Chamber Of Commerce Of Novi Michigan, operating under the name Novi Chamber Of Commerce, is located in Novi, MI. The organization was established in 1990. 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 12/2021, Novi Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novi 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, Novi Chamber Of Commerce generated $177.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $193.0k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE EDUCATIONAL OPPORTUNITIES AND SMALL SOCIAL NETWORKING FOR OUR MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John O'brien Director | 5 | $0 | |
Sheryl Walsh-Molloy Director | 5 | $0 | |
Bryan Smith Chairman | 5 | $0 | |
Mike Mckinney Treasurer | 5 | $0 | |
Keith Tappan Director | 5 | $0 | |
Nina Thekdi Director | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $124,028 |
Total Program Service Revenue | $53,551 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $177,579 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $2,738 |
Occupancy, rent, utilities, and maintenance | $20,989 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $169,260 |
Total expenses | $192,987 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $107,026 |
Other assets | $0 |
Total assets | $210,161 |
Total liabilities | $0 |
Net assets or fund balances | $210,161 |
Over the last fiscal year, we have identified 1 grants that Chamber Of Commerce Of Novi Michigan has recieved totaling $5,600.
Awarding Organization | Amount |
---|---|
Ascension Southeast Michigan Community Health St Louis, MO PURPOSE: GENERAL PURPOSE | $5,600 |
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 |