Keweenaw Peninsula Chamber Of Commerce is located in Houghton, MI. The organization was established in 1960. 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. Keweenaw Peninsula 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, Keweenaw Peninsula Chamber Of Commerce generated $106.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $94.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) 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
PROMOTE BUSINESS AND THE GENERAL WELFARE OF HOUGHTON & KEWEENAW COUNTIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Desrochers Treasurer | 2.5 | $0 | |
Mary Myers President | 2.5 | $0 | |
Jan Cole Vice Preside | 2.5 | $0 | |
Todd Gast Director | 2.5 | $0 | |
Shannon Vairo Director | 2.5 | $0 | |
Erik Copeland Director | 2.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $1,300 |
Membership dues | $96,116 |
Investment income | $573 |
Gain or Loss | $481 |
Net Income from Gaming & Fundraising | $482 |
Other Revenue | $7,702 |
Total Revenue | $106,654 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $51,045 |
Professional fees and other payments to independent contractors | $4,571 |
Occupancy, rent, utilities, and maintenance | $7,803 |
Printing, publications, postage, and shipping | $1,124 |
Other expenses | $30,132 |
Total expenses | $94,675 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $141,351 |
Other assets | $0 |
Total assets | $154,004 |
Total liabilities | $54,461 |
Net assets or fund balances | $99,543 |
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