Washington Chamber Of Commerce
- Assets
- $2.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Washington, MO
- Founding
- 01/1970
- Data as of
- 12/2021
- EIN
- 43-0647107
Organization Overview
Washington Chamber Of Commerce is located in Washington, MO. The organization was established in 1970. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Washington Chamber Of Commerce employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington 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, Washington Chamber Of Commerce generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.3% each year . All expenses for the organization totaled $600.0k during the year ending 12/2021. While expenses have increased by 23.2% 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
ECONOMIC/COMMUNITY DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES ARE RELATED TO THE ORGANIZATION'S PURPOSE OF ECONOMIC AND COMMUNITY DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Ballmann Past Fair Ch | OfficerTrustee | $0 | |
Don Grahl Director | OfficerTrustee | $0 | |
Scott Mentz Director | OfficerTrustee | $0 | |
Tricia Piontek Director | OfficerTrustee | $0 | |
Kevin Richardson Director | OfficerTrustee | $0 | |
Paul Brune Ex Officer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,039,833 |
| 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 | $1,039,833 |
| Total Program Service Revenue | $313,863 |
| Investment income | $5,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $608,573 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,972,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,270 |
| Grants and other assistance to domestic individuals. | $7,750 |
| 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 | $215,809 |
| Pension plan accruals and contributions | $5,720 |
| Other employee benefits | $33,640 |
| Payroll taxes | $16,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $149,023 |
| Office expenses | $9,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,565 |
| Travel | $1,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,618 |
| Interest | $2,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,296 |
| Insurance | $7,721 |
| All other expenses | $1,613 |
| Total functional expenses | $599,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,731 |
| Savings and temporary cash investments | $1,316,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,362 |
| 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 | $1,043,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,716,594 |
| Accounts payable and accrued expenses | $28,705 |
| Grants payable | $0 |
| Deferred revenue | $5,355 |
| 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 | $0 |
| Total liabilities | $34,060 |
| 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 | $2,682,534 |
| Total liabilities and net assets/fund balances | $2,716,594 |
Grants Awarded
Over the last fiscal year, Washington Chamber Of Commerce has awarded $24,392 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF WASHINGTON PURPOSE: ECONOMIC DEVELOPMENT | $14,000 |
VARIOUS OTHER CHARITIES PURPOSE: GENERAL SUPPORT | $5,316 |
CITIZENS FOR LOCAL PROGRESS | | | $5,076 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Sevierville Chamber Of Commerce Inc Sevierville, TN | $2,086,252 | $5,895,528 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |