Greater Romeo-Washington Chamber Of Commerce Inc is located in Romeo, MI. The organization was established in 2003. 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, Greater Romeo-Washington Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Romeo-Washington Chamber Of Commerce Inc 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, Greater Romeo-Washington Chamber Of Commerce Inc generated $79.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $82.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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 Mission:
Part 3 - Line 1
BUSINESS GROWTH & DEVELOPMENT
Describe the Organization's Program Activity:
Part 3
SEVERAL NETWORKING OPPORTUNITIES TO PROMOTE BUSINESS GROWTH AND RECOGNIZE COMMUNITY ACHEVEMENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kelly Stephens Executive Director | 23 | $25,625 | |
Debra Sisco Admin Assistant | 13 | $7,881 | |
Stephen Balsam President | 1 | $0 | |
Joseph Worden President Elect | 1 | $0 | |
Donna Aul Treasurer | 1 | $0 | |
Joe Brewer Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $40,767 |
Investment income | $93 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $16,964 |
Other Revenue | $21,761 |
Total Revenue | $79,585 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $33,505 |
Professional fees and other payments to independent contractors | $3,213 |
Occupancy, rent, utilities, and maintenance | $12,883 |
Printing, publications, postage, and shipping | $5,352 |
Other expenses | $19,189 |
Total expenses | $82,392 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $65,609 |
Other assets | $0 |
Total assets | $68,580 |
Total liabilities | $21,734 |
Net assets or fund balances | $46,846 |
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