Civic Intelligence

Kernersville Chamber of Commerce

EIN 56-0934946 • 501(c)6 • Kernersville, NC

Profile

Vision statement - connecting and working together for the premier business community in the triad. Mission statement - organization of businesses and professionals working together to promote the economic progress of our community.

136 East Mountain StreetKernersville, NC 27284

kernersvillenc.com

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

37th percentile

0.01x

Higher debt load relative to revenue than 37% of similar nonprofits.

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

Net Margin

13th percentile

-14%

Higher net margin than 13% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$107,015

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

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

Asset Growth

8th percentile

-31%

Faster asset growth than 8% of similar nonprofits.

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

Revenue Growth

46th percentile

3.2%

Faster revenue growth than 46% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$153,901

Down $67,833 (-31%) from 2023

Liabilities

Up

$4,406

Up $480 (+12%) from 2023

Net Assets

Down

$149,495

Down $68,313 (-31%) from 2023

Operations
Liabilities / Revenue37th percentileNet Margin13th percentile

Revenue

Up

$500,149

Up $15,657 (+3.2%) from 2023

Expenses

Up

$568,462

Up $23,794 (+4.4%) from 2023

Net Income

Down

-$68,313

Down $8,137 (-14%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

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

$400K$300K$200K$100K$0Assets 2011: $203,599Liabilities 2011: $25,010Net Assets 2011: $178,5892011Assets 2012: $204,783Liabilities 2012: $21,672Net Assets 2012: $183,1112012Assets 2013: $272,249Liabilities 2013: $66,429Net Assets 2013: $205,8202013Assets 2014: $293,179Liabilities 2014: $53,917Net Assets 2014: $239,2622014Assets 2015: $303,639Liabilities 2015: $49,595Net Assets 2015: $254,0442015Assets 2016: $306,453Liabilities 2016: $843Net Assets 2016: $305,6102016Assets 2017: $308,912Liabilities 2017: $1,069Net Assets 2017: $307,8432017Assets 2018: $326,298Liabilities 2018: $1,438Net Assets 2018: $324,8602018Assets 2019: $342,193Liabilities 2019: $743Net Assets 2019: $341,4502019Assets 2020: $357,919Liabilities 2020: $968Net Assets 2020: $356,9512020Assets 2021: $289,260Liabilities 2021: $4,629Net Assets 2021: $284,6312021Assets 2022: $279,901Liabilities 2022: $1,917Net Assets 2022: $277,9842022Assets 2023: $221,734Liabilities 2023: $3,926Net Assets 2023: $217,8082023Assets 2024: $153,901Liabilities 2024: $4,406Net Assets 2024: $149,4952024

Highlighted filing

2024

Assets$153,901
Liabilities$4,406
Net Assets$149,495
Open 2024 Filing

Operations Trend

Revenue Growth46th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $383,825Expenses 2011: $365,247Net Income 2011: $18,5782011Revenue 2012: $386,014Expenses 2012: $381,492Net Income 2012: $4,5222012Revenue 2013: $423,278Expenses 2013: $400,569Net Income 2013: $22,7092013Revenue 2014: $451,463Expenses 2014: $418,021Net Income 2014: $33,4422014Revenue 2015: $461,301Expenses 2015: $446,519Net Income 2015: $14,7822015Revenue 2016: $475,844Expenses 2016: $471,422Net Income 2016: $4,4222016Revenue 2017: $477,145Expenses 2017: $474,912Net Income 2017: $2,2332017Revenue 2018: $507,007Expenses 2018: $489,990Net Income 2018: $17,0172018Revenue 2019: $504,214Expenses 2019: $487,624Net Income 2019: $16,5902019Revenue 2020: $392,976Expenses 2020: $377,475Net Income 2020: $15,5012020Revenue 2021: $437,494Expenses 2021: $509,814Net Income 2021: -$72,3202021Revenue 2022: $530,576Expenses 2022: $537,223Net Income 2022: -$6,6472022Revenue 2023: $484,492Expenses 2023: $544,668Net Income 2023: -$60,1762023Revenue 2024: $500,149Expenses 2024: $568,462Net Income 2024: -$68,3132024

