Portage Chamber Of Commerce
- Assets
- $153.5k
- Revenue
- $274.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Portage, WI
- Founding
- 01/1941
- Data as of
- 12/2021
- EIN
- 39-0545695
Organization Overview
Portage Chamber Of Commerce is located in Portage, WI. The organization was established in 1941. 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 12/2021, Portage Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portage 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, Portage Chamber Of Commerce generated $274.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $276.5k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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
PROMOTION OF PORTAGE AREA COMMERCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PROGRAMS - MANUFACTURING, PROFESSIONAL, RETAIL, TOURISM, HOSPITALITY, JOB FAIR, BID DISTRICT, VIDEO, ECONOMIC DEVELOPMENT & LEGISLATIVE AFFAIRS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Michaels Board Vice-C | Officer | 1 | $0 |
Marianne Hanson President & | Officer | 40 | $0 |
Mary Rose Strickland Board Chair | Officer | 1 | $0 |
Polly Koepp Board Treasu | Officer | 1 | $0 |
Andi Anderson Board Member | Trustee | 1 | $0 |
Eric Sluga Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $75,155 |
| Fundraising events | $1,850 |
| Related organizations | $0 |
| Government grants | $74,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,273 |
| Total Program Service Revenue | $50,352 |
| Investment income | $182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,780 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,439 |
| 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 | $117,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $500 |
| Payroll taxes | $9,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,942 |
| Office expenses | $14,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,688 |
| Travel | $1,339 |
| 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 | $43 |
| Insurance | $5,469 |
| All other expenses | $11,461 |
| Total functional expenses | $276,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,800 |
| Savings and temporary cash investments | $140,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,850 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158 |
| Total assets | $153,544 |
| Accounts payable and accrued expenses | $25,187 |
| 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 | $0 |
| Total liabilities | $25,187 |
| Net assets without donor restrictions | $0 |
| 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 | $128,357 |
| Total liabilities and net assets/fund balances | $153,544 |
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