Michigan West Coast Chamber Of Commerce
- Assets
- $4.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Holland, MI
- Founding
- 10/1944
- Data as of
- 08/2021
- EIN
- 38-0655230
Organization Overview
Michigan West Coast Chamber Of Commerce is located in Holland, MI. The organization was established in 1944. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2021, Michigan West Coast Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan West Coast 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 08/2021, Michigan West Coast Chamber Of Commerce generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $984.2k during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WEST COAST CHAMBER EXISTS TO BE A CATALYST FOR BUSINESS GROWTH AND DEVELOPMENT, A CONVENER OF LEADERS AND INFLUENCERS, AND A CHAMPION FOR A THRIVING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WEST COAST CHAMBER EXISTS TO BE A CATALYST FOR BUSINESS GROWTH AND DEVELOPMENT, A CONVENER OF LEADERS AND INFLUENCERS, AND A CHAMPION FOR A THRIVING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Clark President | Officer | 40 | $160,003 |
Jodi Owczarski Secretary | Officer | 40 | $94,554 |
Mike Novakoski Chair | OfficerTrustee | 1 | $0 |
Kelly Springer Vice Chair / Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Remondino Past Chair | OfficerTrustee | 1 | $0 |
David Bolt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,004 |
| Related organizations | $0 |
| Government grants | $123,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,780 |
| Total Program Service Revenue | $821,269 |
| Investment income | $22,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $295,420 |
| Net Income from Fundraising Events | $19,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,331,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,858 |
| 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. | $254,558 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,093 |
| Pension plan accruals and contributions | $25,736 |
| Other employee benefits | $40,615 |
| Payroll taxes | $37,914 |
| Fees for services: Management | $31,271 |
| Fees for services: Legal | $32,024 |
| Fees for services: Accounting | $1,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,280 |
| Fees for services: Other | $2,336 |
| Advertising and promotion | $14,849 |
| Office expenses | $38,351 |
| Information technology | $25,073 |
| Royalties | $0 |
| Occupancy | $32,708 |
| Travel | $833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,324 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,110 |
| Insurance | $8,164 |
| All other expenses | $2,758 |
| Total functional expenses | $984,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,679,088 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,577 |
| 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 | $35,623 |
| Net Land, buildings, and equipment | $1,048,266 |
| Investments—publicly traded securities | $1,261,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,646 |
| Other assets | $0 |
| Total assets | $4,107,005 |
| Accounts payable and accrued expenses | $80,225 |
| Grants payable | $0 |
| Deferred revenue | $419,244 |
| 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 | $0 |
| Other liabilities | $444,875 |
| Total liabilities | $944,344 |
| Net assets without donor restrictions | $3,162,661 |
| 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 | $4,107,005 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michigan West Coast Chamber Of Commerce has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Edgar And Elsa Prince Foundation Holland, MI PURPOSE: OPERATING SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Usa Regional Chamber Cincinnati, OH | $21,203,474 | $18,734,397 |
Greater Columbus Convention & Visitors Bureau Columbus, OH | $8,565,444 | $15,584,006 |
Ann Arbor Spark Ann Arbor, MI | $15,665,812 | $11,784,140 |
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
Small Business Assoc Of Mich Lansing, MI | $1,798,183 | $7,497,354 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
Ohio Chamber Of Commerce Columbus, OH | $30,926,421 | $7,246,853 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Mibor Realtor Association Inc Indianapolis, IN | $12,276,320 | $5,134,664 |
Akron Convention And Visitors Bureau Inc Akron, OH | $6,460,224 | $5,523,217 |