Civic Intelligence

Mayfield Graves County Chamber of Commerce

EIN 61-0600511 • 501(c)6 • Mayfield, KY

Profile

Promote mayfield and graves county ky

201 E College StMayfield, KY 42066

n/A

Siviq Scores

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

Liabilities / Assets

65th percentile

0.03x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.03x

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

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

Net Margin

90th percentile

32%

Higher net margin than 90% of similar nonprofits.

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

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

91st percentile

48%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

76th percentile

18%

Faster revenue growth than 76% of similar nonprofits.

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

Assets

Up

$182,167

Up $59,206 (+48%) from 2023

Liabilities

Down

$5,230

Down $2,296 (-31%) from 2023

Net Assets

Up

$176,937

Up $61,502 (+53%) from 2023

Revenue

Up

$190,306

Up $29,334 (+18%) from 2023

Expenses

Up

$128,804

Up $6,602 (+5.4%) from 2023

Net Income

Up

$61,502

Up $22,732 (+59%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2012: $63,335Liabilities 2012: $02012Assets 2013: $32,488Liabilities 2013: $7,6122013Assets 2014: $26,934Liabilities 2014: $9,690Net Assets 2014: $17,2442014Assets 2015: $28,808Liabilities 2015: $15,210Net Assets 2015: $13,5982015Assets 2016: $28,673Liabilities 2016: $8,5002016Assets 2017: $28,750Liabilities 2017: $9,120Net Assets 2017: $19,6302017Assets 2018: $34,365Liabilities 2018: $6,294Net Assets 2018: $28,0712018Assets 2019: $31,502Liabilities 2019: $4,865Net Assets 2019: $26,6372019Assets 2020: $65,947Liabilities 2020: $12,409Net Assets 2020: $53,5382020Assets 2021: $99,358Liabilities 2021: $7,166Net Assets 2021: $92,1922021Assets 2022: $62,626Liabilities 2022: $7,659Net Assets 2022: $54,9672022Assets 2023: $122,961Liabilities 2023: $7,526Net Assets 2023: $115,4352023Assets 2024: $182,167Liabilities 2024: $5,230Net Assets 2024: $176,9372024

Highlighted filing

2024

Assets$182,167
Liabilities$5,230
Net Assets$176,937

Operations Trend

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

$200K$100K$0-$100KRevenue 2012: $119,627Expenses 2012: $137,561Net Income 2012: -$17,9342012Revenue 2013: $101,042Expenses 2013: $99,429Net Income 2013: $1,6132013Revenue 2014: $100,402Expenses 2014: $108,034Net Income 2014: -$7,6322014Revenue 2015: $99,128Expenses 2015: $102,773Net Income 2015: -$3,6452015Revenue 2016: $102,380Expenses 2016: $95,805Net Income 2016: $6,5752016Revenue 2017: $103,625Expenses 2017: $104,168Net Income 2017: -$5432017Revenue 2018: $122,740Expenses 2018: $114,299Net Income 2018: $8,4412018Revenue 2019: $118,159Expenses 2019: $119,592Net Income 2019: -$1,4332019Revenue 2020: $131,105Expenses 2020: $104,206Net Income 2020: $26,8992020Revenue 2021: $114,555Expenses 2021: $75,899Net Income 2021: $38,6562021Revenue 2022: $91,498Expenses 2022: $128,722Net Income 2022: -$37,2242022Revenue 2023: $160,972Expenses 2023: $122,202Net Income 2023: $38,7702023Revenue 2024: $190,306Expenses 2024: $128,804Net Income 2024: $61,5022024

Highlighted filing

2024

Revenue$190,306
Expenses$128,804
Net Income$61,502

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.05$1.77$1.90$1.29$0.62
2023Summary only. Only limited summary data is available for this year.$1.23$0.08$1.15$1.61$1.22$0.39
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.08$0.55$0.91$1.29$0.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.07$0.92$1.15$0.76$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.12$0.54$1.31$1.04$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.05$0.27$1.18$1.20$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.06$0.28$1.23$1.14$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.09$0.20$1.04$1.04$0.01
2016Summary only. Only limited summary data is available for this year.$0.29$0.09$1.02$0.96$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.15$0.14$0.99$1.03$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.10$0.17$1.00$1.08$0.08
2013Summary only. Only limited summary data is available for this year.$0.32$0.08$1.01$0.99$0.02
2012Summary only. Only limited summary data is available for this year.$0.63$0.00$1.20$1.38$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 21, 2025
Return Version
2024v5.0
Gross Receipts
$236,640
Mission and Program Overview

Mission

Promote mayfield and graves county ky

To champion the mayfield-graves county business community through promotion, advocacy, and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$69,991$120,839▲ $50,848
Land, Buildings, and Equipment, Net$256$1,816▲ $1,560
Total Assets$122,961$182,167▲ $59,206
Other Assets Total$52,714$59,512▲ $6,798
Liabilities
Other Liabilities$7,526$5,230▼ $2,296
Total Liabilities$7,526$5,230▼ $2,296
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$115,435$176,937▲ $61,502
Total Net Assets Fund Balance$115,435$176,937▲ $61,502
Total Liabilities and Net Assets / Fund Balance$122,961$182,167▲ $59,206

