Lowell Area Chamber Of Commerce
- Assets
- $239.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Lowell, MI
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 38-2847452
Organization Overview
Lowell Area Chamber Of Commerce is located in Lowell, MI. The organization was established in 2000. 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 12/2022, Lowell Area Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowell Area 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 12/2022, Lowell Area Chamber Of Commerce generated $199.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $169.9k during the year ending 12/2022. While expenses have increased by 0.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMERCE AND COMMUNITY HARMONY
Describe the Organization's Program Activity:
Part 3
STAFF VISITOR CENTER WHERE APPROXIMATELY 1,000 VISITORS RECEIVED INFORMATION AND FACILITY ENJOYMENT
PROVIDE APPROXIMATELY 20 BUSINESS NETWORKING OPPORTUNITIES THROUGH MEETINGS AND OPEN HOUSE EVENTS
SPONSOR APPROXIMATELY 20 COMMUNITY EVENTS DRAWING APPROXIMATELY 10,000 CITIZENS AND VISITORS TO THE DOWNTOWN AREA. THESE EVENTS PROMOTE AREA BUSINESS AND COMMUNITY HARMONY
SPONSOR OF TRAINING PROGRAMS WHICH PROVIDE TRAINING AND SUPPORT TO BUSINESSES AND COMMUNITY VOLUNTEERS
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 |
|---|---|---|---|
Lou D'agostino Board Member | 0 | $0 | |
Ian Deming Vice President | 0 | $0 | |
Patrick Doyle President | 0 | $0 | |
Julie Dykhouse Board Member | 0 | $0 | |
Dave Emmette Board Member | 0 | $0 | |
Paul Mundt Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,116 |
| Total Program Service Revenue | $66,954 |
| Membership dues | $50,420 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,459 |
| Other Revenue | $0 |
| Total Revenue | $198,966 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $83,184 |
| Professional fees and other payments to independent contractors | $18,050 |
| Occupancy, rent, utilities, and maintenance | $7,059 |
| Printing, publications, postage, and shipping | $6,127 |
| Other expenses | $55,491 |
| Total expenses | $169,911 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $239,350 |
| Other assets | $0 |
| Total assets | $239,350 |
| Total liabilities | $54,430 |
| Net assets or fund balances | $184,920 |