Civic Intelligence

Albany Area Chamber of Commerce Inc

EIN 58-0134930 • 501(c)6 • Albany, GA

View Organization Page

Profile

The mission of the albany area chamber of commerce is to advocate for business success through leadership and economic development for the albany area.

225 West Broad AvenueAlbany, GA 31701

www.albanyga.com

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.36x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

75th percentile

0.23x

Higher debt load relative to revenue than 75% of similar nonprofits.

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

Net Margin

29th percentile

-3.5%

Higher net margin than 29% of similar nonprofits.

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

Top Officer Pay

84th percentile

$139,351

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 17.3% of source-year revenue.

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

Asset Growth

33rd percentile

-2.2%

Faster asset growth than 33% of similar nonprofits.

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

Revenue Growth

67th percentile

12%

Faster revenue growth than 67% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$512,150

Down $11,498 (-2.2%) from 2023

Liabilities

Up

$182,456

Up $15,421 (+9.2%) from 2023

Net Assets

Down

$329,694

Down $26,919 (-7.5%) from 2023

Operations
Liabilities / Revenue75th percentileNet Margin29th percentile

Revenue

Up

$806,729

Up $89,185 (+12%) from 2023

Expenses

Up

$835,223

Up $41,255 (+5.2%) from 2023

Net Income

Up

-$28,494

Up $47,930 (+63%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,247,791Liabilities 2011: $138,269Net Assets 2011: $1,109,5222011Assets 2012: $1,163,375Liabilities 2012: $54,440Net Assets 2012: $1,108,9352012Assets 2013: $1,224,881Liabilities 2013: $85,059Net Assets 2013: $1,139,8222013Assets 2014: $1,211,587Liabilities 2014: $126,407Net Assets 2014: $1,085,1802014Assets 2015: $1,235,286Liabilities 2015: $120,894Net Assets 2015: $1,114,3922015Assets 2016: $1,211,514Liabilities 2016: $118,549Net Assets 2016: $1,092,9652016Assets 2017: $1,133,346Liabilities 2017: $107,319Net Assets 2017: $1,026,0272017Assets 2018: $496,611Liabilities 2018: $26,664Net Assets 2018: $469,9472018Assets 2019: $541,097Liabilities 2019: $56,808Net Assets 2019: $484,2892019Assets 2020: $475,151Liabilities 2020: $27,532Net Assets 2020: $447,6192020Assets 2021: $584,153Liabilities 2021: $43,481Net Assets 2021: $540,6722021Assets 2022: $584,416Liabilities 2022: $148,213Net Assets 2022: $436,2032022Assets 2023: $523,648Liabilities 2023: $167,035Net Assets 2023: $356,6132023Assets 2024: $512,150Liabilities 2024: $182,456Net Assets 2024: $329,6942024

Highlighted filing

2024

Assets$512,150
Liabilities$182,456
Net Assets$329,694
Open 2024 Filing

Operations Trend

Revenue Growth67th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,628,7072011Expenses 2012: $1,571,1472012Revenue 2013: $1,549,580Expenses 2013: $1,519,452Net Income 2013: $30,1282013Revenue 2014: $1,477,355Expenses 2014: $1,476,599Net Income 2014: $7562014Revenue 2015: $1,543,207Expenses 2015: $1,489,951Net Income 2015: $53,2562015Revenue 2016: $1,441,072Expenses 2016: $1,422,145Net Income 2016: $18,9272016Revenue 2017: $1,509,009Expenses 2017: $1,549,577Net Income 2017: -$40,5682017Revenue 2018: $653,071Expenses 2018: $1,170,984Net Income 2018: -$517,9132018Revenue 2019: $805,677Expenses 2019: $768,940Net Income 2019: $36,7372019Revenue 2020: $616,769Expenses 2020: $627,680Net Income 2020: -$10,9112020Revenue 2021: $708,571Expenses 2021: $567,456Net Income 2021: $141,1152021Revenue 2022: $671,479Expenses 2022: $739,806Net Income 2022: -$68,3272022Revenue 2023: $717,544Expenses 2023: $793,968Net Income 2023: -$76,4242023Revenue 2024: $806,729Expenses 2024: $835,223Net Income 2024: -$28,4942024

Highlighted filing

2024

Revenue$806,729
Expenses$835,223
Net Income-$28,494
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
$512,150
Liabilities
$182,456
Net assets
$329,694
Revenue
$806,729
Expenses
$835,223
Net income
-$28,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.18$0.33$0.81$0.84$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.52$0.17$0.36$0.72$0.79$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.58$0.15$0.44$0.67$0.74$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.58$0.04$0.54$0.71$0.57$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.03$0.45$0.62$0.63$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.06$0.48$0.81$0.77$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.03$0.47$0.65$1.17$0.52
2017Detailed filing. Detailed filing data is available for this year.$1.13$0.11$1.03$1.51$1.55$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.12$1.09$1.44$1.42$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.24$0.12$1.11$1.54$1.49$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.21$0.13$1.09$1.48$1.48$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.22$0.09$1.14$1.55$1.52$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.05$1.11$1.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.14$1.11$1.63
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.0
Gross Receipts
$806,729
Mission and Program Overview

Mission

The mission of the organization is to stimulate the economic well-being of it's membership through proactive & progressive programs, services and strategic alliances, while respresenting our members commercial, industrial, and professional interests in major issues of economic and public policy.

