Sauk Valley Area Chamber Of Commerce
- Assets
- $174.2k
- Revenue
- $226.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Sterling, IL
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 36-1825150
Organization Overview
Sauk Valley Area Chamber Of Commerce is located in Sterling, IL. The organization was established in 1977. 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 12/2021, Sauk Valley Area Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sauk Valley Area 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 12/2021, Sauk Valley Area Chamber Of Commerce generated $226.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $186.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE ECONOMIC CLIMATE AND THE QUALITY OF LIFE IN THE SAUK VALLEY AREA. TO PROMOTE BUSINESS AND CIVIC GROWTH AND TO RETAIN THE FREE ENTERPRISE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF BUSINESS IN THE SAUK VALLEY AREA. DUE TO THE COVID 19 PANDEMIC, THE SVACC BECAME A RESOURCE CENTER FOR COVID 19 INFORMATION, RESOURCES AND SERVICES. INITIATED A SAUK VALLEY STRONG CAMPAIGN TO PROMOTE THE SAUK VALLEY AREA, SHOPPING LOCAL AND USING LOCAL SERVICES.STEAK FRY IN THE COUNTRY: 280 SAUK VALLEY SUPPORTERS OF AGRICULTURE ATTENDED THE 2021 STEAK FRY IN THE COUNTRY ON AUGUST 5, 2021. THE OBJECTIVE OF THE PROGRAM IS TO RAISE FUNDS TO SUPPORT AG EDCUATION IN THE SAUK VALLEY BY AWARDING SCHOLARSHIPS TO STUDENTS PURSING AGRICULTURE RELATED CAREERS AND LOCAL AG PROGRAMS SUCH AS FFA, AG IN THE CLASSROOM, UNIVERSITY OF ILLINOIS EXTENSION 4H AND SVCC. ALLOCATED $11,250.00 IN SCHOLARSHIPS FOR 8 STUDENTS AND CONTRIBUTED $5000.00 TO THREE AG RELATED ORGANIZATIONS.SVACC ANNUAL GOLF OUTING. THIS EVENT BROUGHT TOGETHER 108 GOLFERS AND 43 MEMBER SPONSORS. THE OBJECTIVE OF THIS EVENT IS TO RAISE FUNDS FOR THE CHARLES FARNHAM BUSINESS SCHOLARSHIP AND WORKFORCE DEVELOPMENT INITIATIVES;INCLUDING INVOLVMENT IN THE WACC CEO PROGRAM AND THE SVACC 6 WEEK ESSENTIAL SKILLS TRAINING OFFERED TO LOCAL HIGH SCHOOLS . THE SVACC ALLOCATED $2000.00 FOR SCHOLARSHIPS AND 2 LOCAL STUDENTS RECEIVED SCHOLARSHIPS TO PURSUE A CAREER PATHWAY IN A BUSINESS RELATED FIELD.SVACC ANNUAL MANUFACTURING DINNER. IN 2021 THE 3RD ANNUAL MANUFACTURING DINNER WAS HELD. THE OJBECITVE IS THIS PROGRAM IS TO CELEBRATE THE ROLE OF MANUFACTURING IN THE SAUK VALLEY AND BRING TOGETHER THE MANUFACTURING COMMUNITY, ITS SUPPORTERS, AND EDUCATION. ANOTHER OBJECTIVE OF THIS PROGRAM IS TO RAISE FUNDS TO SUPPORT MANUFACTURING AND THE TRADES AS CAREER PATHS FOR OUR LOCAL STUDENTS AND RESIDENTS; PROVIDIGN SCHOLARSHIPS FOR STUDENTS ATTENDING EITHER SVCC OR MORRISON INSTITUTE OF TECHNOLOGY. 155 COMMUNITY MEMBERS AND 21 SPONSORS WERE PART OF THE MANUFACTURING DINNER. $1500.00 WAS ALLOCATED IN SCHOLARSHIPS AND 3 LOCAL RESIDENTS WERE AWARDED THESE SCHOLARSHIPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Noble Executive Director | Officer | 40 | $51,200 |
Lance Buser President | OfficerTrustee | 1 | $0 |
Sheila Martinez Treasurer | OfficerTrustee | 1 | $0 |
Pam Fluck Vice President | OfficerTrustee | 1 | $0 |
Mike Loos Past President | OfficerTrustee | 1 | $0 |
John Mandrell Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,263 |
| Fundraising events | $100 |
| Related organizations | $0 |
| Government grants | $31,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,985 |
| Total Program Service Revenue | $19,205 |
| Investment income | $411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,769 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,200 |
| Compensation of current officers, directors, key employees. | $51,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,735 |
| Payroll taxes | $7,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $585 |
| Office expenses | $11,369 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,119 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,658 |
| Interest | $840 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,176 |
| Insurance | $3,330 |
| All other expenses | $7,930 |
| Total functional expenses | $186,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,903 |
| Savings and temporary cash investments | $44,231 |
| 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 | $10,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $174,219 |
| Accounts payable and accrued expenses | $3,766 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $49,900 |
| Total liabilities | $53,666 |
| Net assets without donor restrictions | $120,553 |
| 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 | $174,219 |
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