Salem Business & Industrial Commission

Organization Overview

Salem Business & Industrial Commission, operating under the name Salem Business And Industrial, is located in Salem, IL. The organization was established in 1995. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Salem Business And Industrial is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION ACTIVELY SEEKS TO PROMOTE BUSINESS DEVELOPMENT AND EXPANSION AND IMPROVE THE GENERAL BUSINESS CONDITIONS WITHIN THE CITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION HAS INVESTED IN LAND AND A BUILDING WHICH IT HAS LEASED TO COMPANIES WISHING TO DO START UPS AND EXPANSIONS. IT SUPPORTS LOCAL BUSINESSES IN EXPANDING AND PROMOTING THEIR BUSINESS ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Melani Johnson
Secretary
$0
Marilyn Shetley Shook
Treasurer
$0
Timm Squibb
Vice-President
$0
Neal Smith
President
$0
Matt Stanford
Director
$0
James T Somer
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $8
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,995
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,003

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