Liabilities / Assets
72nd percentile
Higher debt load relative to assets than 72% of similar nonprofits.
Chamber of Commerce Sylacauga
EIN 63-0205572 • 501(c)6 • Sylacauga, AL
Profile
To provide leadership and promote the economic advancement, business climate, and quality of life for the city of sylacauga and its citizens. The chamber of commerce exists to give people a strong and effective voice to people working toward common goals.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.07x
Liabilities / Revenue
71st percentile
Higher debt load relative to revenue than 71% of similar nonprofits.
Net Margin
56th percentile
Higher net margin than 56% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 15.8% of source-year revenue.
Asset Growth
65th percentile
Faster asset growth than 65% of similar nonprofits.
Revenue Growth
55th percentile
Faster revenue growth than 55% of similar nonprofits.
Balance Sheet
Assets
Up$237,947
Up $14,321 (+6.4%) from 2023
Liabilities
Down$17,736
Down $1,088 (-5.8%) from 2023
Net Assets
Up$220,211
Up $15,409 (+7.5%) from 2023
Revenue
Up$405,646
Up $8,023 (+2.0%) from 2023
Expenses
Up$390,237
Up $6,030 (+1.6%) from 2023
Net Income
Up$15,409
Up $1,993 (+15%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $237,947
- Liabilities
- $17,736
- Net assets
- $220,211
- Revenue
- $405,646
- Expenses
- $390,237
- Net income
- $15,409
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 14, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $405,646
Mission and Program Overview
Mission
To provide leadership and promote the economic advancement, business climate, and quality of life for the city of sylacauga and its citizens. The chamber of commerce exists to give people a strong and effective voice to people working toward common goals.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $110,475 | $112,627 | ▲ $2,152 |
| Land, Buildings, and Equipment, Net | $103,138 | $88,358 | ▼ $14,780 |
| Savings and Temporary Cash Investments | $10,013 | $36,962 | ▲ $26,949 |
| Total Assets | $223,626 | $237,947 | ▲ $14,321 |
| Liabilities | |||
| Other Liabilities | $5,123 | $9,820 | ▲ $4,697 |
| Accounts Payable and Accrued Expenses | $13,701 | $7,916 | ▼ $5,785 |
| Total Liabilities | $18,824 | $17,736 | ▼ $1,088 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $204,802 | $220,211 | ▲ $15,409 |
| Total Net Assets Fund Balance | $204,802 | $220,211 | ▲ $15,409 |
| Total Liabilities and Net Assets / Fund Balance | $223,626 | $237,947 | ▲ $14,321 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $88,358 | $402,502 | $490,860 |
Compensation and Service Providers
Employees
| Name | Title | Base | Total |
|---|---|---|---|
| Laura Strickland | Executive Di | $64,087 | $64,087 |
Board Members and Trustees
| Name | Title |
|---|---|
| Ryan Coleman | Past Chair |
| Gretta Spencer | President |
| Leah Allen | Director |
| Kimm Wright | VP |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $294,821
- Program Service Revenue
- $109,385
- Investment Income
- $1,440
- Other Revenue
- $0
- All Other Contributions
- $25,098
- Change in Net Assets
- $15,409
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $246,199 |
| Salaries, Compensation, and Employee Benefits | $144,038 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | $129,824 | - | $129,824 |
| Advertising | $102,945 | - | - | $102,945 |
| Office Expenses | $13,447 | $24,389 | - | $37,836 |
| Fees for Services Other | $24,234 | - | - | $24,234 |
| Occupancy | - | $23,455 | - | $23,455 |
| Travel | $15,992 | - | - | $15,992 |
| Depreciation Depletion | $14,780 | - | - | $14,780 |
| Conferences and Meetings | $13,560 | - | - | $13,560 |
| Payroll Taxes | - | $8,894 | - | $8,894 |
| Fees for Services Accounting | - | $6,700 | - | $6,700 |
| Insurance | - | $6,697 | - | $6,697 |
| Other Employee Benefits | - | $5,320 | - | $5,320 |
| Total Functional Expenses | $184,958 | $205,279 | $0 | $390,237 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Ssb Visa 7703 | $9,820 |
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
“Board members are notified and a copy is made available.”
Form 990, Page 6, Part VI, Line 19
“No documents available to the public”
Filing and Contact Details
Filer
- Filer Name
- Chamber of Commerce Sylacauga
- EIN
- 63-0205572
- Phone
- 2052490308
- Address
- PO BOX 185, SYLACAUGA, AL 35150
Signing Officer
- Name
- Laura Strickland
- Title
- Executive Director
- Phone
- 2052490308
- Signed
- 2025-05-14
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Laura Strickland
- Formed
- 1939
- Legal Domicile
- Al
- Voting Board Members
- 16
- Independent Board Members
- 0
- Employees
- 3
Preparer
- Firm
- Small Business Accounting Services
- Address
- 5865 OLD LEEDS RD STE A, BIRMINGHAM, AL 35210
- Preparer
- Steven Lund CPA
- Phone
- 2059561836
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“To provide leadership and promote the economic advancement, business climate, and quality of life for the city of sylacauga and its citizens. The chamber of commerce exists to give people a strong and effective voice to people working toward common goals.”
Form 990, Page 2, Part III, Line 4A
“Advertising and public relations is shown by creating the sylacauga magazine which is the offical magazine of sylacauga and the chamber of commerce. Lunch and learns are also put on the chamber to bring the community together. The chamber also hosts leadership sylacauga, which is a 10 month leadership training program designed to inform, inspire and empower community leaders. The comprehensive classes provide emerging leaders with a broader understanding and heightened awareness of the problems, opportunities, and resources in our area. Ribbon cuttings new businesses, expansions, new locations, and major remodels are welcome to a ribbon cutting hosted by the sylacauga chamber. Professional development various workshops are offered throughout the year focused on pertinent business related topics with a focus on all areas of business growth and productivity including marketing, human resource, financial, and leadership. Sylacauga young professionals syp is an organization for people living and/or working in sylacauga. Syp provides opportunities to get involved, be active, and network.”
Form 990, Page 2, Part III, Line 4D
“Advertising and public relations is shown by creating the sylacauga magazine which is the offical magazine of sylacauga and the chamber of commerce. Lunch and learns are also put on the chamber to bring the community together. The chamber also hosts leadership sylacauga, which is a 10 month leadership training program designed to inform, inspire and empower community leaders. The comprehensive classes provide emerging leaders with a broader understanding and heightened awareness of the problems, opportunities, and resources in our area. Ribbon cuttings new businesses, expansions, new locations, and major remodels are welcome to a ribbon cutting hosted by the sylacauga chamber. Professional development various workshops are offered throughout the year focused on pertinent business related topics with a focus on all areas of business growth and productivity including marketing, human resource, financial, and leadership. Sylacauga young professionals syp is an organization for people living and/or working in sylacauga. Syp provides opportunities to get involved, be active, and network.”
Form 990, Part XI, Line 9
“Change in unrestricted net assets 0”
Raw XML Appendix287 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.
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| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 3 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | false |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
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| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 24234 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
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| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
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| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | TO PROVIDE LEADERSHIP AND PROMOTE THE ECONOMIC ADVANCEMENT, BUSINESS CLIMATE, AND QUALITY OF LIFE FOR THE CITY OF SYLACAUGA AND ITS CITIZENS. THE CHAMBER OF COMMERCE EXISTS TO GIVE PEOPLE A STRONG AND EFFECTIVE VOICE TO PEOPLE WORKING TOWARD COMMON GOALS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ADVERTISING AND PUBLIC RELATIONS IS SHOWN BY CREATING THE SYLACAUGA MAGAZINE WHICH IS THE OFFICAL MAGAZINE OF SYLACAUGA AND THE CHAMBER OF COMMERCE. LUNCH AND LEARNS ARE ALSO PUT ON THE CHAMBER TO BRING THE COMMUNITY TOGETHER. THE CHAMBER ALSO HOSTS LEADERSHIP SYLACAUGA, WHICH IS A 10 MONTH LEADERSHIP TRAINING PROGRAM DESIGNED TO INFORM, INSPIRE AND EMPOWER COMMUNITY LEADERS. THE COMPREHENSIVE CLASSES PROVIDE EMERGING LEADERS WITH A BROADER UNDERSTANDING AND HEIGHTENED AWARENESS OF THE PROBLEMS, OPPORTUNITIES, AND RESOURCES IN OUR AREA. RIBBON CUTTINGS NEW BUSINESSES, EXPANSIONS, NEW LOCATIONS, AND MAJOR REMODELS ARE WELCOME TO A RIBBON CUTTING HOSTED BY THE SYLACAUGA CHAMBER. PROFESSIONAL DEVELOPMENT VARIOUS WORKSHOPS ARE OFFERED THROUGHOUT THE YEAR FOCUSED ON PERTINENT BUSINESS RELATED TOPICS WITH A FOCUS ON ALL AREAS OF BUSINESS GROWTH AND PRODUCTIVITY INCLUDING MARKETING, HUMAN RESOURCE, FINANCIAL, AND LEADERSHIP. SYLACAUGA YOUNG PROFESSIONALS SYP IS AN ORGANIZATION FOR PEOPLE LIVING AND/OR WORKING IN SYLACAUGA. SYP PROVIDES OPPORTUNITIES TO GET INVOLVED, BE ACTIVE, AND NETWORK. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ADVERTISING AND PUBLIC RELATIONS IS SHOWN BY CREATING THE SYLACAUGA MAGAZINE WHICH IS THE OFFICAL MAGAZINE OF SYLACAUGA AND THE CHAMBER OF COMMERCE. LUNCH AND LEARNS ARE ALSO PUT ON THE CHAMBER TO BRING THE COMMUNITY TOGETHER. THE CHAMBER ALSO HOSTS LEADERSHIP SYLACAUGA, WHICH IS A 10 MONTH LEADERSHIP TRAINING PROGRAM DESIGNED TO INFORM, INSPIRE AND EMPOWER COMMUNITY LEADERS. THE COMPREHENSIVE CLASSES PROVIDE EMERGING LEADERS WITH A BROADER UNDERSTANDING AND HEIGHTENED AWARENESS OF THE PROBLEMS, OPPORTUNITIES, AND RESOURCES IN OUR AREA. RIBBON CUTTINGS NEW BUSINESSES, EXPANSIONS, NEW LOCATIONS, AND MAJOR REMODELS ARE WELCOME TO A RIBBON CUTTING HOSTED BY THE SYLACAUGA CHAMBER. PROFESSIONAL DEVELOPMENT VARIOUS WORKSHOPS ARE OFFERED THROUGHOUT THE YEAR FOCUSED ON PERTINENT BUSINESS RELATED TOPICS WITH A FOCUS ON ALL AREAS OF BUSINESS GROWTH AND PRODUCTIVITY INCLUDING MARKETING, HUMAN RESOURCE, FINANCIAL, AND LEADERSHIP. SYLACAUGA YOUNG PROFESSIONALS SYP IS AN ORGANIZATION FOR PEOPLE LIVING AND/OR WORKING IN SYLACAUGA. SYP PROVIDES OPPORTUNITIES TO GET INVOLVED, BE ACTIVE, AND NETWORK. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BOARD MEMBERS ARE NOTIFIED AND A COPY IS MADE AVAILABLE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CHANGE IN UNRESTRICTED NET ASSETS 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XI, LINE 9 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 223626 |
| IRS990/TotalAssetsEOYAmt | 0 | 237947 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 223626 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 237947 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 294821 |
| IRS990/TotalEmployeeCnt | 0 | 3 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 205279 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 184958 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 390237 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 18824 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 17736 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 18824 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 17736 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 204802 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 220211 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 109385 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 64087 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 110825 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 405646 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 223626 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 237947 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 15992 |
| IRS990/TravelGrp/TotalAmt | 0 | 15992 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/USAddress/AddressLine1Txt | 0 | 1972 COOSA COUNTY RD 41 |
| IRS990/USAddress/CityNm | 0 | WEOGUFKA |
| IRS990/USAddress/StateAbbreviationCd | 0 | AL |
| IRS990/USAddress/ZIPCd | 0 | 35183 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 16 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | WWW.SYLACAUGACHAMBER.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LAURA STRICKLAND |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2052490308 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CHAMBER OF COMMERCE SYLACAUGA |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CHAM |
| ReturnHeader/Filer/EIN | 0 | 630205572 |
| ReturnHeader/Filer/PhoneNum | 0 | 2052490308 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 185 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SYLACAUGA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | AL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 35150 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 821943376 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SMALL BUSINESS ACCOUNTING SERVICES |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5865 OLD LEEDS RD STE A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BIRMINGHAM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | AL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 35210 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2059561836 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | STEVEN LUND CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-04T09:11:05-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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