Quad Cities Chamber Of Commerce Inc

Organization Overview

Quad Cities Chamber Of Commerce Inc is located in Davenport, IA. The organization was established in 2012. 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 06/2023, Quad Cities Chamber Of Commerce Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad Cities 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 06/2023, Quad Cities Chamber Of Commerce Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.8m during the year ending 06/2023. While expenses have increased by 0.8% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE QUAD CITIES CHAMBER OF COMMERCE IS A COMBINED CHAMBER OF COMMERCE, ECONOMIC, AND COMMUNITY DEVELOPMENT ORGANIZATION SERVING THE GREATER QUAD CITIES REGION. THE QUAD CITIES CHAMBER OF COMMERCE'S MISSION IS TO STRENGTHEN AND ENHANCE THE BUSINESS ENVIRONMENT, REPRESENT THE INTERESTS OF MEMBERS, AND FOSTER BALANCED GROWTH IN THE QUAD CITIES REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ADVANCE THE ECONOMIC PROSPERITY OF THE QUAD CITIES BY MARKETING THE REGION TO ATTRACT NEW INVESTMENT, SUPPORTING THE GROWTH OF EXISTING BUSINESSES, AND IMPROVING THE OVERALL BUSINESS ENVIRONMENT, WHICH INCLUDES DEVELOPMENT OF CERTAIN DOWNTOWNS WITHIN THE QUAD CITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Julie Forsythe
SVP Bus & Ec
$128,458
Jennifer Walker
VP Marketing
$113,270
Ladrina Wilson
CEO
$121,452
Kyle Carter
VP Place Man
$113,339
Kerry Smith
VP Finance &
$53,772
Brietta Collier
VP Finance &
$26,853

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Strategic Development Group Inc
Man. Hub Grant
$308,329
V Miller Consulting Inc
Man. Hub Grant
$135,417
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$252,800
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,703,247
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,956,047
Total Program Service Revenue$1,322,712
Investment income $27,770
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$200,766
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,226,748

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