Civic Intelligence

Business High Point Inc D/B/A High Point Chamber of Commerce

EIN 56-0473292 • 501(c)6 • High Point, NC

Profile

The high point chamber of commerce is dedicated to encouraging economic growth in the piedmont triad region of north carolina. The chamber is an advocate for our members and our community on business-related issues and participates in initiatives that positively affect the quality of life in our community. Through member feedback, the chamber provides benefits and services to help our members reach their business potential and our community to remain globally competitive.

PO Box 5025High Point, NC 27262

www.highpointchamber.org

Siviq Scores

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

Liabilities / Assets

97th percentile

1.00x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

99th percentile

2.61x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

15th percentile

-8.2%

Higher net margin than 15% of similar nonprofits.

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

Top Officer Pay

64th percentile

$180,698

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

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

Asset Growth

59th percentile

8.0%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

10th percentile

-15%

Faster revenue growth than 10% of similar nonprofits.

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

Assets

Up

$4,220,945

Up $311,675 (+8.0%) from 2023

Liabilities

Up

$4,213,151

Up $443,442 (+12%) from 2023

Net Assets

Down

$7,794

Down $131,767 (-94%) from 2023

Revenue

Down

$1,613,170

Down $274,749 (-15%) from 2023

Expenses

Down

$1,744,937

Down $264,453 (-13%) from 2023

Net Income

Down

-$131,767

Down $10,296 (-8.5%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $224,568Liabilities 2011: $96,605Net Assets 2011: $127,9632011Assets 2012: $191,578Liabilities 2012: $104,041Net Assets 2012: $87,5372012Assets 2013: $133,865Liabilities 2013: $38,160Net Assets 2013: $95,7052013Assets 2014: $123,290Liabilities 2014: $21,864Net Assets 2014: $101,4262014Assets 2015: $312,438Liabilities 2015: $29,969Net Assets 2015: $282,4692015Assets 2016: $164,152Liabilities 2016: $39,729Net Assets 2016: $124,4232016Assets 2017: $128,828Liabilities 2017: $200,655Net Assets 2017: -$71,8272017Assets 2018: $159,205Liabilities 2018: $323,880Net Assets 2018: -$164,6752018Assets 2019: $126,072Liabilities 2019: $463,897Net Assets 2019: -$337,8252019Assets 2020: $194,858Liabilities 2020: $619,734Net Assets 2020: -$424,8762020Assets 2021: $190,172Liabilities 2021: $793,898Net Assets 2021: -$603,7262021Assets 2022: $4,151,194Liabilities 2022: $977,714Net Assets 2022: $3,173,4802022Assets 2023: $3,909,270Liabilities 2023: $3,769,709Net Assets 2023: $139,5612023Assets 2024: $4,220,945Liabilities 2024: $4,213,151Net Assets 2024: $7,7942024

Highlighted filing

2024

Assets$4,220,945
Liabilities$4,213,151
Net Assets$7,794

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $674,099Expenses 2011: $655,114Net Income 2011: $18,9852011Revenue 2012: $742,725Expenses 2012: $783,151Net Income 2012: -$40,4262012Revenue 2013: $540,602Expenses 2013: $530,254Net Income 2013: $10,3482013Revenue 2014: $536,378Expenses 2014: $530,657Net Income 2014: $5,7212014Revenue 2015: $689,760Expenses 2015: $591,268Net Income 2015: $98,4922015Revenue 2016: $749,475Expenses 2016: $907,521Net Income 2016: -$158,0462016Revenue 2017: $752,490Expenses 2017: $948,740Net Income 2017: -$196,2502017Revenue 2018: $821,495Expenses 2018: $914,343Net Income 2018: -$92,8482018Revenue 2019: $841,729Expenses 2019: $1,014,879Net Income 2019: -$173,1502019Revenue 2020: $859,925Expenses 2020: $946,976Net Income 2020: -$87,0512020Revenue 2021: $849,981Expenses 2021: $1,028,831Net Income 2021: -$178,8502021Revenue 2022: $5,247,992Expenses 2022: $1,470,786Net Income 2022: $3,777,2062022Revenue 2023: $1,887,919Expenses 2023: $2,009,390Net Income 2023: -$121,4712023Revenue 2024: $1,613,170Expenses 2024: $1,744,937Net Income 2024: -$131,7672024

