Gaylord Area Chamber Of Commerce
- Assets
- $851.8k
- Revenue
- $479.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Gaylord, MI
- Founding
- 08/1948
- Data as of
- 12/2023
- EIN
- 38-1305387
Organization Overview
Gaylord Area Chamber Of Commerce is located in Gaylord, MI. The organization was established in 1948. 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 12/2023, Gaylord Area Chamber Of Commerce employed 3 individuals. This organization is the central organization for a national or regional group of organizations. Gaylord 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, Gaylord Area Chamber Of Commerce generated $479.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $388.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BUSINESS DEVELOPMENT OF OUR MEMBERS FOR A STRONGER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER CONTINUED TO PROMOTE ALL BUSINESS RELATIONSHIPS WITHIN THE GAYLORD, MI AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Gunderson Executive Director | Trustee | 40 | $54,270 |
Courtney Willits Past Chairperson | Trustee | 2 | $0 |
Brian Gertstenberger Secretary | Trustee | 2 | $0 |
Kevin Mckinnley Chairperson | Trustee | 2 | $0 |
Collin Wilson Director | Trustee | 2 | $0 |
Rachel Smith Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,910 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,150 |
| Total Program Service Revenue | $287,342 |
| Investment income | $7,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $479,292 |
| 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. | $54,270 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,663 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,677 |
| Payroll taxes | $9,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,497 |
| Office expenses | $9,266 |
| Information technology | $7,468 |
| Royalties | $0 |
| Occupancy | $4,508 |
| Travel | $375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,357 |
| Insurance | $7,673 |
| All other expenses | $28,864 |
| Total functional expenses | $388,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,920 |
| 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 | $15,938 |
| Net Land, buildings, and equipment | $351,859 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $851,785 |
| Accounts payable and accrued expenses | $4,310 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $64,616 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $700 |
| Total liabilities | $69,626 |
| Net assets without donor restrictions | $782,159 |
| 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 | $851,785 |