Greater Albion Chamber Of Commerce is located in Albion, MI. The organization was established in 1975. 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. Greater Albion 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 12/2021, Greater Albion Chamber Of Commerce generated $144.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $137.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO FOSTER AND PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER ALBION AREA BY HOLDING MEETINGS, CIRCULATING PUBLICATIONS/INFORMATION, AND ORGANIZING/ARRANGING EVENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brandy Eggleston Secrectary | 0 | $0 | |
Gary Grigowski Treasurer | 0 | $0 | |
Kelly Rice Director | 0 | $0 | |
Amy Reimann Chairperson | 0 | $0 | |
Jen Bomba Director | 0 | $0 | |
Rob Reed Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $24,720 |
Total Program Service Revenue | $119,713 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $144,433 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $39,546 |
Professional fees and other payments to independent contractors | $5,883 |
Occupancy, rent, utilities, and maintenance | $4,810 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $87,526 |
Total expenses | $137,765 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $84,981 |
Other assets | $0 |
Total assets | $87,650 |
Total liabilities | $19,364 |
Net assets or fund balances | $68,286 |
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