Chamber Of Commerce Grand Haven Spring Lake Ferrysburg
- Assets
- $1.1m
- Revenue
- $851.6k
- Investments
- $0.0
- Employees
- 19
- Location
- Grand Haven, MI
- Founding
- 03/1984
- Data as of
- 03/2024
- EIN
- 38-2467974
Organization Overview
Chamber Of Commerce Grand Haven Spring Lake Ferrysburg is located in Grand Haven, MI. The organization was established in 1984. 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 03/2024, Chamber Of Commerce Grand Haven Spring Lake Ferrysburg employed 19 individuals. This organization is the central organization for a national or regional group of organizations. Chamber Of Commerce Grand Haven Spring Lake Ferrysburg 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 03/2024, Chamber Of Commerce Grand Haven Spring Lake Ferrysburg generated $851.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $940.9k during the year ending 03/2024. While expenses have increased by 2.6% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE BUSINESS, INDUSTRY, AND TOURISM FOR THE COMMON BETTERMENT OF THE WHOLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SEMINARS ON VARIOUS TOPICS OF INTEREST TO AREA BUSINESS PERSONS PROMOTING INDUSTRIAL AND ECONOMIC DEVELOPMENT AND PROVIDING INFORMATION FOR THE BENEFIT OF AREA BUSINESSES.
PROVIDE ASSISTANCE AND UNDERWRITING FOR THE NW OTTAWA ECONOMIC DEVELOPMENT CORP, WHICH SEEKS TO PROMOTE THE GENERAL WELFARE OF THE PEOPLE, BUSINESS, AND INDUSTRY IN NORTHWEST OTTAWA COUNTY.
ASSIST AND SPONSOR VARIOUS COMMUNITY EVENTS DESIGNED TO ATTRACT TOURISM AND INCREASE COMMERCIAL ACTIVITY. EVENTS INCLUDED AN ART SHOW, CRAFT FAIR, FARMERS MARKET AND GOLF OUTING.
COMMUNITY DINNER - MANY AREA BUSINESS PERSONS BENEFIT FROM ASSOCIATION WITH ONE ANOTHER TO FURTHER THEIR COMMON BUSINESS INTERESTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Allen President | Officer | 40 | $80,385 |
Dave Jerovsek Executive Di | OfficerTrustee | 2.5 | $0 |
Cara Galbavi Executive Di | OfficerTrustee | 2.5 | $0 |
Pete Klahorst Executive Di | OfficerTrustee | 2.5 | $0 |
Christopher Peel Executive Di | OfficerTrustee | 2.5 | $0 |
Sharon Behm Executive Di | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,266 |
| Noncash contributions included in lines 1a–1f | $750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,266 |
| Total Program Service Revenue | $719,705 |
| Investment income | $4,636 |
| 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 | $851,607 |
| 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. | $137,450 |
| Compensation of current officers, directors, key employees. | $137,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $366,591 |
| Pension plan accruals and contributions | $8,799 |
| Other employee benefits | $37,186 |
| Payroll taxes | $39,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $630 |
| Office expenses | $23,878 |
| Information technology | $22,462 |
| Royalties | $0 |
| Occupancy | $40,146 |
| Travel | $2,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,049 |
| Interest | $140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,557 |
| Insurance | $0 |
| All other expenses | $25,076 |
| Total functional expenses | $940,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,388 |
| Savings and temporary cash investments | $211,411 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151,831 |
| 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 | $18,609 |
| Net Land, buildings, and equipment | $82,850 |
| Investments—publicly traded securities | $139,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,661 |
| Total assets | $1,063,421 |
| Accounts payable and accrued expenses | $302,606 |
| Grants payable | $0 |
| Deferred revenue | $472,565 |
| 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 | $0 |
| Other liabilities | $230,332 |
| Total liabilities | $1,005,503 |
| Net assets without donor restrictions | $57,918 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,063,421 |