Civic Intelligence

Reidsville Chamber of Commerce

EIN 56-0735425 • 501(c)6 • Reidsville, NC

Profile

Provide support to menbers through networking events, mentoring, business referrals, promotional opportunities, and a visitor center for the community.

P O Box 1020Reidsville, NC 27323-1020

reidsvillechamber.org

Siviq Scores

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

Liabilities / Assets

94th percentile

0.82x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.47x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

33rd percentile

-9.2%

Higher net margin than 33% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$77,833

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 23.5% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

29th percentile

-18%

Faster asset growth than 29% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

9.1%

Faster revenue growth than 66% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$188,320

Down $40,085 (-18%) from 2023

Liabilities

Down

$154,264

Down $9,750 (-5.9%) from 2023

Net Assets

Down

$34,056

Down $30,335 (-47%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin33rd percentile

Revenue

Up

$330,706

Up $27,599 (+9.1%) from 2023

Expenses

Up

$361,041

Up $31,602 (+9.6%) from 2023

Net Income

Down

-$30,335

Down $4,003 (-15%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

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

$300K$200K$100K$0Assets 2011: $14,169Liabilities 2011: $1,834Net Assets 2011: $12,3352011Assets 2012: $27,718Liabilities 2012: $2,330Net Assets 2012: $25,3882012Assets 2013: $28,970Liabilities 2013: $2,6012013Assets 2014: $28,049Liabilities 2014: $2,6662014Assets 2015: $31,152Liabilities 2015: $1,1792015Assets 2016: $141,463Liabilities 2016: $90,441Net Assets 2016: $51,0222016Assets 2017: $154,436Liabilities 2017: $88,921Net Assets 2017: $65,5152017Assets 2018: $166,611Liabilities 2018: $83,632Net Assets 2018: $82,9792018Assets 2019: $178,291Liabilities 2019: $79,436Net Assets 2019: $98,8552019Assets 2020: $282,269Liabilities 2020: $176,943Net Assets 2020: $105,3262020Assets 2021: $285,422Liabilities 2021: $170,290Net Assets 2021: $115,1322021Assets 2022: $260,276Liabilities 2022: $169,553Net Assets 2022: $90,7232022Assets 2023: $228,405Liabilities 2023: $164,014Net Assets 2023: $64,3912023Assets 2024: $188,320Liabilities 2024: $154,264Net Assets 2024: $34,0562024

Highlighted filing

2024

Assets$188,320
Liabilities$154,264
Net Assets$34,056
Open 2024 Filing

Operations Trend

Revenue Growth66th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $85,671Expenses 2011: $80,082Net Income 2011: $5,5892011Revenue 2012: $118,985Expenses 2012: $105,932Net Income 2012: $13,0532012Revenue 2013: $129,115Expenses 2013: $128,134Net Income 2013: $9812013Revenue 2014: $150,827Expenses 2014: $151,813Net Income 2014: -$9862014Revenue 2015: $174,008Expenses 2015: $169,418Net Income 2015: $4,5902015Revenue 2016: $273,972Expenses 2016: $252,922Net Income 2016: $21,0502016Revenue 2017: $288,012Expenses 2017: $273,519Net Income 2017: $14,4932017Revenue 2018: $289,808Expenses 2018: $272,344Net Income 2018: $17,4642018Revenue 2019: $305,790Expenses 2019: $289,914Net Income 2019: $15,8762019Revenue 2020: $242,493Expenses 2020: $236,022Net Income 2020: $6,4712020Revenue 2021: $280,704Expenses 2021: $270,898Net Income 2021: $9,8062021Revenue 2022: $286,698Expenses 2022: $311,107Net Income 2022: -$24,4092022Revenue 2023: $303,107Expenses 2023: $329,439Net Income 2023: -$26,3322023Revenue 2024: $330,706Expenses 2024: $361,041Net Income 2024: -$30,3352024

