Lake Area Chamber Of Commerce Inc

Organization Overview

Lake Area Chamber Of Commerce Inc is located in Lake Ozark, MO. 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 12/2023, Lake Area Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Area Chamber Of Commerce Inc 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 12/2023, Lake Area Chamber Of Commerce Inc generated $269.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $256.5k during the year ending 12/2023. While expenses have increased by 3.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AND IMPROVE THE ECONOMIC AND COMMUNITY PROSPERITY IN THE LAKE OF THE OZARKS AREA THROUGH MUTUALLY BENEFICIAL RELATIONSHIPS ALL WHILE PROVIDING SERVICES TO AND ADVOCATING FOR BUSINESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ORGANIZATION IS A LOCAL CHAMBER OF COMMERCE WHOSE MISSION IS TO ORGANIZE THE BUSINESS COMMUNITY TO REPRESENT AND PROMOTE BUSINESSES AND THE COMMUNITY AT LARGE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$144,594
Fundraising events$0
Related organizations$0
Government grants $0
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$144,594
Total Program Service Revenue$31,676
Investment income $603
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $91,803
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $269,104

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