Greater Valparaiso Chamber Of Commerce
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Valparaiso, IN
- Founding
- 05/1945
- Data as of
- 12/2022
- EIN
- 35-0727140
Organization Overview
Greater Valparaiso Chamber Of Commerce is located in Valparaiso, 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, Greater Valparaiso Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Valparaiso 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, Greater Valparaiso Chamber Of Commerce generated $1.1m 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 $1.0m during the year ending 12/2022. While expenses have increased by 2.7% 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
TO ASSIST BUSINESSES IN THE GREATER VALPARAISO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALPARAISO MAGAZINE IS OUR PREMIER MARKETING PRINT PUBLICATION THAT ALLOWS OUR CHAMBER TO SHOWCASE MANY IMPORTANT QUALITY OF LIFE ASPECTS OF OUR COMMUNITY. IT TAKES THE PERSPECTIVE OF LOOKING AT OUR COMMUNITY THROUGH THE LENS OF THE BUSINESS'S POINT OF VIEW. THE PUBLICATION HAS A CIRCULATION OF 18,000 HOMES AND BUSINESSES IN THE GREATER VALPARAISO AREA. IT FEATURES BUSINESS OWNERS AND THEIR MANY FACETS TO THE STRONG CIVIC ENGAGEMENT TO THIS COMMUNITY. VALPARAISO MAGAZINE IS PUBLISHED FOUR TIMES A YEAR.
THE CHAMBER PROVIDES INDIVIDUALS AND BUSINESSES WITH INFORMATION ON ACTIVITIES THROUGHOUT VALPARAISO, PORTER COUNTY, AND NORTHWEST INDIANA.
OUR MEMBERSHIP DIRECTORY IS A VERY USEFUL BUYERS GUIDE FOR BUSINESSES AND INDIVIDUALS LOOKING FOR BUSINESS SERVICES, CONSUMER PRODUCTS, AND ANYTHING NEEDED TO PURCHASE FOR HOME OR BUSINESS. IT LISTS THE MANY MEMBERS WHO BELONG TO THE VALPARAISO CHAMBER ALPHABETICALLY AND BY BUSINESS CATEGORY. THIS DIRECTORY ALSO PROVIDES DISPLAY ADVERTISING WHICH HELPS TO PROMOTE THE PRODUCTS AND SERVICES PROVIDED BY THE 800 PLUS BUSINESSES THAT ARE AFFILIATED WITH OUR CHAMBER OF COMMERCE. THIS DIRECTORY CIRCULATES TO 5,000 BUSINESSES IN THE VALPARAISO MARKET PLACE. IT'S AN OUTSTANDING BUSINESS TO BUSINESS RESOURCE.
CHAMBER NETWORK NIGHT IS AN ANNUAL BUSINESS TO BUSINESS EXPO WHICH PROVIDES BUSINESSES FROM PORTER COUNTY TO SHOWCASE THEIR PRODUCTS AND SERVICES FACE TO FACE WITH POTENTIAL CLIENTS AND CUSTOMERS. THERE ARE NEARLY 200 ORGANIZATIONS WITH BOOTH SPACE TO DISPLAY THEIR PRODUCTS AND SERVICES. THE DIVERSITY OF BUSINESSES PARTICIPATING, RANGE FROM HOSPITALS, SIGN COMPANIES, LAW FIRMS, TELECOMMUNICATION FIRMS, AND MANY MORE. THIS IS THE LARGEST BUSINESS EXPO IN NORTHERN INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Richards President | Officer | 50 | $128,103 |
Tom Long Immediate Past-Chair | OfficerTrustee | 2.5 | $0 |
Matt Evans Vice-Chair | OfficerTrustee | 2.5 | $0 |
Lee Lane Vice Chair & Chair-Elect | OfficerTrustee | 2.5 | $0 |
Mary Sudicky Board Chair | OfficerTrustee | 2.5 | $0 |
Denise Conlon Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,120 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,610 |
| Total Program Service Revenue | $610,593 |
| Investment income | $2,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,646 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,545 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,057 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,091,233 |
| 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. | $128,103 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,244 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,514 |
| Payroll taxes | $41,566 |
| 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 | $69,956 |
| Advertising and promotion | $13,466 |
| Office expenses | $8,889 |
| Information technology | $32,139 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $72,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,819 |
| Insurance | $9,379 |
| All other expenses | $159,278 |
| Total functional expenses | $1,043,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,205 |
| Savings and temporary cash investments | $162,878 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,372 |
| 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 | $11,545 |
| Net Land, buildings, and equipment | $937,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,569,882 |
| Accounts payable and accrued expenses | $25,549 |
| Grants payable | $0 |
| Deferred revenue | $361,674 |
| 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 | $87,474 |
| Total liabilities | $474,697 |
| Net assets without donor restrictions | $1,095,185 |
| 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 | $1,569,882 |