Civic Intelligence

Weakley County Chamber of Commerce

990 • Fiscal year 2020 • EIN 62-0649649

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 17, 2021

P O Box 67Dresden, TN 38225

(731) 364-3787

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.04x

Higher debt load relative to assets than 63% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.03x

Higher debt load relative to revenue than 62% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

27th percentile

-13%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

25th percentile

-12%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

-13%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$93,440

Down $13,263 (-12%) from 2019

Net Assets

Down

$89,816

Down $13,493 (-13%) from 2019

Liabilities

Up

$3,624

Up $230 (+6.8%) from 2019

Revenue

Down

$107,180

Down $15,533 (-13%) from 2019

Expenses

Down

$120,673

Down $4,766 (-3.8%) from 2019

Net Income

Down

-$13,493

Down $10,767 (-395%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2010: $130,572Liabilities 2010: $5,112Net Assets 2010: $125,4602010Assets 2011: $129,336Liabilities 2011: $5,176Net Assets 2011: $124,1602011Assets 2012: $115,038Liabilities 2012: $2,394Net Assets 2012: $112,6442012Assets 2013: $109,205Liabilities 2013: $2,508Net Assets 2013: $106,6972013Assets 2014: $122,831Liabilities 2014: $2,729Net Assets 2014: $120,1022014Assets 2015: $120,328Liabilities 2015: $2,769Net Assets 2015: $117,5592015Assets 2016: $116,235Liabilities 2016: $2,276Net Assets 2016: $113,9592016Assets 2017: $113,521Liabilities 2017: $2,073Net Assets 2017: $111,4482017Assets 2018: $110,161Liabilities 2018: $4,126Net Assets 2018: $106,0352018Assets 2019: $106,703Liabilities 2019: $3,394Net Assets 2019: $103,3092019Assets 2020: $93,440Liabilities 2020: $3,624Net Assets 2020: $89,8162020Assets 2021: $107,139Liabilities 2021: $3,475Net Assets 2021: $103,6642021Assets 2022: $108,178Liabilities 2022: $3,664Net Assets 2022: $104,5142022Assets 2023: $105,714Liabilities 2023: $3,913Net Assets 2023: $101,8012023Assets 2024: $110,471Liabilities 2024: $4,051Net Assets 2024: $106,4202024

Highlighted filing

2020

Assets$93,440
Liabilities$3,624
Net Assets$89,816

Operations Trend

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

$200K$150K$100K$50K$0-$50KExpenses 2010: $105,2122010Revenue 2011: $107,457Expenses 2011: $108,757Net Income 2011: -$1,3002011Revenue 2012: $99,187Expenses 2012: $113,799Net Income 2012: -$14,6122012Expenses 2013: $107,7682013Revenue 2014: $125,750Expenses 2014: $112,345Net Income 2014: $13,4052014Revenue 2015: $109,349Expenses 2015: $111,892Net Income 2015: -$2,5432015Revenue 2016: $113,715Expenses 2016: $117,315Net Income 2016: -$3,6002016Revenue 2017: $125,071Expenses 2017: $127,581Net Income 2017: -$2,5102017Revenue 2018: $116,933Expenses 2018: $120,376Net Income 2018: -$3,4432018Revenue 2019: $122,713Expenses 2019: $125,439Net Income 2019: -$2,7262019Revenue 2020: $107,180Expenses 2020: $120,673Net Income 2020: -$13,4932020Revenue 2021: $123,091Expenses 2021: $109,570Net Income 2021: $13,5212021Revenue 2022: $122,960Expenses 2022: $122,110Net Income 2022: $8502022Revenue 2023: $128,106Expenses 2023: $130,819Net Income 2023: -$2,7132023Revenue 2024: $158,942Expenses 2024: $160,517Net Income 2024: -$1,5752024

Highlighted filing

2020

Revenue$107,180
Expenses$120,673
Net Income-$13,493
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 17, 2021
Return Version
2019v5.0
Gross Receipts
$107,334
Mission and Program Overview

Mission

The organization's main focus is the promotion and development of the community and businesses of weakley county, tennessee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$50,434$51,523▲ $1,089
Land, Buildings, and Equipment, Net$22,135$23,501▲ $1,366
Cash and Non-Interest-Bearing Accounts$34,134$18,416▼ $15,718
Total Assets$106,703$93,440▼ $13,263
Liabilities
Accounts Payable and Accrued Expenses$3,394$3,624▲ $230
Total Liabilities$3,394$3,624▲ $230
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$90,978$76,842▼ $14,136
Net Assets With Donor Restrictions$12,331$12,974▲ $643
Total Net Assets Fund Balance$103,309$89,816▼ $13,493
Total Liabilities and Net Assets / Fund Balance$106,703$93,440▼ $13,263

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$821$85,992$86,813
Land$14,000-$14,000
Other Land Buildings$-37,505$37,505-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles AndersonPresident
Ty SmithsonPresident El
Alice Ann YearginBoard Member
Allen StrawbridgeBoard Member
Ben MooreBoard Member
Bonnie MooreBoard Member
Brad BranscumBoard Member
Cindy McadamsBoard Member
Dee PritchettBoard Member
Dianna PooleBoard Member
Faron CollinsBoard Member
Jackie JohnsonBoard Member
Jake BynumBoard Member
Jeff WashburnBoard Member
Jeffrey HamesBoard Member
Jonathan JamesBoard Member
Kim HugheyBoard Member
Kyle BrooksBoard Member
Maria LackeyBoard Member
Maria McclainBoard Member
Mark HaglerBoard Member
Misty EdwardsBoard Member
Monroe AryBoard Member
Randy BrundigeBoard Member
Randy FrazierBoard Member
Ricky FinneyBoard Member
Scott TaylorBoard Member
Shelby SpurgeonBoard Member
Steven ScottBoard Member
Tiffany BrowningBoard Member
Tyler MitchellBoard Member
Hal BynumPast Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$92,803
Program Service Revenue
$0
Investment Income
$1,130
Other Revenue
$13,247
Change in Net Assets
$-13,493

