Hermann Area Chamber Of Commerce is located in Hermann, MO. The organization was established in 1991. 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, Hermann Area Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hermann 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 12/2021, Hermann Area Chamber Of Commerce generated $382.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $357.6k during the year ending 12/2021. While expenses have increased by 11.1% 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
THE ORGANIZATION IS A CHAMBER OF COMMERCE, SERVING HERMANN, MISSOURI AND THE SURROUNDING TRADE AREA. THE PRINCIPAL GOALS ARE TO FOSTER AND STIMULATE COMMERCE, TRADE, BUSINESS, FINANCE, AND PROFESSIONAL INTEREST IN THE SERVICE AREA AND TO PROMOTE THE COMMERCIAL, INDUSTRIAL, AND ECONOMIC WELL-BEING OF THE COMMUNITY. THE CHAMBER SERVES AS A CLEARINGHOUSE FOR INFORMATION ABOUT THE COMMUNITY, BY BOTH RESPONDING TO INQUIRIES AND CONDUCTING ADVERTISING PROMOTIONS RELATIVE TO LOCAL BUSINESS ACTIVITIES, TOURIST-ORIENTED EVENTS, INDUSTRIAL SITE AVAILABILITIES, AND COMMUNITY BETTERMENT PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE WAY IN WHICH THE CHAMBER HAS STRIVED TO ACHIEVE THOSE PURPOSES HAS BEEN BY CONDUCTING OR SPONSORING THE FOLLOWING EVENTS: ANNUAL WURSTFEST EACH MARCH TO PROMOTE LOCAL SAUSAGE-MAKERS, MEAT-PACKERS, AND FOOD SERVICE ESTABLISHMENTS; ANNUAL SUMMER AND FALL ANTIQUE SHOWS, TO PROMOTE LOCAL ANTIQUE SHOPS AND THE TOURISM INDUSTRY IN GENERAL; ANNUAL MAIFEST BEER GARDEN AND ENTERTAINMENT AREA (IN COOPERATION WITH THE HERMANN LIONS CLUB); ANNUAL CHRISTMAS TIME IN HERMANN, TO ENCOURAGE LOCAL BUSINESSES AND RESIDENTS TO DISPLAY SEASONAL DECORATIONS, IN PART BY MEANS OF CONTESTS FOR BEST CHRISTMAS LIGHTING AND GINGERBREAD HOUSE BUILDING. ALL OF THESE ACTIVITIES ARE CONDUCTED WITH VOLUNTEER LABOR AND FREQUENTLY WITH DONATED SUPPLIES.
THE CHAMBER HAS SUPPORTED MANY COMMUNITY IMPROVEMENTS PROJECTS, SUCH AS OPEN HOUSE ACTIVITIES FOR NEW INDUSTRIES, REFUSE CONTAINER COVER REPLACEMENT PROGRAM, COMMUNITY AND SPECIAL EVENT ADVERTISEMENT PROGRAMS, U.S. CONSTITUTIONAL BICENTENNIAL CELEBRATION, FENCING OF THE CITY PARK, TOLL-FREE TELEPHONE LINE FOR INFORMATION ABOUT HERMANN, PUBLICATION AND DISTRIBUTION OF BROCHURES FOR INFORMATION ABOUT TOURISM AND INDUSTRIAL EXPANSION OPPORTUNITIES IN HERMANN. A CURRENT PROJECT FOR WHICH FUNDS ARE BEING RAISED IS THE CONSTRUCTION OF A PERMANENT AMTRAK PASSENGER PLATFORM. THE CHAMBER HAS RECENTLY PROMOTED INDUSTRIAL GROWTH WITHIN THE COMMUNITY BY CONSTRUCTING A NEW MANUFACTURING FACILITY IN THE HERMANN INDUSTRIAL PARK WHICH IS LEASED TO AN INDUSTRIAL GEAR MANUFACTURER. THE CHAMBER ROLE WAS VITAL TO PROCURING FINANCING FOR CONSTRUCTION OF THE BUILDING, WHICH WAS ITSELF A PREREQUISITE TO ATTRACTING THE NEW INDUSTRY TO THE COMMUNITY. THE CHAMBER, IN COOPERATION WITH THE CITY GOVERNMENT AND THE LOCAL INDUSTRIAL DEVELOPMENT AUTHORITY, SECURED A CONSTRUCTION LOAN FOR THE FACILITY FROM A CONSORTIUM OF THREE LOCAL BANKS. RENTAL PAYMENTS FROM THE INDUSTRIAL TENANT ARE SUFFICIENT TO SERVICE THE LOAN AND GRADUALLY BUILD UP A FUND TO BE USED FOR FUTURE INDUSTRIAL DEVELOPMENT PROJECTS. MONTHLY MEETINGS OF THE CHAMBER MEMBERSHIP PROVIDE A FORUM FOR BUSINESS PEOPLE AND RESIDENTS TO INTERACT, EXPRESS THEIR CONCERNS, AND DEVELOP THEIR COMMON INTERESTS. THE GENERAL NATURE OF THE CHAMBER'S ACTIVITIES IS PROBABLY TYPICAL OF LOCAL CHAMBERS OF COMMERCE ACROSS THE COUNTRY. MUCH OF THE RESPONSIBILITY FOR