Southfield Chamber Of Commerce
- Assets
- $25.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 06/1955
- Data as of
- 12/2022
- EIN
- 38-1887327
Organization Overview
Southfield Chamber Of Commerce is located in Southfield, MI. The organization was established in 1955. 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. Southfield 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 12/2022, Southfield Chamber Of Commerce generated $158.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $185.6k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROGRAMS GEARED TOWARD BUSINESS DEVELOPMENT AND PARTNERSHIPS EVEN THOUGH THE COVID CRISIS IMPACTED SOME OF THESE PROGRAMS. MEMBERSHIP GREW TO 258 FOR THE YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jasmine Patton Executive Director | 40 | $60,008 | |
Cindy Carr Chair | 2 | $0 | |
Devon Dallo Director | 1 | $0 | |
Dr Jennifer Green Director | 1 | $0 | |
Imana Minard Director | 1 | $0 | |
Baxter Hall Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,878 |
| Total Program Service Revenue | $36,524 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $158,403 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $68,360 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $18,428 |
| Printing, publications, postage, and shipping | $9,251 |
| Other expenses | $89,511 |
| Total expenses | $185,550 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,851 |
| Other assets | $0 |
| Total assets | $25,846 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,846 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southfield Chamber Of Commerce has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Ascension Southeast Michigan Community Health St Louis, MO PURPOSE: GENERAL SUPPORT | $8,750 |
Ascension Southeast Michigan Community Health St Louis, MO PURPOSE: GENERAL SUPPORT | $8,750 |
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 |