Greater Madison Chamber Of Commerce Foundation Inc
- Assets
- $432.7k
- Revenue
- $261.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 39-1734769
Organization Overview
Greater Madison Chamber Of Commerce Foundation Inc is located in Madison, WI. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Madison Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greater Madison Chamber Of Commerce Foundation Inc generated $261.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $104.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE GREATER MADISON CHAMBER OF COMMERCE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP - COMMUNITY LEADERSHIP PROGRAMS, SUCH AS LEADERSHIP GREATER MADISON, PREPARE EMERGING LEADERS SO THAT A NETWORK OF INFORMED, CONCERNED CITIZENS CAN GUIDE THE COMMUNITY'S FUTURE GROWTH.DURING 2021, 16 PARTICIPANTS COMPLETED THE LEADERSHIP GREATER MADISON PROGRAM. FOSTERING BUSINESS PARTNERSHIPS FOR THE MADISON METROPOLITAN SCHOOL DISTRICT CAREER AND TECHNICAL EDUCATION CURRICULUM AREAS. COMMUNITY LEADERSHIP PROGRAMS, SUCH AS LEADERSHIP GREATER MADISON, PREPARE EMERGING LEADERS SO THAT A NETWORK OF INFORMED, CONCERNED CITIZENS CAN GUIDE THE COMMUNITY'S FUTURE GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Sponem Treasurer | OfficerTrustee | 0.5 | $0 |
Jim Garner Secretary | OfficerTrustee | 0.5 | $0 |
Aaron Olver Vice Chair/membership Committee Chair | OfficerTrustee | 0.5 | $0 |
Wayne Harris Chair Elect/public Policy Chair | OfficerTrustee | 0.5 | $0 |
Michael Hamerlik Chair | Officer | 0.5 | $0 |
Zachariah Brandon President | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,675 |
| Total Program Service Revenue | $200,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,414 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,770 |
| Pension plan accruals and contributions | $770 |
| Other employee benefits | $0 |
| Payroll taxes | $2,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,571 |
| Advertising and promotion | $4,468 |
| Office expenses | $585 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,607 |
| All other expenses | $0 |
| Total functional expenses | $104,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,395 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,265 |
| Total assets | $432,660 |
| Accounts payable and accrued expenses | $6,148 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,148 |
| Net assets without donor restrictions | $426,512 |
| 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 | $432,660 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Madison Chamber Of Commerce Foundation Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Evjue Foundation Inc Madison, WI PURPOSE: SUPPORT LEADERSHIP GREATER MADISON PROGRAM | $11,000 |
Endowment Analysis
| Beg. Balance | $46,539 |
| Earnings | $7,213 |
| Admin Expense | $497 |
| Ending Balance | $53,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Transitions Chartered School Minneapolis, MN | $28,235,035 | $63,864,968 |
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Progressnow Education Lansing, MI | $1,591,280 | $29,411,544 |
College Possible Saint Paul, MN | $23,283,310 | $31,201,183 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Midwest Dairy Association Saint Paul, MN | $7,228,337 | $23,101,295 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Chippewa Luce Macinac Comm Action Human Resource Auth Inc Sault Ste Marie, MI | $6,136,968 | $10,393,284 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Illinois Cpa Society Chicago, IL | $13,009,574 | $9,942,006 |