Maquoketa Area Chamber Of Commerce
- Assets
- $197.7k
- Revenue
- $57.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Maquoketa, IA
- Founding
- 02/1979
- Data as of
- 12/2021
- EIN
- 42-0883748
Organization Overview
Maquoketa Area Chamber Of Commerce is located in Maquoketa, IA. The organization was established in 1979. 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, Maquoketa Area Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maquoketa 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 12/2021, Maquoketa Area Chamber Of Commerce generated $57.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $21.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GROWTH AND ECONOMIC STABILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Cottle President | OfficerTrustee | 2 | $0 |
Rachelle Zeimet Secretary | OfficerTrustee | 0 | $0 |
Megan Simmons Treasurer | OfficerTrustee | 0 | $0 |
Kathy Seyfert Director | OfficerTrustee | 0 | $0 |
Jeni Joos Vice President | OfficerTrustee | 0 | $0 |
Kristi Carr Exec Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,294 |
| Fundraising events | $28,534 |
| Related organizations | $0 |
| Government grants | $20,714 |
| All other contributions, gifts, grants, and similar amounts not included above | $143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,685 |
| Total Program Service Revenue | $0 |
| Investment income | $30 |
| 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 | $57,715 |
| 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. | -$793 |
| Compensation of current officers, directors, key employees. | -$793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $303 |
| Payroll taxes | $1,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,005 |
| 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 | $0 |
| Advertising and promotion | $1,825 |
| Office expenses | $4,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $560 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,821 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $729 |
| Insurance | $658 |
| All other expenses | $0 |
| Total functional expenses | $21,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,140 |
| Savings and temporary cash investments | $136,104 |
| 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 | $1,689 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,644 |
| Total assets | $197,662 |
| Accounts payable and accrued expenses | $1,592 |
| Grants payable | $0 |
| Deferred revenue | $15,850 |
| 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 | $19,523 |
| Total liabilities | $36,965 |
| Net assets without donor restrictions | $160,697 |
| 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 | $197,662 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maquoketa Area Chamber Of Commerce has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Genesis Health System Davenport, IA PURPOSE: Community fireworks sponsorship | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
National Association Of Electrical Distributors St Louis, MO | $12,015,051 | $10,580,917 |
Chicagoland Entrepreneurial Center Chicago, IL | $5,911,149 | $8,140,473 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
Property Loss Research Bureau Downers Grove, IL | $29,282,847 | $8,342,411 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Residential Real Estate Council Chicago, IL | $27,056,402 | $11,169,926 |
Engine Manufacturers Association Chicago, IL | $15,542,068 | $8,146,219 |
National Board Of Certification And Recert Of Nurse Anesthetists Chicago, IL | $34,872,411 | $14,011,594 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |