Sheboygan County Chamber Of Commerce Inc
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Sheboygan, WI
- Founding
- 09/1942
- Data as of
- 12/2023
- EIN
- 39-0610430
Organization Overview
Sheboygan County Chamber Of Commerce Inc is located in Sheboygan, WI. The organization was established in 1942. 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 12/2023, Sheboygan County Chamber Of Commerce Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheboygan County Chamber Of Commerce Inc 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, Sheboygan County Chamber Of Commerce Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $864.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SHEBOYGAN COUNTY BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. THE CHAMBER ENGAGED ITS 750 PLUS MEMBER ORGANIZATIONS IN A VARIETY OF EVENTS SUCH AS THE CHAMBER CHAMPIONS GALA, THE ATHENA LEADERSHIP AWARD LUNCHEON AND THE WORKFORCE DEVELOPMENT SYMPOSIUM. THE CHAMBER ALSO ENGAGED ITS MEMBERSHIP IN A VARIETY OF EDUCATIONAL EVENTS INCLUDING THE BI-MONTHLY FOCAL POINT SERIES, QUARTERLY EXECUTIVE SERIES AND MONTHLY FIRST FRIDAY FORUMS.2. BECAUSE OUR COUNTY BUSINESSES ARE FACED WITH A SIGNIFICANT NEED FOR NEW EMPLOYEES, THE CHAMBER CONTINUED KEY WORKFORCE DEVELOPMENT INITIATIVES TO ATTRACT, DEVELOP AND RETAIN WORKERS AT ALL LEVELS. THIS INCLUDED COASTAL YOUNG PROFESSIONALS, EXPLORE YOUR FUTURE, WHICH ENGAGED 1,200 SHEBOYGAN COUNTY SOPHOMORES EXPOSING OUR STUDENTS TO THE DIFFERENT INDUSTRIES AND OPPORTUNITIES IN OUR COUNTY, AND LEADERSHIP SHEBOYGAN COUNTY, A YEAR-LONG LEADERSHIP DEVELOPMENT PROGRAM. 3. THE CHAMBER ACTIVELY PROMOTES INDIVIDUAL BUSINESSES AND COLLECTIVE BUSINESS EFFORTS THROUGH ITS ELECTRONIC COMMUNICATION, SOCIAL MEDIA AND PUBLIC RELATIONS EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Borgen Director | Trustee | 0.5 | $0 |
Christine Loose Director | Trustee | 0.5 | $0 |
Claudia Krepsky Director | Trustee | 0.5 | $0 |
Dan Mella Director | Trustee | 0.5 | $0 |
Dana Dunton Director | Trustee | 0.5 | $0 |
David Zimmermann Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $103,300 |
| Related organizations | $0 |
| Government grants | $124,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,673 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,496 |
| Total Program Service Revenue | $713,628 |
| Investment income | $44,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,156 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,824 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,116,855 |
| 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. | $146,222 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,103 |
| Pension plan accruals and contributions | $16,617 |
| Other employee benefits | $58,997 |
| Payroll taxes | $29,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $276 |
| Fees for services: Accounting | $10,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,780 |
| Advertising and promotion | $67,203 |
| Office expenses | $14,800 |
| Information technology | $6,938 |
| Royalties | $0 |
| Occupancy | $13,046 |
| Travel | $3,280 |
| 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 | $44,420 |
| Insurance | $10,779 |
| All other expenses | $14,896 |
| Total functional expenses | $864,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,812 |
| Savings and temporary cash investments | $210,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,457 |
| 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 | $5,238 |
| Net Land, buildings, and equipment | $372,236 |
| Investments—publicly traded securities | $1,104,211 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,100 |
| Total assets | $2,273,562 |
| Accounts payable and accrued expenses | $62,962 |
| Grants payable | $0 |
| Deferred revenue | $198,138 |
| 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 | $176,480 |
| Total liabilities | $437,580 |
| Net assets without donor restrictions | $1,835,982 |
| 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 | $2,273,562 |