Marshfield Area Chamber Foundation Inc
- Assets
- $612.0k
- Revenue
- $242.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Marshfield, WI
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 39-1739602
Organization Overview
Marshfield Area Chamber Foundation Inc is located in Marshfield, WI. The organization was established in 1993. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshfield Area Chamber 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 12/2022, Marshfield Area Chamber Foundation Inc generated $242.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $198.2k during the year ending 12/2022. While expenses have increased by 0.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ECONOMIC DEVELOPMENT AND FULL EMPLOYMENT IN THE MARSHFIELD AREA BY SUPPORTING AND IMPROVING GENERAL EDUCATION, VOCATIONAL TRAINING, CITY PLANNING AND LEADERSHIP DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP MARSHFIELD - PROGRAM DESIGNED TO TRAIN AND EDUCATE COMMUNITY MEMBERS IN DEVELOPING LEADERSHIP SKILLS AND SELF ESTEEM FOR FUTURE COMMUNITY LEADERS
PROGRAMS DESIGNED TO IMPROVE THE COMMUNITY
SCHOOL TO WORK - PROGRAMS WERE DESIGNED TO EDUCATE YOUTH IN DEVELOPING JOB SKILLS FOR FUTURE COMMUNITY WORKERS
PROGRAMS DESIGNED TO PROMOTE JOB DEVELOPMENT IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Larson Exec. Dir. | OfficerTrustee | 1 | $0 |
Amy Nystrom President | OfficerTrustee | 1 | $0 |
Ron Wilczek Treasurer | OfficerTrustee | 1 | $0 |
Matt Eckelberg Secretary | OfficerTrustee | 1 | $0 |
Frank Baltus Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,364 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,095 |
| Total Program Service Revenue | $26,081 |
| Investment income | $1,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,832 |
| 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 | $242,036 |
| 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 | $86,815 |
| Pension plan accruals and contributions | $3,450 |
| Other employee benefits | $24,315 |
| Payroll taxes | $6,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,113 |
| Total functional expenses | $198,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,513 |
| Savings and temporary cash investments | $165,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,023 |
| 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 | $3,929 |
| Net Land, buildings, and equipment | $287,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $612,027 |
| Accounts payable and accrued expenses | $26,556 |
| Grants payable | $0 |
| Deferred revenue | $8,879 |
| 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 | $16,707 |
| Total liabilities | $52,142 |
| Net assets without donor restrictions | $524,297 |
| Net assets with donor restrictions | $35,588 |
| 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 | $612,027 |