Fairfield Chamber Of Commerce Inc
- Assets
- $451.9k
- Revenue
- $210.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Fairfield, IA
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 42-0239943
Organization Overview
Fairfield Chamber Of Commerce Inc is located in Fairfield, IA. The organization was established in 1945. 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, Fairfield Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield Chamber Of Commerce Inc 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, Fairfield Chamber Of Commerce Inc generated $210.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $123.3k 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
TO PROMOTE LOCAL BUSINESSES AND BUSINESS DEVELOPMENT IN FAIRFIELD, IOWA
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETAIL ACTIVITY PROMOTIONS
ANNUAL BANQUET FOR MEMBERS
PROVIDED LUNCHEONS,RECEPTIONS AND GOLF OUTINGS TO LOCAL CHAMBER MEMBERS ALLOWING MEMBERS TO INTERACT AND MEET ON A FREQUENT BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darien Sloat Executive Director & Secretary | Officer | 40 | $64,256 |
Alex Simmons Treasurer | Officer | 0.5 | $0 |
Jason Davis President | Officer | 0.5 | $0 |
John Sandbothe Past President | Officer | 0.5 | $0 |
Mike Parker Vice President | Officer | 0.5 | $0 |
Kathy Thornton Secretary | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $103,154 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,304 |
| Total Program Service Revenue | $148 |
| Investment income | $6,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,575 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,224 |
| 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. | $64,256 |
| Compensation of current officers, directors, key employees. | $32,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,877 |
| Pension plan accruals and contributions | $1,928 |
| Other employee benefits | $0 |
| Payroll taxes | $8,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $307 |
| Office expenses | $5,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,495 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85 |
| Insurance | $2,380 |
| All other expenses | $0 |
| Total functional expenses | $123,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,229 |
| Savings and temporary cash investments | $104,387 |
| 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 | $134 |
| Investments—publicly traded securities | $233,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451,886 |
| Accounts payable and accrued expenses | $6,272 |
| 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 | $6,272 |
| Net assets without donor restrictions | $445,614 |
| 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 | $451,886 |
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