Lake Mills Area Chamber Of Commerce is located in Lake Mills, WI. The organization was established in 2005. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Mills 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, Lake Mills Area Chamber Of Commerce generated $42.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $55.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTE THE CITY OF LAKE MILLS AND ALL OF ITS MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jenn Christian Vice President | 3 | $0 | |
Amanda Schwefel Director | 3 | $0 | |
Abigail Hale President | 3 | $0 | |
Mitch Eveland Director | 3 | $0 | |
Rob Campbell Director | 3 | $0 | |
Scott Tellefson Director | 3 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $20,261 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $27 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $22,108 |
Other Revenue | $0 |
Total Revenue | $42,396 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $31,318 |
Professional fees and other payments to independent contractors | $4,795 |
Occupancy, rent, utilities, and maintenance | $1,145 |
Printing, publications, postage, and shipping | $6 |
Other expenses | $17,730 |
Total expenses | $54,994 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $25,405 |
Other assets | $0 |
Total assets | $25,405 |
Total liabilities | $15,355 |
Net assets or fund balances | $10,050 |
Over the last fiscal year, we have identified 2 grants that Lake Mills Area Chamber Of Commerce has recieved totaling $30,000.
Awarding Organization | Amount |
---|---|
Lake Mills Area Community Foundation Inc Lake Mills, WI PURPOSE: COVID ASSISTANCE | $15,000 |
Lake Mills Area Community Foundation Inc Lake Mills, WI PURPOSE: COVID ASSISTANCE | $15,000 |
Organization Name | Assets | Revenue |
---|---|---|
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Humans First Detroit Detroit, MI | $6,650,332 | $4,303,626 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Warren-Conner Development Coalition Inc Detroit, MI | $1,694,673 | $3,249,362 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Bay Future Inc Bay City, MI | $1,152,121 | $1,923,474 |