Civic Intelligence

Jackson & Madison County Chamber of Commerce

990 • Fiscal year 2018 • EIN 62-0154490

Feb 01, 2017 to Jan 31, 2018 • Filed on Jun 27, 2018

PO Box 1904Jackson, TN 38302-1904

(731) 423-2200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.16x

Higher debt load relative to assets than 47% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.46x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

3rd percentile

-37%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

80th percentile

$238,794

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

18th percentile

-8.5%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-65%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,653,539

Down $340,684 (-8.5%) from 2017

Net Assets

Down

$3,086,755

Down $463,127 (-13%) from 2017

Liabilities

Up

$566,784

Up $122,443 (+28%) from 2017

Revenue

Down

$1,244,689

Down $2,313,553 (-65%) from 2017

Expenses

Down

$1,707,816

Down $417,243 (-20%) from 2017

Net Income

Down

-$463,127

Down $1,896,310 (-132%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $4,376,989Liabilities 2012: $504,587Net Assets 2012: $3,872,4022012Assets 2013: $3,818,639Liabilities 2013: $489,950Net Assets 2013: $3,328,6892013Assets 2014: $3,212,586Liabilities 2014: $709,430Net Assets 2014: $2,503,1562014Assets 2015: $2,684,660Liabilities 2015: $680,150Net Assets 2015: $2,004,5102015Assets 2016: $2,608,466Liabilities 2016: $491,767Net Assets 2016: $2,116,6992016Assets 2017: $3,994,223Liabilities 2017: $444,341Net Assets 2017: $3,549,8822017Assets 2018: $3,653,539Liabilities 2018: $566,784Net Assets 2018: $3,086,7552018Assets 2019: $3,214,386Liabilities 2019: $644,520Net Assets 2019: $2,569,8662019Assets 2020: $2,456,420Liabilities 2020: $542,129Net Assets 2020: $1,914,2912020Assets 2021: $1,979,751Liabilities 2021: $468,499Net Assets 2021: $1,511,2522021Assets 2022: $2,971,599Liabilities 2022: $455,982Net Assets 2022: $2,515,6172022Assets 2023: $3,205,594Liabilities 2023: $550,783Net Assets 2023: $2,654,8112023Assets 2024: $2,852,948Liabilities 2024: $552,595Net Assets 2024: $2,300,3532024Assets 2025: $3,050,510Liabilities 2025: $731,885Net Assets 2025: $2,318,6252025

Highlighted filing

2018

Assets$3,653,539
Liabilities$566,784
Net Assets$3,086,755

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2012: $1,905,2332012Expenses 2013: $1,979,6242013Revenue 2014: $1,223,000Expenses 2014: $1,710,722Net Income 2014: -$487,7222014Revenue 2015: $2,243,343Expenses 2015: $2,741,989Net Income 2015: -$498,6462015Revenue 2016: $3,033,379Expenses 2016: $2,921,190Net Income 2016: $112,1892016Revenue 2017: $3,558,242Expenses 2017: $2,125,059Net Income 2017: $1,433,1832017Revenue 2018: $1,244,689Expenses 2018: $1,707,816Net Income 2018: -$463,1272018Revenue 2019: $1,290,263Expenses 2019: $1,807,152Net Income 2019: -$516,8892019Revenue 2020: $1,168,080Expenses 2020: $1,823,652Net Income 2020: -$655,5722020Revenue 2021: $1,076,357Expenses 2021: $1,489,395Net Income 2021: -$413,0382021Revenue 2022: $2,649,898Expenses 2022: $1,645,533Net Income 2022: $1,004,3652022Revenue 2023: $2,120,625Expenses 2023: $1,974,179Net Income 2023: $146,4462023Revenue 2024: $2,241,455Expenses 2024: $2,269,942Net Income 2024: -$28,4872024Revenue 2025: $2,542,814Expenses 2025: $2,207,451Net Income 2025: $335,3632025

Highlighted filing

2018

Revenue$1,244,689
Expenses$1,707,816
Net Income-$463,127
Jump To
Filing Snapshot
Filing Period
Feb 1, 2017 to Jan 31, 2018
Signed
Jun 27, 2018
Return Version
2017v2.3
Gross Receipts
$1,248,527
Mission and Program Overview

