Wells Co Chamber Of Commerce
- Assets
- $1.0m
- Revenue
- $533.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Bluffton, IN
- Founding
- 09/1957
- Data as of
- 12/2022
- EIN
- 35-0778401
Organization Overview
Wells Co Chamber Of Commerce is located in Bluffton, IN. The organization was established in 1957. 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, Wells Co Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wells Co 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, Wells Co Chamber Of Commerce generated $533.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $481.7k during the year ending 12/2022. While expenses have increased by 5.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOCAL ECONOMIC DEVELOPMENT & CHAMBER OF COMMERCE DUTIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONDUCT ACTIVITIES WHICH WILL ENHANCE THE ABILITY TO DO BUSINESS AND LIVE IN WELLS COUNTY, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Kline Director | Trustee | 40 | $83,320 |
Erin Prible Director | Trustee | 40 | $69,007 |
David Crell Director | Trustee | 0 | $0 |
Brad Baumgartner Director | Trustee | 0 | $0 |
Trent Bucher Treasurer | OfficerTrustee | 1 | $0 |
Keith Muhlenkamp Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $163,260 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,676 |
| Total Program Service Revenue | $281,188 |
| Investment income | $1,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,805 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,187 |
| 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. | $152,327 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,709 |
| Payroll taxes | $23,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $24,494 |
| Office expenses | $14,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,200 |
| Travel | $5,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,705 |
| Insurance | $3,135 |
| All other expenses | $15,981 |
| Total functional expenses | $481,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,085 |
| Savings and temporary cash investments | $322,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $214,945 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,034,586 |
| Accounts payable and accrued expenses | $100,894 |
| Grants payable | $0 |
| Deferred revenue | $211,153 |
| 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 | $0 |
| Total liabilities | $312,047 |
| Net assets without donor restrictions | $722,539 |
| 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 | $1,034,586 |