JONESBORO REGIONAL CHAMBER OF COMMERCE

EIN: 710097645

JONESBORO, AR

Total Revenue
$1,293,424
Total Expenses
$1,239,941
Total Assets
$1,280,291
Net Assets
$813,619
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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
AR
Principal Officer
MARK YOUNG
Phone
8709326691
Tax Period
2023-10-01 to 2024-09-30

JONESBORO REGIONAL CHAMBER OF COMMERCE, founded in 1945, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 4% surplus.

Mission

TO ENHANCE THE COMMUNITY THROUGH COMMUNITY DEVELOPMENT, ECONOMIC DEVELOPMENT, LEADERSHIP DEVELOPMENT, INDUSTRIAL DEVELOPMENT, AND MEMBERSHIP DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $273,986 Revenue: $0

THE INDUSTRIAL DEVELOPMENT EFFORTS OF THE JONESBORO REGIONAL CHAMBER OF COMMERCE IMPROVES THE QUALITY OF LIFE FOR THE COMMUNITY BY PROVIDING JOB OPPORTUNITIES TO ALL CITIZENS. THE SERVICES ARE...

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THE INDUSTRIAL DEVELOPMENT EFFORTS OF THE JONESBORO REGIONAL CHAMBER OF COMMERCE IMPROVES THE QUALITY OF LIFE FOR THE COMMUNITY BY PROVIDING JOB OPPORTUNITIES TO ALL CITIZENS. THE SERVICES ARE FOCUSED IN THE RECRUITMENT OF INDUSTRIAL JOBS, WORKING WITH EXISTING INDUSTRIES TO ASSIST THEM IN EXPANSION EFFORTS AS WELL AS THE RETENTION OF JOBS AND TO PLAN AND MANAGE INDUSTRIAL ASSETS (INDUSTRIAL PARKS) TO ENSURE FUTURE GROWTH.

Program 2
Expenses: $302,164 Revenue: $125,375

THE JONESBORO REGIONAL CHAMBER ALSO PROMOTES ECONOMIC DEVELOPMENT THROUGH THE GROWTH OF THE AGRICULTURAL, RETAIL AND SERVICE SECTORS AND CREATING AN ENVIRONMENT IN THE COMMUNITY IN WHICH BUSINESS CAN...

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THE JONESBORO REGIONAL CHAMBER ALSO PROMOTES ECONOMIC DEVELOPMENT THROUGH THE GROWTH OF THE AGRICULTURAL, RETAIL AND SERVICE SECTORS AND CREATING AN ENVIRONMENT IN THE COMMUNITY IN WHICH BUSINESS CAN THRIVE. SERVICES INCLUDE BUSINESS ADVOCACY ON BEHALF OF THE MEMBERS, WORKFORCE DEVELOPMENT PROGRAMS TO ENSURE THERE IS A QUALIFIED WELL TRAINED WORKFORCE AND THE STATES LARGEST BUSINESS EXPO THAT PROVIDES AN OPPORTUNITY FOR BUSINESSES TO PROMOTE THEIR PRODUCTS AND SERVICES TO THE GENERAL PUBLIC.

Program 3
Expenses: $133,992 Revenue: $0

MEMBERSHIP DEVELOPMENT IS A KEY PART OF THE SERVICES PROVIDED TO THE MEMBERS. THE JONESBORO REGIONAL CHAMBER OF COMMERCE HAS A LARGE AND ACTIVE MEMBERSHIP AND CONTINUES TO HAVE A VERY HIGH MEMBERSHIP...

