Burlington-West Burlington Area Chamber Of Commerce
- Assets
- $1.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Burlington, IA
- Founding
- 01/1943
- Data as of
- 12/2022
- EIN
- 42-0161630
Organization Overview
Burlington-West Burlington Area Chamber Of Commerce is located in Burlington, IA. The organization was established in 1943. 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 12/2022, Burlington-West Burlington Area Chamber Of Commerce employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burlington-West Burlington 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 12/2022, Burlington-West Burlington Area Chamber Of Commerce generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 5.7% 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.
Since 2017, Burlington-West Burlington Area Chamber Of Commerce has awarded 23 individual grants totaling $308,654. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BURLINGTON/WEST BURLINGTON AREA CHAMBER OF COMMERCE IS A MEMBERSHIP- BASED ASSOCIATION OF BUSINESSES, PROFESSIONAL LEADERS AND INDIVIDUALS WORKING TOGETHER TO PROMTE ECONOMIC GROWTH, EMPLOYMENT OPPORTUINTIES, GOVERNMENT ADVOCACY, EXCELLENCE IN EDUCATION, AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE AND IMPROVE THE ECONOMIC AND SOCIAL ENVIRONMENTS OF DES MOINES COUNTY, IOWA SO THAT CONSTRUCTION BALANCED ECONOMIC GROWTH MAY BE REALIZED.
TO ADVANCE THE ECONOMIC WELFARE OF THE BURLINGTON/WEST BURLINGTON AREA THROUGH PROMOTION OF THE AREA AS A CONVENTION SITE AND VISITORS ATTRACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Della D Schmidt President | OfficerTrustee | 20 | $87,470 |
Mary Beth Sanchez CFO | Officer | 21 | $13,961 |
Brock Anderson Director | Trustee | $0 | |
Mike Baker Director | Trustee | $0 | |
Michelle Brown Director | Trustee | $0 | |
Gina Crabtree Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $365,129 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $637,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,002,772 |
| Total Program Service Revenue | $423,012 |
| Investment income | $4,211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,354 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,563,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,909 |
| 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. | $101,431 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $397,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,161 |
| Payroll taxes | $43,444 |
| 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 | $59,010 |
| Advertising and promotion | $80,463 |
| Office expenses | $25,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,026 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,675 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,421 |
| Insurance | $11,985 |
| All other expenses | $24,599 |
| Total functional expenses | $1,423,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,013,646 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,449 |
| 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 | $1,274 |
| Net Land, buildings, and equipment | $589,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,564 |
| Total assets | $1,860,299 |
| Accounts payable and accrued expenses | $91,762 |
| Grants payable | $0 |
| Deferred revenue | $141,489 |
| 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 | $11,564 |
| Total liabilities | $244,815 |
| Net assets without donor restrictions | $1,615,484 |
| 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 | $1,860,299 |
Grants Awarded
Over the last fiscal year, Burlington-West Burlington Area Chamber Of Commerce has awarded $91,266 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BURLINGTON REXPLEX PURPOSE: GENERAL SUPPORT | $7,453 |
PERFECT GAME PURPOSE: GENERAL SUPPORT | $15,476 |
GROW GREATER BURLINGTON PURPOSE: GENERAL SUPPORT | $47,123 |
DOWNTOWN PARTNERS INC PURPOSE: GENERAL SUPPORT | $12,285 |
SOUTHEAST SOCCER ACADEMY PURPOSE: GENERAL SUPPORT | $8,929 |