Redford Township Chamber Of Commerce
- Assets
- $295.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redford, MI
- Founding
- 05/1953
- Data as of
- 12/2022
- 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 12/2022, Redford Township Chamber Of Commerce generated $126.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $127.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 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
2022
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 |
|---|---|---|---|
Tim Young President | 2 | $0 | |
Brian Galdes Vice Preside | 2 | $0 | |
Christina Nietubicz Treasurer | 2 | $0 | |
Tim Young Secretary | 2 | $0 | |
Tom Karabatakis Director | 1 | $0 | |
Jessica Leverenz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $35,334 |
| Membership dues | $41,004 |
| Investment income | $232 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,581 |
| Other Revenue | $45,497 |
| Total Revenue | $126,648 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,748 |
| Professional fees and other payments to independent contractors | $5,490 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $84,954 |
| Total expenses | $127,192 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $205,878 |
| Other assets | $0 |
| Total assets | $295,550 |
| Total liabilities | $46,289 |
| Net assets or fund balances | $249,261 |