Algoma Area Chamber Of Commerce
- Assets
- $290.9k
- Revenue
- $118.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Algoma, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-1558982
Organization Overview
Algoma Area Chamber Of Commerce is located in Algoma, WI. As of 12/2023, Algoma Area Chamber Of Commerce employed 8 individuals. Algoma 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 12/2023, Algoma Area Chamber Of Commerce generated $118.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $137.3k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS PROSPERITY, TOURISM, AND COMMUNITY INVOLVEMENT BY PROVIDING INFORMATION, SERVICES AND ADVOCACY FOR THE ALGOMA COMMUNITY AND OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES THE ALGOMA VISITOR CENTER YEAR ROUND WHICH PROVIDES LITERATURE, WEBSITE, TELEPHONE INFORMATION, ON-SITE INFORMATION AND TRADE SHOW REPRESENTATION REGARDING ALGOMA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Emert Vice President | Officer | 0 | $0 |
Jen Massey Secretary | Officer | 0 | $0 |
Kenneth Wienaug Executive Director | Officer | 0 | $0 |
Jennifer Highland President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,330 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,202 |
| Total Program Service Revenue | $61,436 |
| Investment income | $2,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$799 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,515 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,667 |
| 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. | $39,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,025 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,498 |
| Advertising and promotion | $3,381 |
| Office expenses | $7,358 |
| Information technology | $458 |
| Royalties | $0 |
| Occupancy | $13,202 |
| Travel | $1,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,267 |
| Insurance | $2,670 |
| All other expenses | $3,344 |
| Total functional expenses | $137,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,832 |
| Savings and temporary cash investments | $34,543 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,898 |
| Prepaid expenses and deferred charges | $1,206 |
| Net Land, buildings, and equipment | $24,935 |
| Investments—publicly traded securities | $53,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $290,949 |
| Accounts payable and accrued expenses | $31,920 |
| Grants payable | $0 |
| Deferred revenue | $56,687 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,607 |
| Net assets without donor restrictions | $202,342 |
| 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 | $290,949 |