Ionia Area Chamber Of Commerce
- Assets
- $111.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ionia, MI
- Founding
- 12/1946
- Data as of
- 12/2023
- EIN
- 38-0680235
Organization Overview
Ionia Area Chamber Of Commerce is located in Ionia, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ionia 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 12/2023, Ionia Area Chamber Of Commerce generated $99.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $98.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Hansen Executive Di | 40 | $60,000 | |
Lynnelle Wilson Executive Di | 0 | $0 | |
Ashley Brownell President | 2 | $0 | |
Abbigail Stalker Vice Preside | 2 | $0 | |
Amy Herbruck Treasurer | 2 | $0 | |
Steve Hodgkins Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,934 |
| Membership dues | $59,575 |
| Investment income | $614 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $26,996 |
| Other Revenue | $6,879 |
| Total Revenue | $98,998 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $71,730 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,858 |
| Printing, publications, postage, and shipping | $374 |
| Other expenses | $24,263 |
| Total expenses | $98,225 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,358 |
| Other assets | $0 |
| Total assets | $111,700 |
| Total liabilities | $9,016 |
| Net assets or fund balances | $102,684 |