Iowa City Area Chamber Of Commerce
- Assets
- $911.9k
- Revenue
- $824.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Iowa City, IA
- Founding
- 06/1945
- Data as of
- 12/2022
- EIN
- 42-0330530
Organization Overview
Iowa City Area Chamber Of Commerce, operating under the name Iowa City Area Business Partnership, is located in Iowa City, 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 12/2022, Iowa City Area Business Partnership employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa City Area Business Partnership 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, Iowa City Area Business Partnership generated $824.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $838.1k during the year ending 12/2022. While expenses have increased by 0.9% 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
THE IOWA CITY AREA CHAMBER OF COMMERCE ACTIVELY FOSTERS A BETTER BUSINESS ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY: WE ARE THE LOCAL VOICE OF BUSINESSES IN JOHNSON COUNTY. WEWORK ON BEHALF OF OUR MEMBERS TO ADDRESS ISSUES AT LOCAL, STATE ANDFEDERAL LEVELS. OUR LEGISLATIVE PRIORITIES FOCUS OUR EFFORTS EACH YEAR.MEET ELECTED OFFICIALS AND CANDIDATES AT MEMBER EXCLUSIVE FORUMS &RECEPTIONS. LET YOUR CHAMBER STAFF WORK ON YOUR BEHALF ONBUSINESS-FRIENDLY LOCAL AND STATE LEGISLATION. EXPAND YOUR KNOWLEDGE OFLOCAL ISSUES BY ATTENDING LOCAL GOVERNMENT AFFAIRS COMMITTEE MEETINGS.JOIN US AT THE CAPITOL TO MEET INFLUENTIAL POLICY MAKERS AND SHARE YOURPERSPECTIVE.
CONNECTIONS: THE BEST WAY TO STAY CONNECTED TO THE CHAMBER IS TO FOLLOWOUR COMMUNICATIONS. THESE WILL ALERT YOU TO NETWORKING EVENTS,LEADERSHIP OPPORTUNITIES, LEGISLATIVE NEWS AND MUCH MORE! UPDATEMEMBERS ON YOUR BUSINESS OVER LUNCH AT ROUNDTABLES. EXPAND YOURCONTACTS AT MONTHLY BUSINESS PMS. BUILD YOUR BUSINESS THROUGH CHAMBERONLINE AND FRONT DESK REFERRALS. LET YOUR CHAMBER STAFF CONNECT YOU TORESOURCES WITH JUST A PHONE CALL.
EDUCATION: THE CHAMBER HELPS PREPARE FUTURE EMPLOYEES BY ADVOCATING FOREDUCATION FUNDING AND LEADING COMMUNITY INITIATIVES THAT ADDRESSSPECIFIC EDUCATION ISSUES. OUR EDUCATION FOCUSED EVENTS LIKE EXCELLENCEIN EDUCATION AWARDS CEREMONY HONORS EXTRAORDINARY ACHIEVEMENTS EACHSPRING AND THE NEW TEACHER LUNCHEON WELCOMES NEW TEACHERS TO OUR AREAEVERY FALL. EXPERT EDGE SEMINARS PROVIDE HANDS-ON BUSINESS TIPS ONCRITICAL TOPICS. GAIN INSIGHT INTO ISSUES, OPPORTUNITIES, STRENGTHS ANDCHALLENGES IN OUR COMMUNITY THROUGH THE COMMUNITY LEADERSHIP PROGRAM.LEARN MORE ABOUT ISSUES AFFECTING YOUR BUSINESS AT LEGISLATIVE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Ellison Director | Trustee | 1 | $0 |
Nick Westergaard Past Chair | OfficerTrustee | 2 | $0 |
Adam Keune Chair | OfficerTrustee | 2 | $0 |
Robin Therme Vice Chair | OfficerTrustee | 2 | $0 |
Paula Rogers Treasurer | OfficerTrustee | 1 | $0 |
Jim Leboeuf Director | Trustee | 1 | $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 | $28,914 |
| Noncash contributions included in lines 1a–1f | $20,220 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,914 |
| Total Program Service Revenue | $787,735 |
| Investment income | $7,989 |
| 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 | $824,638 |
| 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. | $116,126 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,113 |
| Pension plan accruals and contributions | $12,877 |
| Other employee benefits | $45,981 |
| Payroll taxes | $37,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,910 |
| Advertising and promotion | $41,784 |
| Office expenses | $17,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,015 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,702 |
| Insurance | $6,492 |
| All other expenses | $105 |
| Total functional expenses | $838,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,781 |
| Savings and temporary cash investments | $399,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $318,507 |
| 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 | $18,531 |
| Net Land, buildings, and equipment | $23,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $911,939 |
| Accounts payable and accrued expenses | $43,452 |
| Grants payable | $0 |
| Deferred revenue | $636,106 |
| 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 | $679,558 |
| Net assets without donor restrictions | $232,381 |
| 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 | $911,939 |