Civic Intelligence

Asheboro Randolph Chamber of Commerce

EIN 56-0475844 • 501(c)6 • Asheboro, NC

Profile

Community development and improvement of local conditions

137 South Fayetteville StreetAsheboro, NC 27203

www.chamber.asheboro.com

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

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

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

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

Net Margin

46th percentile

3.2%

Higher net margin than 46% of similar nonprofits.

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

Top Officer Pay

34th percentile

$68,855

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

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

Asset Growth

29th percentile

-1.4%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

5th percentile

-29%

Faster revenue growth than 5% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$1,058,058

Down $14,687 (-1.4%) from 2023

Liabilities

Down

$5,179

Down $45,287 (-90%) from 2023

Net Assets

Up

$1,052,879

Up $30,600 (+3.0%) from 2023

Operations
Liabilities / Revenue21st percentileNet Margin46th percentile

Revenue

Down

$496,046

Down $201,387 (-29%) from 2023

Expenses

Down

$479,985

Down $200,766 (-29%) from 2023

Net Income

Down

$16,061

Down $621 (-3.7%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $277,666Liabilities 2011: $0Net Assets 2011: $277,6662011Assets 2012: $279,448Liabilities 2012: $0Net Assets 2012: $279,4482012Assets 2013: $285,246Liabilities 2013: $0Net Assets 2013: $285,2462013Assets 2014: $263,730Liabilities 2014: $0Net Assets 2014: $263,7302014Assets 2015: $995,965Liabilities 2015: $0Net Assets 2015: $995,9652015Assets 2016: $1,021,216Liabilities 2016: $33,676Net Assets 2016: $987,5402016Assets 2017: $1,030,764Liabilities 2017: $61,066Net Assets 2017: $969,6982017Assets 2018: $963,318Liabilities 2018: $77,034Net Assets 2018: $886,2842018Assets 2019: $954,808Liabilities 2019: $37,601Net Assets 2019: $917,2072019Assets 2020: $980,406Liabilities 2020: $24,422Net Assets 2020: $955,9842020Assets 2021: $1,060,244Liabilities 2021: $51,988Net Assets 2021: $1,008,2562021Assets 2022: $1,028,438Liabilities 2022: $30,660Net Assets 2022: $997,7782022Assets 2023: $1,072,745Liabilities 2023: $50,466Net Assets 2023: $1,022,2792023Assets 2024: $1,058,058Liabilities 2024: $5,179Net Assets 2024: $1,052,8792024

Highlighted filing

2024

Assets$1,058,058
Liabilities$5,179
Net Assets$1,052,879
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $448,357Expenses 2011: $446,897Net Income 2011: $1,4602011Revenue 2012: $479,759Expenses 2012: $477,977Net Income 2012: $1,7822012Revenue 2013: $468,933Expenses 2013: $467,630Net Income 2013: $1,3032013Revenue 2014: $452,860Expenses 2014: $477,941Net Income 2014: -$25,0812014Revenue 2015: $1,227,130Expenses 2015: $485,314Net Income 2015: $741,8162015Revenue 2016: $448,238Expenses 2016: $477,123Net Income 2016: -$28,8852016Revenue 2017: $424,670Expenses 2017: $462,133Net Income 2017: -$37,4632017Revenue 2018: $409,320Expenses 2018: $481,690Net Income 2018: -$72,3702018Revenue 2019: $531,441Expenses 2019: $492,388Net Income 2019: $39,0532019Revenue 2020: $424,140Expenses 2020: $385,363Net Income 2020: $38,7772020Revenue 2021: $505,946Expenses 2021: $453,674Net Income 2021: $52,2722021Revenue 2022: $639,898Expenses 2022: $650,376Net Income 2022: -$10,4782022Revenue 2023: $697,433Expenses 2023: $680,751Net Income 2023: $16,6822023Revenue 2024: $496,046Expenses 2024: $479,985Net Income 2024: $16,0612024

Highlighted filing

2024

Revenue$496,046
Expenses$479,985
Net Income$16,061
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,058,058
Liabilities
$5,179
Net assets
$1,052,879
Revenue
$496,046
Expenses
$479,985
Net income
$16,061
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.01$1.05$0.50$0.48$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.05$1.02$0.70$0.68$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.03$0.03$1.00$0.64$0.65$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.05$1.01$0.51$0.45$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.98$0.02$0.96$0.42$0.39$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.95$0.04$0.92$0.53$0.49$0.04
2018Summary only. Only limited summary data is available for this year.$0.96$0.08$0.89$0.41$0.48$0.07
2017Summary only. Only limited summary data is available for this year.$1.03$0.06$0.97$0.42$0.46$0.04
2016Summary only. Only limited summary data is available for this year.$1.02$0.03$0.99$0.45$0.48$0.03
2015Summary only. Only limited summary data is available for this year.$1.00$0.00$1.00$1.23$0.49$0.74
2014Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$0.45$0.48$0.03
2013Summary only. Only limited summary data is available for this year.$0.29$0.00$0.29$0.47$0.47$0.00
2012Summary only. Only limited summary data is available for this year.$0.28$0.00$0.28$0.48$0.48$0.00
2011Summary only. Only limited summary data is available for this year.$0.28$0.00$0.28$0.45$0.45$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 28, 2025
Return Version
2024v5.2
Gross Receipts
$496,046
Mission and Program Overview

