the durham community.

Post Office Box 3829Durham, NC 27702

www.durhamchamber.org

Siviq Scores

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

Liabilities / Assets

94th percentile

0.77x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.58x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

42nd percentile

2.0%

Higher net margin than 42% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$163,349

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,180,425

Up $185,085 (+19%) from 2023

Liabilities

Up

$911,480

Up $153,457 (+20%) from 2023

Net Assets

Up

$268,945

Up $31,628 (+13%) from 2023

Revenue

Up

$1,572,770

Up $154,671 (+11%) from 2023

Expenses

Up

$1,541,142

Up $55,997 (+3.8%) from 2023

Net Income

Up

$31,628

Up $98,674 (+147%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $933,951Liabilities 2011: $876,310Net Assets 2011: $57,6412011Assets 2012: $532,787Liabilities 2012: $831,249Net Assets 2012: -$298,4622012Assets 2013: $594,000Liabilities 2013: $738,587Net Assets 2013: -$144,5872013Assets 2014: $766,273Liabilities 2014: $845,159Net Assets 2014: -$78,8862014Assets 2015: $965,209Liabilities 2015: $865,091Net Assets 2015: $100,1182015Assets 2016: $1,141,163Liabilities 2016: $828,818Net Assets 2016: $312,3452016Assets 2017: $1,176,453Liabilities 2017: $748,650Net Assets 2017: $427,8032017Assets 2018: $1,061,169Liabilities 2018: $804,094Net Assets 2018: $257,0752018Assets 2019: $1,414,018Liabilities 2019: $1,033,987Net Assets 2019: $380,0312019Assets 2020: $1,363,481Liabilities 2020: $919,064Net Assets 2020: $444,4172020Assets 2021: $1,384,459Liabilities 2021: $908,426Net Assets 2021: $476,0332021Assets 2022: $1,044,368Liabilities 2022: $740,005Net Assets 2022: $304,3632022Assets 2023: $995,340Liabilities 2023: $758,023Net Assets 2023: $237,3172023Assets 2024: $1,180,425Liabilities 2024: $911,480Net Assets 2024: $268,9452024

Highlighted filing

2024

Assets$1,180,425
Liabilities$911,480
Net Assets$268,945

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,808,367Expenses 2011: $1,780,306Net Income 2011: $28,0612011Revenue 2012: $1,219,872Expenses 2012: $1,575,975Net Income 2012: -$356,1032012Revenue 2013: $1,423,265Expenses 2013: $1,269,390Net Income 2013: $153,8752013Revenue 2014: $1,489,894Expenses 2014: $1,424,193Net Income 2014: $65,7012014Revenue 2015: $1,502,662Expenses 2015: $1,323,658Net Income 2015: $179,0042015Revenue 2016: $1,386,930Expenses 2016: $1,174,703Net Income 2016: $212,2272016Revenue 2017: $1,327,948Expenses 2017: $1,212,490Net Income 2017: $115,4582017Revenue 2018: $1,249,002Expenses 2018: $1,419,730Net Income 2018: -$170,7282018Revenue 2019: $1,331,598Expenses 2019: $1,313,704Net Income 2019: $17,8942019Revenue 2020: $1,265,437Expenses 2020: $1,201,051Net Income 2020: $64,3862020Revenue 2021: $1,151,086Expenses 2021: $1,119,470Net Income 2021: $31,6162021Revenue 2022: $1,062,935Expenses 2022: $1,234,605Net Income 2022: -$171,6702022Revenue 2023: $1,418,099Expenses 2023: $1,485,145Net Income 2023: -$67,0462023Revenue 2024: $1,572,770Expenses 2024: $1,541,142Net Income 2024: $31,6282024

Highlighted filing

2024

Revenue$1,572,770
Expenses$1,541,142
Net Income$31,628

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$0.91$0.27$1.57$1.54$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.00$0.76$0.24$1.42$1.49$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.74$0.30$1.06$1.23$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.38$0.91$0.48$1.15$1.12$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.36$0.92$0.44$1.27$1.20$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.41$1.03$0.38$1.33$1.31$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.80$0.26$1.25$1.42$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.75$0.43$1.33$1.21$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.14$0.83$0.31$1.39$1.17$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.87$0.10$1.50$1.32$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.85$0.08$1.49$1.42$0.07
2013Summary only. Only limited summary data is available for this year.$0.59$0.74$0.14$1.42$1.27$0.15
2012Summary only. Only limited summary data is available for this year.$0.53$0.83$0.30$1.22$1.58$0.36
2011Summary only. Only limited summary data is available for this year.$0.93$0.88$0.06$1.81$1.78$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,572,770
Mission and Program Overview

Mission

The durham chamber is an advocate for initiatives that foster our innovative business environment and create opportunities for durham and its residents to thrive and grow.

To serve our members by creating and sustaining a healthy economic climate for the durham community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$573,267$860,453▲ $287,186
Cash and Non-Interest-Bearing Accounts$176,323$102,616▼ $73,707
Accounts Receivable$32,044$70,046▲ $38,002
Land, Buildings, and Equipment, Net$49,859$30,633▼ $19,226
Prepaid Expenses and Deferred Charges$17,138$20,053▲ $2,915
Total Assets$995,340$1,180,425▲ $185,085
Other Assets Total$146,709$96,624▼ $50,085
Liabilities
Other Liabilities$439,445$418,808▼ $20,637
Deferred Revenue$227,544$377,999▲ $150,455
Accounts Payable and Accrued Expenses$91,034$114,673▲ $23,639
Total Liabilities$758,023$911,480▲ $153,457
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$237,317$268,945▲ $31,628
Total Net Assets Fund Balance$237,317$268,945▲ $31,628
Total Liabilities and Net Assets / Fund Balance$995,340$1,180,425▲ $185,085

