Clarinda Chamber Of Commerce is located in Clarinda, IA. The organization was established in 1988. 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, Clarinda Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarinda 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, Clarinda Chamber Of Commerce generated $236.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $188.2k during the year ending 12/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CITY AND AREA ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENT AND BEAUTIFICATION OF DOWNTOWN AREA, TOOK STEPS TO DRAW IN NEW BUSINESSES TO THE COMMUNITY, PROMOTED THE LOCAL COMMUNITY AND BUSINESSES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elaine Farwell Executive Director | OfficerTrustee | 40 | $55,231 |
Beckie Finch Vice-President | Officer | 4 | $0 |
Jake Jobe President | Officer | 5 | $0 |
Travis Stout Vice-President | Officer | 4 | $0 |
Heidi Davis Associate Vice President | Officer | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $81,002 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $17,200 |
All other contributions, gifts, grants, and similar amounts not included above | $104,531 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $202,733 |
Total Program Service Revenue | $0 |
Investment income | $953 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $32,758 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $236,444 |
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. | $55,231 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $36,247 |
Pension plan accruals and contributions | $1,927 |
Other employee benefits | $8,679 |
Payroll taxes | $7,166 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $608 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $83 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $30,319 |
Travel | $99 |
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 | $0 |
All other expenses | $0 |
Total functional expenses | $188,249 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $80,805 |
Savings and temporary cash investments | $119,602 |
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 | $61,567 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $261,974 |
Accounts payable and accrued expenses | $2,874 |
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 | $91,900 |
Total liabilities | $94,774 |
Net assets without donor restrictions | $0 |
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 | $167,200 |
Total liabilities and net assets/fund balances | $261,974 |
Over the last fiscal year, we have identified 2 grants that Clarinda Chamber Of Commerce has recieved totaling $16,000.
Awarding Organization | Amount |
---|---|
Clarinda Foundation Inc Clarinda, IA PURPOSE: COMM IMPROVEMENT | $15,000 |
Earl N And Mabel Bragg Bossingham Foundation Council Bluffs, IA PURPOSE: LOCAL BUSINESS DEVELOPMENT | $1,000 |
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 |