Civic Intelligence

Albany Area Chamber Foundation Inc

EIN 58-1821204 • 501(c)3 • Albany, GA

Profile

The aims and purposes of the albany area chamber foundation shall include, but not be limited to, the advancement and diffusion of knowledge and understanding of economics, matters of public concern, finance, education and training, housing, human relations, problems of minority groups, science and technology, economic planning and development, international relations, and other subjects related to improve efficiency, development, international relations and other subjects related to improve efficiency, development and acceleration of both the quality of and quantity of economic growth and employment opportuntities.

225 W Broad AvenueAlbany, GA 31701

n/A

Siviq Scores

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

Liabilities / Assets

67th percentile

0.09x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.62x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$139,351

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 169.1% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

51st percentile

3.5%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

62%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$547,593

Up $18,571 (+3.5%) from 2023

Liabilities

Up

$50,841

Up $3,919 (+8.4%) from 2023

Net Assets

Up

$496,752

Up $14,652 (+3.0%) from 2023

Operations
Liabilities / Revenue89th percentileNet Margin21st percentile

Revenue

Up

$82,385

Up $31,391 (+62%) from 2023

Expenses

Down

$92,457

Down $27,435 (-23%) from 2023

Net Income

Up

-$10,072

Up $58,826 (+85%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

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

$800K$600K$400K$200K$0Assets 2010: $381,614Liabilities 2010: $0Net Assets 2010: $381,6142010Assets 2011: $479,832Liabilities 2011: $1,548Net Assets 2011: $478,2842011Assets 2012: $447,958Liabilities 2012: $62,500Net Assets 2012: $385,4582012Assets 2013: $492,286Liabilities 2013: $62,500Net Assets 2013: $429,7862013Assets 2014: $483,757Liabilities 2014: $72,500Net Assets 2014: $411,2572014Assets 2015: $441,555Liabilities 2015: $100,000Net Assets 2015: $341,5552015Assets 2016: $456,236Liabilities 2016: $56,570Net Assets 2016: $399,6662016Assets 2017: $483,160Liabilities 2017: $100,387Net Assets 2017: $382,7732017Assets 2018: $459,369Liabilities 2018: $112,887Net Assets 2018: $346,4822018Assets 2019: $634,960Liabilities 2019: $277,637Net Assets 2019: $357,3232019Assets 2020: $690,990Liabilities 2020: $385,839Net Assets 2020: $305,1512020Assets 2021: $626,553Liabilities 2021: $8,523Net Assets 2021: $618,0302021Assets 2022: $542,771Liabilities 2022: $48,690Net Assets 2022: $494,0812022Assets 2023: $529,022Liabilities 2023: $46,922Net Assets 2023: $482,1002023Assets 2024: $547,593Liabilities 2024: $50,841Net Assets 2024: $496,7522024

Highlighted filing

2024

Assets$547,593
Liabilities$50,841
Net Assets$496,752
Open 2024 Filing

Operations Trend

Revenue Growth85th percentile

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

$400K$200K$0-$200KExpenses 2010: $83,4212010Revenue 2011: $299,527Expenses 2011: $166,919Net Income 2011: $132,6082011Expenses 2012: $276,8882012Revenue 2013: $269,886Expenses 2013: $261,991Net Income 2013: $7,8952013Revenue 2014: $260,308Expenses 2014: $260,879Net Income 2014: -$5712014Revenue 2015: $253,606Expenses 2015: $280,470Net Income 2015: -$26,8642015Revenue 2016: $374,229Expenses 2016: $297,916Net Income 2016: $76,3132016Revenue 2017: $211,839Expenses 2017: $258,138Net Income 2017: -$46,2992017Revenue 2018: $305,619Expenses 2018: $284,843Net Income 2018: $20,7762018Revenue 2019: $221,656Expenses 2019: $256,874Net Income 2019: -$35,2182019Revenue 2020: $155,664Expenses 2020: $255,459Net Income 2020: -$99,7952020Revenue 2021: $204,167Expenses 2021: $17,467Net Income 2021: $186,7002021Revenue 2022: $9,776Expenses 2022: $21,174Net Income 2022: -$11,3982022Revenue 2023: $50,994Expenses 2023: $119,892Net Income 2023: -$68,8982023Revenue 2024: $82,385Expenses 2024: $92,457Net Income 2024: -$10,0722024

