Howell Area Chamber Of Commerce Foundation
- Assets
- $338.8k
- Revenue
- $33.5k
- Investments
- $12.2k
- Employees
- 0
- Location
- Howell, MI
- Founding
- 01/1995
- Data as of
- 12/2020
- EIN
- 38-3187469
Organization Overview
Howell Area Chamber Of Commerce Foundation is located in Howell, MI. The organization was established in 1995. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Howell Area Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Howell Area Chamber Of Commerce Foundation generated $33.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $44.0k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE HOWELL AREA CHAMBER OF COMMERCE FOUNDATION RECEIVES AND ADMINISTERS FUNDS FOR EDUCATIONAL, CULTURAL, SCIENTIFIC, AND CHARITABLE PURPOSES FOR THE PUBLIC WELFARE OF THE LIVINGSTON COUNTY COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FANTASY OF LIGHTS PARADE - HIGHLIGHTS THE HISTORY AND CULTURE OF DOWNTOWN HOWELL, MICHIGAN VIA A YEAR-END HOLIDAY SEASON PARADE AND ACTIVITIES
STARKEY SCHOLARSHIP - SCHOLARSHIPS ARE AWARDED TO NON-TRADITIONAL STUDENTS WHO ARE ADVANCING THEIR EDUCATION WHILE WORKING. THE NUMBER OF SCHOLARSHIPS AWARDED DEPENDS UPON THE NUMBER OF APPLICANTS AND FUNDS AVAILABLE.
EDUCATIONAL PROGRAMS - THE FOUNDATION PRESENTS VARIOUS EDUCATIONAL PROGRAMS FOR THE PUBLIC AT LARGE. SEVERAL PROGRAMS PROVIDE ANNUAL UPDATES OF LEGAL OR BUSINESS REQUIREMENTS AND OTHERS ARE OF A CURRENT ISSUES/CULTURAL AFFAIRS MESSAGE ENHANCEMENT OF THE LIVINGSTON COUNTY VETERANS MEMORIAL AND ESTABLISHMENT OF THE ZEMP MEMORIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Daniel Treasurer | Officer | 3 | $0 |
Janelle Best President | Officer | 3 | $0 |
Candy Jones-Guerin Chair | Officer | 3 | $0 |
John O'malley Secretary | Officer | 3 | $0 |
Ashley Prew Vice Chair | Officer | 3 | $0 |
Alan Shevela Director | Trustee | 3 | $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 | $37,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,500 |
| Total Program Service Revenue | $19,910 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$28,990 |
| 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 | $33,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,412 |
| All other expenses | $628 |
| Total functional expenses | $44,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,901 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,273 |
| 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 | $2,414 |
| Net Land, buildings, and equipment | $256,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,211 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,836 |
| Accounts payable and accrued expenses | $3,173 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,911 |
| Total liabilities | $43,084 |
| Net assets without donor restrictions | $295,752 |
| 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 | $338,836 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Howell Area Chamber Of Commerce Foundation has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
Ann Arbor Spark Ann Arbor, MI PURPOSE: COVID RELIEF | $10,000 |
Dte Energy Foundation Detroit, MI PURPOSE: COMMUNITY TRANSFORMATION | $3,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: LOCAL COVID-19 RELIEF EFFORT | $500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |
Alexander And Sarah Cutler Family Foundation Gates Mills, OH | $2,958,061 | $1,879,230 |
Clyde And Maycel Clark Foundation Inc Portsmouth, OH | $18,068,185 | $1,230,534 |
Scotts Miracle-Gro Foundation Marysville, OH | $2,069,071 | $1,768,884 |
Book Industry Charitable Foundation Ann Arbor, MI | $3,616,056 | $2,208,751 |