Norwalk Area Chamber Of Commerce
- Assets
- $122.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, IA
- Founding
- Data as of
- 12/2022
- EIN
- 42-1391907
Organization Overview
Norwalk Area Chamber Of Commerce is located in Norwalk, IA.
For the year ending 12/2022, Norwalk Area Chamber Of Commerce generated $112.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $116.6k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE NEW BUSINESS OPENINGS AND MARKET AREA BUSINESSESTHROUGH SPONSORING EVENTS TO IMPROVE BUSINESS AND COMMUNITY INTERACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucinda Sperry Executive Director | 40 | $46,129 | |
Lindsey Aaron President | 2 | $0 | |
Chad Smith 1st VP | 2 | $0 | |
John Schmidt Treasurer | 1 | $0 | |
Lori Williamson 2nd VP | 1 | $0 | |
Benjamin Pearson Past President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,397 |
| Total Program Service Revenue | $0 |
| Membership dues | $64,645 |
| Investment income | $527 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,986 |
| Other Revenue | $7,205 |
| Total Revenue | $112,760 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,900 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $13,747 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $42,957 |
| Total expenses | $116,604 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,240 |
| Other assets | $0 |
| Total assets | $122,740 |
| Total liabilities | $26,293 |
| Net assets or fund balances | $96,447 |