Highlighted filing

2024

Revenue$1,613,170
Expenses$1,744,937
Net Income-$131,767

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$4.21$0.01$1.61$1.74$0.13
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$3.77$0.14$1.89$2.01$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.98$3.17$5.25$1.47$3.78
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.79$0.60$0.85$1.03$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.62$0.42$0.86$0.95$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.46$0.34$0.84$1.01$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.32$0.16$0.82$0.91$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.20$0.07$0.75$0.95$0.20
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.04$0.12$0.75$0.91$0.16
2015Summary only. Only limited summary data is available for this year.$0.31$0.03$0.28$0.69$0.59$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.02$0.10$0.54$0.53$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.13$0.04$0.10$0.54$0.53$0.01
2012Summary only. Only limited summary data is available for this year.$0.19$0.10$0.09$0.74$0.78$0.04
2011Summary only. Only limited summary data is available for this year.$0.22$0.10$0.13$0.67$0.66$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$1,613,170
Mission and Program Overview

Mission

The high point chamber of commerce is dedicated to encouraging economic growth in the piedmont triad region of north carolina. The chamber is an advocate for our members and our community on business-related issues and participates in initiatives that positively affect the quality of life in our community. Through member feedback, the chamber provides benefits and services to help our members reach their business potential and our community to remain globally competitive.

The mission of business high point, inc. Is to be the champion of free enterprise for high point and the triad region. The chamber wants to assist all of our members and the community at large to prosper and advance by providing service to support and foster an environment in which the community can thrive. The chamber strives to continuously be informed and keep members informed of the issues that effect business today. The chamber offers access to expert advice through forums and seminars, as well as assistance connecting members to experts through our membership network.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$231,506$2,994,511▲ $2,763,005
Savings and Temporary Cash Investments$2,434,302--
Land, Buildings, and Equipment, Net$1,015,994$959,331▼ $56,663
Accounts Receivable$217,468$267,103▲ $49,635
Prepaid Expenses and Deferred Charges$10,000$0▼ $10,000
Total Assets$3,909,270$4,220,945▲ $311,675
Liabilities
Deferred Revenue$2,204,910$2,786,822▲ $581,912
Other Liabilities$1,437,564$1,375,138▼ $62,426
Accounts Payable and Accrued Expenses$127,235$51,191▼ $76,044
Total Liabilities$3,769,709$4,213,151▲ $443,442
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$139,561$7,794▼ $131,767
Total Net Assets Fund Balance$139,561$7,794▼ $131,767
Total Liabilities and Net Assets / Fund Balance$3,909,270$4,220,945▲ $311,675

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$473,892-$473,892
Leasehold Improvements$335,887$53,462$389,349
Equipment$149,552$40,971$190,523
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rachel CollinsPresident & CEOFT$169,950$10,748$180,698

Board Members and Trustees

NameTitle
Greg YorkChairman, Director
Maurice HullChairman-elect, Director
Alan ScheppmannDirector
Alex MooreDirector
Amy SmithDirector
Anthony ClarkeDirector
Ashley Davis WilliamDirector
Chad FryeDirector
Chris BryanDirector
Chris DunbarDirector
Christi BarbourDirector
Cyril JeffersonDirector
David CongdonDirector
David MillerDirector
Deno AdkinsDirector
Dr Jim HoestraDirector
Earl CongdonDirector
Frank ThomasDirector
Iv CulpDirector
Jim HoeksraDirector
Julie MessnerDirector
Lenny PetersDirector
Mark NorcrossDirector
Mark PrinceDirector
Matt ThielDirector
Megan OlgesbyDirector
Melody BurnettDirector
Michael QubeinDirector
Robert RogersDirector
Scott TilleyDirector
Tammy NagemDirector
Whitney OakleyDirector
Zach NichloasDirector
David RamseySecretary, Director
Darlene LeonardTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$519,338
Program Service Revenue
$1,034,594
Investment Income
$59,238
Other Revenue
$0
All Other Contributions
$100,000
Change in Net Assets
$-131,767

