Mad River Valley Chamber Of Commerce Inc
- Assets
- $124.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Waitsfield, VT
- Founding
- 04/1984
- Data as of
- 08/2023
- EIN
- 03-0280431
Organization Overview
Mad River Valley Chamber Of Commerce Inc is located in Waitsfield, VT. The organization was established in 1984. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Mad River Valley Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mad River Valley Chamber Of Commerce Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Mad River Valley Chamber Of Commerce Inc generated $186.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $193.1k during the year ending 08/2023. While expenses have increased by 0.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROMOTED TOURISM IN AREA THROUGH A VISITOR INFORMATION CENTER, ADVERTISING AND SPECIAL EVENTS - NUMBERS VARY EACH YEAR BUT USUALLY IN TENS OF THOUSANDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Nishi Director | 5 | $0 | |
Kim Donohue Director | 5 | $0 | |
Tj Greenwood Director | 5 | $0 | |
Matt Lilliard Director | 5 | $0 | |
Susan Edwards Director | 5 | $0 | |
Diane Forrester Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $350 |
| Total Program Service Revenue | $25,429 |
| Membership dues | $138,193 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $22,080 |
| Total Revenue | $186,052 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $99,325 |
| Professional fees and other payments to independent contractors | $4,791 |
| Occupancy, rent, utilities, and maintenance | $12,441 |
| Printing, publications, postage, and shipping | $768 |
| Other expenses | $75,755 |
| Total expenses | $193,080 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,855 |
| Other assets | $0 |
| Total assets | $124,527 |
| Total liabilities | $9,265 |
| Net assets or fund balances | $115,262 |