Maquoketa Area Chamber Of Commerce
- Assets
- $215.4k
- Revenue
- $116.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Maquoketa, IA
- Founding
- 02/1979
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Maquoketa Area Chamber Of Commerce generated $116.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $103.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
2022
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 SECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Cottle President | OfficerTrustee | 2 | $0 |
Peter Hoff Director | Trustee | 1 | $0 |
Jeni Joos Vice Preside | OfficerTrustee | 2 | $0 |
Angie Lichtenstein Director | Trustee | 1 | $0 |
Chris Schafer Director | Trustee | 1 | $0 |
Kathy Seyfert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $60,370 |
| Fundraising events | $34,459 |
| Related organizations | $0 |
| Government grants | $20,000 |
| 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 | $114,829 |
| Total Program Service Revenue | $1,118 |
| Investment income | $787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,746 |
| 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 | $69,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $770 |
| Payroll taxes | $5,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,973 |
| Advertising and promotion | $3,992 |
| Office expenses | $1,918 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,360 |
| Travel | $407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,022 |
| Insurance | $2,625 |
| All other expenses | $0 |
| Total functional expenses | $103,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,994 |
| Savings and temporary cash investments | $116,551 |
| 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 | $2,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,000 |
| Total assets | $215,389 |
| Accounts payable and accrued expenses | $2,075 |
| Grants payable | $0 |
| Deferred revenue | $20,028 |
| 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 | $19,479 |
| Total liabilities | $41,582 |
| Net assets without donor restrictions | $173,807 |
| 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 | $215,389 |