Knoxville Chamber Of Commerce Inc
- Assets
- $209.6k
- Revenue
- $68.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Knoxville, IA
- Founding
- 01/1972
- Data as of
- 12/2023
- EIN
- 42-0631674
Organization Overview
Knoxville Chamber Of Commerce Inc is located in Knoxville, IA. The organization was established in 1972. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knoxville 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 12/2023, Knoxville Chamber Of Commerce Inc generated $68.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $47.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMUNITY OF KNOXVILLE, IOWA AND ITS AREA BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTIONAL ACTIVITIES-ORGANIZES VARIOUS EVENTS IN KNOXVILLE AREA TO ATTRACT SHOPPERS AND NEW BUSINESS TO COMMUNITY; ASSIST LOCAL MERCHANTS TO IMPROVE VISIBILITY OF THEIR BUSINESSES;
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Baker Board Member | Trustee | 1 | $0 |
Douglas Gay Board Member | OfficerTrustee | 1 | $0 |
Perry Hager Board Member | Trustee | 1 | $0 |
Ashley Kline Board Member | Trustee | 1 | $0 |
Erika Pleggenkuhle President | OfficerTrustee | 1 | $0 |
Tracy Russell Past Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,001 |
| 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 | $31,001 |
| Total Program Service Revenue | $37,675 |
| Investment income | $85 |
| 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 | $68,761 |
| 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 | $1,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,356 |
| Office expenses | $2,188 |
| Information technology | $7,438 |
| Royalties | $0 |
| Occupancy | $5,193 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $733 |
| Insurance | $3,382 |
| All other expenses | $824 |
| Total functional expenses | $47,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,501 |
| Savings and temporary cash investments | $59,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150 |
| 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 | $2,422 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,890 |
| Total assets | $209,551 |
| Accounts payable and accrued expenses | -$41 |
| 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 | $27,390 |
| Total liabilities | $27,349 |
| Net assets without donor restrictions | $182,202 |
| 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 | $209,551 |