Mission

Community development and improvement of local conditions

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$514,190$494,751▼ $19,439
Investments in Publicly Traded Securities$328,283$355,330▲ $27,047
Cash and Non-Interest-Bearing Accounts$171,531$161,183▼ $10,348
Accounts Receivable$54,775$44,628▼ $10,147
Savings and Temporary Cash Investments$2,747$2,166▼ $581
Prepaid Expenses and Deferred Charges$1,219$0▼ $1,219
Total Assets$1,072,745$1,058,058▼ $14,687
Liabilities
Accounts Payable and Accrued Expenses$2,611$3,554▲ $943
Deferred Revenue$47,855$1,625▼ $46,230
Total Liabilities$50,466$5,179▼ $45,287
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,022,279$1,052,879▲ $30,600
Total Net Assets Fund Balance$1,022,279$1,052,879▲ $30,600
Total Liabilities and Net Assets / Fund Balance$1,072,745$1,058,058▼ $14,687

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$400,305$132,150$532,455
Land$77,500-$77,500
Equipment$16,317$20,328$36,645
Other Land Buildings$629$18,051$18,680
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam DeatheExecutive Director/presidentFT$67,292$1,563$68,855
Rhonda WorkmanFinance Officer-$25,935-$25,935

Board Members and Trustees

NameTitle
Sheila WilliamsChair-elect
Hr GallimoreChairman of the Board
Darwin SmithPast Co-chair
Mary LiskPast Co-chair
Richard SchoenbergerVice President
Steve SingletonVice President
Art MartinezBoard Member
Ashley DugginsBoard Member
Barbara GallimoreBoard Member
Brian PowellBoard Member
Dale LambertBoard Member
Dorothy KeithBoard Member
Dr Shah ArdalanBoard Member
Greg SpainhourBoard Member
Harold WilliamsBoard Member
Jenna MckenzieBoard Member
Jeri Ann KellyBoard Member
Jonathan ThillBoard Member
Kim MarkhamBoard Member
Kim PriceBoard Member
Lynn LapradeBoard Member
Mccall TannerBoard Member
Myra GaddyBoard Member
Nicki HillBoard Member
Quinton LourisBoard Member
Scott AllenBoard Member
Scott EgglestonBoard Member
Scott HarrisBoard Member
Trevor NuttallBoard Member
Dawn MortonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$194,305
Program Service Revenue
$284,024
Investment Income
$17,704
Other Revenue
$13
Change in Net Assets
$16,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,562
Salaries, Compensation, and Employee Benefits$197,423
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$79,703$21,197$0$100,900
Current Officers, Directors, Trustees, and Key Employees$68,056$25,171$0$93,227
Other Salaries and Wages$52,480$19,411$0$71,891
Depreciation Depletion$0$19,439$0$19,439
Other Employee Benefits$11,403$4,217$0$15,620
Payroll Taxes$8,813$3,260$0$12,073
Occupancy$0$10,744$0$10,744
Office Expenses$7,004$2,591$0$9,595
Insurance$5,338$1,974$0$7,312
Fees for Services Accounting$0$6,000$0$6,000
Pension Plan Contributions$3,367$1,245$0$4,612
Other Expenses$0$4,130$0$4,130
Fees for Service Investment Mgmnt Fees$0$843$0$843
Total Functional Expenses$350,368$129,617$0$479,985
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Asheboro Randolph Chamber of Commerce
EIN
56-0475844
Phone
3366262626
Address
137 SOUTH FAYETTEVILLE STREET, ASHEBORO, NC 27203

Signing Officer

Name
Adam Deathe
Title
President
Phone
3366262626
Signed
2025-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Brown
Formed
1948
Legal Domicile
Nc
Voting Board Members
30
Independent Board Members
30
Employees
6
Volunteers
30

Preparer

Firm
Dogwood Tax & Advisory LLC
Address
216 W North St, Albemarle, NC 28001
Preparer
William R Huneycutt CPA
Phone
3366269970
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Chamber memberships by local businesses”

Pt VI, Line 7A

“Board voted by dues paying members”

Pt VI, Line 11B

“A copy of the form 990 will be presented at a board meeting.. Copies are provided to board member(s) upon request; reviewed by executive director prior to filing; review by executive committee as deemed necessary by the executive director.”

Pt VI, Line 15A

“Board approves salaries and bonuses.”

Pt VI, Line 15B

“Board approves salaries and bonuses.”

Form 990, Part IX, Line 24E

“Bank charges 425. 0. 425. 0.”

Form 990, Part IX, Line 24E

“Business relations 2885. 2885. 0. 0.”

Form 990, Part IX, Line 24E

“Staff expenses 32859. 32859. 0. 0.”

Form 990, Part IX, Line 24E

“Building & grounds maintenance 8721. 0. 8721. 0.”

Form 990, Part IX, Line 24E

“Property taxes 8120. 0. 8120. 0.”

Form 990, Part IX, Line 24E

“Professional services 43253. 43253. 0. 0.”

Form 990, Part IX, Line 24E

“Professional development 706. 706. 0. 0.”

Form 990, Part IX, Line 24E

“Mileage reimbursement 472. 0. 472. 0.”

Form 990, Part IX, Line 24E

“Technology 1162. 0. 1162. 0.”

Form 990, Part IX, Line 24E

“Training portals 1779. 0. 1779. 0.”

Form 990, Part IX, Line 24E

“Miscellaneous 518. 0. 518. 0.”

Raw XML AppendixShowing 400 of 611 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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