Monticello Chamber Of Commerce
- Assets
- $103.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monticello, IL
- Founding
- 10/1956
- Data as of
- 12/2021
- EIN
- 37-0631056
Organization Overview
Monticello Chamber Of Commerce is located in Monticello, IL. The organization was established in 1956. 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. Monticello 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 12/2021, Monticello Chamber Of Commerce generated $80.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $74.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
THE MONTICELLO CHAMBER OF COMMERCE SPONSORED AND ORGANIZED VARIOUS EVENTS WHICH BROUGHT VISITORS TO THE COMMUNITY TO PATRONIZE AREA SHOPS, RESTAURENTS, MUSEUMS, AND OTHER LOCAL BUS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Stetson Director | 1 | $0 | |
James Singleton Past President | 1 | $0 | |
Molly Loftus Treasurer | 1 | $0 | |
Sarah Ross Vice President | 1 | $0 | |
Vic Zimmerman Director | 1 | $0 | |
James Ayers Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,890 |
| Total Program Service Revenue | $11,344 |
| Membership dues | $19,194 |
| Investment income | $69 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,097 |
| Other Revenue | $0 |
| Total Revenue | $80,594 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,190 |
| Professional fees and other payments to independent contractors | $4,298 |
| Occupancy, rent, utilities, and maintenance | $2,114 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,399 |
| Total expenses | $74,001 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,729 |
| Other assets | $0 |
| Total assets | $103,729 |
| Total liabilities | $6,441 |
| Net assets or fund balances | $97,288 |
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