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,613,170
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,613,170
Total Revenue per Form 990
$1,613,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$931,956
Salaries, Compensation, and Employee Benefits$812,981
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$494,556
Current Officers, Directors, Trustees, and Key Employees---$180,698
Other Employee Benefits---$84,995
Fees for Services Lobbying---$74,459
All Other Expenses---$73,527
Travel---$64,097
Payroll Taxes---$52,732
Fees for Services Management---$49,208
Fees for Services Accounting---$45,788
Depreciation Depletion---$45,478
Occupancy---$36,660
Other Expenses---$34,222
Office Expenses---$29,860
Conferences and Meetings---$26,858
Insurance---$12,558
Fees for Services Legal---$140
Total Functional Expenses$0$0$0$1,744,937

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,744,937
Total Expenses per Audited Statements$1,744,937
Total Expenses per Form 990$1,744,937
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to High Point Chamber Foundation$883,578
Operating Lease Liability$490,812
Credit Card Payable$748
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
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 B, Line 11B

The president and treasurer provide the governing body with a copy of form 990 by e-mail or at a meeting prior to it being filed.

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

Before an employee accepts secondary employment or contract work outside the chamber, they must have the president's approval. Employees who are exposed to confidential information may be required to sign a nondisclosure agreement as a condition of employment. The complete statement of conflict of interest is in the employee manual.

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

The executive board determines the president/ceo's salary. The board of directors approves the budget which includes a total amount of compensation. The president/ceo then determines the salaries of the other employees.

Form 990, Part VI, Section C, Line 18

Business high point's form 990 will be made available to the public upon request.

Form 990, Part VI, Section C, Line 19

High point chamber of commerce will make compiled financial statements, conflict of interest policy and its governing documents available to its members upon request.

Filing and Contact Details

Filer

Filer Name
Business High Point Inc
EIN
56-0473292
Phone
3368825000
Address
PO BOX 5025, HIGH POINT, NC 27262

Signing Officer

Name
Rachel Collins
Title
CEO
Phone
3368825000
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Collins
Formed
1908
Legal Domicile
Nc
Voting Board Members
35
Independent Board Members
35
Employees
0
Volunteers
0

Preparer

Firm
Williams Overman Pierce Llp
Address
328 E MARKET STREET SUITE 100, GREENSBORO, NC 27401
Preparer
Maryellen Prance CPA
Phone
3362751686
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process did not change from the prior year.

Financial Statement Notes

PART X, LINE 2:

Management has analyzed the tax positions taken by the organization, and has concluded that as of december 31, 2024 and 2023, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for tax years prior to 2021.

