Washington Chamber Of Commerce
- Assets
- $293.7k
- Revenue
- $204.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, IA
- Founding
- 07/1942
- Data as of
- 06/2022
- EIN
- 42-0586680
Organization Overview
Washington Chamber Of Commerce is located in Washington, 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, Washington Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington 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, Washington Chamber Of Commerce generated $204.0k 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 $204.1k during the year ending 06/2022. While expenses have increased by 6.4% 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
BUSINESS RETENTION AND DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTRACT NEW BUSINESS IN ORDER TO STRENGTHEN LOCAL ECONOMY SERVE THE NEEDS OF EXISTING BUSINESSES BY OFFERING PROMOTIONS AND MEMBER SERVICES VISITOR & TOURISM, WELCOME CENTER, COMMUNITY EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Redlinger Chamber Director | Trustee | 40 | $63,781 |
Alisha Davis Secretary | OfficerTrustee | 40 | $39,778 |
Diane Gallagher Past President | OfficerTrustee | 1 | $0 |
Matt Brown Treasurer | OfficerTrustee | 1 | $0 |
Lee Iben President | OfficerTrustee | 1 | $0 |
Eric Buchholz Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $80,750 |
| Total Program Service Revenue | $13,117 |
| Investment income | $583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,440 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $102,062 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,952 |
| 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. | $126,598 |
| Compensation of current officers, directors, key employees. | $126,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $377 |
| Payroll taxes | $8,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,957 |
| Advertising and promotion | $10,624 |
| Office expenses | $4,833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,047 |
| 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 | $0 |
| Insurance | $4,314 |
| All other expenses | $0 |
| Total functional expenses | $204,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,037 |
| Savings and temporary cash investments | $134,284 |
| 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 | $0 |
| Investments—publicly traded securities | $101,372 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $293,693 |
| Accounts payable and accrued expenses | $992 |
| 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 | $18,876 |
| Total liabilities | $19,868 |
| Net assets without donor restrictions | $273,825 |
| 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 | $293,693 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Washington Chamber Of Commerce has recieved totaling $74,100.
| Awarding Organization | Amount |
|---|---|
The New York And Presbyterian Hospital New York, NY PURPOSE: SUPPORT | $35,100 |
Washington County Riverboat Foundation Washington, IA PURPOSE: COVID RELIEF | $13,000 |
Washington County Riverboat Foundation Washington, IA PURPOSE: COVID RELIEF | $13,000 |
Washington County Riverboat Foundation Washington, IA PURPOSE: COVID RELIEF | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |