Merrill Area Chamber Of Commerce Foundation Inc
- Assets
- $128.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Merrill, WI
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 20-1891431
Organization Overview
Merrill Area Chamber Of Commerce Foundation Inc is located in Merrill, WI. The organization was established in 2005. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrill Area Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Merrill Area Chamber Of Commerce Foundation Inc generated $77.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $33.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (47.4%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Rust Treasurer | 0 | $0 | |
Cheryl Skoug Secretary | 0 | $0 | |
Molly Lyon Board Member | 0 | $0 | |
Clyde Nelson Board Member | 0 | $0 | |
Tim Schreiber Chairperson | 0 | $0 | |
Gail Bloch Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,018 |
| Total Program Service Revenue | $76,621 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,649 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,329 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,183 |
| Total expenses | $33,512 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $128,859 |
| Other assets | $0 |
| Total assets | $128,859 |
| Total liabilities | $0 |
| Net assets or fund balances | $128,859 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Merrill Area Chamber Of Commerce Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Incrediblebank Foundation Inc Wausau, WI PURPOSE: DONATION IN SUPPORT OF NORMAL PARK. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Park Associates Inc Chicago, IL | $84,892,237 | $7,736,352 |
Detroit 300 Conservancy Detroit, MI | $4,896,723 | $5,340,808 |
Champaign Parks Foundation Champaign, IL | $976,964 | $284,130 |
Grindstone Butte Mutual Canal Company Champaign, IL | $200 | $2,974,907 |
Illinois Association Of Park Districts Springfield, IL | $10,419,752 | $4,309,641 |
Millennium Park Foundation Chicago, IL | $52,901,717 | $12,169,207 |
Prospect Meadows Inc Marion, IA | $13,712,909 | $1,593,506 |
Friends Of@sauk Prairie Parks And Recreation Inc Sauk City, WI | $5,893,890 | $2,059,173 |
Dte Beacon Park Foundation Detroit, MI | $11,952,865 | $120,651 |
Little Village Environmental Justice Organization Chicago, IL | $4,634,641 | $3,681,003 |
Traverse Area Recreation & Transportation Trails Inc Traverse City, MI | $8,125,074 | $2,931,318 |
Ice Age Trail Alliance Cross Plains, WI | $12,975,124 | $3,561,895 |