Civic Intelligence

New Bern Area Chamber of Commerce

EIN 56-0474614 • 501(c)6 • New Bern, NC

Profile

To promote the civic, commercial, and industrial progress of craven county.

PO Drawer CNew Bern, NC 28563

www.newbernchamber.com

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.68x

Higher debt load relative to assets than 93% of similar nonprofits.

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

Liabilities / Revenue

97th percentile

1.00x

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

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

Net Margin

14th percentile

-12%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$107,570

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

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

Asset Growth

15th percentile

-14%

Faster asset growth than 15% of similar nonprofits.

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

Revenue Growth

28th percentile

-3.4%

Faster revenue growth than 28% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$712,483

Down $119,768 (-14%) from 2023

Liabilities

Down

$481,892

Down $61,945 (-11%) from 2023

Net Assets

Down

$230,591

Down $57,823 (-20%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin14th percentile

Revenue

Down

$480,247

Down $16,865 (-3.4%) from 2023

Expenses

Up

$538,070

Up $37,249 (+7.4%) from 2023

Net Income

Down

-$57,823

Down $54,114 (-1459%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth15th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $507,502Liabilities 2011: $140,299Net Assets 2011: $367,2032011Assets 2012: $505,836Liabilities 2012: $151,320Net Assets 2012: $354,5162012Assets 2013: $498,876Liabilities 2013: $128,414Net Assets 2013: $370,4622013Assets 2014: $500,547Liabilities 2014: $134,286Net Assets 2014: $366,2612014Assets 2015: $629,701Liabilities 2015: $239,350Net Assets 2015: $390,3512015Assets 2016: $620,651Liabilities 2016: $234,037Net Assets 2016: $386,6142016Assets 2017: $579,034Liabilities 2017: $226,881Net Assets 2017: $352,1532017Assets 2018: $843,483Liabilities 2018: $540,233Net Assets 2018: $303,2502018Assets 2019: $1,025,240Liabilities 2019: $748,382Net Assets 2019: $276,8582019Assets 2020: $648,003Liabilities 2020: $430,816Net Assets 2020: $217,1872020Assets 2021: $747,979Liabilities 2021: $455,456Net Assets 2021: $292,5232021Assets 2022: $736,534Liabilities 2022: $444,411Net Assets 2022: $292,1232022Assets 2023: $832,251Liabilities 2023: $543,837Net Assets 2023: $288,4142023Assets 2024: $712,483Liabilities 2024: $481,892Net Assets 2024: $230,5912024

Highlighted filing

2024

Assets$712,483
Liabilities$481,892
Net Assets$230,591
Open 2024 Filing

Operations Trend

Revenue Growth28th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $512,203Expenses 2011: $523,008Net Income 2011: -$10,8052011Revenue 2012: $497,242Expenses 2012: $509,929Net Income 2012: -$12,6872012Revenue 2013: $476,653Expenses 2013: $460,707Net Income 2013: $15,9462013Revenue 2014: $479,659Expenses 2014: $483,860Net Income 2014: -$4,2012014Revenue 2015: $516,200Expenses 2015: $492,110Net Income 2015: $24,0902015Revenue 2016: $502,888Expenses 2016: $506,625Net Income 2016: -$3,7372016Revenue 2017: $487,604Expenses 2017: $522,065Net Income 2017: -$34,4612017Revenue 2018: $482,111Expenses 2018: $531,014Net Income 2018: -$48,9032018Revenue 2019: $527,681Expenses 2019: $554,073Net Income 2019: -$26,3922019Revenue 2020: $388,506Expenses 2020: $435,192Net Income 2020: -$46,6862020Revenue 2021: $513,509Expenses 2021: $439,859Net Income 2021: $73,6502021Revenue 2022: $462,301Expenses 2022: $462,704Net Income 2022: -$4032022Revenue 2023: $497,112Expenses 2023: $500,821Net Income 2023: -$3,7092023Revenue 2024: $480,247Expenses 2024: $538,070Net Income 2024: -$57,8232024

Highlighted filing

2024

Revenue$480,247
Expenses$538,070
Net Income-$57,823
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$712,483
Liabilities
$481,892
Net assets
$230,591
Revenue
$480,247
Expenses
$538,070
Net income
-$57,823
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.71$0.48$0.23$0.48$0.54$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.54$0.29$0.50$0.50$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.74$0.44$0.29$0.46$0.46$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.46$0.29$0.51$0.44$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.65$0.43$0.22$0.39$0.44$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.75$0.28$0.53$0.55$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.54$0.30$0.48$0.53$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.23$0.35$0.49$0.52$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.23$0.39$0.50$0.51$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.24$0.39$0.52$0.49$0.02
2014Summary only. Only limited summary data is available for this year.$0.50$0.13$0.37$0.48$0.48$0.00
2013Summary only. Only limited summary data is available for this year.$0.50$0.13$0.37$0.48$0.46$0.02
2012Summary only. Only limited summary data is available for this year.$0.51$0.15$0.35$0.50$0.51$0.01
2011Summary only. Only limited summary data is available for this year.$0.51$0.14$0.37$0.51$0.52$0.01
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
$502,275
Mission and Program Overview

Mission

To promote the civic, commercial, and industrial progress of craven county.

