Clare Chamber Of Commerce
- Assets
- $84.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clare, MI
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 38-1804240
Organization Overview
Clare Chamber Of Commerce is located in Clare, MI. The organization was established in 1997. 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. Clare 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, Clare Chamber Of Commerce generated $96.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $71.6k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE CLARE AREA CHAMBER OF COMMERCE IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE COMMERCIAL, INDUSTRIAL, CIVIC AND GENERAL INTEREST OF CLARE COUNTY AND THE TRADE AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Dubois Boy Executive Director | 40 | $11,538 | |
Lori Schuh Clare County Cvb Represent | 1 | $6,720 | |
Scott Mertes Mid Michigan College Repre | 1 | $0 | |
Jennifer Dancer Vice President | 1 | $0 | |
Jim Walter Clare Public Schools Repre | 1 | $0 | |
Dean Doherty Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $715 |
| Total Program Service Revenue | $10,350 |
| Membership dues | $49,396 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $35,648 |
| Other Revenue | $1 |
| Total Revenue | $96,110 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,554 |
| Professional fees and other payments to independent contractors | $250 |
| Occupancy, rent, utilities, and maintenance | $3,146 |
| Printing, publications, postage, and shipping | $2,665 |
| Other expenses | $16,940 |
| Total expenses | $71,555 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,560 |
| Other assets | $0 |
| Total assets | $84,560 |
| Total liabilities | $37,236 |
| Net assets or fund balances | $47,324 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clare Chamber Of Commerce has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Middle Michigan Development Corporation Mt Pleasant, MI PURPOSE: COVID-19 RELIEF | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Truck Equipment Association Farmington Hills, MI | $27,097,486 | $13,173,388 |
National Precast Concrete Association Inc Carmel, IN | $13,896,863 | $10,585,314 |
Indiana Underground Plant Protection Service Inc Greenwood, IN | $23,524,907 | $10,120,104 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Indy Championships Fund Inc Indianapolis, IN | $6,870,300 | $5,470,881 |
Cincinnati Usa Regional Chamber Foundation Cincinnati, OH | $5,241,564 | $8,994,630 |
United States Auto Club Inc Speeway, IN | $9,462,749 | $8,803,696 |