Deforest Chamber Of Commerce Inc
- Assets
- $83.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Deforest, WI
- Founding
- 09/1980
- Data as of
- 12/2021
- 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. As of 12/2021, Deforest Chamber Of Commerce Inc employed 3 individuals. 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 12/2021, Deforest Chamber Of Commerce Inc generated $95.8k 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 (4.9%) each year. All expenses for the organization totaled $79.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 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
EVENTS TO ENGAGE MEMBERS AND COMMUNITY THROUGH EDUCATION, PROMOTION AND COMMUNITY ENRICHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heike Compe Executive Dir. | 45 | $51,500 | |
Monica Titley Past President | 1 | $0 | |
Amber Newkirk President Elect | 1 | $0 | |
Jerry Patzner Board Member | 1 | $0 | |
Jamie Rybarczyk Board Member | 2 | $0 | |
Michelle Lawrie Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,749 |
| Total Program Service Revenue | $52,344 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$16,295 |
| Other Revenue | $0 |
| Total Revenue | $95,805 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,482 |
| Professional fees and other payments to independent contractors | $3,750 |
| Occupancy, rent, utilities, and maintenance | $7,351 |
| Printing, publications, postage, and shipping | $64 |
| Other expenses | $12,690 |
| Total expenses | $79,337 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,413 |
| Other assets | $0 |
| Total assets | $83,296 |
| Total liabilities | $648 |
| Net assets or fund balances | $82,648 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
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National Truck Equipment Association Farmington Hills, MI | $27,097,486 | $13,173,388 |
Property Loss Research Bureau Downers Grove, IL | $29,282,847 | $8,342,411 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Residential Real Estate Council Chicago, IL | $27,056,402 | $11,169,926 |
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