Highlighted filing

2024

Revenue$330,706
Expenses$361,041
Net Income-$30,335
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$188,320
Liabilities
$154,264
Net assets
$34,056
Revenue
$330,706
Expenses
$361,041
Net income
-$30,335
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.88$1.54$0.34$3.31$3.61$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$1.64$0.64$3.03$3.29$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$1.70$0.91$2.87$3.11$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$1.70$1.15$2.81$2.71$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$1.77$1.05$2.42$2.36$0.06
2019Summary only. Only limited summary data is available for this year.$1.78$0.79$0.99$3.06$2.90$0.16
2018Summary only. Only limited summary data is available for this year.$1.67$0.84$0.83$2.90$2.72$0.17
2017Summary only. Only limited summary data is available for this year.$1.54$0.89$0.66$2.88$2.74$0.14
2016Summary only. Only limited summary data is available for this year.$1.41$0.90$0.51$2.74$2.53$0.21
2015Summary only. Only limited summary data is available for this year.$0.31$0.01$1.74$1.69$0.05
2014Summary only. Only limited summary data is available for this year.$0.28$0.03$1.51$1.52$0.01
2013Summary only. Only limited summary data is available for this year.$0.29$0.03$1.29$1.28$0.01
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.02$0.25$1.19$1.06$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.02$0.12$0.86$0.80$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$330,706
Mission and Program Overview

Mission

Provide support to menbers through networking events, mentoring, business referrals, promotional opportunities, and a visitor center for the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$178,575$170,141▼ $8,434
Cash and Non-Interest-Bearing Accounts$49,830$18,179▼ $31,651
Total Assets$228,405$188,320▼ $40,085
Liabilities
Unsecured Notes Loans Payable$99,272$94,520▼ $4,752
Mortgage Notes Payable Secured by Investment Property$64,742$59,744▼ $4,998
Total Liabilities$164,014$154,264▼ $9,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$64,391$34,056▼ $30,335
Total Net Assets Fund Balance$64,391$34,056▼ $30,335
Total Liabilities and Net Assets / Fund Balance$228,405$188,320▼ $40,085

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$150,779$36,511$187,290
Equipment$19,362$32,459$51,821
Land$0--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Diane SawyerPresidentFT$77,833$77,833

Board Members and Trustees

NameTitle
Eden CombsChair-elect
Jennifer LesterChairman
Jessie MeadorPast Chairman
Alonda FullerDirector
Barbara DeJournetteDirector
Chad BlakleyDirector
Donald CarterDirector
Drew BarefootDirector
Dylan MooreDirector
Geoffrey HaiglerDirector
Miranda AshleyDirector
Morgan BlakeDirector
Robin YountDirector
Shane MartinDirector
Tracy HolcombDirector
Victoria EllisDirector
J R CecilTreasurer
Sharon GallowayVP Business and Industry
Judy NealVP Events
Roy SawyersVP Governmental Affairs
Revenue and Support

Revenue Composition

Contributions and Grants
$164,667
Program Service Revenue
$141,736
Investment Income
$0
Other Revenue
$24,303
All Other Contributions
$72,944
Change in Net Assets
$-30,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$199,724
Salaries, Compensation, and Employee Benefits$161,317
Total Fundraising Expense$39,013
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$70,010$0$39,013$109,023
Current Officers, Directors, Trustees, and Key Employees$49,424$28,409$0$77,833
Other Salaries and Wages$71,202$0$0$71,202
Occupancy$13,521$0$0$13,521
Depreciation Depletion$9,012$0$0$9,012
Payroll Taxes$6,729$1,578$0$8,307
Office Expenses$5,384$0$0$5,384
Information Technology$5,069$0$0$5,069
Insurance$4,122$785$0$4,907
Interest$4,581$0$0$4,581
Pension Plan Contributions$3,220$755$0$3,975
Travel$1,615$0$0$1,615
Other Expenses$953$0$0$953
Conferences and Meetings$331$0$0$331
Total Functional Expenses$290,501$31,527$39,013$361,041
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
Reidsville Chamber of Commerce
EIN
56-0735425
Phone
3363498481
Address
P O Box 1020, Reidsville, NC 27323-1020

Signing Officer

Name
Diane R Sawyer
Title
President
Phone
3363498481
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane R Sawyer
Formed
1956
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
4
Volunteers
20

Preparer

Firm
J Michael Fargis & Associates LLP
Address
PO BOX 1826, Reidsville, NC 27323
Preparer
Marie F Martin
Phone
3363494372
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“It is reviewed by the president and an officer of the organization.”