Mission

Promoting economic and business development

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,421,380$1,861,897▼ $559,483
Land, Buildings, and Equipment, Net$936,033$909,946▼ $26,087
Cash and Non-Interest-Bearing Accounts$571,342$838,893▲ $267,551
Accounts Receivable$44,301$26,176▼ $18,125
Prepaid Expenses and Deferred Charges$20,486$15,946▼ $4,540
Total Assets$3,994,223$3,653,539▼ $340,684
Other Assets Total$681$681→ $0
Liabilities
Other Liabilities$415,218$552,825▲ $137,607
Accounts Payable and Accrued Expenses$25,734$13,959▼ $11,775
Mortgage Notes Payable Secured by Investment Property$3,389--
Total Liabilities$444,341$566,784▲ $122,443
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,632,697$2,132,927▼ $499,770
Unrestricted Net Assets$917,185$953,828▲ $36,643
Total Net Assets Fund Balance$3,549,882$3,086,755▼ $463,127
Total Liabilities and Net Assets / Fund Balance$3,994,223$3,653,539▼ $340,684

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$846,446$622,942$1,469,388
Land$63,500-$63,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kyle SpurgeonPresident &FT$238,794$238,794
Kyle SpurgeonPresident & CEO-$238,794$238,794

Board Members and Trustees

NameTitle
Jim FerrrellChairman
Ben FergusonPast Chairm
Allana HamiltonDirector
Connie MullinsDirector
Dustin SummersDirector
Eric JonesDirector
Gary TaylorDirector
Gerald Ferguson JrDirector
Greg ParsonsDirector
James Campbell IiiDirector
Janet SilverDirector
Jeff SiskDirector
Jinny BallardDirector
John ReidDirector
Josh HayesDirector
Logan HamptonDirector
Martin KargDirector
Mayor Larry SandersDirector
Michael PaceDirector
Mike OverbeyDirector
Monte JonesDirector
Niles ReddickDirector
Samuel OliverDirector
Swee Har WilcoxDirector
Verna RuffinDirector
JAMES 'JR' ROSS1st Vice CHA
Jerry GistEx-officio
Jimmy HarrisEx-officio
Curtis MansfieldSec/treasure
Revenue and Support

Revenue Composition

Contributions and Grants
$470,876
Program Service Revenue
$763,939
Investment Income
$1,217
Other Revenue
$8,657
All Other Contributions
$287,089
Change in Net Assets
$-463,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,244,689
Total Revenue per Audited Statements
$1,244,689
Total Revenue per Form 990
$1,244,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,230,030
Salaries, Compensation, and Employee Benefits$477,786
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$306,056$76,164-$382,220
All Other Expenses$143,288$68,485-$211,773
Occupancy$3,270$64,730-$68,000
Other Employee Benefits$48,130$18,641-$66,771
Depreciation Depletion$5,250$38,038-$43,288
Other Expenses$28,925--$28,925
Payroll Taxes$22,835$5,960-$28,795
Insurance-$17,041-$17,041
Office Expenses$468$16,096-$16,564
Fees for Services Accounting-$8,363-$8,363
Advertising$904--$904
Fees for Services Legal-$450-$450
Total Functional Expenses$1,393,848$313,968$0$1,707,816

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,707,816
Total Expenses per Audited Statements$1,707,816
Total Expenses per Form 990$1,707,816
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,600
Fundraising Direct Expenses$3,838
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Dues Income$266,683
Unearned Grant Income$184,079
Accrued Salaries$41,925
Other Unearned Income$38,354
Pension Payable$14,908
Credit Card Payable$4,652
Payroll Taxes Payable$2,224
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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 11B

The current chairman of the board, cfo and cea review the form 990 prior to filing the form.

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

Executive committee reviews and makes final decision.

