Columbia Montour Chamber Of Commerce
- Assets
- $666.0k
- Revenue
- $316.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Bloomsburg, PA
- Founding
- 07/1942
- Data as of
- 03/2022
- EIN
- 24-0787846
Organization Overview
Columbia Montour Chamber Of Commerce is located in Bloomsburg, PA. The organization was established in 1942. 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 03/2022, Columbia Montour Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia Montour 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 03/2022, Columbia Montour Chamber Of Commerce generated $316.7k in total revenue. All expenses for the organization totaled $270.0k during the year ending 03/2022. While expenses have increased by 48.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE BUSINESS ACTIVITIES IN COLUMBIA AND MONTOUR COUNTIES IN PENNSYLVANIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP & DEVELOPMENT OF DOWNTOWN PROMOTIONS & ORGANIZATIONS; INDUSTRIAL DEVELOPMENT PROGRAMS; ACTIVITIES IN ADDITION TO NORMAL CHAMBER OF COMMERCE FUNCTIONS SUCH AS DISBURSING INFORMATION TO THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Gaffney President | Officer | 40 | $83,383 |
Dan Knorr II Chairman | OfficerTrustee | 2 | $0 |
Denise Stone Treasurer | OfficerTrustee | 2 | $0 |
Chris Stamatedes Vice Chair | OfficerTrustee | 2 | $0 |
Susan Adams Director | Trustee | 2 | $0 |
Karen Wood Immediate Past Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,025 |
| Total Program Service Revenue | $234,508 |
| Investment income | $4,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,383 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,780 |
| Pension plan accruals and contributions | $4,654 |
| Other employee benefits | $2,700 |
| Payroll taxes | $12,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,375 |
| Advertising and promotion | $1,924 |
| Office expenses | $5,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,600 |
| Insurance | $2,769 |
| All other expenses | $15,489 |
| Total functional expenses | $269,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,112 |
| Savings and temporary cash investments | $362,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $61,669 |
| Inventories for sale or use | $378 |
| Prepaid expenses and deferred charges | $3,275 |
| Net Land, buildings, and equipment | $82,627 |
| Investments—publicly traded securities | $35,027 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,485 |
| Total assets | $666,013 |
| Accounts payable and accrued expenses | $2,397 |
| Grants payable | $0 |
| Deferred revenue | $65,893 |
| 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 | $45,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $113,577 |
| Net assets without donor restrictions | $552,436 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $666,013 |
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