Redford Township Chamber Of Commerce
- Assets
- $299.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redford, MI
- Founding
- 05/1953
- Data as of
- 12/2021
- EIN
- 38-1906646
Organization Overview
Redford Township Chamber Of Commerce is located in Redford, MI. The organization was established in 1953. 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. Redford Township 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, Redford Township Chamber Of Commerce generated $126.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $131.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) 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 SUPPORT, PROMOTE AND PROTECT COMMERCIAL, PROFESSIONAL, FINANCIAL AND GENERAL BUSINESS INTERESTS OF REDFORD TOWNSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Swek Former Exec | 40 | $43,460 | |
Brian Wolverton Exec Directo | 40 | $25,366 | |
Brian Galdes Vice Preside | 0 | $0 | |
Christina Nietubicz Treasurer | 0 | $0 | |
Dan Newton Director | 0 | $0 | |
Jessica Leverenz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $39,871 |
| Membership dues | $41,810 |
| Investment income | $267 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,135 |
| Other Revenue | $35,938 |
| Total Revenue | $126,021 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,771 |
| Professional fees and other payments to independent contractors | $3,808 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $79,017 |
| Total expenses | $131,596 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $212,050 |
| Other assets | $0 |
| Total assets | $299,036 |
| Total liabilities | $49,236 |
| Net assets or fund balances | $249,800 |
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 |