Oswego Area Chamber Of Commerce
- Assets
- $549.8k
- Revenue
- $219.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Oswego, IL
- Founding
- Data as of
- 12/2022
- EIN
- 36-3712848
Organization Overview
Oswego Area Chamber Of Commerce is located in Oswego, IL. As of 12/2022, Oswego Area Chamber Of Commerce employed 3 individuals. Oswego 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 12/2022, Oswego Area Chamber Of Commerce generated $219.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $253.6k during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 3 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
THE CHAMBER OF COMMERCE PROMOTES BUSINESS NETWORKING ACTIVITIES AND PERFORMS VARIOUS FUNCTIONS TO INTRODUCE THE GENERAL PUBLIC TO THE MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS EXPO - EVENT THAT SHOWCASES THE CHAMBERS MEMBERS TO THE ENTIRE COMMUNITY, THROUGH A TRADE SHOW OF CHAMBER MEMBERS.
ANNUAL MEETING - CELEBRATES THE ACCOMPLISHMENTS OF THE CHAMBER AND LOOKS TO FUTURE OPPORTUNITIES.
INSPIRING WOMEN - MISSION TO OFFER PROFESSIONAL EVENTS HOSTED BY THE WOMEN OF THE OSWEGO CHAMMBER OF COMMERCE TO OFFER NETWORKING AN DINFORMATIVE WORKSHOPS AND SPEAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Hibben Executive Direc | Officer | 40 | $66,721 |
Rick Warner Director | OfficerTrustee | 1 | $0 |
Brandon Polaskey Director | Trustee | 1 | $0 |
Wendy Greenslade Director | Trustee | 1 | $0 |
Rick Jacobsen Director | Trustee | 1 | $0 |
Aaron Vanagaitis Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,297 |
| 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 | $22,297 |
| Total Program Service Revenue | $132,508 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,093 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,250 |
| 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. | $66,721 |
| Compensation of current officers, directors, key employees. | $33,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,724 |
| Office expenses | $3,550 |
| Information technology | $4,077 |
| Royalties | $0 |
| Occupancy | $20,850 |
| Travel | $2,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $419 |
| Interest | $4,202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,495 |
| Insurance | $2,802 |
| All other expenses | $11,966 |
| Total functional expenses | $253,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,779 |
| Savings and temporary cash investments | $99,958 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,082 |
| 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 | $315,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $549,847 |
| Accounts payable and accrued expenses | $1,109 |
| 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 | $241,242 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $246,682 |
| Total liabilities | $489,033 |
| Net assets without donor restrictions | $60,814 |
| 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 | $549,847 |