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,816$82,178$83,994
Other Assets Org$59,512--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$142,910
Program Service Revenue
$0
Investment Income
$190
Other Revenue
$47,206
All Other Contributions
$49,000
Change in Net Assets
$61,502
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$64,579
Other Expenses$64,225
Total Fundraising Expense$21,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$29,751$14,876$14,876$59,503
Fees for Services Accounting-$13,628-$13,628
Insurance-$12,360-$12,360
Office Expenses$327$6,900$327$7,554
Payroll Taxes$2,538$1,269$1,269$5,076
Occupancy-$4,658-$4,658
Advertising$1,848-$1,848$3,696
Depreciation Depletion$3,369--$3,369
All Other Expenses$1,164$1,691$375$3,230
Travel$1,452$387$97$1,936
Information Technology--$1,360$1,360
Other Expenses$1,135$1,995$1,527$1,135
Total Functional Expenses$46,306$60,819$21,679$128,804
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$93,540
Fundraising Direct Expenses$46,334
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Farm to Table$29,680$29,680$11,733$17,947
Annual Dinner$28,525$28,525$15,413$13,112
Total Events$89,740$89,740$44,023$45,717
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Youth Leadership Liability$2,640
Payroll Liabitilities$2,590
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
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 11B

The 990 is presented to the board for approval and signature.

Form 990, Page 6, Part VI, Line 19

Documents are available upon written request submitted at orgnaization's address.

Filing and Contact Details

Filer

Filer Name
Mayfield Graves Co Chamber of Comme
EIN
61-0600511
Phone
2702476101
Address
201 E COLLEGE ST, MAYFIELD, KY 42066

Signing Officer

Name
Riley Beth Willett
Title
Chair
Phone
2702476101
Signed
2025-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Riley Beth Willett
Voting Board Members
15
Independent Board Members
15
Employees
4
Volunteers
45

Preparer

Firm
Fox & Company Cpas Inc
Address
907 PARIS RD, MAYFIELD, KY 42066
Preparer
Johanna P Turner
Phone
2702476087
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The chamber of commerce provides informatoin to tourists and promotes the mayfield graves county area businesses by offering gift certificates and special events.

Raw XML Appendix388 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/OtherExpensesGrp/TotalAmt31135
IRS990/OtherLiabilitiesGrp/BOYAmt07526
IRS990/OtherLiabilitiesGrp/EOYAmt05230
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014876
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014876
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt029751
IRS990/OtherSalariesAndWagesGrp/TotalAmt059503
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01269
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01269
IRS990/PayrollTaxesGrp/ProgramServicesAmt02538
IRS990/PayrollTaxesGrp/TotalAmt05076
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RILEY BETH WILLETT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE CHAMBER OF COMMERCE PROVIDES INFORMATOIN TO TOURISTS AND PROMOTES THE MAYFIELD GRAVES COUNTY AREA BUSINESSES BY OFFERING GIFT CERTIFICATES AND SPECIAL EVENTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0139010
IRS990/PYInvestmentIncomeAmt061
IRS990/PYOtherExpensesAmt056277
IRS990/PYOtherRevenueAmt021901
IRS990/PYRevenuesLessExpensesAmt038770
IRS990/PYSalariesCompEmpBnftPaidAmt065925
IRS990/PYTotalExpensesAmt0122202
IRS990/PYTotalRevenueAmt0160972
IRS990/ReconcilationRevenueExpnssAmt061502
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt059512
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0THEFT RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01816
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt082178
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt083994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12590
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0YOUTH LEADERSHIP LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABITILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01816
IRS990ScheduleD/TotalBookValueOtherAssetsAmt059512
IRS990ScheduleD/TotalLiabilityAmt05230
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt044023
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FARM TO TABLE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029680
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt028525
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt031535
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt089740
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029680
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt028525
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt031535
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt089740
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt045717
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt016877
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt044023
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011733
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt015413
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAMBER OF COMMERCE PROVIDES INFORMATOIN TO TOURISTS AND PROMOTES THE MAYFIELD GRAVES COUNTY AREA BUSINESSES BY OFFERING GIFT CERTIFICATES AND SPECIAL EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PRESENTED TO THE BOARD FOR APPROVAL AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST SUBMITTED AT ORGNAIZATION'S ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0122961
IRS990/TotalAssetsEOYAmt0182167
IRS990/TotalAssetsGrp/BOYAmt0122961
IRS990/TotalAssetsGrp/EOYAmt0182167
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0142910
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021679
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060819
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt046306
IRS990/TotalFunctionalExpensesGrp/TotalAmt0128804
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07526
IRS990/TotalLiabilitiesEOYAmt05230
IRS990/TotalLiabilitiesGrp/BOYAmt07526
IRS990/TotalLiabilitiesGrp/EOYAmt05230
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0115435
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0176937
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0190
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0190306
IRS990/TotalVolunteersCnt045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0122961
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0182167
IRS990/TravelGrp/FundraisingAmt097
IRS990/TravelGrp/ManagementAndGeneralAmt0387
IRS990/TravelGrp/ProgramServicesAmt01452
IRS990/TravelGrp/TotalAmt01936
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0HTTP://WWW.MAYFIELDGRAVESCHAMBER.COM/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RILEY BETH WILLETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02702476101
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAYFIELD GRAVES CO CHAMBER OF COMME
ReturnHeader/Filer/BusinessNameControlTxt0MAYF
ReturnHeader/Filer/EIN0610600511
ReturnHeader/Filer/PhoneNum02702476101
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 E COLLEGE ST
ReturnHeader/Filer/USAddress/CityNm0MAYFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042066
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611291560
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FOX & COMPANY CPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0907 PARIS RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAYFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd042066
ReturnHeader/PreparerPersonGrp/PhoneNum02702476087
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHANNA P TURNER
ReturnHeader/ReturnTs02025-11-17T11:33:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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