Wausau Area Chamber Of Commerce
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $100.0
- Employees
- 10
- Location
- Wausau, WI
- Founding
- 11/1942
- Data as of
- 08/2023
- EIN
- 39-0690620
Organization Overview
Wausau Area Chamber Of Commerce is located in Wausau, 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 08/2023, Wausau Area Chamber Of Commerce employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wausau 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 08/2023, Wausau Area Chamber Of Commerce generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. 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
TO STRENGTHEN OUR MEMBER BUSINESSES AND ENHANCE OUR COMMUNITY BY BUILDING BUSINESS SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP INVESTMENT: THE CHAMBER SERVES OVER 800 MEMBERS. THOSE MEMBERS EMPLOY 30,000 PEOPLE IN THE REGION. THROUGH MEMBERSHIP INVESTMENT, THE CHAMBER IS ABLE TO SERVE AS AN ADVOCATE FOR BUSINESS, FACILITATING COLLABORATION AMONG MEMBERS AND OTHER NON-PROFIT ORGANIZATIONS AND EDUCATING MEMBERS THROUGH PROGRAMS.
SEMINARS, EDUCATION AND BUSINESS DEVELOPMENT: THE CHAMBER PROVIDESOPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT, BUSINESS DEVELOPMENT ANDEDUCATION OF EACH MEMBERS EMPLOYEES. PROGRAMS ARE DEVELOPED BASED ONMEMBER INTERESTS GATHERED THROUGH MEMBER FORUMS. BY ADDING A VIRTUALCOMPONENT TO OUR PROGRAMMING WE WERE ABLE TO REACH MORE OF OUR MEMBERSEMPLOYEES EVEN THOUGH IN-PERSON EVENTS AND ATTENDANCE WERE RESTRICTEDDUE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Williams Director | Trustee | 1 | $0 |
Gerald Klein Director | Trustee | 1 | $0 |
Laura Huggins Director | Trustee | 1 | $0 |
Steven Lipowski Director | Trustee | 1 | $0 |
Carrie Strobel Director | Trustee | 1 | $0 |
Keith Hilts Director | 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 | $501,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,938 |
| Total Program Service Revenue | $995,960 |
| Investment income | $7,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$60,651 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,444,937 |
| 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. | $112,446 |
| Compensation of current officers, directors, key employees. | $112,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,635 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,457 |
| Payroll taxes | $0 |
| Fees for services: Management | $22,025 |
| 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 | $44,786 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,299 |
| Travel | $6,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,514 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,844 |
| Insurance | $29,810 |
| All other expenses | -$137,957 |
| Total functional expenses | $1,156,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $619,616 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $307,131 |
| 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 | $50,228 |
| Net Land, buildings, and equipment | $1,488,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,403 |
| Total assets | $2,652,548 |
| Accounts payable and accrued expenses | $51,550 |
| Grants payable | $0 |
| Deferred revenue | $409,919 |
| 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 | $238,656 |
| Total liabilities | $700,125 |
| Net assets without donor restrictions | $1,861,646 |
| Net assets with donor restrictions | $90,777 |
| 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 | $2,652,548 |