The mission of the albany area chamber of commerce is to advocate for business success through leadership and economic development for the albany area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$221,770$212,580▼ $9,190
Savings and Temporary Cash Investments$137,830$129,872▼ $7,958
Accounts Receivable$42,418$42,716▲ $298
Intangible Assets$17,500$29,902▲ $12,402
Cash and Non-Interest-Bearing Accounts$57,738$19,734▼ $38,004
Prepaid Expenses and Deferred Charges$6,082$11,966▲ $5,884
Total Assets$523,648$512,150▼ $11,498
Other Assets Total$40,310$65,380▲ $25,070
Liabilities
Deferred Revenue$103,363$123,604▲ $20,241
Accounts Payable and Accrued Expenses$43,189$42,811▼ $378
Other Liabilities$20,483$16,041▼ $4,442
Total Liabilities$167,035$182,456▲ $15,421
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$356,613$329,694▼ $26,919
Total Net Assets Fund Balance$356,613$329,694▼ $26,919
Total Liabilities and Net Assets / Fund Balance$523,648$512,150▼ $11,498

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$22,743$820,959$843,702
Buildings$150,853$619,025$769,878
Equipment$5,136$74,078$79,214
Other Land Buildings$948$51,278$52,226
Land$32,900-$32,900
Other Assets Org$16,041--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara Rivera HolmesPresident/ceFT$119,207$20,144$139,351

Board Members and Trustees

NameTitle
Ben MailletteChair Elec E
Jeretha PetersChair Exec C
Don GrayPast Chair E
Brianna WilsonVice Chair E
Bridges SinyardVice Chair E
Dan GillanVice Chair E
Taylor JenkinsVice Chair E
AVA O'NEALDirector At-
Clint NewsomeDirector At-
Daniel StoneDirector At-
Deb AngeramiDirector At-
Fredando JacksonDirector At-
Hayes CookDirector At-
Ken BevelDirector At-
Lisa StephensDirector At-
Nick CribbDirector At-
Rob DouglasDirector At-
Rod GarnerDirector At-
Scot MorriseyDirector At-
Sheri BarlowDirector At-
Sherrer HesterDirector At-
Stephen DewDirector At-
Summer CottonDirector At-
Terri ChristianDirector At-
Juwan WilsonAt-large Exe
Kemble TeagueAt-large Exe
Smith WilsonAt-large Exe
Matt ReedInterim Pres
Jeff WrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$233,281
Program Service Revenue
$540,821
Investment Income
$2,077
Other Revenue
$30,550
All Other Contributions
$22,827
Change in Net Assets
$-28,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$806,729
Total Revenue per Audited Statements
$806,729
Total Revenue per Form 990
$806,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$431,882
Salaries, Compensation, and Employee Benefits$403,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$201,635
Current Officers, Directors, Trustees, and Key Employees---$139,351
Fees for Services Other---$74,956
Fees for Services Accounting---$40,685
Occupancy---$40,381
Office Expenses---$31,789
Payroll Taxes---$26,058
Pension Plan Contributions---$20,380
Other Employee Benefits---$15,917
Other Expenses---$13,177
Information Technology---$9,899
Depreciation Depletion---$8,097
Conferences and Meetings---$6,244
Insurance---$5,945
Travel---$2,676
Advertising---$1,331
All Other Expenses---$115
Total Functional Expenses$0$0$0$835,223

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$835,223
Total Expenses per Form 990$835,223
Total Expenses per Audited Statements$833,648
Expenses Not Reported on Form 990$-1,575
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
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$28,766
Total Nondeductible Lobbying and Political Cost$28,766
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$16,041
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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization is a business league and has members.”

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

“The membership elects the board of directors annually.”

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

“A detailed review is made by the president/ceo and the board is provided a copy for review with a period for comments/questions prior to being filed”

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

“The ceo's salary and benefits package is reviewed and set annually by the executive committee of the board of directors, and is based on performance standards and industry salary data for similar positions.”

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

“Employee's salaries are determined by the direct supervisor of the employee, and then approved and finalized by the president/ceo using the criteria used for the president/ceo's position.”

Form 990, Page 6, Part VI, Line 19

“Documents are on file at the organization's office and are available upon request.”

Filing and Contact Details

Filer

Filer Name
Albany Area Chamber of Commerce Inc
EIN
58-0134930
Phone
2294348700
Address
225 WEST BROAD AVENUE, ALBANY, GA 31701

Signing Officer

Name
Matt Reed
Title
Interim Pres/CEO
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Rivera Holmes
Formed
1911
Legal Domicile
Ga
Voting Board Members
28
Independent Board Members
28
Employees
5

Preparer

Firm
Brown & Mcdaniel Cpas LLC
Address
414 N WESTOVER BLVD STE E, ALBANY, GA 31707
Preparer
William D Mcdaniel
Phone
2294321956
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in accrued vacation pay 2,668 book / tax depreciation difference -1,093 total 1,575”

Financial Statement Notes

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

“Change in accrued vacation pay -2,668 book / tax depreciation difference 1,093”

Raw XML AppendixShowing 400 of 588 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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