Dexter Chamber Of Commerce Development Inc is located in Dexter, MO. The organization was established in 1990. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dexter Chamber Of Commerce Development Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, Dexter Chamber Of Commerce Development Inc generated $777.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $44.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TITLE HOLDING COMPANY FOR DEXTER CHAMBER OF COMMERCE, INC
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTITY HOLDS PROPERTY, COLLECTS RENT & PAYS VARIOUS PROPERTY EXPENSES OF DEXTER CHAMBER OF COMMERCE INC UNDER IRC 501(C)(2).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alisha Trammell President | OfficerTrustee | 2 | $0 |
Matthew Ternes Vice Preside | OfficerTrustee | 1 | $0 |
Cecil Haley Secretary | OfficerTrustee | 1 | $0 |
Tara Barker Director | Trustee | 1 | $0 |
Dustin Mayer Director | Trustee | 1 | $0 |
Matthew Harris Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
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 | $0 |
Total Program Service Revenue | $0 |
Investment income | $13,974 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $399,939 |
Net Gain/Loss on Asset Sales | $363,340 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $777,253 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,500 |
Fees for services: Accounting | $650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,075 |
Information technology | $737 |
Royalties | $0 |
Occupancy | $10,892 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $7,309 |
Payments to affiliates | $12,000 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,106 |
All other expenses | $40 |
Total functional expenses | $44,945 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $150 |
Savings and temporary cash investments | $1,100,875 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $132,328 |
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 | $5,248,627 |
Investments—publicly traded securities | $217,893 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,810 |
Total assets | $6,703,683 |
Accounts payable and accrued expenses | $0 |
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 | $671,287 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $53,815 |
Total liabilities | $725,102 |
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 | $5,978,581 |
Total liabilities and net assets/fund balances | $6,703,683 |
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