Phillips Chamber Of Commerce
- Assets
- $194.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phillips, WI
- Founding
- 09/1983
- Data as of
- 06/2024
- EIN
- 39-1429153
Organization Overview
Phillips Chamber Of Commerce is located in Phillips, WI. The organization was established in 1983. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillips 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 06/2024, Phillips Chamber Of Commerce generated $146.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $139.5k during the year ending 06/2024. While expenses have increased by 14.1% per year over the past 4 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
2024
Describe the Organization's Program Activity:
Part 3
PROMOTE PHILLIPS BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Neu President | 4 | $0 | |
Stacie Prochnow Vice President | 2 | $0 | |
Nicki Hertlein Secretary | 2 | $0 | |
Nick Gabay Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $40,191 |
| Investment income | $287 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $23,695 |
| Other Revenue | $81,869 |
| Total Revenue | $146,042 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $75,950 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $63,580 |
| Total expenses | $139,530 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $144,391 |
| Other assets | $0 |
| Total assets | $194,441 |
| Total liabilities | $1,626 |
| Net assets or fund balances | $192,815 |