Elkhart Lake Chamber Of Commerce
- Assets
- $162.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Elkhart Lake, WI
- Founding
- 02/1981
- Data as of
- 12/2022
- EIN
- 39-1372547
Organization Overview
Elkhart Lake Chamber Of Commerce is located in Elkhart Lake, WI. The organization was established in 1981. 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, Elkhart Lake Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elkhart Lake 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, Elkhart Lake Chamber Of Commerce generated $191.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $198.7k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ELKHART LAKE AREA CHAMBER OF COMMERCE PROVIDES KEY BUSINESS DEVELOPMENT SUPPORT, PROGRAMS AND SERVICES TO OVER 100 MEMBER BUSINESSES AND ORGANIZATIONS. THE MISSION IS TO STIMULATE SUSTAINABLE ECONOMIC GROWTH, DEVELOPMENT AND VITALITY IN THE ELKHART LAKE AREA.
Describe the Organization's Program Activity:
Part 3
DEPOT DISPATCH-THE CHAMBER RUNS THE LOCAL NEWSPAPER CALLED THE DEPOT DISPATCH. THIS IS A TWELVE ISSUE NEWSPAPER FEATURING ARTICLES REGARDING MEMBER BUSINESSES, HISTORICAL AND CULTURAL EVENTS IN OUR AREA. FREE TO LOAL ZIP CODES AND TOURISTS. 6000 COPIES PRINTED PER ISSUE.
THE ELKHART LAKE AREA CHAMBER OF COMMERCE SUPPORTS ITS MEMEBER BUSINESSES AND PROMOTES THE OPPORTUNITY FOR SUSTAINABLE ECONOMIC GROWTH AND DEVELOPMENT.
LODGING PROGRAM-THE CHAMBER OFFERS A LODGING PROGRAM WHERE WE CONTRACT WITH LOCAL OWNERS OF COTTAGES, HOUSES AND APARTMENTS TO RENT THEM TO TOURISTS WHO COME IN THE SUMMER. WE COLLECT A 15% FEE FROM THE LANDLORDS FOR THIS SERVICE AND A 15 FEE FROM THE TENANTS.
FARMERS & ARTISAN'S MARKET-THE CHAMBER RUNS A FARMERS & ARTISAN'S MARKET IN ELKHART LAKE ON 19 SATURDAYS IN THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ewert Vice Preside | 0 | $0 | |
Todd Matz Treasurer | 0 | $0 | |
Melissa Koehler Exec Direct | 0 | $0 | |
Todd Smith President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,185 |
| Total Program Service Revenue | $143,816 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,661 |
| Other Revenue | $1,655 |
| Total Revenue | $191,317 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $80,475 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $4,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $113,373 |
| Total expenses | $198,698 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $141,914 |
| Other assets | $0 |
| Total assets | $162,656 |
| Total liabilities | $60,820 |
| Net assets or fund balances | $101,836 |