Greenwood Leflore County Chamber of Commerce INC

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The Greenwood-Leflore County Chamber of Commerce is made up of involved members who are committed to improving our community, attracting businesses, having fun, and providing benefits to ourselves and our community. We are supportive of endeavors to improve the quality of life, fair business, educational needs, quality service, recognition of achievement, and to these ends, we are self-targeted, provide a team spirit follow-up of which every Chamber member feels a part. As business leaders, our Chamber promotes financial soundness within, and without our organization. Our success is dependent upon self-directed programming that is creative and progressive - serving business and the community

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 1,500 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $7K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$570K
+11% vs prior year
Spent
$550K
Net assets
$462K
By yearFY2020–FY2025
Revenue
$570K
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$396K
FY2021$439K
FY2022$481K
FY2023$521K
FY2024$514K
FY2025$570K
Expenses
$550K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$422K
FY2021$443K
FY2022$469K
FY2023$496K
FY2024$501K
FY2025$550K
Net assets
$462K
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$321K
FY2021$391K
FY2022$402K
FY2023$427K
FY2024$439K
FY2025$462K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Past Preside
$0Pt VII · Sec A
President-El
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Greenwood Leflore County Chamber of Commerce INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes business growth and community improvement through member collaboration and support.

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1 program · in their own filed words · FY2025
01

The promotion of trade agriculture, manufacturing, and other businesses in leflore county.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$570K
Ln 12
Fees for servicesLn 2g$566K
Investment incomeLn 3$4K
Money outPt IX
$550K
Ln 25
Owns and owesPt X
$462K
net assets · Ln 32
Cash and savingsLn 1–2$356K
Total assetsLn 16$473K
LiabilitiesLn 26$11K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$566K
Investment incomeLn 3$4K
Total revenueLn 12$570K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$344K
Cash and savings togetherLn 1–2$356K
InvestmentsLn 11–13$14K
Land, buildings, equipmentLn 10c$103K
Total assetsLn 16$473K
LiabilitiesLn 26$11K
Net assetsLn 32$462K
OperationsPt I, VI
EmployeesI 54
VolunteersI 61,500
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$315K$356K
InvestmentsLn 11–13$14K$14K
Land, buildings, equipmentLn 10c$112K$103K
Total assetsLn 16$441K$473K
LiabilitiesLn 26$2K$11K
Net assetsLn 32$439K$462K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$184K
Pension plan contributionsLn 8$2K
Payroll taxesLn 10$14K
Accounting feesLn 11c$8K
Other fees for servicesLn 11g$6K
Advertising and promotionLn 12$5K
Office expensesLn 13$47K
OccupancyLn 16$23K
TravelLn 17$13K
Depreciation, depletion and amortizationLn 22$21K
InsuranceLn 23$13K
Other expenses (24a–d)Ln 24$212K
Total functional expensesLn 25$550K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $570K$550K$20K$462K 990 PDF
FY2024 $514K$501K$13K$439K 990 PDF
FY2023 $521K$496K$25K$427K 990 PDF
FY2022 $481K$469K$11K$402K 990 PDF
FY2021 $439K$443K−$4K$391K 990 PDF
FY2020 $396K$422K−$26K$321K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $570,204 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $509,331$566,137
I-10 Investment incomePrior year $4,570$4,067
I-11 Other revenue$0
I-12 Total revenuePrior year $513,901$570,204
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $193,668$200,362
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $307,175$349,611
I-18 Total expensesPrior year $500,843$549,973
I-19 Revenue less expensesPrior year $13,058$20,231
Part VI · Governance 24 of 24 board members independent, 1 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $570,204 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $566,137$566,137
VIII-3 Investment incomeRelated to mission $4,067$4,067
VIII-12 Total revenueRelated to mission $570,204$570,204
Part IX · Statement of functional expenses $549,973 across 12 lines filed
IX-7 Other salaries and wages$183,774
IX-8 Pension plan contributions$2,280
IX-10 Payroll taxes$14,308
IX-11c Accounting fees$8,486
IX-11g Other fees for services$6,000
IX-12 Advertising and promotion$5,205
IX-13 Office expenses$47,300
IX-16 Occupancy$22,702
IX-17 Travel$13,450
IX-22 Depreciation, depletion and amortization$20,965
IX-23 Insurance$13,349
IX-24 Other expenses (24a–d)$212,154
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$549,973
Part X · Balance sheet $473,144 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $7,457$11,742
X-2 Savings and temporary cash investmentsStart of year $307,905$344,344
X-10c Land, buildings and equipment, netStart of year $111,585$102,711
X-11 Publicly traded securitiesStart of year $14,347$14,347
X-16 Total assetsStart of year $441,294$473,144
X-17 Accounts payable and accrued expensesStart of year $2,228$4,517
X-19 Deferred revenue$6,284
X-26 Total liabilitiesStart of year $2,228$10,801
X-27 Net assets without donor restrictionsStart of year $439,066$462,343
X-32 Total net assets or fund balancesStart of year $439,066$462,343
X-33 Total liabilities and net assetsStart of year $441,294$473,144
Part XI · Reconciliation of net assets $462,343 net assets at year end
XI-1 Total revenue$570,204
XI-2 Total expenses$549,973
XI-3 Revenue less expenses$20,231
XI-4 Net assets at start of year$439,066
XI-9 Other changes in net assets$3,046
XI-10 Net assets at end of year$462,343

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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