Rusk Area Chamber Of Commerce
- Assets
- $112.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Ladysmith, WI
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 39-1799630
Organization Overview
Rusk Area Chamber Of Commerce is located in Ladysmith, WI. The organization was established in 2006. 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. As of 12/2021, Rusk Area Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rusk 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 12/2021, Rusk Area Chamber Of Commerce generated $64.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $56.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE LADYSMITH/RUSK COUNTY AREA AS A PLACE TO LIVE, WORK, SHOP, AND PLAY, SO THAT THE AREA'S CITIZENS AND BUSINESS COMMUNITY SHALL THRIVE AND PROSPER.
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ACHIEVES IT'S MISSION BY 1. HOLDING SEVERAL PROMOTIONAL EVENTS THAT BRING VISITORS INTO THE AREA. THIS INCREASES HEADS IN BEDS AT AREA LODGING FACILITIES, INCREASED REVENUE AT LOCAL BUSINESSES AND A BETTER UNDERSTANDING FOR THE AREA RESIDENTS OF WHAT THE AREA HAS TO OFFER. 2. THROUGH COMMUNICATIONS, SUCH AS ADVERTISING, NEWSLETTERS, ETC. THE COMMUNITY AND BUSINESSES CAN TARGET A LARGER AREA FOR MARKETING. THIS HAS ENABLED GROWTH AND DEVELOPMENT IN THE AREA. 3. CHAMBER BUCKS (GIFT CERTIFICATES) ARE GENERATED FOR SHOPPING IN THE LOCAL AREA. THIS ENCOURAGES SHOPPING LOCALLY, WHICH INCREASES REVENUES LOCALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Berg President | 2 | $0 | |
Bonny Beck Vice President | 2 | $0 | |
Jessica Bingham Treasurer | 2 | $0 | |
Heidi Jo Sovacool Secretary | 2 | $0 | |
Missy Kroening Director | 1 | $0 | |
Todd Berry Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,070 |
| Total Program Service Revenue | $39,003 |
| Membership dues | $18,943 |
| Investment income | $527 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,128 |
| Other Revenue | $72 |
| Total Revenue | $64,743 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,123 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,087 |
| Printing, publications, postage, and shipping | $7,621 |
| Other expenses | $12,362 |
| Total expenses | $56,193 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,503 |
| Other assets | $0 |
| Total assets | $112,326 |
| Total liabilities | $20,868 |
| Net assets or fund balances | $91,458 |
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