Mahomet Area Chamber Of Commerce
- Assets
- $19.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mahomet, IL
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 37-1137731
Organization Overview
Mahomet Area Chamber Of Commerce is located in Mahomet, IL. The organization was established in 1997. 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. Mahomet 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 12/2021, Mahomet Area Chamber Of Commerce generated $136.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $162.4k during the year ending 12/2021. While expenses have increased by 18.8% 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
2021
Describe the Organization's Program Activity:
Part 3
THE MAHOMET AREA CHAMBER OF COMMERCE WORKS COLLECTIVELY TO UNDERSTAND MEMBERS' NEEDS AND HELP BENEFIT BUSINESSES IN THEIR NEEDS AS WELL AS IN THEIR GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Pierce Administrative Director | 40 | $46,200 | |
Alan Singleton Chairman | 6 | $0 | |
Michael Hernandez Vice Chairman | 4 | $0 | |
Nick Schneider Secretary | 4 | $0 | |
Jessica Hanson Treasurer | 4 | $0 | |
Aly Jackson Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,049 |
| Total Program Service Revenue | $0 |
| Membership dues | $52,650 |
| Investment income | $42 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $40,418 |
| Other Revenue | $35,425 |
| Total Revenue | $136,584 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,829 |
| Professional fees and other payments to independent contractors | $916 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,500 |
| Other expenses | $90,204 |
| Total expenses | $162,449 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,067 |
| Other assets | $0 |
| Total assets | $19,067 |
| Total liabilities | $19,832 |
| Net assets or fund balances | -$765 |
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