Deforest Chamber Of Commerce Inc
- Assets
- $88.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Deforest, WI
- Founding
- 09/1980
- Data as of
- 12/2023
- EIN
- 23-7298464
Organization Overview
Deforest Chamber Of Commerce Inc is located in Deforest, WI. The organization was established in 1980. 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. Deforest 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 12/2023, Deforest Chamber Of Commerce Inc generated $85.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $103.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE DEFOREST WINDSOR AREA CHAMBER OF COMMERCE TO PROVIDE PROACTIVE LEADERSHIP AND INNOVATION TO ADVANCE A POSITIVE BUSINESS ENVIRONMENT AND FOSTER ECONONMIC GROWTH THROUGH COMMUNITY INVOLVEMENT AND MEMBERSHIP PARTICIPATION
Describe the Organization's Program Activity:
Part 3
EVENTS TO PROVIDE PROACTIVE LEADERSHIP AND INNOVATION TO ADVANCE A POSITIVE BUSINESS ENVIRONMENT AND FOSTER ECONOMIC GROWTH THROUGH COMMUNITY INVOLVEMENT AND MEMBERSHIP PARTICIPATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Titley President | 1 | $0 | |
Amber Newkirk Vice President | 1 | $0 | |
Colleen Coyle Secretary | 2 | $0 | |
Michael Mathweg Treasurer | 2 | $0 | |
Heike Compe Executive Director | 45 | $63,671 | |
Luke Justman Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,302 |
| Total Program Service Revenue | $3,240 |
| Membership dues | $53,967 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$24,683 |
| Other Revenue | $0 |
| Total Revenue | $85,833 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,240 |
| Professional fees and other payments to independent contractors | $19,324 |
| Occupancy, rent, utilities, and maintenance | $7,970 |
| Printing, publications, postage, and shipping | $743 |
| Other expenses | $5,715 |
| Total expenses | $102,992 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,102 |
| Other assets | $0 |
| Total assets | $88,281 |
| Total liabilities | $796 |
| Net assets or fund balances | $87,485 |