Civic Intelligence

Cabarrus Regional Chamber of Commerce

EIN 56-0501076 • 501(c)6 • Concord, NC

Profile

The chamber, leading business in cabarrus is a trusted advocate, catalyst, conveyor, and educator for businesses of all sizes in cabarrus county with the goal of strategically growing and developing a diverse, inclusive community where all can prosper.

57 Union Street SConcord, NC 28025

www.cabarrus.biz

Siviq Scores

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

Liabilities / Assets

56th percentile

0.07x

Higher debt load relative to assets than 56% of similar nonprofits.

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

Liabilities / Revenue

53rd percentile

0.06x

Higher debt load relative to revenue than 53% of similar nonprofits.

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

Net Margin

45th percentile

2.1%

Higher net margin than 45% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$106,674

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

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

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

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

Revenue Growth

54th percentile

6.3%

Faster revenue growth than 54% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$459,345

Up $46,562 (+11%) from 2023

Liabilities

Up

$34,074

Up $34,074 from 2023

Net Assets

Up

$425,271

Up $12,488 (+3.0%) from 2023

Operations
Liabilities / Revenue53rd percentileNet Margin45th percentile

Revenue

Up

$603,792

Up $35,770 (+6.3%) from 2023

Expenses

Up

$591,304

Up $21,321 (+3.7%) from 2023

Net Income

Up

$12,488

Up $14,449 (+737%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,680,280Liabilities 2010: $1,003,086Net Assets 2010: $677,1942010Assets 2011: $693,514Liabilities 2011: $2,352Net Assets 2011: $691,1622011Assets 2012: $617,569Liabilities 2012: $0Net Assets 2012: $617,5692012Assets 2013: $535,865Liabilities 2013: $3,070Net Assets 2013: $532,7952013Assets 2014: $475,507Liabilities 2014: $9,204Net Assets 2014: $466,3032014Assets 2015: $428,121Liabilities 2015: $96Net Assets 2015: $428,0252015Assets 2016: $441,561Liabilities 2016: $0Net Assets 2016: $441,5612016Assets 2017: $457,916Liabilities 2017: $0Net Assets 2017: $457,9162017Assets 2018: $454,218Liabilities 2018: $0Net Assets 2018: $454,2182018Assets 2019: $480,686Liabilities 2019: $20,082Net Assets 2019: $460,6042019Assets 2020: $469,418Liabilities 2020: $11,570Net Assets 2020: $457,8482020Assets 2021: $450,126Liabilities 2021: $0Net Assets 2021: $450,1262021Assets 2022: $414,744Liabilities 2022: $0Net Assets 2022: $414,7442022Assets 2023: $412,783Liabilities 2023: $0Net Assets 2023: $412,7832023Assets 2024: $459,345Liabilities 2024: $34,074Net Assets 2024: $425,2712024

Highlighted filing

2024

Assets$459,345
Liabilities$34,074
Net Assets$425,271
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2010: $978,833Expenses 2010: $1,060,887Net Income 2010: -$82,0542010Revenue 2011: $213,299Expenses 2011: $1,100,130Net Income 2011: -$886,8312011Revenue 2012: $902,301Expenses 2012: $975,896Net Income 2012: -$73,5952012Revenue 2013: $904,733Expenses 2013: $989,507Net Income 2013: -$84,7742013Revenue 2014: $870,853Expenses 2014: $937,346Net Income 2014: -$66,4932014Revenue 2015: $838,925Expenses 2015: $877,203Net Income 2015: -$38,2782015Revenue 2016: $632,740Expenses 2016: $619,204Net Income 2016: $13,5362016Revenue 2017: $542,701Expenses 2017: $526,346Net Income 2017: $16,3552017Revenue 2018: $562,640Expenses 2018: $566,338Net Income 2018: -$3,6982018Revenue 2019: $580,705Expenses 2019: $574,319Net Income 2019: $6,3862019Revenue 2020: $508,861Expenses 2020: $511,617Net Income 2020: -$2,7562020Revenue 2021: $551,414Expenses 2021: $559,136Net Income 2021: -$7,7222021Revenue 2022: $612,549Expenses 2022: $647,931Net Income 2022: -$35,3822022Revenue 2023: $568,022Expenses 2023: $569,983Net Income 2023: -$1,9612023Revenue 2024: $603,792Expenses 2024: $591,304Net Income 2024: $12,4882024

Highlighted filing

2024

Revenue$603,792
Expenses$591,304
Net Income$12,488
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
$459,345
Liabilities
$34,074
Net assets
$425,271
Revenue
$603,792
Expenses
$591,304
Net income
$12,488
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.03$0.43$0.60$0.59$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.57$0.57$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.61$0.65$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.55$0.56$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.47$0.01$0.46$0.51$0.51$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.48$0.02$0.46$0.58$0.57$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.56$0.57$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.54$0.53$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.63$0.62$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.84$0.88$0.04
2014Summary only. Only limited summary data is available for this year.$0.48$0.01$0.47$0.87$0.94$0.07
2013Summary only. Only limited summary data is available for this year.$0.54$0.00$0.53$0.90$0.99$0.08
2012Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$0.90$0.98$0.07
2011Summary only. Only limited summary data is available for this year.$0.69$0.00$0.69$0.21$1.10$0.89
2010Summary only. Only limited summary data is available for this year.$1.68$1.00$0.68$0.98$1.06$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 17, 2025
Return Version
2024v5.2
Gross Receipts
$603,792
Mission and Program Overview

Mission

The chamber, leading business in cabarrus is a trusted advocate, catalyst, conveyor, and educator for businesses of all sizes in cabarrus county with the goal of strategically growing and developing a diverse, inclusive community where all can prosper.