Raw XML AppendixShowing 400 of 600 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/AccountsReceivableGrp/EOYAmt0267103
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE MISSION OF BUSINESS HIGH POINT, INC. IS TO BE THE CHAMPION OF FREE ENTERPRISE FOR HIGH POINT AND THE TRIAD REGION. THE CHAMBER WANTS TO ASSIST ALL OF OUR MEMBERS AND THE COMMUNITY AT LARGE TO PROSPER AND ADVANCE BY PROVIDING SERVICE TO SUPPORT AND FOSTER AN ENVIRONMENT IN WHICH THE COMMUNITY CAN THRIVE. THE CHAMBER STRIVES TO CONTINUOUSLY BE INFORMED AND KEEP MEMBERS INFORMED OF THE ISSUES THAT EFFECT BUSINESS TODAY. THE CHAMBER OFFERS ACCESS TO EXPERT ADVICE THROUGH FORUMS AND SEMINARS, AS WELL AS ASSISTANCE CONNECTING MEMBERS TO EXPERTS THROUGH OUR MEMBERSHIP NETWORK.
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IRS990/Form990PartVIISectionAGrp/PersonNm3CHRIS DUNBAR
IRS990/Form990PartVIISectionAGrp/PersonNm4CYRIL JEFFERSON
IRS990/Form990PartVIISectionAGrp/PersonNm5DENO ADKINS
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IRS990/Form990PartVIISectionAGrp/PersonNm7ALAN SCHEPPMANN
IRS990/Form990PartVIISectionAGrp/PersonNm8IV CULP
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IRS990/Form990PartVIISectionAGrp/PersonNm10ASHLEY DAVIS WILLIAM
IRS990/Form990PartVIISectionAGrp/PersonNm11MARK PRINCE
IRS990/Form990PartVIISectionAGrp/PersonNm12ANTHONY CLARKE
IRS990/Form990PartVIISectionAGrp/PersonNm13WHITNEY OAKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm14TAMMY NAGEM
IRS990/Form990PartVIISectionAGrp/PersonNm15JIM HOEKSRA
IRS990/Form990PartVIISectionAGrp/PersonNm16DR JIM HOESTRA
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL QUBEIN
IRS990/Form990PartVIISectionAGrp/PersonNm18JULIE MESSNER
IRS990/Form990PartVIISectionAGrp/PersonNm19DAVID RAMSEY
IRS990/Form990PartVIISectionAGrp/PersonNm20MARK NORCROSS
IRS990/Form990PartVIISectionAGrp/PersonNm21MAURICE HULL
IRS990/Form990PartVIISectionAGrp/PersonNm22FRANK THOMAS
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IRS990/Form990PartVIISectionAGrp/PersonNm24EARL CONGDON
IRS990/Form990PartVIISectionAGrp/PersonNm25ROBERT ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm26MATT THIEL
IRS990/Form990PartVIISectionAGrp/PersonNm27AMY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm28ALEX MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm29CHRIS BRYAN
IRS990/Form990PartVIISectionAGrp/PersonNm30SCOTT TILLEY
IRS990/Form990PartVIISectionAGrp/PersonNm31ZACH NICHLOAS
IRS990/Form990PartVIISectionAGrp/PersonNm32CHAD FRYE
IRS990/Form990PartVIISectionAGrp/PersonNm33GREG YORK
IRS990/Form990PartVIISectionAGrp/PersonNm34MELODY BURNETT
IRS990/Form990PartVIISectionAGrp/PersonNm35RACHEL COLLINS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHAIRMAN-ELECT, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33CHAIRMAN, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35PRESIDENT & CEO
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IRS990/MissionDesc0BUSINESS HIGH POINT, INC. IS DEDICATED TO ENCOURAGING ECONOMIC GROWTH IN THE PIEDMONT TRIAD REGION OF NORTH CAROLINA. THE CHAMBER IS AN ADVOCATE FOR OUR MEMBERS AND OUR COMMUNITY ON BUSINESS-RELATED ISSUES AND PARTICIPATES IN INITIATIVES THAT POSITIVELY AFFECT THE QUALITY OF LIFE IN OUR COMMUNITY. THROUGH MEMBER FEEDBACK, THE CHAMBER PROVIDES BENEFITS AND SERVICES TO HELP OUR MEMBERS REACH THEIR BUSINESS POTENTIAL AND OUR COMMUNITY TO REMAIN GLOBALLY COMPETITIVE.
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IRS990/OtherExpensesGrp/Desc0SHOPS ON WASHINGTON GRA
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IRS990/OtherExpensesGrp/Desc2MEALS AND ENTERTAINMENT
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