Chamber Foundation Inc
- Assets
- $80.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Owosso, MI
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 38-3583209
Organization Overview
Chamber Foundation Inc is located in Owosso, MI. The organization was established in 2001. 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. Chamber Foundation Inc 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 12/2021, Chamber Foundation Inc generated $1.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $3.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE A LEADERSHIP DEVELOPMENT PROGRAM FOR EXISTING AND EMERGING BUSINESS LEADERS. THE PROGRAM HELPS LEARN NEW LEADERSHIP SKILLS, COMMUNITY AWARENESS AND MEET BUSINESS PEOPLE FROM ALL PROFESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Brown Chair | 1 | $0 | |
Tom Campbell Vice Chair | 1 | $0 | |
Troy Napier Trustee | 1 | $0 | |
Paul Schluckebier Trustee | 1 | $0 | |
Catherine Stevenson Trustee | 1 | $0 | |
Lisa Seigel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $685 |
| Membership dues | $0 |
| Investment income | $388 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,073 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,910 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $224 |
| Total expenses | $3,134 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,076 |
| Other assets | $0 |
| Total assets | $80,076 |
| Total liabilities | $66,319 |
| Net assets or fund balances | $13,757 |
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 |