Lamoille Region Chamber Of Commerce Corp is located in Morrisville, VT. The organization was established in 1993. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lamoille Region Chamber Of Commerce Corp 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 12/2021, Lamoille Region Chamber Of Commerce Corp generated $45.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $50.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTING LAMOILLE VALLEY AND ITS BUSINESSES THROUGH AN INFORMATION BOOTH, BROCHURES, TRADE SHOWS, AND CO-SPONSORED BUSINESS AFTER HOUR MIXERS WITH LOCAL BUSINESSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Josh Smith Treasurer | 1 | $0 | |
David Mcallister President | 1 | $0 | |
Deb Lindemer Secretary | 1 | $0 | |
Ellen Hill Director | 1 | $0 | |
Amy Olsen Director | 1 | $0 | |
Rich Jacobs Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $22,943 |
Membership dues | $23,242 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | -$681 |
Other Revenue | $0 |
Total Revenue | $45,504 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $31,812 |
Professional fees and other payments to independent contractors | $7,801 |
Occupancy, rent, utilities, and maintenance | $850 |
Printing, publications, postage, and shipping | $140 |
Other expenses | $10,116 |
Total expenses | $50,719 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $0 |
Other assets | $0 |
Total assets | $0 |
Total liabilities | $0 |
Net assets or fund balances | $0 |