The chamber has promoted the area and its economic development through education and marketing of local business opportunity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$507,259$476,221▼ $31,038
Cash and Non-Interest-Bearing Accounts$232,195$159,126▼ $73,069
Accounts Receivable$86,567$61,712▼ $24,855
Prepaid Expenses and Deferred Charges$6,230$15,424▲ $9,194
Total Assets$832,251$712,483▼ $119,768
Liabilities
Mortgage Notes Payable Secured by Investment Property$271,097$254,412▼ $16,685
Deferred Revenue$161,707$181,700▲ $19,993
Accounts Payable and Accrued Expenses$42,353$45,151▲ $2,798
Other Liabilities$68,680$629▼ $68,051
Total Liabilities$543,837$481,892▼ $61,945
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$212,945$155,122▼ $57,823
Net Assets With Donor Restrictions$75,469$75,469→ $0
Total Net Assets Fund Balance$288,414$230,591▼ $57,823
Total Liabilities and Net Assets / Fund Balance$832,251$712,483▼ $119,768

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$454,025$435,735$889,760
Other Land Buildings$11,321$85,497$96,818
Land$10,875-$10,875
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kevin RobertsPresidentFT$107,570$107,570

Board Members and Trustees

NameTitle
Jeff MedlinChair
James BoydImmediate Past Chair
Kyle DickersonIncoming Chair
Amanda BanksDirector
Andy MaclarenDirector
Andy SchneiderDirector
Chris HayterDirector
Chris MccutcheonDirector
Derrick RemerDirector
Grant LoftinDirector
Greg MizeDirector
Janice ThompsonDirector
Jeremy LerayDirector
Jim RobinsonDirector
Judy PierceDirector
Katie GilesDirector
Lindsay SimsDirector
Maureen ClaytonDirector
Melissa RiggleDirector
Mike PechaDirector
Mike RainesDirector
Phil VernelsonDirector
Ross HardemanDirector
Sandy QuinonezDirector
Shane GrantDirector
Stuart BlountDirector
Ed HughesAsst Treasurer
Sandra PhelpsSecretary
Dan RobertsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$324,885
Program Service Revenue
$109,908
Investment Income
$0
Other Revenue
$45,454
Change in Net Assets
$-57,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,060
Salaries, Compensation, and Employee Benefits$261,010
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$113,021
Current Officers, Directors, Trustees, and Key Employees---$107,570
Occupancy---$46,634
Depreciation Depletion---$31,038
Other Employee Benefits---$19,284
Advertising---$18,027
Payroll Taxes---$16,723
Fees for Services Accounting---$15,687
Office Expenses---$13,807
Interest---$12,768
Insurance---$12,036
Conferences and Meetings---$7,330
Other Expenses---$6,218
Information Technology---$5,886
Pension Plan Contributions---$4,412
Fees for Services Legal---$3,185
Travel---$1,516
Total Functional Expenses$0$0$0$538,070
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,232
Fundraising Direct Expenses$21,983
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert Series$31,007$31,007$692$30,315
Mum Fest$9,225$9,225-$9,225
Total Events$40,232$40,232$21,983$18,249
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Liability$629
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990, part vi, line 10 - the chairman of the finance committee reviews the 990 and then sends it to the executive committee for final review and approval to file.”

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

“All board members are required to complete an annual statement, in a form prescribed by the board, disclosing financial, personal, and other interests and relationships that may present a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The executive committee makes recommendations to the board of directors regarding all compensation matters relating to employees. The board of directors votes on whether or not to make these recommendations effective. All discussions and proposals are documented in the minutes of both the executive committee meetings and the board meetings.”

Form 990, Part VI, Section C, Line 18

“The form 990 is available to the public upon request. Addtionally, the form 990 is on guidestar.org”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
New Bern Area Chamber of Commerce
EIN
56-0474614
Phone
2526373111
Address
PO DRAWER C, NEW BERN, NC 28563

Signing Officer

Name
Kevin Roberts
Title
President
Phone
2526373111
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Roberts
Formed
1920
Legal Domicile
Nc
Voting Board Members
30
Independent Board Members
30
Employees
3
Volunteers
0

Preparer

Firm
Williams Scarborough Gray Llp
Address
PO BOX 14008, NEW BERN, NC 28561-4008
Preparer
W Randall Gray CPA
Phone
2526384000
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IRS990/Form990PartVIISectionAGrp/PersonNm29PHIL VERNELSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14INCOMING CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY
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
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