To connect, convene and champion a thriving business community in cabarrus county. A chamber that catalyzes a growing, diverse business community to create economic opportunity for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$337,790$346,703▲ $8,913
Cash and Non-Interest-Bearing Accounts$71,460$72,051▲ $591
Land, Buildings, and Equipment, Net$3,533$6,517▲ $2,984
Total Assets$412,783$459,345▲ $46,562
Other Assets Total$0$34,074▲ $34,074
Liabilities
Other Liabilities$0$34,074▲ $34,074
Total Liabilities$0$34,074▲ $34,074
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$402,783$425,271▲ $22,488
Net Assets With Donor Restrictions$10,000$0▼ $10,000
Total Net Assets Fund Balance$412,783$425,271▲ $12,488
Total Liabilities and Net Assets / Fund Balance$412,783$459,345▲ $46,562

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,517$6,754-
Other Assets Org$34,074--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara JonesExecutive DirectorFT$99,093$7,581$106,674

Board Members and Trustees

NameTitle
Tri TangChair
Ward ChildressPast-chair
James RossVice Chair
Allen DobsonDirector
Chad TarltonDirector
Denise HallettDirector
Doug AlvarengaDirector
Elizabeth MartinezDirector
Garrison WhiteDirector
Jim CraddockDirector
Joe CrapsterDirector
John KopickiDirector
Justin MooreDirector
Kevin GarayDirector
Mark SpitzerDirector
Matt LongDirector
Michele NicholsDirector
Natasha LipscombDirector
Page CastrodaleDirector
Rolanda PatrickDirector
Roy NixonDirector
Stacy GriffinDirector
Steve FisherDirector
Tracie HamptonDirector
Angie BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$593,797
Investment Income
$8,995
Other Revenue
$0
All Other Contributions
$1,000
Change in Net Assets
$12,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$295,969
Other Expenses$295,335
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,929$19,562-$150,491
Current Officers, Directors, Trustees, and Key Employees$92,806$13,868-$106,674
Fees for Services Other$50,863$7,601-$58,464
Occupancy$24,482$3,658-$28,140
Fees for Services Accounting$24,012$3,588-$27,600
Other Employee Benefits$19,863$2,968-$22,831
Advertising$17,163$2,565-$19,728
Payroll Taxes$9,554$1,428-$10,982
All Other Expenses$5,520$3,813-$9,333
Information Technology$5,980$894-$6,874
Pension Plan Contributions$4,342$649-$4,991
Conferences and Meetings$3,942$589-$4,531
Travel$3,690$551-$4,241
Other Expenses$3,338$499-$3,837
Insurance$2,937$439-$3,376
Office Expenses$2,487$372-$2,859
Depreciation Depletion$1,326$198-$1,524
Total Functional Expenses$525,193$66,111$0$591,304
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$34,074
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
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 return is reviewed by the executive director and treasurer before submission.”

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

“Monitored by executive committee of the board of directors.”

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

“Compensation for the executive director is determined by the executive committee of the chamber.”

Form 990, Part VI, Section C, Line 18

“Paper copies are available upon request”

Form 990, Part VI, Section C, Line 19

“Paper copies are available upon request”

Filing and Contact Details

Filer

Filer Name
Cabarrus Regional Chamber of Commerce
EIN
56-0501076
Phone
7047824000
Address
57 UNION STREET S, CONCORD, NC 28025

Signing Officer

Name
Tri Tang
Title
Chair
Phone
7047824000
Signed
2025-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tri Tang
Formed
1958
Legal Domicile
Nc
Voting Board Members
22
Independent Board Members
22
Employees
3
Volunteers
0

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Eric Smith
Phone
7047868189
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The chamber has adopted asc 740-10 as it relates to uncertain tax positions for the years ended december 31, 2024 and 2023 and has evaluated its tax positions for all open tax years. However, the chamber is not currently under audit nor has the chamber been contacted by the internal revenue service. Based on the evaluation of the chamber's tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the years ended december 31, 2024 and 2023.”

Raw XML AppendixShowing 400 of 515 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/Desc0THE CHAMBER SERVES BUSINESSES IN CABARRUS COUNTY, NORTH CAROLINA AND THE ENTIRE CHARLOTTE REGION AS A TRUSTED ADVOCATE, EXCELLENT RESOURCE AND PROACTIVE CATALYST FOR QUALITY BUSINESS AND COMMUNITY SERVICE. WE ACCOMPLISH THIS THROUGH PROGRAMS FOCUSED ON ADVOCACY, EVENTS, BUSINESS EDUCATIONAL OPPORTUNITIES, VISIBILITY AND RELATIONSHIP BUILDING OPPORTUNITIES FOR OUR MEMBERS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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IRS990/MissionDesc0THE CHAMBER SERVES BUSINESSES IN CABARRUS COUNTY, NORTH CAROLINA AND THE ENTIRE CHARLOTTE REGION AS A TRUSTED ADVOCATE, EXCELLENT RESOURCE AND PROACTIVE CATALYST FOR QUALITY BUSINESS AND COMMUNITY SERVICE. WE ACCOMPLISH THIS THROUGH PROGRAMS FOCUSED ON ADVOCACY, EVENTS, BUSINESS EDUCATIONAL OPPORTUNITIES, VISIBILITY AND RELATIONSHIP BUILDING OPPORTUNITIES FOR OUR MEMBERS.
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