Olney Chamber Of Commerce
- Assets
- $164.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olney, IL
- Founding
- 06/1943
- Data as of
- 03/2022
- EIN
- 37-0447473
Organization Overview
Olney Chamber Of Commerce is located in Olney, IL. The organization was established in 1943. 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. Olney 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 03/2022, Olney Chamber Of Commerce generated $83.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $65.0k during the year ending 03/2022. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SPONSOR & PROMOTE VARIOUS COMMUNITY EVENTS TO FURTHER TOURISM & INVOLVEMENT IN COMMUNITY AND ITS BUSINESSES. ACTIVITIES BENEFIT ENTIRE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Bissey-Murphy Exec Director | 40 | $15,338 | |
Darrell Mcdowell President | 4 | $0 | |
Brandy Piercefield Secretary | 4 | $0 | |
John Stephenson Director | 1 | $0 | |
Ryan Hawkins Treasurer | 4 | $0 | |
Gina Kocher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,827 |
| Total Program Service Revenue | $0 |
| Membership dues | $42,798 |
| Investment income | $179 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,253 |
| Other Revenue | $225 |
| Total Revenue | $83,282 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,833 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $10,807 |
| Printing, publications, postage, and shipping | $338 |
| Other expenses | $11,071 |
| Total expenses | $65,049 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $164,480 |
| Other assets | $0 |
| Total assets | $164,480 |
| Total liabilities | $60,030 |
| Net assets or fund balances | $104,450 |
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