Harbor Country Chamber
- Assets
- $581.0k
- Revenue
- $179.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Three Oaks, MI
- Founding
- 02/1984
- Data as of
- 08/2023
- EIN
- 38-2489209
Organization Overview
Harbor Country Chamber is located in Three Oaks, MI. The organization was established in 1984. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 08/2023, Harbor Country Chamber employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor Country Chamber 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 08/2023, Harbor Country Chamber generated $179.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $171.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. 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 BUSINESS AND ECONOMIC DEVELOPMENT IN SW MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTIONS AND REFERRAL SERVICE FOR AREA BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcnabb Board Chair | OfficerTrustee | 2 | $0 |
Jessica Nance Vice-Chair | OfficerTrustee | 2 | $0 |
John Quackenbush Treasurer | OfficerTrustee | 2 | $0 |
Colleen Neubauer Secretary | OfficerTrustee | 2 | $0 |
Bob Sima Director | Trustee | 2 | $0 |
Erika Milovich Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,813 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $102,813 |
| Total Program Service Revenue | $59,514 |
| Investment income | $5,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,035 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,928 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,730 |
| 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 | $101,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $399 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,601 |
| Office expenses | $6,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,342 |
| Travel | $2,779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,818 |
| Insurance | $3,202 |
| All other expenses | $0 |
| Total functional expenses | $171,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,676 |
| Savings and temporary cash investments | $338,989 |
| 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 | $5,913 |
| Prepaid expenses and deferred charges | $4,538 |
| Net Land, buildings, and equipment | $229,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,048 |
| Accounts payable and accrued expenses | $4,195 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $30,484 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,337 |
| Total liabilities | $39,016 |
| Net assets without donor restrictions | $542,032 |
| 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 | $581,048 |