Buchanan Area Chamber Of Commerce
- Assets
- $38.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Buchanan, MI
- Founding
- 09/1966
- Data as of
- 12/2023
- EIN
- 38-6114052
Organization Overview
Buchanan Area Chamber Of Commerce is located in Buchanan, MI. The organization was established in 1966. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buchanan 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 12/2023, Buchanan Area Chamber Of Commerce generated $31.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $26.1k during the year ending 12/2023. While expenses have increased by 5.1% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fran Terry President | 1 | $0 | |
Karol Behrle Vice Preside | 1 | $0 | |
Ralph Mcdonald Jr Treasurer | 1 | $0 | |
Stacey Martin Secretary | 1 | $0 | |
Ted Chase Director | 1 | $0 | |
Patricia Robinson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $261 |
| Total Program Service Revenue | $0 |
| Membership dues | $17,421 |
| Investment income | $271 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,544 |
| Other Revenue | $0 |
| Total Revenue | $31,497 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,472 |
| Professional fees and other payments to independent contractors | $1,670 |
| Occupancy, rent, utilities, and maintenance | $2,280 |
| Printing, publications, postage, and shipping | $177 |
| Other expenses | $5,453 |
| Total expenses | $26,052 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,412 |
| Other assets | $0 |
| Total assets | $38,412 |
| Total liabilities | $0 |
| Net assets or fund balances | $38,412 |