Clinton County Chamber Of Commerce
- Assets
- $869.4k
- Revenue
- $364.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Frankfort, IN
- Founding
- 01/1945
- Data as of
- 12/2022
- EIN
- 35-0319923
Organization Overview
Clinton County Chamber Of Commerce is located in Frankfort, IN. The organization was established in 1945. 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 12/2022, Clinton County Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinton County 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 12/2022, Clinton County Chamber Of Commerce generated $364.7k 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 (6.1%) each year. All expenses for the organization totaled $350.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
PROVIDE SERVICES TO EXISTING AND PROSPECTIVE BUSINESSES IN CLINTON COUNTY, INDIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SERVICES TO EXISTING AND PROSPECTIVE BUSINESSES IN CLINTON COUNTY,
PROVIDE SERVICES TO EXISTING AND PROSPECTIVE BUSINESSES IN CLINTON COUNTY,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon D Sheridan Executive Di | OfficerTrustee | 40 | $74,890 |
Russ Kaspar Director | Trustee | 1 | $0 |
Tristen Comegys Director | Trustee | 1 | $0 |
Anita Stewart Director | Trustee | 1 | $0 |
Stacey Dollahan Director | Trustee | 1 | $0 |
Jimmie Scott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,020 |
| Total Program Service Revenue | $353,263 |
| Investment income | $410 |
| 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 | $364,693 |
| 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. | $74,890 |
| Compensation of current officers, directors, key employees. | $14,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,740 |
| Payroll taxes | $13,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $153 |
| Fees for services: Other | $2,503 |
| Advertising and promotion | $1,803 |
| Office expenses | $25,202 |
| Information technology | $27,255 |
| Royalties | $0 |
| Occupancy | $15,134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,080 |
| Conferences, conventions, and meetings | $9,532 |
| Interest | $8,153 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,373 |
| Insurance | $24,340 |
| All other expenses | $2,334 |
| Total functional expenses | $350,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,021 |
| Savings and temporary cash investments | $157,337 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $586,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $869,381 |
| Accounts payable and accrued expenses | $3,702 |
| Grants payable | $0 |
| Deferred revenue | $50,571 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $322,247 |
| Total liabilities | $376,520 |
| Net assets without donor restrictions | $492,861 |
| 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 | $869,381 |