Troy Chamber Of Commerce
- Assets
- $802.9k
- Revenue
- $264.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Troy, MO
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 43-1472928
Organization Overview
Troy Chamber Of Commerce, operating under the name Troy Area Chamber Of Commerce, is located in Troy, MO. The organization was established in 1997. 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, Troy Area Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Troy 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, Troy Area Chamber Of Commerce generated $264.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $228.9k during the year ending 12/2021. 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
ENTITY IS A LEAGUE OF BUSINESS OWNERS THAT PROMOTES SERVICES AND NETWORKING FOR ALL MEMBERS. ENTITY ADMINISTERS ECONOMIC DEVELOPMENT COMMITTEE AND CONVENTION AND VISITORS BUREAU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER SECURES BILLBOARD ADVERTISING SPACE FOR CHAMBER MEMBERS ONLY AND NEGOTIATES THE CONTRACT AND PRICE, THEN OFFERING IT IN SMALLER INCREMENTS TO MEMBERS.
THE CHAMBER HOSTS A DOWNTOWN CAR SHOW ANNUALLY TO BRING VISITORS TO THE AREA AND SPECIFICALLY TO DOWNTOWN MERCHANTS.
THE CHAMBER HOSTS AN ANNUAL INSTALLATION BANQUET TO BRING TOGETHER MEMBERS OF THE COMMUNITY, INSTALL OFFICERS, HONOR LOCAL AWARDEES, AND GENERATE EXCITEMENT FOR THE UPCOMING YEARS EVENTS AND INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Mooney Past President | OfficerTrustee | 1 | $0 |
Holly Hite Secretary | OfficerTrustee | 11 | $0 |
Justin Butler President | OfficerTrustee | 4 | $0 |
Casey Boyer Vice President | OfficerTrustee | 2 | $0 |
Taylor Premer President Elect | Officer | 21 | $0 |
Austin Rhodes Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,963 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,463 |
| Total Program Service Revenue | $146,939 |
| Investment income | $59 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,359 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $264,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,717 |
| 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 | $48,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,845 |
| Payroll taxes | $3,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,856 |
| Fees for services: Accounting | $1,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,872 |
| Office expenses | $14,620 |
| Information technology | $1,850 |
| Royalties | $0 |
| Occupancy | $14,466 |
| Travel | $336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,829 |
| Interest | $3,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,140 |
| Insurance | $5,678 |
| All other expenses | $0 |
| Total functional expenses | $228,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,802 |
| Savings and temporary cash investments | $30,997 |
| 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 | $615,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $802,930 |
| Accounts payable and accrued expenses | $1,397 |
| 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 | $38,951 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,348 |
| 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 | $762,582 |
| Total liabilities and net assets/fund balances | $802,930 |
Grants Awarded
Over the last fiscal year, Troy Chamber Of Commerce has awarded $37,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KIWANIS PARK PROJECT PURPOSE: INCLUSIVE PARK CONSTRUCTION | $15,000 |
Troy, MO PURPOSE: FUNDING FOR ANNUAL COUNTY FAIR | $12,000 |
TROY ROTARY PURPOSE: COMMUNITY FIREWORKS | $8,500 |
TROY R-III SCHOOL PURPOSE: SHOW CHOIR INVITATIONAL SPONSORSHIP | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
Dairy Promotion Inc Kansas City, KS | $585,537 | $75,669,129 |
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 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |