Geneva Lake Area Chamber Of Commerce is located in Lake Geneva, WI. The organization was established in 1973. 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, Geneva Lake Area Chamber Of Commerce employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geneva Lake 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 12/2021, Geneva Lake Area Chamber Of Commerce generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 2.5% 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
DESTINATION MARKETING ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE LOCAL BUSINESSES AND GENERATE TOURISM THROUGH VARIOUS TYPES OF MEDIA, PROVIDING AND PROMOTING LOCAL EVENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephanie Klett President/ce | Officer | 40 | $144,038 |
Steve Magnunson Vice Chairma | OfficerTrustee | 1 | $0 |
David Sekeres Chairman | OfficerTrustee | 1 | $0 |
Barb Krause Treasurer | OfficerTrustee | 1 | $0 |
Steve Lois Director | Trustee | 1 | $0 |
Ann Esarco Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $159,065 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $53,008 |
All other contributions, gifts, grants, and similar amounts not included above | $3,530 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $215,603 |
Total Program Service Revenue | $1,321,667 |
Investment income | $38 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $1,537,308 |
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. | $144,038 |
Compensation of current officers, directors, key employees. | $57,615 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $217,626 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $21,655 |
Payroll taxes | $30,722 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $32,488 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $14,164 |
Advertising and promotion | $662,080 |
Office expenses | $45,495 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $42,570 |
Travel | $4,215 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,632 |
Interest | $2,033 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,175 |
Insurance | $7,165 |
All other expenses | $5,666 |
Total functional expenses | $1,329,834 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,298,969 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $24,185 |
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 | $32,741 |
Net Land, buildings, and equipment | $288,273 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,644,168 |
Accounts payable and accrued expenses | $120,824 |
Grants payable | $0 |
Deferred revenue | $33,500 |
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 | $39,892 |
Other liabilities | $0 |
Total liabilities | $194,216 |
Net assets without donor restrictions | $1,449,952 |
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 | $1,644,168 |
Over the last fiscal year, we have identified 1 grants that Geneva Lake Area Chamber Of Commerce has recieved totaling $490.
Awarding Organization | Amount |
---|---|
Kunes Family Foundation Inc Delavan, WI PURPOSE: SUPPORT FOR ORGANIZATION'S CHARITABLE ACTIVITIES | $490 |
Organization Name | Assets | Revenue |
---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
National Roofing Contractors Association Rosemont, IL | $27,483,299 | $17,802,756 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
American Marketing Association Inc Chicago, IL | $9,741,723 | $15,191,106 |
Alliance For Audited Media Lisle, IL | $17,794,762 | $11,739,341 |
American Society Of Safety Professionals Park Ridge, IL | $23,941,077 | $16,437,200 |
Prestressed Concrete Institute Chicago, IL | $8,854,978 | $13,790,264 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |