Civic Intelligence

Bessemer Chamber of Commerce

EIN 63-0020120 • 501(c)6 • Bessemer, AL

Profile

Promote the economic well being of regional businesses and represent the business community in economic, political, civic, educational, and cultural development of the region.

321 North 18th StreetBessemer, AL 35020

www.bessemerchamber.com

Siviq Scores

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

Liabilities / Assets

97th percentile

1.39x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

78th percentile

0.11x

Higher debt load relative to revenue than 78% of similar nonprofits.

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

Net Margin

33rd percentile

-9.0%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$66,200

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

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

Asset Growth

21st percentile

-30%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

39th percentile

-7.0%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Down

$27,825

Down $11,695 (-30%) from 2023

Liabilities

Up

$38,550

Up $20,210 (+110%) from 2023

Net Assets

Down

-$10,725

Down $31,905 (-151%) from 2023

Revenue

Down

$355,223

Down $26,596 (-7.0%) from 2023

Expenses

Up

$387,128

Up $52,493 (+16%) from 2023

Net Income

Down

-$31,905

Down $79,089 (-168%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2011: $32,814Liabilities 2011: $2,849Net Assets 2011: $29,9652011Assets 2012: $26,563Liabilities 2012: $2,781Net Assets 2012: $23,7822012Assets 2013: $41,744Liabilities 2013: $3,036Net Assets 2013: $38,7082013Assets 2014: $34,476Liabilities 2014: $14,616Net Assets 2014: $19,8602014Assets 2015: $96,832Liabilities 2015: $25,254Net Assets 2015: $71,5782015Assets 2016: $91,687Liabilities 2016: $2,900Net Assets 2016: $88,7872016Assets 2017: $72,807Liabilities 2017: $10,035Net Assets 2017: $62,7722017Assets 2018: $69,917Liabilities 2018: $13,350Net Assets 2018: $56,5672018Assets 2019: $20,659Liabilities 2019: $22,281Net Assets 2019: -$1,6222019Assets 2020: $38,713Liabilities 2020: $18,277Net Assets 2020: $20,4362020Assets 2021: $32,203Liabilities 2021: $11,901Net Assets 2021: $20,3022021Assets 2022: $12,428Liabilities 2022: $38,432Net Assets 2022: -$26,0042022Assets 2023: $39,520Liabilities 2023: $18,340Net Assets 2023: $21,1802023Assets 2024: $27,825Liabilities 2024: $38,550Net Assets 2024: -$10,7252024

Highlighted filing

2024

Assets$27,825
Liabilities$38,550
Net Assets-$10,725

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $245,2912011Expenses 2012: $218,4082012Revenue 2013: $266,183Expenses 2013: $251,257Net Income 2013: $14,9262013Revenue 2014: $221,078Expenses 2014: $239,926Net Income 2014: -$18,8482014Revenue 2015: $278,586Expenses 2015: $226,868Net Income 2015: $51,7182015Revenue 2016: $255,388Expenses 2016: $238,179Net Income 2016: $17,2092016Revenue 2017: $253,043Expenses 2017: $279,058Net Income 2017: -$26,0152017Revenue 2018: $285,447Expenses 2018: $291,652Net Income 2018: -$6,2052018Revenue 2019: $269,666Expenses 2019: $327,855Net Income 2019: -$58,1892019Revenue 2020: $269,937Expenses 2020: $247,879Net Income 2020: $22,0582020Revenue 2021: $299,466Expenses 2021: $299,600Net Income 2021: -$1342021Revenue 2022: $313,610Expenses 2022: $359,916Net Income 2022: -$46,3062022Revenue 2023: $381,819Expenses 2023: $334,635Net Income 2023: $47,1842023Revenue 2024: $355,223Expenses 2024: $387,128Net Income 2024: -$31,9052024

Highlighted filing

2024

Revenue$355,223
Expenses$387,128
Net Income-$31,905

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.39$0.11$3.55$3.87$0.32
2023Detailed filing. Detailed filing data is available for this year.$0.40$0.18$0.21$3.82$3.35$0.47
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.38$0.26$3.14$3.60$0.46
2021Detailed filing. Detailed filing data is available for this year.$0.32$0.12$0.20$2.99$3.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.18$0.20$2.70$2.48$0.22
2019Detailed filing. Detailed filing data is available for this year.$0.21$0.22$0.02$2.70$3.28$0.58
2018Detailed filing. Detailed filing data is available for this year.$0.70$0.13$0.57$2.85$2.92$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.73$0.10$0.63$2.53$2.79$0.26
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.03$0.89$2.55$2.38$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.25$0.72$2.79$2.27$0.52
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.15$0.20$2.21$2.40$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.03$0.39$2.66$2.51$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.03$0.24$2.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.03$0.30$2.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.0
Gross Receipts
$366,860
Mission and Program Overview

Mission

Promote the economic well being of regional businesses and represent the business community in economic, political, civic, educational, and cultural development of the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$35,999$16,385▼ $19,614
Land, Buildings, and Equipment, Net$3,321$11,240▲ $7,919
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$39,520$27,825▼ $11,695
Liabilities
Deferred Revenue$16,000$35,300▲ $19,300
Other Liabilities$2,340$3,250▲ $910
Total Liabilities$18,340$38,550▲ $20,210
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,180$-10,725▼ $31,905
Total Net Assets Fund Balance$21,180$-10,725▼ $31,905
Total Liabilities and Net Assets / Fund Balance$39,520$27,825▼ $11,695

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,752$79,952$83,704
Leasehold Improvements$7,488$53,834$61,322
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Latasha CookPresidentFT$66,200$66,200

Board Members and Trustees

NameTitle
Keith PenningtonChair Elect
Cynthia AnthonyChairwoman
Mitch AveryPast Chairma
Anthony PippenBoard Member
Bryonda CollinsBoard Member
Carlton JacksonBoard Member
Charles KingBoard Member
Chris HillBoard Member
Claire MitchellBoard Member
Connie FuellBoard Member
Dr Dana ArreolaBoard Member
Erick KennedyBoard Member
Lashaunda BlairBoard Member
Mark BrownBoard Member
Mark PettwayBoard Member
Michael TalericoBoard Member
Noah RockerBoard Member
Omar ChapmanBoard Member
Reggie MaysBoard Member
Shane MorrisBoard Member
Nicole NewellFinance Chai
Micah AndrewsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$52,555
Investment Income
$12
Other Revenue
$302,656
Change in Net Assets
$-31,905
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$249,687
Salaries, Compensation, and Employee Benefits$137,441
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$127,610
All Other Expenses---$83,175
Advertising---$31,289
Insurance---$27,171
Office Expenses---$18,792
Payroll Taxes---$9,831
Other Expenses---$9,467
Occupancy---$7,355
Conferences and Meetings---$6,587
Fees for Services Accounting---$4,725
Depreciation Depletion---$1,976
Total Functional Expenses$0$0$0$387,128
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,615
Fundraising Direct Expenses$11,637
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
Payroll Taxes$3,150
Ora Foster Fund$100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
No
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 6

YES

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

YES

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

The officers of the board of directors review the form 990. This fact is reported to the board of directors who are told that copies are available upon their request. The returns are then filed.

Form 990, Page 6, Part VI, Line 12C

All board members and president complete a document which request them to disclose interests that could give rise to a conflict of interest. As the chamber operates during the year any conflicts that arise are scrutinized by the board to help insure arms length transactions result.

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

The bessemer chamber has a personnel committee who obtains comparable salaries from national and state organizations to help evaluate salary amounts for the president. Any salary adjustments are presented to the board for approval.

Form 990, Page 6, Part VI, Line 19

All documents are available to members upon request

Filing and Contact Details

Filer

Filer Name
Bessemer Chamber of Commerce
EIN
63-0020120
Phone
2054253253
Address
321 NORTH 18TH STREET, BESSEMER, AL 35020

Signing Officer

Name
Latasha Cook
Title
President
Phone
2054253253
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Latasha Cook
Formed
1922
Legal Domicile
Al
Voting Board Members
22
Independent Board Members
22
Employees
3
Volunteers
25

Preparer

Firm
Russell & Company LLC
Address
1713 3RD AVENUE NORTH, BESSEMER, AL 35020
Preparer
William W Russell CPA
Phone
2054289064
Supplemental Narrative

Additional Explanations

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

Business development division: to promote and support business development through facilitation, coordination, and expansion of resources serving existing and prospective businesses. Governmental affairs committee - to set the political agenda for the chamber and to address all issues in the political arena facing local business and the chamber. Contractors/developers committee - to represent the interests of contractors (general and sub), developers, and realtors in the chambers regional area with local, county, state and federal building policies, legislation, ordinances and codes. Small business committee - to represent the interests of small businesses and provide them with resources that help them be successful. Community building division - to build a stronger, more unified community through continued program development, promotion planning and networking of area organizations. Membership division - to effectively serve the membership of the chamber and create programs, activities, and events which will be beneficial to each member. Healthcare committee - to meet the business needs of the healthcare community in the western jefferson county region and to address all business related issues facing healthcare professionals and the chamber. Legal committee - to meet the business needs of the legal community in the western jefferson county region and to address all business related issues in the business arena facing local legal professionals and the chamber. By-laws committee - to annually review and make recommendations on changes, corrections, or additions to the board approved by-laws, employee manual, and policy/procedures manual fo the bessemer area chamber of commerce. Finance and operations audit committee - to conduct an annual review of the chamber's finances and internal business procedures. Golf tournament committee - to organize, promote and supervise a successful and profitable annual membership golf tournament for the benefit of the chamber and its members. Hospitality and tourism division - to promote bessemer area attractions to visitors as well as local residents as a place to visit and enjoy.

Form 990, Part IX, Line 24E

Meeting expense 0 9,252 0 business awards 0 8,067 0 marvel city family funfes 0 7,939 0 july 4th celebration 0 7,838 0 equipment lease 0 6,375 0 auto expense 0 6,267 0 board expense/luncheons 0 5,844 0 taste of bessemer 0 5,844 0 christmas parade 0 5,694 0 dues 0 5,185 0 telephone 0 5,116 0 flowers/gifts 0 3,314 0 service charges 0 2,183 0 ambassadors 0 1,989 0 miscellaneous 0 1,198 0 meals & entertainment 0 1,020 0 photography 0 50 0 total 0 83,175 0

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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt4FINANCE CHAI
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
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IRS990/MissionDesc0PROMOTE THE ECONOMIC WELL BEING OF REGIONAL BUSINESSES AND REPRESENT THE BUSINESS COMMUNITY IN ECONOMIC, POLITICAL, CIVIC, EDUCATIONAL, AND CULTURAL DEVELOPMENT OF THE REGION.
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IRS990/OtherExpensesGrp/Desc2MAGAZINE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUSINESS DEVELOPMENT DIVISION: TO PROMOTE AND SUPPORT BUSINESS DEVELOPMENT THROUGH FACILITATION, COORDINATION, AND EXPANSION OF RESOURCES SERVING EXISTING AND PROSPECTIVE BUSINESSES. GOVERNMENTAL AFFAIRS COMMITTEE - TO SET THE POLITICAL AGENDA FOR THE CHAMBER AND TO ADDRESS ALL ISSUES IN THE POLITICAL ARENA FACING LOCAL BUSINESS AND THE CHAMBER. CONTRACTORS/DEVELOPERS COMMITTEE - TO REPRESENT THE INTERESTS OF CONTRACTORS (GENERAL AND SUB), DEVELOPERS, AND REALTORS IN THE CHAMBERS REGIONAL AREA WITH LOCAL, COUNTY, STATE AND FEDERAL BUILDING POLICIES, LEGISLATION, ORDINANCES AND CODES. SMALL BUSINESS COMMITTEE - TO REPRESENT THE INTERESTS OF SMALL BUSINESSES AND PROVIDE THEM WITH RESOURCES THAT HELP THEM BE SUCCESSFUL. COMMUNITY BUILDING DIVISION - TO BUILD A STRONGER, MORE UNIFIED COMMUNITY THROUGH CONTINUED PROGRAM DEVELOPMENT, PROMOTION PLANNING AND NETWORKING OF AREA ORGANIZATIONS. MEMBERSHIP DIVISION - TO EFFECTIVELY SERVE THE MEMBERSHIP OF THE CHAMBER AND CREATE PROGRAMS, ACTIVITIES, AND EVENTS WHICH WILL BE BENEFICIAL TO EACH MEMBER. HEALTHCARE COMMITTEE - TO MEET THE BUSINESS NEEDS OF THE HEALTHCARE COMMUNITY IN THE WESTERN JEFFERSON COUNTY REGION AND TO ADDRESS ALL BUSINESS RELATED ISSUES FACING HEALTHCARE PROFESSIONALS AND THE CHAMBER. LEGAL COMMITTEE - TO MEET THE BUSINESS NEEDS OF THE LEGAL COMMUNITY IN THE WESTERN JEFFERSON COUNTY REGION AND TO ADDRESS ALL BUSINESS RELATED ISSUES IN THE BUSINESS ARENA FACING LOCAL LEGAL PROFESSIONALS AND THE CHAMBER. BY-LAWS COMMITTEE - TO ANNUALLY REVIEW AND MAKE RECOMMENDATIONS ON CHANGES, CORRECTIONS, OR ADDITIONS TO THE BOARD APPROVED BY-LAWS, EMPLOYEE MANUAL, AND POLICY/PROCEDURES MANUAL FO THE BESSEMER AREA CHAMBER OF COMMERCE. FINANCE AND OPERATIONS AUDIT COMMITTEE - TO CONDUCT AN ANNUAL REVIEW OF THE CHAMBER'S FINANCES AND INTERNAL BUSINESS PROCEDURES. GOLF TOURNAMENT COMMITTEE - TO ORGANIZE, PROMOTE AND SUPERVISE A SUCCESSFUL AND PROFITABLE ANNUAL MEMBERSHIP GOLF TOURNAMENT FOR THE BENEFIT OF THE CHAMBER AND ITS MEMBERS. HOSPITALITY AND TOURISM DIVISION - TO PROMOTE BESSEMER AREA ATTRACTIONS TO VISITORS AS WELL AS LOCAL RESIDENTS AS A PLACE TO VISIT AND ENJOY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OFFICERS OF THE BOARD OF DIRECTORS REVIEW THE FORM 990. THIS FACT IS REPORTED TO THE BOARD OF DIRECTORS WHO ARE TOLD THAT COPIES ARE AVAILABLE UPON THEIR REQUEST. THE RETURNS ARE THEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL BOARD MEMBERS AND PRESIDENT COMPLETE A DOCUMENT WHICH REQUEST THEM TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. AS THE CHAMBER OPERATES DURING THE YEAR ANY CONFLICTS THAT ARISE ARE SCRUTINIZED BY THE BOARD TO HELP INSURE ARMS LENGTH TRANSACTIONS RESULT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BESSEMER CHAMBER HAS A PERSONNEL COMMITTEE WHO OBTAINS COMPARABLE SALARIES FROM NATIONAL AND STATE ORGANIZATIONS TO HELP EVALUATE SALARY AMOUNTS FOR THE PRESIDENT. ANY SALARY ADJUSTMENTS ARE PRESENTED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEETING EXPENSE 0 9,252 0 BUSINESS AWARDS 0 8,067 0 MARVEL CITY FAMILY FUNFES 0 7,939 0 JULY 4TH CELEBRATION 0 7,838 0 EQUIPMENT LEASE 0 6,375 0 AUTO EXPENSE 0 6,267 0 BOARD EXPENSE/LUNCHEONS 0 5,844 0 TASTE OF BESSEMER 0 5,844 0 CHRISTMAS PARADE 0 5,694 0 DUES 0 5,185 0 TELEPHONE 0 5,116 0 FLOWERS/GIFTS 0 3,314 0 SERVICE CHARGES 0 2,183 0 AMBASSADORS 0 1,989 0 MISCELLANEOUS 0 1,198 0 MEALS & ENTERTAINMENT 0 1,020 0 PHOTOGRAPHY 0 50 0 TOTAL 0 83,175 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
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