Ottumwa Area Chamber Of Commerce
- Assets
- $996.9k
- Revenue
- $869.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Ottumwa, IA
- Founding
- 08/1942
- Data as of
- 06/2022
- EIN
- 42-0452840
Organization Overview
Ottumwa Area Chamber Of Commerce is located in Ottumwa, IA. The organization was established in 1942. 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 06/2022, Ottumwa Area Chamber Of Commerce employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ottumwa 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 06/2022, Ottumwa Area Chamber Of Commerce generated $869.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $883.3k during the year ending 06/2022. While expenses have increased by 20.5% per year over the past 7 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
PROMOTION OF CIVIC AND BUSINESS ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF CIVIC AND BUSINESS ACTIVITIES IN THE OTTUMWA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaire Siems President | OfficerTrustee | 0.5 | $0 |
Mike Sprau Vice President | OfficerTrustee | 0.5 | $0 |
Dennis Hunger Treasurer | OfficerTrustee | 0.5 | $0 |
Jill Riedl Secretary | OfficerTrustee | 0.5 | $0 |
Kelly Genners Director | Trustee | 0.25 | $0 |
Brian Mcwilliams Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $173,566 |
| Fundraising events | $0 |
| Related organizations | $413,723 |
| Government grants | $236,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,861 |
| Total Program Service Revenue | $0 |
| Investment income | $7,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,456 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $868,971 |
| 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 | $389,373 |
| Pension plan accruals and contributions | $6,593 |
| Other employee benefits | $60,053 |
| Payroll taxes | $35,527 |
| 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 | $60,851 |
| Advertising and promotion | $2,033 |
| Office expenses | $4,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,352 |
| Travel | $7,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,090 |
| Interest | $114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,010 |
| Insurance | $15,286 |
| All other expenses | $18,501 |
| Total functional expenses | $883,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,497 |
| Savings and temporary cash investments | $614,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,869 |
| 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 | $47,661 |
| Net Land, buildings, and equipment | $132,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $996,893 |
| Accounts payable and accrued expenses | $44,126 |
| Grants payable | $0 |
| Deferred revenue | $36,135 |
| 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 | $80,261 |
| Net assets without donor restrictions | $573,948 |
| Net assets with donor restrictions | $342,684 |
| 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 | $996,893 |