Mt Pleasant Area Chamber Of Commerce
- Assets
- $396.5k
- Revenue
- $278.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Mt Pleasant, MI
- Founding
- 11/1946
- Data as of
- 12/2022
- EIN
- 38-0411536
Organization Overview
Mt Pleasant Area Chamber Of Commerce is located in Mt Pleasant, MI. The organization was established in 1946. 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. As of 12/2022, Mt Pleasant Area Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Pleasant 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 12/2022, Mt Pleasant Area Chamber Of Commerce generated $278.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $306.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO ENHANCE A DIVERSIFIED BUSINESS ENVIRONMENT THAT FOSTERS A PROGRESSIVE AND ECONOMICALLY VIABLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLUE CROSS/BLUE SHIELD PROGRAM - THIS IS A PROGRAM IN WHICH THE CHAMBER HAS PARTNERED WITH BLUE CROSS/BLUE SHIELD OF MICHIGAN IN ORDER TO PROMOTE BC/BS INSURANCE PROGRAMS TO CHAMBER MEMBERS. BC/BS OF MICHIGAN PROVIDES PROGRAM FUNDS TO HELP PAY FOR STAFFING, SUPPORT CHAMBER PUBLICATIONS AND SPONSOR CHAMBER EVENTS. THEIR MARKETING FUNDS PAY FOR THE PUBLICATION OF MANY WEBSITE, NEWSLETTER AND ELECTRONIC MESSAGES OF HEALTH RELATED INFORMATION AS A WAY TO PROMOTE THE BC/BS PROGRAM.
SEMINARS AND LEADERSHIP CONFERENCE - THE CHAMBER PUTS ON 15 TO 20 BUSINESS SEMINARS EACH YEAR. DEPENDING ON THE TOPICS, ATTENDEES RANGE FROM 5 TO 75 PER EVENT. TOPICS INCLUDE MICHIGAN LEGISLATION, PROGRAMS RELATING TO YOUNG PROFESSIONALS, FINANCIAL MANAGEMENT, LAWS AND REGULATIONS THAT AFFECT MEMBERS' BUSINESSES AND MORE. A LEADERSHIP TRAINING PROGRAM IS OFFERED ANNUALLY FOR MEMBERS. THE UNDERGRADUATE ROLLIE DENISON LEADERSHIP INSTITUTE IS OFFERED EVERY OTHER YEAR AND IS AN EIGHT MONTH COURSE THAT MEETS MONTHLY AND PROVIDES LEADERSHIP EDUCATION AND TECHNIQUES FOR MT. PLEASANT LEADERS OF TOMORROW.
AWARDS BANQUET - THE CHAMBER ALSO HOSTS AN ANNUAL AWARDS BANQUET TO ACKNOWLEDGE COMMUNITY LEADERS AND BUSINESSES WHO PROVIDE SIGNIFICANT CONTRIBUTIONS OF TIME AND EFFORT TO THE COMMUNITY AS WELL AS PROMOTING MT. PLEASANT AND ESTABLISHED CIVIC ACTIVITIES IN THE AREA.
BUSINESS AFTER HOURS, BUSINESS OVER BREAKFAST - THE CHAMBER PROVIDES ITS MEMBERS WITH SEVERAL FORUMS TO MEET AS A BUSINESS GROUP. MEMBERS CAN CHOOSE TO ATTEND NETWORKING EVENTS SUCH AS BUSINESS AFTER HOURS OR BUSINESS OVER BREAKFAST. MEMBER ATTENDANCE, DEPENDING ON THE FORUM AVERAGE, FROM 30 TO 130 MEMBERS PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Conway President | Officer | 40 | $59,064 |
Douglas Wallace Past Preside | Officer | 10 | $6,308 |
Paula Arndt Director | Trustee | $0 | |
Jim Binder Director | Trustee | $0 | |
Rachel Blizzard Director | Trustee | $0 | |
Bart Blystone Chair | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $151,330 |
| 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 | $151,330 |
| Total Program Service Revenue | $89,909 |
| Investment income | $5,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,457 |
| Pension plan accruals and contributions | $4,847 |
| Other employee benefits | $15,826 |
| Payroll taxes | $14,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,549 |
| Office expenses | $6,882 |
| Information technology | $10,654 |
| Royalties | $0 |
| Occupancy | $8,415 |
| Travel | $1,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,546 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496 |
| Insurance | $2,827 |
| All other expenses | $12,134 |
| Total functional expenses | $306,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,516 |
| Savings and temporary cash investments | $221,641 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $74 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,316 |
| Total assets | $396,460 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $83,798 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $53,862 |
| Other liabilities | $23,554 |
| Total liabilities | $161,214 |
| Net assets without donor restrictions | $235,246 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $396,460 |