Audited Revenue Reconciliation

Revenue per Audited Statements
$107,180
Total Revenue per Audited Statements
$107,180
Total Revenue per Form 990
$107,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$85,810
Other Expenses$34,863
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$79,634-$79,634
Occupancy$6,220--$6,220
Payroll Taxes-$6,176-$6,176
Office Expenses$5,215--$5,215
Insurance$3,468--$3,468
Information Technology$2,057--$2,057
Fees for Services Accounting$1,800--$1,800
Depreciation Depletion$1,337--$1,337
Conferences and Meetings$1,206--$1,206
Travel$471--$471
Other Expenses$178--$178
All Other Expenses$101--$101
Advertising$96--$96
Total Functional Expenses$34,863$85,810$0$120,673

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$120,673
Total Expenses per Audited Statements$120,673
Total Expenses per Form 990$120,673
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$375
Fundraising Direct Expenses$154
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Documents are made available to public upon request.

Filing and Contact Details

Filer

Filer Name
Weakley County Chamber of Commerce
EIN
62-0649649
Address
P O BOX 67, DRESDEN, TN 38225

Signing Officer

Name
Charles Anderson
Title
President
Phone
7313643787
Signed
2021-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Anderson
Formed
1959
Legal Domicile
Tn
Voting Board Members
32
Independent Board Members
32
Employees
2

Preparer

Firm
Alexander Thompson Arnold Pllc
Address
304 NORTH LINDELL, MARTIN, TN 38237
Preparer
David W Hart CPA
Phone
7315875145
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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26PRESIDENT EL
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt30BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt31BOARD MEMBER
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IRS990/FormationYr01959
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt0154
IRS990/FundraisingGrossIncomeAmt0375
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IRS990/GoverningBodyVotingMembersCnt032
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0107334
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt02057
IRS990/InformationTechnologyGrp/TotalAmt02057
IRS990/InsuranceGrp/ProgramServicesAmt03468
IRS990/InsuranceGrp/TotalAmt03468
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01130
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01130
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0123497
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022135
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023501
IRS990/LandBldgEquipCostOrOtherBssAmt0146998
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt092803
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt01300
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01300
IRS990/MissionDesc0THE ORGANIZATION'S MAIN FOCUS IS THE PROMOTION AND DEVELOPMENT OF THE COMMUNITY AND BUSINESSES OF WEAKLEY COUNTY, TENNESSEE.
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IRS990/NetAssetsOrFundBalancesBOYAmt0103309
IRS990/NetAssetsOrFundBalancesEOYAmt089816
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0221
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt076842
IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OccupancyGrp/ProgramServicesAmt06220
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
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IRS990/OtherExpensesGrp/Desc0LEADERSHIP EXPENSES
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP FUNCTION EXP
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/OtherExpensesGrp/ProgramServicesAmt12143
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IRS990/OtherExpensesGrp/TotalAmt3178
IRS990/OtherRevenueMiscGrp/Desc0TUITION INCOME
IRS990/OtherRevenueMiscGrp/Desc1FCBYLWC
IRS990/OtherRevenueMiscGrp/Desc2MEMBERSHIP FUNCTION
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt22400
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt079634
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06176
IRS990/PayrollTaxesGrp/TotalAmt06176
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CHARLES ANDERSON
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt090951
IRS990/PYInvestmentIncomeAmt01116
IRS990/PYOtherExpensesAmt039654
IRS990/PYOtherRevenueAmt030646
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IRS990/PYSalariesCompEmpBnftPaidAmt085785
IRS990/PYTotalExpensesAmt0125439
IRS990/PYTotalRevenueAmt0122713
IRS990/ReconcilationRevenueExpnssAmt0-13493
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt050434
IRS990/SavingsAndTempCashInvstGrp/EOYAmt051523
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0821
IRS990ScheduleD/BuildingsGrp/DepreciationAmt085992
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt086813
IRS990ScheduleD/ExpensesSubtotalAmt0120673
IRS990ScheduleD/LandGrp/BookValueAmt014000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-37505
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037505
IRS990ScheduleD/RevenueSubtotalAmt0107180
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0-22684
IRS990ScheduleD/TotalExpensesPerForm990Amt0120673
IRS990ScheduleD/TotalRevenuePerForm990Amt0107180
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.04$1.06$1.59$1.61$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.04$1.02$1.28$1.31$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.04$1.05$1.23$1.22$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.03$1.04$1.23$1.10$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.93$0.04$0.90$1.07$1.21$0.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.03$1.03$1.23$1.25$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.04$1.06$1.17$1.20$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.02$1.11$1.25$1.28$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.02$1.14$1.14$1.17$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.03$1.18$1.09$1.12$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.03$1.20$1.26$1.12$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.03$1.07$1.08
2012Summary only. Only limited summary data is available for this year.$1.15$0.02$1.13$0.99$1.14$0.15
2011Summary only. Only limited summary data is available for this year.$1.29$0.05$1.24$1.07$1.09$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.05$1.25$1.05