Superior Chamber Of Commerce
- Assets
- $668.7k
- Revenue
- $204.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Superior, WI
- Founding
- 10/1938
- Data as of
- 12/2022
- EIN
- 39-0646460
Organization Overview
Superior Chamber Of Commerce is located in Superior, WI. The organization was established in 1938. 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 12/2022, Superior Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Superior 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 12/2022, Superior Chamber Of Commerce generated $204.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $109.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.8%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE BUSINESS INTEREST AND COMMUNITY GROWTH OF SUPERIOR - DOUGLAS COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING BUSINESS GROWTH, COMMUNITY DEVELOPMENT, AND PRESERVING THE COMPETITIVE, FREE ENTERPRISE SYSTEM OF BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taylor Pedersen Presidentceo | Officer | 11 | $78,983 |
Anne Porter Chair - Elect | OfficerTrustee | 1 | $0 |
Jeff Cushman Chair | OfficerTrustee | 1 | $0 |
John Conley Treasurer | OfficerTrustee | 1 | $0 |
Blair Mahan Past Board Chair | OfficerTrustee | 1 | $0 |
Robert Sandstrom Liaison | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $181,207 |
| Investment income | $1,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,792 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,698 |
| 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. | $21,616 |
| Compensation of current officers, directors, key employees. | $2,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,082 |
| Pension plan accruals and contributions | $1,245 |
| Other employee benefits | $3,257 |
| Payroll taxes | $3,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,481 |
| Office expenses | $11,427 |
| Information technology | $2,248 |
| Royalties | $0 |
| Occupancy | $2,386 |
| Travel | $0 |
| 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 | $7,405 |
| Insurance | $2,411 |
| All other expenses | $1,576 |
| Total functional expenses | $109,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,471 |
| Savings and temporary cash investments | $237,288 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,660 |
| 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 | $124,221 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,076 |
| Total assets | $668,716 |
| Accounts payable and accrued expenses | $3,214 |
| Grants payable | $0 |
| Deferred revenue | $2,130 |
| 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 | $5,344 |
| Net assets without donor restrictions | $663,152 |
| Net assets with donor restrictions | $220 |
| 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 | $668,716 |
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