CARRYING OUT THE ORGANIZATION'S PURPOSES IS DELEGATED TO ITS STANDING COMMITTEES, WHICH INCLUDE THE FOLLOWING: ECONOMIC DEVELOPMENT COMMITTEE, WHICH WORKS WITH THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF HERMANN, MISSOURI, TO PROMOTE GROWTH OF INDUSTRIAL AND MANUFACTURING BUSINESS AND INCREASE EMPLOYMENT OPPORTUNITIES WITHIN THE AREA; HERMANN TOURISM GROUP, COMPOSED OF MEMBERS DIRECTLY INVOLVED IN TOURISM BUSINESS IN THE AREA, WITH RESPONSIBILITY FOR COORDINATING ADVERTISING CAMPAIGNS, BILLBOARD ADVERTISING, AND BROCHURE PREPARATION AND FOR OPERATION OF A VISITORS' INFORMATION CENTER; BUSINESS AND PROFESSIONAL COMMITTEE, WHICH IN COOPERATION WITH THE UNIVERSITY OF MISSOURI EXTENSION SERVICE AND MERAMEC REGIONAL PLANNING COMMISSION ASSISTS LOCAL BUSINESSES IN SALESMANSHIP TECHNIQUES AND BOOKKEEPING REQUIREMENTS THROUGH CLASSROOM INSTRUCTION AND DISCUSSION GROUPS, AND WHICH SPONSORS THE "SHOP HERMANN FIRST" PROMOTION, AND WHICH SPONSORS SPRING AND FALL SIDEWALK SALE PROMOTIONS WITHIN THE RETAIL BUSINESSES; MEMBERSHIP COMMITTEE, WHICH SOLICITS NEW MEMBERS AND GREATER PARTICIPATION BY EXISTING MEMBERS, AND PROVIDES NEW BUSINESSES WITHIN THE AREA WITH INFORMATION ABOUT CHAMBER ACTIVITIES AND PURPOSES; RIVERFRONT PARK COMMITTEE, WHICH COORDINATES EFFORTS OF THE CHAMBER AND OTHER CIVIC ORGANIZATIONS TO ESTABLISH A PUBLIC PARK ON THE BANK OF THE MISSOURI RIVER; AND THE FACTORY COMMITTEE, WHICH SERVES AS LIAISON BETWEEN THE CITY AND THE INDUSTRIAL TENANT WHICH OCCUPIES THE CHAMBER'S FACILITY IN THE INDUSTRIAL PARK.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melissa Lensing Executive Di | Officer | 40 | $33,597 |
Pamela Jacquin 1st Vice Pre | OfficerTrustee | $0 | |
Hannah James Secretary | OfficerTrustee | $0 | |
Colleen Murphy 2nd Vice Pre | OfficerTrustee | $0 | |
Gary Watts President | OfficerTrustee | $0 | |
Megan Stiers Treasurer | OfficerTrustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $25,000 |
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 | $25,000 |
Total Program Service Revenue | $343,770 |
Investment income | $1,063 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $11,913 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $382,437 |
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 | $117,132 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,355 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $860 |
Advertising and promotion | $310 |
Office expenses | $10,499 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,688 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $620 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,984 |
Insurance | $3,904 |
All other expenses | $16,410 |
Total functional expenses | $357,593 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $162,691 |
Savings and temporary cash investments | $76,483 |
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 | $7,459 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $246,633 |
Accounts payable and accrued expenses | $6,505 |
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 | $43,481 |
Total liabilities | $49,986 |
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 | $196,647 |
Total liabilities and net assets/fund balances | $246,633 |
Organization Name | Assets | Revenue |
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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 |
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Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |