Kalona Chamber Of Commerce
- Assets
- $39.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kalona, IA
- Founding
- 12/2000
- Data as of
- 09/2024
- EIN
- 42-1356376
Organization Overview
Kalona Chamber Of Commerce is located in Kalona, IA. The organization was established in 2000. 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. Kalona 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 09/2024, Kalona Chamber Of Commerce generated $196.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $189.2k during the year ending 09/2024. While expenses have increased by 10.2% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND SUPPORT KALONA-AREA BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Hagen Board Member | 1 | $0 | |
Pam Thomas Board Member | 1 | $0 | |
Kris Burns Treasurer | 2 | $0 | |
Karma Brokaw Board Member | 1 | $0 | |
Grace Schumann Secretary | 2 | $0 | |
Lyndon Hershberger Past Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $162,837 |
| Membership dues | $33,994 |
| Investment income | $22 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $196,853 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,134 |
| Professional fees and other payments to independent contractors | $4,507 |
| Occupancy, rent, utilities, and maintenance | $6,852 |
| Printing, publications, postage, and shipping | $340 |
| Other expenses | $126,410 |
| Total expenses | $189,243 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,800 |
| Other assets | $0 |
| Total assets | $38,950 |
| Total liabilities | $13,600 |
| Net assets or fund balances | $25,350 |