Demotte Chamber Of Commerce Inc
- Assets
- $83.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Demotte, IN
- Founding
- 10/1982
- Data as of
- 12/2022
- 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 12/2022, Demotte Chamber Of Commerce Inc generated $76.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $54.9k during the year ending 12/2022. While expenses have increased by 3.4% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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 | |
Linda White Secretary | 0 | $0 | |
Jennifer Jonkman Treasurer | 0 | $0 | |
Scott Osborn Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $32,215 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $43,757 |
| Other Revenue | $1 |
| Total Revenue | $75,980 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,449 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $7,269 |
| Printing, publications, postage, and shipping | $1,395 |
| Other expenses | $3,820 |
| Total expenses | $54,933 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,557 |
| Other assets | $0 |
| Total assets | $83,041 |
| Total liabilities | $2,558 |
| Net assets or fund balances | $80,483 |