Jackson County Chamber Of Commerce
- Assets
- $1.1m
- Revenue
- $739.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Jackson, MI
- Founding
- 01/1939
- Data as of
- 12/2022
- EIN
- 38-0606715
Organization Overview
Jackson County Chamber Of Commerce is located in Jackson, MI. The organization was established in 1939. 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, Jackson County Chamber Of Commerce employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson County 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, Jackson County Chamber Of Commerce generated $739.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $680.4k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A LEADING DRIVER AND ADVOCATE FOR COMMUNITY AND ECONOMIC DEVELOPMENT IN JACKSON COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSESS AND COLLECT DUES AND CORDINATE PROGRAMS AND EVENTS TO PROVIDE FUNDING WHICH WILL ALLOW THE CHAMBER TO ACHIEVE ITS MISSION OF BEING A LEADING DRIVER AND ADVOCATE FOR THE COMMUNITY AND ECONOMIC DEVELOPMENT IN JACKSON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Inosencio Director | Trustee | 1 | $0 |
Dennis Worden Director | Trustee | 1 | $0 |
Amber Collins Director | Trustee | 1 | $0 |
Monica Bouman Director | Trustee | 1 | $0 |
Michele Dettloff Director | Trustee | 1 | $0 |
Alex Masten Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $288,150 |
| 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 | $288,150 |
| Total Program Service Revenue | $334,990 |
| Investment income | $86 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $102,685 |
| 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 | $739,908 |
| 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. | $97,292 |
| Compensation of current officers, directors, key employees. | $64,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,935 |
| Pension plan accruals and contributions | $13,554 |
| Other employee benefits | $70,355 |
| Payroll taxes | $40,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,800 |
| Fees for services: Accounting | $6,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,023 |
| Office expenses | $34,773 |
| Information technology | $19,185 |
| Royalties | $0 |
| Occupancy | $61,644 |
| Travel | $1,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,262 |
| Interest | $10,065 |
| Payments to affiliates | -$357,906 |
| Depreciation, depletion, and amortization | $41,832 |
| Insurance | $5,106 |
| All other expenses | $10,182 |
| Total functional expenses | $680,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $140,854 |
| Accounts receivable, net | $0 |
| 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 | $10,581 |
| Net Land, buildings, and equipment | $729,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,083,111 |
| Accounts payable and accrued expenses | $47,363 |
| Grants payable | $0 |
| Deferred revenue | $184,258 |
| 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 | $225,438 |
| Unsecured mortgages and notes payable | $2,290 |
| Other liabilities | $6,919 |
| Total liabilities | $466,268 |
| Net assets without donor restrictions | $616,843 |
| 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 | $1,083,111 |