TY 2011 Form 990EZ

Form990-EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code
(except black lung benefit trust or private foundation)

Sponsoring organizations of donor advised funds, organizations that operate one or more hospital facilities, and certain controlling organizations as defined in section 512(b)(13) must file Form 990 (see instructions).
All other organizations with gross receipts less than $200,000 and total assets less than $500,000 at the end of the year may use this form.

The organization may have to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-1150

2011

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Terminated

Amended return

Application pending

C Name of organization
Clay County Chamber of Commerce

Number and street (or P. O. box, if mail is not delivered to street address)388 Hwy 64 Business
Room/suite

City or town, state or country, and ZIP + 4 Hayesville, NC28904

D Employer identification number

56-1619976

E Telephone number

F Group Exemption
Number. . bullet

K Check

if the organization is not a section 509(a)(3) supporting organization or a section 527 organization and its gross receipts are normally not more than $50,000. A Form 990-EZ or Form 990 return is not required though Form 990-N (e-postcard) may be required (see instructions). But if the organization chooses to file a return, be sure to file a complete return.

Part IRevenue, Expenses, and Changes in Net Assets or Fund Balances (see the instructions for Part I.)Check if the organization used Schedule O to respond to any question in this Part I...........
	1	Contributions, gifts, grants, and similar amounts received...............	1	8,529
2	Program service revenue including government fees and contracts ............	2	13,250
3	Membership dues and assessments......................	3	36,145
4	Investment income...........................	4
5a	Gross amount from sale of assets other than inventory........	5a
b	Less: cost or other basis and sales expenses...........	5b
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000) .	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the
	sum of such gross income and contributions exceeds $15,000)	6b	37,900
c	Less: direct expenses from gaming and fundraising events.......	6c	24,761
d	Net income or (loss) from gaming and fundraising events (Add lines 6a and 6b and subtract line 6c)	6d	13,139
7a	Gross sales of inventory, less returns and allowances........	7a
b	Less: cost of goods sold.................	7b
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) .....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8.................	9	71,063
	10	Grants and similar amounts paid (list in Schedule O) .................	10
11	Benefits paid to or for members........................	11
12	Salaries, other compensation, and employee benefits................	12	27,937
13	Professional fees and other payments to independent contractors............	13	1,896
14	Occupancy, rent, utilities, and maintenance...................	14	6,291
15	Printing, publications, postage, and shipping...................	15	2,186
16	Other expenses (describe in Schedule O) ....................	16	20,419
17	Total expenses. Add lines 10 through 16 ....................	17	58,729
	18	Excess or (deficit) for the year (Subtract line 17 from line 9)............	18	12,334
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return)................	19	94,810
20	Other changes in net assets or fund balances (explain in Schedule O) ..........	20	128
21	Net assets or fund balances at end of year. Combine lines 18 through 20.........	21	107,272

Part IRevenue, Expenses, and Changes in Net Assets or Fund Balances (see the instructions for Part I.)Check if the organization used Schedule O to respond to any question in this Part I...........

Contributions, gifts, grants, and similar amounts received...............

8,529

Program service revenue including government fees and contracts ............

13,250

Membership dues and assessments......................

36,145

Investment income...........................

Gross amount from sale of assets other than inventory........

Less: cost or other basis and sales expenses...........

Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......

Gaming and fundraising events

Gross income from gaming (attach Schedule G if greater than $15,000) .

Gross income from fundraising events (not including $ of contributions
from fundraising events reported on line 1) (attach Schedule G if the

sum of such gross income and contributions exceeds $15,000)

37,900

Less: direct expenses from gaming and fundraising events.......

24,761

Net income or (loss) from gaming and fundraising events (Add lines 6a and 6b and subtract line 6c)

13,139

Gross sales of inventory, less returns and allowances........

Less: cost of goods sold.................

Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........

Other revenue (describe in Schedule O) .....................

Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8.................

71,063

Grants and similar amounts paid (list in Schedule O) .................

Benefits paid to or for members........................

Salaries, other compensation, and employee benefits................

27,937

Professional fees and other payments to independent contractors............

1,896

Occupancy, rent, utilities, and maintenance...................

6,291

Printing, publications, postage, and shipping...................

2,186

Other expenses (describe in Schedule O) ....................

20,419

Total expenses. Add lines 10 through 16 ....................

58,729

Excess or (deficit) for the year (Subtract line 17 from line 9)............

12,334

Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with

end-of-year figure reported on prior year’s return)................

94,810

Other changes in net assets or fund balances (explain in Schedule O) ..........

