Edwardsville-Glen Carbon Chamber Of Commerce
- Assets
- $153.5k
- Revenue
- $210.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Edwardsville, IL
- Founding
- 09/1942
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Edwardsville-Glen Carbon Chamber Of Commerce generated $210.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $200.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Hamilton Chairman | OfficerTrustee | 1 | $0 |
Josh Lowe Treasurer | OfficerTrustee | 1 | $0 |
Mike Schag Legal Counsel | OfficerTrustee | 1 | $0 |
Desiree Bennyhoff Presidentceo & Corporate Sec | Officer | 40 | $0 |
Bruce Riedle Director | Trustee | 1 | $0 |
Eric Gowin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $138,463 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,089 |
| Total Program Service Revenue | $11,846 |
| Investment income | $242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,145 |
| 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 | $127,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $205 |
| Fees for services: Accounting | $7,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $544 |
| Office expenses | $3,742 |
| Information technology | $9,654 |
| Royalties | $0 |
| Occupancy | $26,377 |
| Travel | $73 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,141 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,080 |
| All other expenses | $1,524 |
| Total functional expenses | $200,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,180 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62 |
| 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 | $2,241 |
| 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 | $153,483 |
| Accounts payable and accrued expenses | $8,267 |
| Grants payable | $0 |
| Deferred revenue | $7,516 |
| 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 | $15,783 |
| Net assets without donor restrictions | $137,700 |
| 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 | $153,483 |
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