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

Executive committe reviews recomendations of ceo and they make any final determination.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Jackson & Madison County Chamber
EIN
62-0154490
Phone
7314232200
Address
PO BOX 1904, JACKSON, TN 38302-1904
Doing Business As
Jackson Chamber

Signing Officer

Name
Kyle Spurgeon
Title
President & CEO
Phone
7314232200
Signed
2018-06-27

Organization Details

Principal Officer
Kyle Spurgeon
Formed
1905
Legal Domicile
Tn
Voting Board Members
30
Independent Board Members
30
Employees
20
Volunteers
1,000

Preparer

Firm
Cowart Reese Sargent Cpas
Address
64 LYNOAK COVE, JACKSON, TN 38305-2800
Preparer
Brex Baker CPA
Phone
7316681806
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Dues & subscriptions 11,280 7,775 0 annual awards 18,021 0 0 youth leadership 17,522 0 0 membership development 16,535 0 0 equipment lease 0 16,396 0 women in business 13,234 0 0 jrp expenses 12,439 0 0 internet/web page 853 10,772 0 dues charged of 11,149 0 0 computertization 0 10,978 0 service charge 0 6,405 0 conferences 5,218 0 0 organizational developmen 0 5,145 0 local meetings 4,479 644 0 small business seminars 5,079 0 0 quarterly breakfast 4,300 0 0 emmisaries 4,063 0 0 jyp-meeting expense 3,577 0 0 government affairs expens 3,389 0 0 ambassadors expense 2,943 0 0 newsletter 2,911 0 0 auto expense 0 2,713 0 wellness 0 2,574 0 exec comm/bod 0 2,267 0 employee training 1,782 0 0 storage rental 0 1,740 0 miscellaneous 698 978 0 pie-partners in education 1,121 0 0 photography 792 0 0 education committee 656 0 0 city to city 608 0 0 commission sales 497 0 0 amp events 142 0 0 temporary employment 0 98 0 total 143,288 68,485 0

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt1SEC/TREASURE
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST CHAIRM
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt6EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt181ST VICE CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01905
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
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IRS990/FundraisingGrossIncomeAmt08600
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt030
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IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossRentsGrp/RealAmt03185
IRS990/GrossSalesOfInventoryAmt0710
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt030
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt017041
IRS990/InsuranceGrp/TotalAmt017041
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01217
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IRS990/LandBldgEquipAccumDeprecAmt0622942
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0936033
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTING ECONOMIC AND BUSINESS DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03389
IRS990/NetAssetsOrFundBalancesBOYAmt03549882
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048130
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IRS990/OtherExpensesGrp/Desc2LEADERSHIP JACKSON
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IRS990/OtherExpensesGrp/TotalAmt229534
IRS990/OtherExpensesGrp/TotalAmt328925
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IRS990/OtherLiabilitiesGrp/EOYAmt0552825
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt076164
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0306056
IRS990/OtherSalariesAndWagesGrp/TotalAmt0382220
IRS990/PartialLiquidationInd0false
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02421380
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01861897
IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015946
IRS990/PrincipalOfficerNm0KYLE SPURGEON
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1LEADERSHIP JACKSON
IRS990/ProgramServiceRevenueGrp/Desc2LEADERSHIP JACKSON ALUMNI
IRS990/ProgramServiceRevenueGrp/Desc3ANNUAL AWARDS
IRS990/ProgramServiceRevenueGrp/Desc4CVB MANAGEMENT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt139475
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt226009
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt324500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt418000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0542154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt139475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt226009
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt324500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt418000
IRS990/ProhibitedTaxShelterTransInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.73$2.32$2.54$2.21$0.34
2024Detailed filing. Detailed filing data is available for this year.$2.85$0.55$2.30$2.24$2.27$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.55$2.65$2.12$1.97$0.15
2022Detailed filing. Detailed filing data is available for this year.$2.97$0.46$2.52$2.65$1.65$1.00
2021Detailed filing. Detailed filing data is available for this year.$1.98$0.47$1.51$1.08$1.49$0.41
2020Detailed filing. Detailed filing data is available for this year.$2.46$0.54$1.91$1.17$1.82$0.66
2019Detailed filing. Detailed filing data is available for this year.$3.21$0.64$2.57$1.29$1.81$0.52
2018Detailed filing. Detailed filing data is available for this year.$3.65$0.57$3.09$1.24$1.71$0.46
2017Detailed filing. Detailed filing data is available for this year.$3.99$0.44$3.55$3.56$2.13$1.43
2016Detailed filing. Detailed filing data is available for this year.$2.61$0.49$2.12$3.03$2.92$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.68$0.68$2.00$2.24$2.74$0.50
2014Detailed filing. Detailed filing data is available for this year.$3.21$0.71$2.50$1.22$1.71$0.49
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$0.49$3.33$1.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$0.50$3.87$1.91