Civic Intelligence

Greensboro Area Chamber of Commerce Inc

EIN 56-0245040 • 501(c)6 • Greensboro, NC

Profile

To serve as greensboro, north carolina's principal economic and community development organization. Our goal is to strategically develop a vibrant community that creates, expands, and attracts business while advancing the quality of life for all.

111 W February One PlaceGreensboro, NC 27401

www.greensboro.org

Siviq Scores

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

Liabilities / Assets

49th percentile

0.19x

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

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.38x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

10th percentile

-12%

Higher net margin than 10% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$422,675

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

42nd percentile

3.1%

Faster asset growth than 42% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-5.6%

Faster revenue growth than 17% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,364,597

Up $218,862 (+3.1%) from 2023

Liabilities

Up

$1,434,225

Up $694,461 (+94%) from 2023

Net Assets

Down

$5,930,372

Down $475,599 (-7.4%) from 2023

Revenue

Down

$3,820,298

Down $227,550 (-5.6%) from 2023

Expenses

Up

$4,296,954

Up $270,457 (+6.7%) from 2023

Net Income

Down

-$476,656

Down $498,007 (-2332%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,311,852Liabilities 2010: $392,508Net Assets 2010: $2,919,3442010Assets 2011: $2,713,532Liabilities 2011: $415,784Net Assets 2011: $2,297,7482011Assets 2012: $2,952,284Liabilities 2012: $424,379Net Assets 2012: $2,527,9052012Assets 2013: $2,596,157Liabilities 2013: $406,841Net Assets 2013: $2,189,3162013Assets 2014: $2,518,540Liabilities 2014: $332,939Net Assets 2014: $2,185,6012014Assets 2015: $2,028,728Liabilities 2015: $291,630Net Assets 2015: $1,737,0982015Assets 2016: $2,316,332Liabilities 2016: $658,984Net Assets 2016: $1,657,3482016Assets 2017: $6,304,038Liabilities 2017: $924,699Net Assets 2017: $5,379,3392017Assets 2018: $6,529,385Liabilities 2018: $671,632Net Assets 2018: $5,857,7532018Assets 2019: $5,387,663Liabilities 2019: $598,607Net Assets 2019: $4,789,0562019Assets 2020: $5,006,962Liabilities 2020: $675,093Net Assets 2020: $4,331,8692020Assets 2021: $4,033,383Liabilities 2021: $656,976Net Assets 2021: $3,376,4072021Assets 2022: $7,520,695Liabilities 2022: $1,136,075Net Assets 2022: $6,384,6202022Assets 2023: $7,145,735Liabilities 2023: $739,764Net Assets 2023: $6,405,9712023Assets 2024: $7,364,597Liabilities 2024: $1,434,225Net Assets 2024: $5,930,3722024

Highlighted filing

2024

Assets$7,364,597
Liabilities$1,434,225
Net Assets$5,930,372

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,191,6662010Expenses 2011: $3,235,8402011Expenses 2012: $3,550,2652012Revenue 2013: $3,129,113Expenses 2013: $3,467,702Net Income 2013: -$338,5892013Revenue 2014: $3,705,403Expenses 2014: $3,709,118Net Income 2014: -$3,7152014Revenue 2015: $2,741,077Expenses 2015: $3,189,580Net Income 2015: -$448,5032015Revenue 2016: $3,111,405Expenses 2016: $3,191,157Net Income 2016: -$79,7522016Revenue 2017: $8,199,748Expenses 2017: $4,226,244Net Income 2017: $3,973,5042017Revenue 2018: $4,196,244Expenses 2018: $3,717,830Net Income 2018: $478,4142018Revenue 2019: $2,829,767Expenses 2019: $3,899,603Net Income 2019: -$1,069,8362019Revenue 2020: $2,817,556Expenses 2020: $3,275,889Net Income 2020: -$458,3332020Revenue 2021: $2,653,398Expenses 2021: $3,608,860Net Income 2021: -$955,4622021Revenue 2022: $7,766,217Expenses 2022: $4,141,276Net Income 2022: $3,624,9412022Revenue 2023: $4,047,848Expenses 2023: $4,026,497Net Income 2023: $21,3512023Revenue 2024: $3,820,298Expenses 2024: $4,296,954Net Income 2024: -$476,6562024

Highlighted filing

2024

Revenue$3,820,298
Expenses$4,296,954
Net Income-$476,656

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.36$1.43$5.93$3.82$4.30$0.48
2023Detailed filing. Detailed filing data is available for this year.$7.15$0.74$6.41$4.05$4.03$0.02
2022Detailed filing. Detailed filing data is available for this year.$7.52$1.14$6.38$7.77$4.14$3.62
2021Detailed filing. Detailed filing data is available for this year.$4.03$0.66$3.38$2.65$3.61$0.96
2020Detailed filing. Detailed filing data is available for this year.$5.01$0.68$4.33$2.82$3.28$0.46
2019Detailed filing. Detailed filing data is available for this year.$5.39$0.60$4.79$2.83$3.90$1.07
2018Detailed filing. Detailed filing data is available for this year.$6.53$0.67$5.86$4.20$3.72$0.48
2017Detailed filing. Detailed filing data is available for this year.$6.30$0.92$5.38$8.20$4.23$3.97
2016Detailed filing. Detailed filing data is available for this year.$2.32$0.66$1.66$3.11$3.19$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.03$0.29$1.74$2.74$3.19$0.45
2014Detailed filing. Detailed filing data is available for this year.$2.52$0.33$2.19$3.71$3.71$0.00
2013Detailed filing. Detailed filing data is available for this year.$2.60$0.41$2.19$3.13$3.47$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.42$2.53$3.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.42$2.30$3.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$0.39$2.92$3.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.1
Gross Receipts
$3,820,994
Mission and Program Overview