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MEMBERSHIP DEVELOPMENT IS A KEY PART OF THE SERVICES PROVIDED TO THE MEMBERS. THE JONESBORO REGIONAL CHAMBER OF COMMERCE HAS A LARGE AND ACTIVE MEMBERSHIP AND CONTINUES TO HAVE A VERY HIGH MEMBERSHIP RETENTION RATE. MEMBERSHIP DEVELOPMENT INCLUDES NUMEROUS NETWORKING PROGRAMS THAT GIVE MEMBERS AN OPPORTUNITY TO PROMOTE THEIR BUSINESS TO OTHER MEMBERS AND NON-MEMBERS. IN ADDITION SEVERAL PROGRAMS ARE DESIGNED TO PROVIDE TRAINING AND EDUCATIONAL SERVICES TO THE MEMBERS THAT WILL RESULT IN IMPROVED BUSINESS SUCCESS, THUS IMPROVING THE ECONOMY AND QUALITY OF LIFE OF THE REGION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $857,957
Program Service Revenue $399,748
Investment Income $30,013
Other Revenue $5,706
TOTAL REVENUE $1,293,424

Expense Breakdown

Grants Paid $0
Salaries & Benefits $754,374
Fundraising Expenses $0
Program Expenses $860,043
Other Expenses $485,567
TOTAL EXPENSES $1,239,941

Year-over-Year Comparison

2023 2022 Change
Revenue $1,293,424 $1,307,423 0.0%
Expenses $1,239,941 $1,253,224 0.0%
Net Income $53,483 $54,199 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
31
Independent Members
31
Employees
7
Volunteers
1100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$185,570
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR KAREN MCDANIEL CHAIR 1.00
Officer Director
$0 $0 $0
DAVID PEACOCK VICE CHAIR 1.00
Officer Director
$0 $0 $0
CASEY PEARCE TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN LAWRENCE IPC 1.00
Officer Director
$0 $0 $0
KEITH CRAGG DIRECTOR 1.00
Director
$0 $0 $0
SAM LYND DIRECTOR 1.00
Director
$0 $0 $0
SARAH MCDANIEL DIRECTOR 1.00
Director
$0 $0 $0
TONY SUPINE DIRECTOR 1.00
Director
$0 $0 $0
VINCENT TURNER DIRECTOR 1.00
Director
$0 $0 $0
DEANIA VANHOOZER DIRECTOR 1.00
Director
$0 $0 $0
ED WARE DIRECTOR 1.00
Director
$0 $0 $0
HATTON WEEKS DIRECTOR 1.00
Director
$0 $0 $0
LINDSEY BOWMAN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER HANNAH DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY HIGGINS DIRECTOR 1.00
Director
$0 $0 $0
MARK MCHALE DIRECTOR 1.00
Director
$0 $0 $0
RYAN MOORE DIRECTOR 1.00
Director
$0 $0 $0
BILL SHANNON DIRECTOR 1.00
Director
$0 $0 $0
DR TODD SHIELDS DIRECTOR 1.00
Director
$0 $0 $0
ANGELA SPARKS DIRECTOR 1.00
Director
$0 $0 $0
HEATHER COATS DIRECTOR 1.00
Director
$0 $0 $0
TED HERGET DIRECTOR 1.00
Director
$0 $0 $0
SCOTT MCDANIEL DIRECTOR 1.00
Director
$0 $0 $0
SLADE MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
RAY OSMENT DIRECTOR 1.00
Director
$0 $0 $0
KATIE PRESCOTT DIRECTOR 1.00
Director
$0 $0 $0
ATIN SURI DIRECTOR 1.00
Director
$0 $0 $0
JIM WASHAM DIRECTOR 1.00
Director
$0 $0 $0
CHRIS BARBER DIRECTOR 1.00
Director
$0 $0 $0
DR LEN FREY DIRECTOR 1.00
Director
$0 $0 $0
MICHEAL SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
MARK YOUNG PRESIDENT 40.00
Officer
$176,305 $9,265 $185,570
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,293,424 $1,239,941 $1,280,291 $53,483
2023 $1,307,423 $1,253,224 $1,287,214 $54,199
2022 $1,169,797 $1,149,204 $1,226,000 $20,593
2021 $1,208,402 $1,078,595 $1,079,897 $129,807
2020 $1,132,297 $1,084,283 $964,901 $48,014
2019 $1,219,020 $1,071,927 $910,440 $147,093
2018 $1,216,850 $1,177,512 $803,945 $39,338
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