Demotte Chamber Of Commerce Inc
- Assets
- $61.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Demotte, IN
- Founding
- 10/1982
- Data as of
- 12/2021
- EIN
- 31-1036848
Organization Overview
Demotte Chamber Of Commerce Inc is located in Demotte, IN. The organization was established in 1982. 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. Demotte 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, Demotte Chamber Of Commerce Inc generated $62.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $39.1k during the year ending 12/2021. 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
DEVELOP A STRONG AND VIABLE BUSINESS COMMUNITY, AND MAKE IT A BETTER PLACE IN WHICH TO LIVE AND PROSPER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Mullen President | 0 | $0 | |
Scott Osborn Vice President | 0 | $0 | |
Linda White Secretary | 0 | $0 | |
Jennifer Jonkman Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $31,480 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $27,756 |
| Other Revenue | $3,168 |
| Total Revenue | $62,410 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,579 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,418 |
| Printing, publications, postage, and shipping | $843 |
| Other expenses | $6,238 |
| Total expenses | $39,078 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,357 |
| Other assets | $0 |
| Total assets | $61,628 |
| Total liabilities | $2,192 |
| Net assets or fund balances | $59,436 |
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