Howell Chamber Of Commerce
- Assets
- $447.8k
- Revenue
- $371.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Howell, MI
- Founding
- 08/1950
- Data as of
- 12/2020
- EIN
- 38-1323751
Organization Overview
Howell Chamber Of Commerce is located in Howell, MI. The organization was established in 1950. 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 12/2020, Howell Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Howell 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 12/2020, Howell Chamber Of Commerce generated $371.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $434.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AS A MEMBERSHIP ORGANIZATION, THE CHAMBER FOSTERS, SUPPORTS, AND IS A CATALYST FOR A STRONG AND DIVERSE BUSINESS BASE THROUGH PROGRAMS THAT PROMOTE A VIABLE BUSINESS ENVIROMENT; A HIGH QUALITY OF LIFE; AND, AN EXCEPTIONAL COMMUNITY IN THE HOWELL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHIGAN CHALLENGE BALLOON FEST - A SPECIAL EVENT CREATED TO SHOWCASE AND PROMOTE THE HOWELL AREA COMMUNITY THROUGH FAMILY ACTIVITIES.
SPECIAL PROJECTS CONSISTING OF: 1) THE ANNUAL DINNER 2) EDUCATIONAL AND BUSINESS MEETINGS 3) FARMER'S MARKET 4) SEMINARS 5) GOLF OUTING 6) HOME SHOW DESIGNED TO PROVIDE OPPORTUNITIES FOR LOCAL BUSINESS PEOPLE TO MEET AND NETWORK IN A CASUAL SETTING. THESE EVENTS FOSTER THE DEVELOPMENT OF THE BUSINESS COMMUNITY IN THE HOWELL AREA
MEMBERSHIP PROGRAMS INCLUDE OPPORTUNITIES FOR MARKETING AND EXPOSURE; NETWORKING EVENTS; EDUCATIONAL OPPORTUNITIES; DISCOUNTS OF PRODUCT AND SERVICES IN THE HOWELL AREA; AND, CHAMBER GUIDE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janelle Best President | Officer | 50 | $102,667 |
Ashley Prew Chair | Officer | 0.5 | $0 |
Catherine Daniel Treasurer | Officer | 0.5 | $0 |
Candy Jones-Guerin Past Chair | Officer | 0.5 | $0 |
John O'malley Secretary | Officer | 0.5 | $0 |
Alan Shevela Vice Chair | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,730 |
| Total Program Service Revenue | $337,106 |
| Investment income | $277 |
| 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 | $371,816 |
| 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. | $102,667 |
| Compensation of current officers, directors, key employees. | $14,373 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,170 |
| Pension plan accruals and contributions | $1,406 |
| Other employee benefits | $7,135 |
| Payroll taxes | $16,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,387 |
| Office expenses | $13,644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50 |
| Interest | $62 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,115 |
| Insurance | $8,056 |
| All other expenses | $47,769 |
| Total functional expenses | $434,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,746 |
| Savings and temporary cash investments | $262,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,287 |
| 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 | $3,872 |
| Net Land, buildings, and equipment | $2,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $447,766 |
| Accounts payable and accrued expenses | $10,776 |
| Grants payable | $0 |
| Deferred revenue | $137,870 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $149,900 |
| 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 | $0 |
| Total liabilities | $298,546 |
| Net assets without donor restrictions | $149,220 |
| 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 | $447,766 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Howell Chamber Of Commerce has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Hanover Insurance Group Foundation Inc Worcester, MA PURPOSE: CHARITABLE CONTRIBUTION | $11,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |