Chamber Of Commerce Of Southwestern Madison County is located in Granite City, IL. The organization was established in 1941. 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. Chamber Of Commerce Of Southwestern Madison County 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, Chamber Of Commerce Of Southwestern Madison County generated $100.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $109.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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
MEMBERSHIP AND COMMUNITY SUPPORT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matthew Gomric 1st Vice President | 5 | $0 | |
Terry Driscoll 2nd Vice President | 5 | $0 | |
Paul Wellhausen Foundation President | 5 | $0 | |
Jeff Kohler President | 10 | $0 | |
David Stoecklin Past President | 5 | $0 | |
Ryan Robertson President Elect | 10 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $30,597 |
Total Program Service Revenue | $1,255 |
Membership dues | $68,576 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $94 |
Total Revenue | $100,522 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $67,449 |
Professional fees and other payments to independent contractors | $3,510 |
Occupancy, rent, utilities, and maintenance | $13,579 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $24,821 |
Total expenses | $109,359 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $82,829 |
Other assets | $0 |
Total assets | $82,829 |
Total liabilities | $87,095 |
Net assets or fund balances | -$4,266 |
Organization Name | Assets | Revenue |
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Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
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Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
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Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |