Lockport Chamber Of Commerce
- Assets
- $170.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lockport, IL
- Founding
- 07/1976
- Data as of
- 12/2021
- EIN
- 36-2806448
Organization Overview
Lockport Chamber Of Commerce is located in Lockport, IL. The organization was established in 1976. 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. Lockport 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, Lockport Chamber Of Commerce generated $150.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $94.7k during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ENHANCES THE LOCAL BUSINESS COMMUNITY BYORGANIZING EVENTS, SUCH AS THE STATE OF THE CITY LUNCHEON, BUSINESS FAIRS, AND OTHER EVENTS THAT HELP LOCAL BUSINESSES EXPOSE THEIR SERVICES TO THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Liff President | 10 | $0 | |
Carie Potter Vice President | 10 | $0 | |
Susan Fielder Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,027 |
| Total Program Service Revenue | $112,428 |
| Membership dues | $30,584 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $150,039 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,008 |
| Professional fees and other payments to independent contractors | $200 |
| Occupancy, rent, utilities, and maintenance | $6,404 |
| Printing, publications, postage, and shipping | $11,070 |
| Other expenses | $17,980 |
| Total expenses | $94,662 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $170,848 |
| Other assets | $0 |
| Total assets | $170,848 |
| Total liabilities | $976 |
| Net assets or fund balances | $169,872 |
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