Highlighted filing

2024

Revenue$82,385
Expenses$92,457
Net Income-$10,072
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
$547,593
Liabilities
$50,841
Net assets
$496,752
Revenue
$82,385
Expenses
$92,457
Net income
-$10,072
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.48$0.51$4.97$0.82$0.92$0.10
2023Detailed filing. Detailed filing data is available for this year.$5.29$0.47$4.82$0.51$1.20$0.69
2022Detailed filing. Detailed filing data is available for this year.$5.43$0.49$4.94$0.10$0.21$0.11
2021Detailed filing. Detailed filing data is available for this year.$6.27$0.09$6.18$2.04$0.17$1.87
2020Detailed filing. Detailed filing data is available for this year.$6.91$3.86$3.05$1.56$2.55$1.00
2019Detailed filing. Detailed filing data is available for this year.$6.35$2.78$3.57$2.22$2.57$0.35
2018Detailed filing. Detailed filing data is available for this year.$4.59$1.13$3.46$3.06$2.85$0.21
2017Detailed filing. Detailed filing data is available for this year.$4.83$1.00$3.83$2.12$2.58$0.46
2016Detailed filing. Detailed filing data is available for this year.$4.56$0.57$4.00$3.74$2.98$0.76
2015Detailed filing. Detailed filing data is available for this year.$4.42$1.00$3.42$2.54$2.80$0.27
2014Detailed filing. Detailed filing data is available for this year.$4.84$0.73$4.11$2.60$2.61$0.01
2013Detailed filing. Detailed filing data is available for this year.$4.92$0.63$4.30$2.70$2.62$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.48$0.63$3.85$2.77
2011Summary only. Only limited summary data is available for this year.$4.80$0.02$4.78$3.00$1.67$1.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$0.00$3.82$0.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$95,514
Mission and Program Overview

Mission

The albany chamber foundation shall be the aims of advancement and diffusion of knowledge and understanding of economics, matters of public concern, finance, education and training, housing, human relations, problems of minority groups, science and technology, economic planning and development, international relations, and other subjects related to improve efficiency, development, international relations and other sujects related to improve efficiency, development and acceleration of both the quality of and quantity of economic growth and employment opportuntities.

The aims and purposes of the albany area chamber foundation shall include, but not be limited to, the advancement and diffusion of knowledge and understanding of economics, matters of public concern, finance, education and training, housing, human relations, problems of minority groups, science and technology, economic planning and development, international relations, and other subjects related to improve efficiency, development, international relations and other subjects related to improve efficiency, development and acceleration of both the quality of and quantity of economic growth and employment opportuntities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$501,953$496,310▼ $5,643
Savings and Temporary Cash Investments$16,176$44,493▲ $28,317
Prepaid Expenses and Deferred Charges$4,348$5,200▲ $852
Accounts Receivable$6,545$1,590▼ $4,955
Total Assets$529,022$547,593▲ $18,571
Liabilities
Accounts Payable and Accrued Expenses$25,002$49,341▲ $24,339
Deferred Revenue$21,920$1,500▼ $20,420
Total Liabilities$46,922$50,841▲ $3,919
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$258,084$266,136▲ $8,052
Net Assets With Donor Restrictions$224,016$230,616▲ $6,600
Total Net Assets Fund Balance$482,100$496,752▲ $14,652
Total Liabilities and Net Assets / Fund Balance$529,022$547,593▲ $18,571

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$501,953-▲ $55,083$55,000$496,310
2023$512,640-▲ $45,015$50,000$501,953
2022$621,448-▼ $102,776-$512,640
2021$544,528-▲ $83,385-$621,448
2020$494,018-▲ $55,919-$544,528
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleOtherTotal
Barbara Rivera HolmesSecretary$139,351$139,351

Board Members and Trustees

NameTitle
Adam HutchinsDirector
Bridges SinyardDirector
Dan GillanDirector
Don GrayDirector
Jeretha PetersDirector
Lisa StephensDirector
Rob DouglasDirector
Smith WilsonDirector
Taylor JenkinsDirector
Matt ReedIterim Secre
Revenue and Support

Revenue Composition

Contributions and Grants
$35,701
Program Service Revenue
$15,825
Investment Income
$30,859
Other Revenue
$0
All Other Contributions
$22,975
Change in Net Assets
$-10,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,457
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$48,556$24,000-$72,556
Fees for Service Investment Mgmnt Fees-$5,726-$5,726
Fees for Services Accounting-$2,740-$2,740
Other Expenses$376$176-$176
Office Expenses-$122-$122
All Other Expenses-$50-$50
Total Functional Expenses$59,643$32,814$0$92,457
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,129
Fundraising Gross Income$13,129
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mlk Dinner$25,855$13,129$3,469$9,660
Total Events$25,855$13,129$13,129-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
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 7A

“The chairman, chairman elect, the immediate past chairman, vice chairmen, treasurer, and the president/ceo of the albany area chamber of commerce shall be members of the board and shall serve by right of the offices they hold in the albany area chamber of commerce. The number of directors elected at large shall be no less than three (3). The immediate past chairman of the chamber shall be the chairman of the board of directors. Each of the at-large directors shall be elected for a term of three (3) years and shall serve until his successor has been elected and qualified.”

