Rantoul Area Chamber Of Commerce
- Assets
- $115.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rantoul, IL
- Founding
- 01/1975
- Data as of
- 08/2023
- EIN
- 37-0477857
Organization Overview
Rantoul Area Chamber Of Commerce is located in Rantoul, IL. The organization was established in 1975. 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. Rantoul 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 08/2023, Rantoul Area Chamber Of Commerce generated $101.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $98.2k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
THE CHAMBER OF COMMERCE IS RESPONSIBLE FOR COORDINATING THE RANTOUL 4TH OF JULY CELEBRATION FOR THE RANTOUL COMMUNITY. THE 4TH OF JULY CELEBRATION INCLUDES A 5K RUN, FIREWORKS, AND ENTERTAINMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Vickery Executive Director | 20 | $48,869 | |
Angie Schluter-Jones Director | 1 | $0 | |
Tonya Carter Director | 1 | $0 | |
Michael Camacho Director | 1 | $0 | |
Lisa Feig Director | 1 | $0 | |
Kim Harris Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,305 |
| Total Program Service Revenue | $16,525 |
| Membership dues | $50,681 |
| Investment income | $119 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,810 |
| Other Revenue | $0 |
| Total Revenue | $101,440 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,228 |
| Professional fees and other payments to independent contractors | $5,867 |
| Occupancy, rent, utilities, and maintenance | $20,352 |
| Printing, publications, postage, and shipping | $3,198 |
| Other expenses | $13,131 |
| Total expenses | $98,211 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,885 |
| Other assets | $0 |
| Total assets | $115,536 |
| Total liabilities | $12,369 |
| Net assets or fund balances | $103,167 |