Edwardsville-Glen Carbon Chamber Of Commerce
- Assets
- $223.3k
- Revenue
- $209.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Edwardsville, IL
- Founding
- 09/1942
- Data as of
- 12/2023
- EIN
- 37-0259200
Organization Overview
Edwardsville-Glen Carbon Chamber Of Commerce is located in Edwardsville, IL. The organization was established in 1942. 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 12/2023, Edwardsville-Glen Carbon Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edwardsville-Glen Carbon 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 12/2023, Edwardsville-Glen Carbon Chamber Of Commerce generated $209.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $194.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE EDWARDSVILLE/GLEN CARBON CHAMBER OF COMMERCE IS A MEMBER-DRIVEN ORGANIZATION, DEDICATED TO A STRONG, PRIVATE SECTOR REGIONAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDWARDSVILLE/GLEN CARBON CHAMBER OF COMMERCE WILL BE THE PREFERRED PROVIDER OF WATCH-DOG, EDUCATION AND ADVOCACY SERVICES THAT FORM A MISSION-CRITICAL CATALYST FOR BUSINESS SUCCESS. THE CHAMBER HONORS AND RESPECTS CAPITALISM AND WELL-INFORMED PRIVATE SECTOR JOB CREATORS AS A CENTRAL AND FOUNDATIONAL ELEMENT OF REGIONAL AND NATIONAL PROSPERITY. THE CHAMBER ACTIVELY FACILITATES COLLABORATION AND OPEN DISCUSSION BETWEEN BUSINESS AND PUBLIC OFFICIALS THROUGH EDUCATION, BUSINESS ADVOCACY AND LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Gowin Director | Trustee | 1 | $0 |
Bruce Riedle Director | Trustee | 1 | $0 |
Matt Pfund Director | Trustee | 1 | $0 |
Jonathan Fowler Director | Trustee | 1 | $0 |
Lisa Klaustermeier Director | Trustee | 1 | $0 |
Cathy Hamilton Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,951 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $145,951 |
| Total Program Service Revenue | $12,275 |
| Investment income | $166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,377 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,139 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $88 |
| Office expenses | $3,046 |
| Information technology | $8,125 |
| Royalties | $0 |
| Occupancy | $24,094 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,472 |
| Interest | $164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,273 |
| Insurance | $5,122 |
| All other expenses | $2,060 |
| Total functional expenses | $194,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,306 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,163 |
| 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 | $2,343 |
| Net Land, buildings, and equipment | $62,515 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $223,327 |
| Accounts payable and accrued expenses | $7,708 |
| Grants payable | $0 |
| Deferred revenue | $8,951 |
| 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 | $55,505 |
| Total liabilities | $72,164 |
| Net assets without donor restrictions | $151,163 |
| 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 | $223,327 |