Tecumseh Area Chamber Of Commerce
- Assets
- $89.7k
- Revenue
- $284.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Tecumseh, MI
- Founding
- 08/1980
- Data as of
- 12/2023
- EIN
- 38-2303509
Organization Overview
Tecumseh Area Chamber Of Commerce is located in Tecumseh, MI. The organization was established in 1980. 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. As of 12/2023, Tecumseh Area Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tecumseh Area 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, Tecumseh Area Chamber Of Commerce generated $284.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $340.6k during the year ending 12/2023. While expenses have increased by 19.2% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE LENAWEE COUNTY AREA BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT FUNDRAISING ACTIVITIES TO PROMOTE LENAWEE BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Tsuji Chair | Officer | 2 | $0 |
Tino Rebottao Vice Chair | Officer | 1 | $0 |
Alisha Morton Secretary | Officer | 1 | $0 |
Todd Warner Treasurer | Officer | 1 | $0 |
Breece Kelly Director | Trustee | 1 | $0 |
Cinnamon Berna Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $105,036 |
| Fundraising events | $171,470 |
| Related organizations | $0 |
| Government grants | $110 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,616 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $956 |
| Fees for services: Accounting | $7,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,488 |
| Office expenses | $5,178 |
| Information technology | $6,048 |
| Royalties | $0 |
| Occupancy | $15,322 |
| Travel | $3,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,639 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,133 |
| Insurance | $906 |
| All other expenses | $0 |
| Total functional expenses | $340,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,999 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,714 |
| Accounts payable and accrued expenses | -$300 |
| Grants payable | $0 |
| Deferred revenue | -$7,256 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $24,794 |
| Other liabilities | $0 |
| Total liabilities | $17,238 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $72,476 |
| Total liabilities and net assets/fund balances | $89,714 |