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$815$110,314$111,129
Leasehold Improvements$16,862$80,619$97,481
Other Land Buildings$12,956$63,314$76,270
Other Assets Org$96,624--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Geoff DurhamSecretary & CEOFT$144,825$18,524$163,349

Board Members and Trustees

NameTitle
Tobias RoseChair
Stelfanie WilliamsImmediate Past Chair
Dominique Cole JohnsonVice Chair/chair Elect
Ashlee SmartDirector
Dorian BoldenDirector
Doug HeronDirector
Jane BrasierDirector
Jb BuxtonDirector
Jeff TerrellDirector
Jordan ClarkDirector
Lilyn HesterDirector
Marlene SpritzerDirector
Michael PageDirector
Mike LandguthDirector
Rory GillisDirector
Scott LevitanDirector
Sharon CrawfordDirector
Shaylah Nunn-jonesDirector
Travis RouseDirector
Robert NelsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,533,489
Investment Income
$18,164
Other Revenue
$21,117
Change in Net Assets
$31,628

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,717,300
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$63,600
Total Revenue per Audited Statements
$1,780,900
Total Revenue per Form 990
$1,717,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$791,721
Salaries, Compensation, and Employee Benefits$749,421
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$484,821
Conferences and Meetings---$310,406
Current Officers, Directors, Trustees, and Key Employees---$163,349
Occupancy---$111,737
Advertising---$99,613
Fees for Services Accounting---$89,483
Office Expenses---$82,189
Payroll Taxes---$48,018
Fees for Services Other---$27,625
Other Employee Benefits---$26,651
Pension Plan Contributions---$26,582
Depreciation Depletion---$22,988
Travel---$7,913
Other Expenses---$3,307
Interest---$1,424
Fees for Services Legal---$163
Total Functional Expenses$0$0$0$1,541,142

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,658,115
Expenses per Audited Statements$1,594,515
Total Expenses per Form 990$1,594,515
Expenses Not Reported on Form 990$63,600
Expenses Not Reported on Financial Statements$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
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$48,275
Total Nondeductible Lobbying and Political Cost$48,275
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contingent Liability$385,000
Deferred Rent Payments$33,808
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is a membership organization. There are no classes of members.

Form 990, Part VI, Section A, Line 7A

All members have the right to participate in the election of board members.

Form 990, Part VI, Section A, Line 8B

Committees with authority to act on the entity's behalf do not contemporaneously document the actions of their meetings. Rather, this information is verbally reported by the committee chairman to the governing body at their meeting, which is contemporaneously documented.

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

The form 990 is reviewed by the finance committee before being filed and is reviewed by the executive committee subsequent to filing.

Form 990, Part VI, Section B, Line 15

The executive committee is responsible for reviewing and determining compensation for the ceo. Comparable data and outside sources are used in making the determination. The ceo reviews and sets compensation for other employees.

Form 990, Part VI, Section C, Line 19

The governing documents and form 990 are made available to the public either by a direct request or by viewing the form 990 on guidestar.

Filing and Contact Details

Filer

Filer Name
Greater Durham Chamber of Commerce
EIN
56-0207530
Phone
9193288700
Address
POST OFFICE BOX 3829, DURHAM, NC 27702

Signing Officer

Name
Geoff Durham
Title
Secretary & CEO
Phone
9193288700
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Geoff Durham
Formed
1906
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
11
Volunteers
65

Preparer

Firm
Thomas Judy & Tucker Pa
Address
4700 FALLS OF NEUSE ROAD SUITE 400, RALEIGH, NC 27609
Preparer
Kristen Hoyle CPA
Phone
9195717055
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Neither the oversight of the audit process or selection of an independent accountant process has changed from the prior year.

Raw XML AppendixShowing 400 of 521 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR/CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20SECRETARY & CEO
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IRS990/MissionDesc0THE DURHAM CHAMBER IS A MEMBER-DRIVEN ORGANIZATION THAT SERVES ITS MEMBERS BY HELPING TO CREATE AND SUSTAIN A HEALTHY ECONOMIC CLIMATE FOR THE DURHAM COMMUNITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT - CREATE AND SUSTAIN A HEALTHY ECONOMIC CLIMATE FOR THE DURHAM COMMUNITY BY COORDINATING ECONOMIC DEVELOPMENT EFFORTS AND ACTIVITIES BETWEEN BUSINESSES AND STATE, COUNTY, CITY, AND OTHER LOCAL OFFICIALS AND ENTITIES. THE CHAMBER IS THE PREMIER CONDUIT FOR BUINESS CONNECTIONS AND ECONOMIC GROWTH IN DURHAM COUNTY. WITH A ROBUST TALENT PIPELINE, A THRIVING ECOSYSTEM OF TECHNOLOGY, LIFE SCIENCES, MANUFACTURING, AND OTHER INDUSTRIES, SPANNING RESEARCH TRIANGLE PARK, DURHAM IS THE IDEAL PLACE TO GROW YOUR BUSINESS.
IRS990/ProgSrvcAccomActy3Grp/Desc0GOVERNMENTAL DIVISION - ON BEHALF OF ITS MEMBER, THE CHAMBER MAINTAINS CONSTANT COMMUNICATION AND OPPORTUNITIES TO ENGAGE WITH OUR PARTNERS AT THE LOCAL, REGIONAL, STATE, AND FEDERAL LEVELS TO INFLUENCE DIRECT AND INDIRECT BUSINESS ISSUES LIKE ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, EDUCIATION, HEALTH, TRANSPORTATION, HOUSING, PLANNING, COMMUNITY SAFETY, AND SUSTAINABILITY.
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