Southfield Chamber Of Commerce
- Assets
- $9.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 06/1955
- Data as of
- 12/2023
- 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 12/2023, Southfield Chamber Of Commerce generated $144.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $175.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
PROGRAMS GEARED TOWARD BUSINESS DEVELOPMENTS AND PARTNERSHIPS IN THE SUTHFIELD AREA. MEMBERSHIP GREW TO 300 MEMBERS VERSUS 258 IN THE PRIOR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Carr President | 1 | $0 | |
Lonnie Edwards Past Chair | 1 | $0 | |
Linda Height Treasurer | 2 | $0 | |
Ruth Aaronson Director | 1 | $0 | |
Devon Dallo Director | 1 | $0 | |
Imana Minard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $54,154 |
| Membership dues | $89,985 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $144,139 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,656 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $23,673 |
| Printing, publications, postage, and shipping | $7,741 |
| Other expenses | $79,337 |
| Total expenses | $175,407 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,577 |
| Other assets | $0 |
| Total assets | $9,577 |
| Total liabilities | $15,000 |
| Net assets or fund balances | -$5,423 |