Pt VI, Line 15B

“Budget is approved by the Board of Directors.”

Pt VI, Line 19

“All budgets and statements are available on request.”

Pt VI, Line 15A

“Budget is approved by the Board of Directors.”

Form 990, Part IX, Line 24E

“Grasshoppers Night expenses 4988. 4988.”

Form 990, Part IX, Line 24E

“Business showcase expenses 8125. 8125.”

Form 990, Part IX, Line 24E

“Other special events expenses 40864. 40864.”

Form 990, Part IX, Line 24E

“Bank fees expense 229. 229.”

Form 990, Part IX, Line 24E

“Service contracts 3288. 3288.”

Form 990, Part IX, Line 24E

“Dues and subscriptions 4271. 4271.”

Form 990, Part IX, Line 24E

“Professional fees 1693. 1693.”

Form 990, Part IX, Line 24E

“PO box rental 302. 302.”

Form 990, Part IX, Line 24E

“Staff development and training 2069. 2069.”

Form 990, Part IX, Line 24E

“Staff expense 668. 668.”

Form 990, Part IX, Line 24E

“Commissions 22960. 22960.”

Form 990, Part IX, Line 24E

“Membership development expenses 16053. 16053.”

Form 990, Part IX, Line 24E

“Maintenance contracts 1757. 1757.”

Form 990, Part IX, Line 24E

“Form 990 T taxes 963. 963.”

Form 990, Part IX, Line 24E

“Other miscellaneous expense 793. 793.”

Raw XML AppendixShowing 400 of 526 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/BooksInCareOfDetail/PersonNm0Diane Sawyer
IRS990/BooksInCareOfDetail/PhoneNum03363498481
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O Box 1020
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt077833
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt09012
IRS990/DepreciationDepletionGrp/TotalAmt09012
IRS990/Desc0Visitor Center
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
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IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt030832
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IRS990/FederalGrantAuditRequiredInd0false
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IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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IRS990/Form990PartVIISectionAGrp/PersonNm0Diane Sawyer
IRS990/Form990PartVIISectionAGrp/PersonNm1Jennifer Lester
IRS990/Form990PartVIISectionAGrp/PersonNm2Eden Combs
IRS990/Form990PartVIISectionAGrp/PersonNm3Jessie Meador
IRS990/Form990PartVIISectionAGrp/PersonNm4J R Cecil
IRS990/Form990PartVIISectionAGrp/PersonNm5Sharon Galloway
IRS990/Form990PartVIISectionAGrp/PersonNm6Judy Neal
IRS990/Form990PartVIISectionAGrp/PersonNm7Roy Sawyers
IRS990/Form990PartVIISectionAGrp/PersonNm8Miranda Ashley
IRS990/Form990PartVIISectionAGrp/PersonNm9Chad Blakley
IRS990/Form990PartVIISectionAGrp/PersonNm10Drew Barefoot
IRS990/Form990PartVIISectionAGrp/PersonNm11Donald Carter
IRS990/Form990PartVIISectionAGrp/PersonNm12Morgan Blake
IRS990/Form990PartVIISectionAGrp/PersonNm13Victoria Ellis
IRS990/Form990PartVIISectionAGrp/PersonNm14Alonda Fuller
IRS990/Form990PartVIISectionAGrp/PersonNm15Barbara DeJournette
IRS990/Form990PartVIISectionAGrp/PersonNm16Geoffrey Haigler
IRS990/Form990PartVIISectionAGrp/PersonNm17Dylan Moore
IRS990/Form990PartVIISectionAGrp/PersonNm18Tracy Holcomb
IRS990/Form990PartVIISectionAGrp/PersonNm19Robin Yount
IRS990/Form990PartVIISectionAGrp/PersonNm20Shane Martin
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