Highlighted filing

2024

Revenue$500,149
Expenses$568,462
Net Income-$68,313
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$153,901
Liabilities
$4,406
Net assets
$149,495
Revenue
$500,149
Expenses
$568,462
Net income
-$68,313
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.54$0.04$1.49$5.00$5.68$0.68
2023Detailed filing. Detailed filing data is available for this year.$2.22$0.04$2.18$4.84$5.45$0.60
2022Detailed filing. Detailed filing data is available for this year.$2.80$0.02$2.78$5.31$5.37$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.89$0.05$2.85$4.37$5.10$0.72
2020Detailed filing. Detailed filing data is available for this year.$3.58$0.01$3.57$3.93$3.77$0.16
2019Detailed filing. Detailed filing data is available for this year.$3.42$0.01$3.41$5.04$4.88$0.17
2018Detailed filing. Detailed filing data is available for this year.$3.26$0.01$3.25$5.07$4.90$0.17
2017Detailed filing. Detailed filing data is available for this year.$3.09$0.01$3.08$4.77$4.75$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.06$0.01$3.06$4.76$4.71$0.04
2015Summary only. Only limited summary data is available for this year.$3.04$0.50$2.54$4.61$4.47$0.15
2014Summary only. Only limited summary data is available for this year.$2.93$0.54$2.39$4.51$4.18$0.33
2013Summary only. Only limited summary data is available for this year.$2.72$0.66$2.06$4.23$4.01$0.23
2012Summary only. Only limited summary data is available for this year.$2.05$0.22$1.83$3.86$3.81$0.05
2011Summary only. Only limited summary data is available for this year.$2.04$0.25$1.79$3.84$3.65$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$515,311
Mission and Program Overview

Mission

Vision statement - connecting and working together for the premier business community in the triad. Mission statement - organization of business and professionals working together to promote the economice progress of our community.

Organization of businesses and professionals working together to promote the economic progress of our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$210,742$151,049▼ $59,693
Cash and Non-Interest-Bearing Accounts$10,992$2,852▼ $8,140
Total Assets$221,734$153,901▼ $67,833
Liabilities
Other Liabilities$3,926$4,406▲ $480
Total Liabilities$3,926$4,406▲ $480
Net Assets / Fund Balance
Net Assets With Donor Restrictions$87,284$108,649▲ $21,365
Net Assets Without Donor Restrictions$130,524$40,846▼ $89,678
Total Net Assets Fund Balance$217,808$149,495▼ $68,313
Total Liabilities and Net Assets / Fund Balance$221,734$153,901▼ $67,833

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$46,104$46,104
Leasehold Improvements-$15,014$15,014
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christine ComerPresident/ceFT$102,944$4,071$107,015

Board Members and Trustees

NameTitle
Tammy CoulterChairman of
Jimmy FlythePast Chairpe
Laura AlamilloVice Chair O
Rob CookVice Chair O
Chief Scott AldermanDirector
Chris BoothDirector
Kirk BivinsDirector
Larry RedfearnDirector
Scott WollastonDirector
William BaucomDirector
Rishado Robinson1st Vice CHA
Dr Mishi Jackson2nd Vice CHA
Natalie Babson3rd Vice CHA
Monte LongSecretary
Molly BarberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$416,492
Program Service Revenue
$51,624
Investment Income
$3,016
Other Revenue
$29,017
All Other Contributions
$192,418
Change in Net Assets
$-68,313

Audited Revenue Reconciliation

Revenue per Audited Statements
$500,149
Revenue Not Reported on Form 990
$15,162
Total Revenue per Audited Statements
$515,311
Total Revenue per Form 990
$500,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$345,496
Other Expenses$199,906
Grants and Similar Amounts Paid$23,060
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$171,973
Current Officers, Directors, Trustees, and Key Employees---$102,944
Other Employee Benefits---$39,221
Advertising---$28,258
Grants to Domestic Individuals---$23,060
Payroll Taxes---$20,148
Occupancy---$18,561
Pension Plan Contributions---$11,210
Information Technology---$9,741
Insurance---$9,234
Other Expenses---$6,128
All Other Expenses---$2,966
Travel---$1,526
Total Functional Expenses$0$0$0$568,462

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$583,624
Expenses per Audited Statements$568,462
Total Expenses per Form 990$568,462
Expenses Not Reported on Form 990$15,162
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,179
Fundraising Direct Expenses$15,162
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$44,179$44,179$7,437$36,742
Total Events$44,179$44,179$15,162$29,017
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$4,098
Accrued Expenses$308
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 6

“Single class of "business" membership, whereby dues are determined by member's number of employees. Benefits/rights of members include right to vote on chamber business as set fourth at annual/called meetings of the membership, have access to membership directory and chamber sponsored training, programs, and events.”

Form 990, Page 6, Part VI, Line 7A

“Single class of "business" membership, whereby dues are determined by member's number of employees. Benefits/rights of members include right to vote on chamber business as set fourth at annual/called meetings of the membership, have access to membership directory and chamber sponsored training, programs, and events.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the board of directors at their regular monthly meeting before the tax return is filed.”

Form 990, Page 6, Part VI, Line 12C

“All officers, directors, and employees sign affidavits that they have no interest that could give rise to a conflict. It is reviewed on an ongoing basis.”

Form 990, Page 6, Part VI, Line 15A

“President/ceo compensation is reviewed by the executive committee, with performance appraisal interview conducted by the board chair and first vice chair.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Kernersville Chamber of Commerce
EIN
56-0934946
Phone
3369934521
Address
136 EAST MOUNTAIN STREET, KERNERSVILLE, NC 27284

Signing Officer

Name
Christine Comer
Title
President/CEO
Phone
3369934521
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Comer
Formed
1968
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
218

Preparer

Firm
Gray Callison & Jones CPA Pc
Address
3813 FORRESTGATE DR, WINSTON SALEM, NC 27103
Preparer
David Johnston
Phone
3367603210
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Vision statement - connecting and working together for the premier business community in the triad. Mission statement - organization of businesses and professionals working together to promote the economic progress of our community.”

Form 990, Part XI, Line 9

“Direct fundraising expenses 15,162 direct fundraising expenses -15,162”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Direct fundraising expenses 15,162”

Schedule D, Page 4, Part XII, Line 2D

“Direct fundraising expenses 15,162”

Raw XML AppendixShowing 400 of 550 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/TitleTxt0PRESIDENT/CE
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt112ND VICE CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0DOWNTOWN & COMMUNITY MARKETING AND DEVLOPMENT - THE KERNERSVILLE CHAMBER OF COMMERCE PARTNERS WITH THE TOWN OF KERNERSVILLE TO PROMOTE ECONOMIC DEVELOPMENT AND ENSURE THAT KERNERSVILLE IS INCLUDED IN REGIONAL PLANNING, PROVIDES BUSINESS DEVELOPMENT ASSISTANCE, INCLUDING PROMOTION, TRAINING, AND NETWORKING, AND PROMOTES KERNERSVILLE AS A PLACE TO LOCATE/RELOCATE BUSINESSES, PARTICIPATES IN LOCAL PLANNING EFFORTS, INCLUDING THE ECONOMIC DEVELOPMENT ADVISORY COMMITTEE, DOWNTOWN COMMITTEE, AND KERNERSVILLE DOWNTOWN PRESERVATION AND DEVELOPMENT COUNCIL, INC. BOARD.
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION/TEACHER GRANTS - THE KERNERSVILLE CHAMBER OF COMMERCE IS COMMITTED TO CREATING A STRONG BUSINESS COMMUNITY - ONE OF THE WAYS TO ACCOMPLISH THIS IS IMPROVING THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO OUR PUBLIC SCHOOL STUDENTS. THE CHAMBER HAS ESTABLISHED THE TEACHER GRANT PROGRAM IN AN EFFORT TO PROVIDE UNIQUE EDUCATIONAL EXPERIENCE FOR STUDENTS IN ELEMENTARY, MIDDLE AND HIGH SCHOOLS. FUNDS FOR UNIQUE EDUCATIONAL PROGRAMS ARE PROVIDED TO EDUCATORS SO THEY CAN PURCHASE MANY SUPPLIES AND MATERIALS TO FACILITATE CLASSROOM EXPERIENCE FOR THEIR STUDENTS. GRANTS ARE PROVIDED TO SUITABLE PROJECTS THAT ADD VALUE TO THE LEARNING EXPERIENCE IN THE CLASSROOM AND, WHERE POSSIBLE, FOR PROJECTS DIRECTLY BENEFITTING BOTH THE CLASS AND THE SCHOOL.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES 15,162
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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