Potsdam Chamber Of Commerce
- Assets
- $167.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Potsdam, NY
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 16-1145247
Organization Overview
Potsdam Chamber Of Commerce is located in Potsdam, NY. The organization was established in 1994. 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. Potsdam Chamber Of Commerce 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, Potsdam Chamber Of Commerce generated $75.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $88.3k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
THE PROCEEDS FROM EVENTS AND MEMBERSHIP DUES ARE USED TO PROMOTE LOCAL COMMUNITY BUSINESSES. THE LARGEST AND MOST SUCCESSFUL EVENT IS THE POTSDAM SUMMER FESTIVAL HELD IN JULY EACH YEAR AND BRINGS AN ESTIMATED 2,000 PEOPLE TO POTSDAM TO ATTEND MULTIPLE ACTIVITIES.THE CHAMBER ALSO PROVIDES A GIFT CERTIFICATE PROGRAM WHICH POTSDAM BUSINESSES PARTICIPATE IN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurstin Stowell Executive Di | 30 | $44,633 | |
Rae Hitchman Director | 1 | $0 | |
Jody Tosti Director | 1 | $0 | |
Kelly Chezum Director | 1 | $0 | |
Robert Bicknell 1st Vice Pre | 1 | $0 | |
Allison Carney 2nd Vice Pre | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,670 |
| Total Program Service Revenue | $30,540 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,744 |
| Total Revenue | $74,954 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,581 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,500 |
| Printing, publications, postage, and shipping | $2,593 |
| Other expenses | $26,614 |
| Total expenses | $88,288 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $167,679 |
| Other assets | $0 |
| Total assets | $167,679 |
| Total liabilities | $126,792 |
| Net assets or fund balances | $40,887 |
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