Civic Intelligence

Business High Point Inc

990 • Fiscal year 2018 • EIN 56-0473292

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

Organization ProfileWWW.HIGHPOINTCHAMBER.ORG

View Organization Page

P O Box 5025High Point, NC 27262

(336) 882-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

2.03x

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

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

85th percentile

0.39x

Higher debt load relative to revenue than 85% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

12th percentile

-11%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$151,109

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 18.4% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

84th percentile

24%

Faster asset growth than 84% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

9.2%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$159,205

Up $30,377 (+24%) from 2017

Net Assets

Down

-$164,675

Down $92,848 (-129%) from 2017

Liabilities

Up

$323,880

Up $123,225 (+61%) from 2017

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin12th percentile

Revenue

Up

$821,495

Up $69,005 (+9.2%) from 2017

Expenses

Down

$914,343

Down $34,397 (-3.6%) from 2017

Net Income

Up

-$92,848

Up $103,402 (+53%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2018

Assets$159,205
Liabilities$323,880
Net Assets-$164,675
Open 2018 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$821,495
Expenses$914,343
Net Income-$92,848
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$821,495
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 the high point chamber of commerce 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
Accounts Receivable$73,563$86,985▲ $13,422
Cash and Non-Interest-Bearing Accounts$54,539$71,511▲ $16,972
Land, Buildings, and Equipment, Net$726$620▼ $106
Total Assets$128,828$159,205▲ $30,377
Other Assets Total$0$89▲ $89
Liabilities
Accounts Payable and Accrued Expenses$174,535$317,880▲ $143,345
Deferred Revenue$21,295$6,000▼ $15,295
Other Liabilities$4,825$0▼ $4,825
Total Liabilities$200,655$323,880▲ $123,225
Net Assets / Fund Balance
Unrestricted Net Assets$-71,827$-164,675▼ $92,848
Total Net Assets Fund Balance$-71,827$-164,675▼ $92,848
Total Liabilities and Net Assets / Fund Balance$128,828$159,205▲ $30,377

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$31,531$31,531
Equipment$620$26,104$26,724
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Patrick ChapinPresident & CEOFT$151,109$151,109
Rachel Moss GauldinCOOFT$71,647$71,647

Board Members and Trustees

NameTitle
David CongdonChairman Elect/director
Rev Frank ThomasChairman of the Chamber
Scott TilleyPast Chairman
Arthur SametDirector
Brian GaviganDirector
Carlos OlveraDirector
Chris DunbarDirector
Craig StoneDirector
David BlackDirector
David Griffin JrDirector
David MillerDirector
David SmithDirector
Doyle EarlyDirector
Dr Jim HoestraDirector
Dr Nido QubeinDirector
Dr Randy ParkerDirector
Earl CongdonDirector
Greg DemkoDirector
Greg YorkDirector
Heather Bowers CrossDirector
Jay WagnerDirector
Kristin DaileyDirector
Leah PriceDirector
Leslie KilgoreDirector
Mark NorcrossDirector
Mark PrinceDirector
Maurice HullDirector
Ned CovingtonDirector
Rob CulpDirector
Robert RogersDirector
Robin TeamDirector
Scott EckmanDirector
Tim IldertonDirector
Tim MabeDirector
Royster Tucker IiiSecretary/director
Darlene LeonardTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$610,609
Investment Income
$38
Other Revenue
$210,848
Change in Net Assets
$-92,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$584,513
Other Expenses$329,830
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$239,362
Current Officers, Directors, Trustees, and Key Employees---$222,756
All Other Expenses---$64,145
Other Employee Benefits---$50,122
Pension Plan Contributions---$37,779
Payroll Taxes---$34,494
Other Expenses---$19,906
Insurance---$8,323
Office Expenses---$4,119
Interest---$1,270
Depreciation Depletion---$105
Total Functional Expenses$0$0$0$914,343
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
Backup withholding compliance
Yes
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 statment 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

“High point chamber of commerce 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
P O BOX 5025, HIGH POINT, NC 27262

Signing Officer

Name
Rachel Moss Gauldin
Title
COO/corporate Secretary
Phone
3368825000
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Moss Gauldin
Formed
1908
Legal Domicile
Nc
Voting Board Members
36
Independent Board Members
36
Employees
9
Volunteers
150

Preparer

Firm
Sharrard Mcgee & Co Pa
Address
PO BOX 5869, HIGH POINT, NC 27262
Preparer
Addison Maille
Phone
3368840410
Raw XML AppendixShowing 400 of 595 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/PersonNm25LEAH PRICE
IRS990/Form990PartVIISectionAGrp/PersonNm26MARK PRINCE
IRS990/Form990PartVIISectionAGrp/PersonNm27DR NIDO QUBEIN
IRS990/Form990PartVIISectionAGrp/PersonNm28CRAIG STONE
IRS990/Form990PartVIISectionAGrp/PersonNm29ROBERT ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm30ARTHUR SAMET
IRS990/Form990PartVIISectionAGrp/PersonNm31DAVID SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm32ROBIN TEAM
IRS990/Form990PartVIISectionAGrp/PersonNm33GREG YORK
IRS990/Form990PartVIISectionAGrp/PersonNm34JAY WAGNER
IRS990/Form990PartVIISectionAGrp/PersonNm35PATRICK CHAPIN
IRS990/Form990PartVIISectionAGrp/PersonNm36RACHEL MOSS GAULDIN
IRS990/Form990PartVIISectionAGrp/PersonNm37REV FRANK THOMAS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt350
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN ELECT/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/DIRECTOR
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/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt36COO
IRS990/Form990PartVIISectionAGrp/TitleTxt37CHAIRMAN OF THE CHAMBER
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IRS990/FormationYr01908
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt036
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0821495
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt036
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/MembersOrStockholdersInd00
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IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt044577
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherExpensesGrp/Desc0OFFICE LEASE
IRS990/OtherExpensesGrp/Desc1BUSINESS DEVELOPMENT DI
IRS990/OtherExpensesGrp/Desc2LEASE EXPENSE
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP DIVISION
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IRS990/OtherExpensesGrp/TotalAmt137611
IRS990/OtherExpensesGrp/TotalAmt226351

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$159,205
Liabilities
$323,880
Net assets
-$164,675
Revenue
$821,495
Expenses
$914,343
Net income
-$92,848
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
2018Detailed filing. Detailed filing data is available for this year.$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