Rhinelander Chamber Of Commerce
- Assets
- $316.6k
- Revenue
- $213.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Rhinelander, WI
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 39-0567510
Organization Overview
Rhinelander Chamber Of Commerce is located in Rhinelander, WI. The organization was established in 1990. 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, Rhinelander Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhinelander 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, Rhinelander Chamber Of Commerce generated $213.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $206.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
THE RACC IS ORGANIZED TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE RHINELANDER AREA SO THAT CITIZENS IN ALL AREAS OF THE BUSINESS COMMUNITY SHALL PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RHINELANDER AREA GUIDE BOOK - PROVIDES VISITORS AND RESIDENTS IN THE RHINELANDER AREA INFORMATION ABOUT THE EVENTS, ACTIVITIES, BUSINESSES AND THE COMMUNITY. THE BOOK INCLUDES A LISTING FOR EVERY CHAMBER MEMBER BUSINESS. EXPENSES FOR THE BOOK INCLUDE PRODUCTION AND DISTRIBUTION. REVENUE FOR THE BOOK IS MADE THROUGH ADVERTISING SALES.
BUSINESS AFTER 5 - IS HELD MONTHLY FOR AREA BUSINESS MEMBERS. EACH EVENT IS HOSTED BY A CHAMBER MEMBER AND IS A TIME FOR BUSINESS PEOPLE TO RELAX, MEET NEW PEOPLE, AND EXPAND THEIR BUSINESS NETWORK. THE EVENTS MOST OFTEN INCLUDES FOOD, ENTERTAINMENT, AND RAFFLE PRIZES. THE COST TO THE CHAMBER INCLUDES ADVERTISING AND POSTAGE. REVENUE IS FROM SPONSORSHIPS.
LEADERSHIP ONEIDA COUNTY - IS FOR ONEIDA COUNTY RESIDENTS TO LEARN ABOUT THE COMMUNITY AND LEADERSHIP OPPORTUNITIES WITHIN THE COMMUNITY. THE PROGRAM IS A 9-MONTH PROGRAM AND IS LIMITED TO 20 PARTICIPANTS IN EACH CLASS. THE EXPENSES FOR THE PROGRAM INCLUDE TRANSPORTATION FOR THE PROGRAM DAYS, FOOD, AND VARIOUS SUPPLIES. REVENUE IS FROM SPONSORSHIPS.
YOUNG PROFESSIONALS GROUP - MEETS ONCE A MONTH AND IS FOR YOUNG PROFESSIONALS IN THE AREA. MUCH LIKE THE BUSINESS AFTER 5 PROGRAM, THIS PROGRAM ALLOWS A TIME FOR FUN, NETWORKING AND EDUCATION. EXPENSES FOR THIS PROGRAM INCLUDE FOOD, ENTERTAINMENT, AND RENTAL OF LOCATIONS. REVENUE IS FROM SPONSORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Krebsbach Past President | OfficerTrustee | 1.5 | $0 |
Diane Sowinski President | OfficerTrustee | 3 | $0 |
Connor Showalter Treasurer | OfficerTrustee | 1.5 | $0 |
Steve Shanks Vice President #1 | OfficerTrustee | 1.5 | $0 |
Liz Cochrane Director | OfficerTrustee | 1.5 | $0 |
Andy Hildebrand Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $89,782 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,428 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,606 |
| Total Program Service Revenue | $50,299 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$11,682 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,527 |
| 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. | $44,962 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $63,760 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,113 |
| Payroll taxes | $8,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,367 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,425 |
| Office expenses | $18,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,326 |
| Travel | $105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,009 |
| Interest | $644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,868 |
| Insurance | $5,370 |
| All other expenses | $0 |
| Total functional expenses | $206,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,516 |
| Savings and temporary cash investments | $32,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,742 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,297 |
| Prepaid expenses and deferred charges | $21,382 |
| Net Land, buildings, and equipment | $106,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $316,592 |
| Accounts payable and accrued expenses | $14,259 |
| 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 | $4,922 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,181 |
| Net assets without donor restrictions | $297,411 |
| 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 | $316,592 |
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