128

Net assets or fund balances at end of year. Combine lines 18 through 20......... Bullet

107,272

Part IIIStatement of Program Service Accomplishments (see the instructions for Part III.) Check if the organization used Schedule O to respond to any question in this Part III .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts; optional for others.)
What is the organization's primary exempt purpose? Promote business travel & tourism
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 Support Community events travel and tourisim in Clay County (Grants $ 6,264) If this amount includes foreign grants, check here ...			28a	24,761
29 Provide information concerning businesses organizations and events in Clay County (Grants $ ) If this amount includes foreign grants, check here ...			29a	10,312
30 Scholarship (Grants $ ) If this amount includes foreign grants, check here ...			30a	500
31 Other program services (describe in Schedule O) .................. (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..............	32	35,573

(a) Name and title	(b) Average hours per week devoted to position	(c)Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(e) Estimated amount of other compensation
Mary Wiegold 3289 Hwy 69 South Suite 102 Hayesville,NC28904	Treasurer15	0	0
Dwayne Long 65 Wisteria Ct Young Harris,GA30582	Past President10	0	0
Cathy Jones PO Box 34 Hayesville,NC28904	Director5	0	0
Kerry Bowler 369 Poplat Cove Hayesville,NC28904	Director5	0	0
Doug Taylor 504 Scenic Dr Hayesville,NC28904	Vice President20	0	0
Liz Blaeuer 917 Bristol Rd Hayesville,NC28904	Director5	0	0
Blake Phillips 64 Moore View Rd Hayesville,NC28904	Director5	0	0
Linda Bowar 1920 NC 69 Hayesville,NC28904	Alternate5	0	0
C Harold Wade 807 Lunsford Rd Hayesville,NC28904	Director5	0	0
Cayce Price 96 Fort Hembree St Hayesville,NC28904	Director5	0	0
Kay Worden 206 Orchard Lane Hayesville,NC28904	Secretary5	0	0
Carmen Lance PO Box 1188 Hayesville,NC28904	President5	0	0
Pat Margo PO Box 1098 Hayesville,NC28904	Board Member5	0	0
Roberta Stetson 50 church St Hayesville,NC28904	Board Member5	0
Sherry Rodriques 388 Hwy 64 Business Hayesville,NC28904	Board Member5	0
Dustin Arseniu 230 Hwy 64 E Hayesville,NC28904	Board Member5	0
Carie Free PO Box 1309 Hayesville,NC28904	Board Member5	0
Pam Roman 255 Ash Branch Circle Hayesville,NC28904	Director40	13,988

Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in any section 4958 excess benefittransaction during the year or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I. ......

40b

Part VI

Section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts only. All section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts must answer questions 47-49b and 52. Check if the organization used Schedule O to respond to any question in this Part VI ...........

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ....

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee paid more than $100,000	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation

Total number of other employees paid over $100,000 ................. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and address of each independent contractor paid more than $100,000	(b) Type of service	(c) Compensation

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

(i) Name and address of individual or entity (fundraiser)	(ii) Activity	(iii) Did fundraiser have custody or control of contributions?	(iv) Gross receipts from activity	(v) Amount paid to (or retained by) fundraiser listed in col. (i)	(vi) Amount paid to (or retained by) organization
Total .................

Identifier	Return Reference	Explanation
01. Description of other expenses (Part I, line 16)		Description Amount Membership Dues 124 Advertising 4392 Program Services Expense 10312 Bank Service Charges 299 Insurance 2450 Office Expense 1293 Supplies 767 Interest Expense 79 Scholarship 500 Awards and Travel 203
02. Other changes in net assets or fund balances (Part I, line 20)		Description Amount QuickBooks Cash Accrual Adj 128
03. Description of other assets (Part II, line 24)		Beginning Category of Year End of Year Equipment 0 20
04. Description of total liabilities (Part II, line 26)		Beginning Category of Year End of Year Payroll Taxes Payable 789 991 UCB Credit Line 1500 0

Identifier

Return Reference

Explanation

01. Description of other expenses (Part I, line 16)

Description Amount Membership Dues 124 Advertising 4392 Program Services Expense 10312 Bank Service Charges 299 Insurance 2450 Office Expense 1293 Supplies 767 Interest Expense 79 Scholarship 500 Awards and Travel 203

02. Other changes in net assets or fund balances (Part I, line 20)

Description Amount QuickBooks Cash Accrual Adj 128

03. Description of other assets (Part II, line 24)

Beginning Category of Year End of Year Equipment 0 20

04. Description of total liabilities (Part II, line 26)

Beginning Category of Year End of Year Payroll Taxes Payable 789 991 UCB Credit Line 1500 0

Sign Here

	Signature of officer	Date

	Type or print name and title

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and e-mail solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

		(a) Event #1 Pumpkin Chun (event type)	(d) Total Events (Add col. (a) through col. (c))
1	Gross receipts . . .	23,754	23,754
2	Less: Charitable contributions . . .
3	Gross income (line 1 minus line 2) . . .	23,754	23,754
4	Cash prizes . . .
5	Non-cash prizes . .
6	Rent/facility costs . .
7	Food and beverages . .
8	Entertainment . . .
9	Other direct expenses .	16,160	16,160
10	Direct expense summary. Add lines 4 through 9 in column (d) ...........		16,160
11	Net income summary. Combine lines 3 and 10 in column (d)............		7,594

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