Edenton Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 560660151
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025
- Location
- Edenton, NC, USA
- Phone
- 2524823400
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $177,598
- Expenses
- $158,000
- Assets
- $121,697
- Liabilities
- $2,519
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- BONNIE BOND (PRESIDENT-EL)
- RON CAUSEY (PRESIDENT)
People named in this filing
- ELIZABETH HUGHES (EX-OFFICIO M)
- BONNIE BOND (PRESIDENT-EL)
- BRIAN WHITE (EXTERNAL V P)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the quality of life through the preservation of the competitive enterprise system of business, and the promotion of business and community growth and development
What it reported doing in 2025
Promote and enhance the business climate of the community for new start up businesses and existing businesses by organizing developing and participating in events and activities and act as the business voice for chowan county.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 82
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.1%; rating input score 89
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 11%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 2.3% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 50th percentile among comparable filings
Details
- Where the money goes: 89.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $158K in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 1 filed schedules
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 57/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.