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

“A detailed review is made by the president/ceo of the albany area chamber of commerce 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 19

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Albany Area Chamber Foundation Inc
EIN
58-1821204
Phone
2294348700
Address
225 W BROAD AVENUE, ALBANY, GA 31701

Signing Officer

Name
Matt Reed
Title
Iterim Secretary
Phone
2294348700
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Rivera Holmes
Formed
1988
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
9
Employees
0

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 - ORGANIZATION'S MISSION

“The aims and purposes of the albany area chamber foundation shall include, but not be limited to, the advancement and diffusion of knowledge and understanding of economics, matters of public concern, finance, education and training, housing, human relations, problems of minority groups, science and technology, economic planning and development, international relations, and other subjects related to improve efficiency, development, international relations and other subjects related to improve efficiency, development and acceleration of both the quality of and quantity of economic growth and employment opportuntities.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The albany area chamber foundation has two endowment funds, one which is permanently restricted for the purpose of a scholarship fund for dougherty county school system students in art, language arts, and social studies; and one that is bifurcated between a permanently restricted portion whose corpus must remain intact and a board-designated unrestricted portion whose funds may be utilized to execute the foundation's strategic plan. The bifurcation of the latter follows donor guidance provided in september 2020.”

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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/TitleTxt7ITERIM SECRE
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IRS990/MissionDesc0THE AIMS AND PURPOSES OF THE ALBANY AREA CHAMBER FOUNDATION SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTERS OF PUBLIC CONCERN, FINANCE, EDUCATION AND TRAINING, HOUSING, HUMAN RELATIONS, PROBLEMS OF MINORITY GROUPS, SCIENCE AND TECHNOLOGY, ECONOMIC PLANNING AND DEVELOPMENT, INTERNATIONAL RELATIONS, AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT, INTERNATIONAL RELATIONS AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT AND ACCELERATION OF BOTH THE QUALITY OF AND QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNTITIES.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 10
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.30220
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ALBANY AREA CHAMBER FOUNDATION HAS TWO ENDOWMENT FUNDS, ONE WHICH IS PERMANENTLY RESTRICTED FOR THE PURPOSE OF A SCHOLARSHIP FUND FOR DOUGHERTY COUNTY SCHOOL SYSTEM STUDENTS IN ART, LANGUAGE ARTS, AND SOCIAL STUDIES; AND ONE THAT IS BIFURCATED BETWEEN A PERMANENTLY RESTRICTED PORTION WHOSE CORPUS MUST REMAIN INTACT AND A BOARD-DESIGNATED UNRESTRICTED PORTION WHOSE FUNDS MAY BE UTILIZED TO EXECUTE THE FOUNDATION'S STRATEGIC PLAN. THE BIFURCATION OF THE LATTER FOLLOWS DONOR GUIDANCE PROVIDED IN SEPTEMBER 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AIMS AND PURPOSES OF THE ALBANY AREA CHAMBER FOUNDATION SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTERS OF PUBLIC CONCERN, FINANCE, EDUCATION AND TRAINING, HOUSING, HUMAN RELATIONS, PROBLEMS OF MINORITY GROUPS, SCIENCE AND TECHNOLOGY, ECONOMIC PLANNING AND DEVELOPMENT, INTERNATIONAL RELATIONS, AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT, INTERNATIONAL RELATIONS AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT AND ACCELERATION OF BOTH THE QUALITY OF AND QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHAIRMAN, CHAIRMAN ELECT, THE IMMEDIATE PAST CHAIRMAN, VICE CHAIRMEN, TREASURER, AND THE PRESIDENT/CEO OF THE ALBANY AREA CHAMBER OF COMMERCE SHALL BE MEMBERS OF THE BOARD AND SHALL SERVE BY RIGHT OF THE OFFICES THEY HOLD IN THE ALBANY AREA CHAMBER OF COMMERCE. THE NUMBER OF DIRECTORS ELECTED AT LARGE SHALL BE NO LESS THAN THREE (3). THE IMMEDIATE PAST CHAIRMAN OF THE CHAMBER SHALL BE THE CHAIRMAN OF THE BOARD OF DIRECTORS. EACH OF THE AT-LARGE DIRECTORS SHALL BE ELECTED FOR A TERM OF THREE (3) YEARS AND SHALL SERVE UNTIL HIS SUCCESSOR HAS BEEN ELECTED AND QUALIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DETAILED REVIEW IS MADE BY THE PRESIDENT/CEO OF THE ALBANY AREA CHAMBER OF COMMERCE AND THE BOARD IS PROVIDED A COPY FOR REVIEW WITH A PERIOD FOR COMMENTS/QUESTIONS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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