Mission

To serve as greensboro, north carolina's principal economic and community development organization. Our goal is to strategically develop a vibrant community that creates, expands, and attracts business while advancing the quality of life for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$4,103,749$3,199,738▼ $904,011
Savings and Temporary Cash Investments$2,371,883$2,837,187▲ $465,304
Cash and Non-Interest-Bearing Accounts$489,555$673,168▲ $183,613
Prepaid Expenses and Deferred Charges$43,462$49,143▲ $5,681
Investments Other Securities$15,000$15,000→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$7,145,735$7,364,597▲ $218,862
Other Assets Total$122,086$590,361▲ $468,275
Liabilities
Accounts Payable and Accrued Expenses$461,948$679,437▲ $217,489
Other Liabilities$122,086$590,361▲ $468,275
Deferred Revenue$155,730$164,427▲ $8,697
Total Liabilities$739,764$1,434,225▲ $694,461
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,583,800$3,385,400▼ $1,198,400
Net Assets Without Donor Restrictions$1,822,171$2,544,972▲ $722,801
Total Net Assets Fund Balance$6,405,971$5,930,372▼ $475,599
Total Liabilities and Net Assets / Fund Balance$7,145,735$7,364,597▲ $218,862

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$292,835$292,835
Leasehold Improvements$0$20,929$20,929
Other Assets Org$590,361--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James B ChristensenPresident/CEOFT$287,000$135,675$422,675
Tracy MyersExecutive VP of Member EngFT$160,000$34,755$194,755
Marvin PriceExecutive VP of Economic DFT$142,000$49,879$191,879
Sandra PostControllerFT$134,800$14,905$149,705
William CheekExecutive VP of Launch GreensboroFT$125,000$9,556$134,556
Jacob KeysIncoming VP, Marketing & CommunicatFT$46,218$3,426$49,644
Megan MabryOutgoing VP, Marketing & CommunicatFT$29,170$2,078$31,248

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,771,000
Program Service Revenue
$1,706,056
Investment Income
$114,980
Other Revenue
$228,262
All Other Contributions
$1,226,695
Change in Net Assets
$-476,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,369,401
Other Expenses$1,892,553
Grants and Similar Amounts Paid$35,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$1,174,462
Other Salaries and Wages---$887,779
Other Expenses---$308,867
Occupancy---$253,594
Payroll Taxes---$142,637
Other Employee Benefits---$111,042
Fees for Services Other---$86,586
Information Technology---$64,332
Conferences and Meetings---$60,772
Pension Plan Contributions---$53,481
Office Expenses---$52,903
Grants to Domestic Orgs---$35,000
Insurance---$33,710
Fees for Services Accounting---$20,200
Travel---$13,084
Fees for Services Legal---$1,463
Total Functional Expenses$0$0$0$4,296,954
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Action GreensboroGreensboro, NC501(c)(3)TO SUPPORT CAMPUS GREENSBORO FELLOWS PROGRAM; TO SUPPORT THE MADE IN GREENSBORO INITIATIVE TO MARKET THE UNIQUE ASPECTS OF GREENSBORO$35,000
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$6,250
Total Nondeductible Lobbying and Political Cost$6,250
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$590,361
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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 B, Line 11B

The organization's president/ceo, controller, and other finance committee member(s) will review the organization's form 990 prior to filing.

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

Board members are required to disclose annually any conflicts of interest that may exist.

Form 990, Part VI, Section B, Line 15

The process for determining compensation for top management of the organization includes a review and approval by the compensation committee of the board of directors which consists of independent persons, and contemporaneous substantiation of the deliberation and decision.

Form 990, Part VI, Section C, Line 19

The organization does not make available to the general public its governing documents, conflict of interest policy, or financial statements.

Filing and Contact Details

Filer

Filer Name
Greensboro Area Chamber of Commerce Inc
EIN
56-0245040
Phone
3363878300
Address
111 W FEBRUARY ONE PLACE, GREENSBORO, NC 27401

Signing Officer

Name
James B Christensen
Title
President/CEO
Phone
3363878300
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James B Christensen
Formed
1888
Legal Domicile
Nc
Voting Board Members
48
Independent Board Members
48
Employees
33
Volunteers
125

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
John M Robinson
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

It is the chamber's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a more-likely-than-not threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the consolidated financial statements. No material uncertain tax positions were identified for the years ended december 31, 2024 and 2023.

Raw XML AppendixShowing 400 of 868 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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