Macomb Area Chamber Of Commerce And Downtown Development Corporation
- Assets
- $494.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Macomb, IL
- Founding
- 11/1965
- Data as of
- 12/2022
- EIN
- 37-0395460
Organization Overview
Macomb Area Chamber Of Commerce And Downtown Development Corporation is located in Macomb, IL. The organization was established in 1965. 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. Macomb Area Chamber Of Commerce And Downtown Development Corporation 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, Macomb Area Chamber Of Commerce And Downtown Development Corporation generated $123.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $148.0k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE GENERAL BUSINESS AND DEVELOPMENT IN THE MACOMB AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Merritt President | 40 | $45,606 | |
Patrick Osterman Chair | 3 | $0 | |
Kelly Hamm Secretary | 3 | $0 | |
Jade Powers Treasurer | 3 | $0 | |
Ryan Riggins Past Chair | 3 | $0 | |
Eric Blakeley Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $90,767 |
| Investment income | $327 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $31,218 |
| Other Revenue | $1,606 |
| Total Revenue | $123,918 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,778 |
| Professional fees and other payments to independent contractors | $1,321 |
| Occupancy, rent, utilities, and maintenance | $36,180 |
| Printing, publications, postage, and shipping | $981 |
| Other expenses | $22,698 |
| Total expenses | $147,958 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $370,688 |
| Other assets | $0 |
| Total assets | $494,622 |
| Total liabilities | $254,459 |
| Net assets or fund balances | $240,163 |