Muskegon Lakeshore Chamber Of Commerce
- Assets
- $2.3m
- Revenue
- $1.2m
- Investments
- $819.0k
- Employees
- 10
- Location
- Muskegon, MI
- Founding
- Data as of
- 12/2021
- EIN
- 38-2827380
Organization Overview
Muskegon Lakeshore Chamber Of Commerce is located in Muskegon, MI. As of 12/2021, Muskegon Lakeshore Chamber Of Commerce employed 10 individuals. Muskegon Lakeshore 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, Muskegon Lakeshore Chamber Of Commerce generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMBER PROGRAMS/SERVICES, ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - PROVIDE ASSISTANCE TO BUSINESSES THROUGH MEMBERSHIP PROGRAMS, PROMOTION, AND NETWORKING OPPORTUNITIES.
BUSINESS & COMMUNITY EVENTS - CONDUCT EVENTS PROMOTING THE COMMUNITY, MEMBER BUSINESSES AND RELATED SERVICES & PRODUCTS IN EFFORTS TO STRENGTHEN THE BUSINESS CLIMATE AND PROMOTE ECONOMIC DEVELOPMENT.
ECONOMIC DEVELOPMENT - ACTIVE IN RETENTION OF EXISTING INDUSTRIAL BASE AND ATTRACTING NEW INDUSTRY AND COMMERCE.
OTHER ACHIEVEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Larsen President | OfficerTrustee | 40 | $167,324 |
Randy Filbrandt Treasurer | OfficerTrustee | 0 | $0 |
Dave Hazekamp Chair | OfficerTrustee | 0 | $0 |
Anna Duggins Secretary | OfficerTrustee | 0 | $0 |
Shawn Buckner Vice Chair | OfficerTrustee | 0 | $0 |
Paul Kendra Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,795 |
| 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 | $86,795 |
| Total Program Service Revenue | $969,623 |
| Investment income | $137,461 |
| 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 | $1,208,543 |
| 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 | $589,284 |
| Pension plan accruals and contributions | $14,762 |
| Other employee benefits | $55,159 |
| Payroll taxes | $42,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30 |
| Fees for services: Accounting | $212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,665 |
| Office expenses | $2,627 |
| Information technology | $10,543 |
| Royalties | $0 |
| Occupancy | $72,522 |
| Travel | $765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,522 |
| Insurance | $4,736 |
| All other expenses | $75,588 |
| Total functional expenses | $1,098,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140 |
| Savings and temporary cash investments | $954,990 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $452,481 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $819,014 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,282,243 |
| Accounts payable and accrued expenses | $11,422 |
| Grants payable | $0 |
| Deferred revenue | $134,738 |
| 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 | $274,354 |
| Total liabilities | $420,514 |
| Net assets without donor restrictions | $531,531 |
| Net assets with donor restrictions | $1,330,198 |
| 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 | $2,282,243 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Muskegon Lakeshore Chamber Of Commerce has recieved totaling $67,460.
| Awarding Organization | Amount |
|---|---|
Muskegon Area Chamber Of Commerce Foundation Muskegon, MI PURPOSE: PROGRAM SERVICES | $67,460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Community Legal Services Inc Philadelphia, PA | $20,694,601 | $20,774,549 |
Southern Painters Welfare Fund Pittsburgh, PA | $17,172,930 | $23,602,516 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |