Twin City Area Chamber Of Commerce
- Assets
- $411.8k
- Revenue
- $127.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Festus, MO
- Founding
- 12/1970
- Data as of
- 12/2022
- EIN
- 23-7079700
Organization Overview
Twin City Area Chamber Of Commerce is located in Festus, MO. The organization was established in 1970. 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 12/2022, Twin City Area Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin City Area 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 12/2022, Twin City Area Chamber Of Commerce generated $127.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $159.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND SUPPORT OF LOCAL COMMUNITY/INDUSTRY/ BUSINESS. THE CHAMBER PLANS AND PRESENTS THE TWIN CITY DAYS FESTIVAL, CHRISTMAS PARADE, AND MEMBERSHIP MEETINGS TO PROMOTE THE COMMUNITY AND LOCAL BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWIN CITY DAYSTHE TWIN CITY DAYS FESTIVAL SHOWCASES THE COMMUNITY. THE FESTIVAL DRAWS PEOPLE FROM THE LOCAL COMMUNITY AND SURROUNDING COMMUNITIES TO PARTICIPATE IN VARIOUS ACTIVITIES SUCH AS DANCES, COMPETITIONS, FAMILY EVENTS, SENIOR EVENTS, CAR AND OTHER VEHICLE SHOWS, AND THE CRAFT FAIR. THE EVENT PROMOTES THE COMMUNITY AS A GOOD PLACE TO DO BUSINESS, RAISE A FAMILY, AND PARTICIPATE IN THE COMMUNITY.
THE VARIOUS MEETINGS AND DINNERS PROVIDE FORUMS FOR NETWORKING OPPORTUNITIES FOR LOCAL BUSINESS PEOPLE, SHARING OF INFORMATION AMONG MEMBERS, AND NETWORKING BETWEEN THE LOCAL GOVERNMENT, NON-PROFIT ORGANIZATIONS AND BUSINESS PEOPLE TO KEEP OPEN THE LINES OF COMMUNICATION AND COORDINATE EFFORTS OF THOSE INVOLVED TO BETTER THE COMMUNITY.
THE ANNUAL CHRISTMAS PARADE IS ANOTHER VEHICLE TO PROMOTE THE SENSE OF COMMUNITY. BY PROVIDING A VENUE FOR INDIVIDUALS, GROUPS, SCHOOLS, GOVERNMENT ENTITIES AND LOCAL BUSINESSES TO PARTICIPATE BY WATCHING OR PARTICIPATING IN THE PARADE, THERE IS AN OPPORTUNITY TO PROMOTE THE AREA AS A WHOLE AND THE BUSINESSES AND ORGANIZATION THAT SERVE THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonda Breeze Administrator | Officer | 40 | $9,553 |
Katelyn Mary Skaggs Director | Trustee | 1 | $0 |
Ethan Bridgewater Director | Trustee | 1 | $0 |
Donna Litton Director | Trustee | 1 | $0 |
Barb Lowry Director | Trustee | 1 | $0 |
Doug Goodwin Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,256 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,271 |
| Total Program Service Revenue | $95,462 |
| Investment income | $3,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,970 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,553 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,361 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109 |
| Advertising and promotion | $20,098 |
| Office expenses | $3,099 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $945 |
| Insurance | $10,238 |
| All other expenses | $6,075 |
| Total functional expenses | $159,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,510 |
| Savings and temporary cash investments | $404,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $107 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $411,799 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $595 |
| Total liabilities | $595 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $411,204 |
| Total liabilities and net assets/fund balances | $411,799 |