Jacksonville Area Chamber Of Commerce
- Assets
- $359.8k
- Revenue
- $285.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Jacksonville, IL
- Founding
- 07/1945
- Data as of
- 12/2020
- EIN
- 37-0349950
Organization Overview
Jacksonville Area Chamber Of Commerce is located in Jacksonville, IL. The organization was established in 1945. 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 12/2020, Jacksonville Area Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacksonville 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 12/2020, Jacksonville Area Chamber Of Commerce generated $285.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $259.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE BUSINESS CLIMATE, PROMOTE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE IN THE JACKSONVILLE AREA. THE JACKSONVILLE AREA CHAMBER OF COMMERCE ENCOURAGES BUSINESSES BY BUILDING RELATIONSHIPS TO CREATE A VIBRANT TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER PROVIDES BENEFITS OF MEMBERSHIP AND ARE CONSTANTLY WORKING TO INCREASE THE BENEFITS.
THE CHAMBER HAS A CHAMBER CHECK GIFT CERTIFICATE PROGRAM. OVER 80 CHAMBER MEMBERS ACCEPT THE CHAMBER CHECKS.
THE CHAMBER HOLDS NUMEROUS EVENTS THROUGHOUT THE YEAR. THE MAJOR EVENTS ARE THE ANNUAL MEETING, BUSINESS EXPO, AGRI-INDUSTRY BANQUET, APPRECIATION PICNIC, GOLF OUTINGS AT THREE LOCAL GOLF COURSES AND THE STEAK FRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Musch Chamber President And Board Secretary | OfficerTrustee | 40 | $66,673 |
Susie Drake Past Chairman | OfficerTrustee | 1 | $0 |
Keith Lape Chairman | OfficerTrustee | 1 | $0 |
Adam Withee Treasurer | OfficerTrustee | 1 | $0 |
Maryjane Million Incoming Chairperson | OfficerTrustee | 1 | $0 |
Bob Chipman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $281,844 |
| Investment income | $3,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $66,673 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,350 |
| Pension plan accruals and contributions | $12,248 |
| Other employee benefits | $0 |
| Payroll taxes | $8,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,218 |
| Travel | $336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,090 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,055 |
| All other expenses | $2,117 |
| Total functional expenses | $259,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,943 |
| Savings and temporary cash investments | $110,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,600 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $359,787 |
| Accounts payable and accrued expenses | $2,282 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,282 |
| Net assets without donor restrictions | $357,505 |
| 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 | $359,787 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
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Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |