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 06/2022, Phillips Chamber Of Commerce generated $160.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $116.8k during the year ending 06/2022. While expenses have increased by 12.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE PHILLIPS BUSINESS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Holly Viring Vice President | 2 | $0 | |
Nick Gabay President | 4 | $0 | |
Becky Michels Treasurer | 2 | $0 | |
Stacie Prochnow Secretary | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $35,556 |
Investment income | $17 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $20,086 |
Other Revenue | $105,108 |
Total Revenue | $160,767 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $57,352 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $59,409 |
Total expenses | $116,761 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $111,843 |
Other assets | $0 |
Total assets | $161,893 |
Total liabilities | $10,678 |
Net assets or fund balances | $151,215 |
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