Chamber Of Commerce Of Greater Kansas City
- Assets
- $4.2m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 45
- Location
- Kansas City, MO
- Founding
- 00/0000
- Data as of
- 10/2023
- EIN
- 44-0196840
Organization Overview
Chamber Of Commerce Of Greater Kansas City is located in Kansas City, MO. The organization was established in 0000. 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 10/2023, Chamber Of Commerce Of Greater Kansas City employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Of Greater Kansas City 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 10/2023, Chamber Of Commerce Of Greater Kansas City generated $5.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $5.3m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEADING THE WAY TO THE BEST KC REGION BY CONVENING INNOVATIVE LEADERS, COLLABORATING WITH LIKE-MINDED ORGANIZATIONS, ADVOCATING FOR POSITIVE CHANGE, AND HELPING SMALL BUSINESSES GROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FOCUS ON GROWING THE REGION'S ECONOMY, ADVOCATING BUSINESSES' INTERESTS IN THE PUBLIC POLICY ARENA, INCREASING OUR MEMBERS' VISIBILITY AND CONNECTIVITY, AND PROVIDING INNOVATIVE PROGRAMS AND RESOURCES THAT HELP MEMBERS GROW THEIR BUSINESSES. OUR PROGRAMS HELP OUR MEMBERSHIP DEVELOP THE SKILL SETS NEEDED TO SUCCEED IN AN EVER-CHANGING ECONOMIC ENVIRONMENT BY PROVIDING SEMINARS, CLASSES, NETWORKING EVENTS, MENTORING OPPORTUNITIES, AND INFORMATION TO ADVANCE THEIR BUSINESSES TO THE NEXT STAGE. WE BELIEVE STRONG BUSINESSES BUILD A STRONG REGIONAL ECONOMY.
THE CHAMBER ACTIVELY ADVOCATES FOR BUSINESS INTERESTS IN THE PUBLIC POLICY ARENA LOCALLY AND REGIONALLY BY PROVIDING THE MEMBERSHIP OPPORTUNITIES TO BECOME MORE VISIBLE AND BETTER CONNECTED WITH ELECTED OFFICIALS AT ALL LEVELS OF GOVERNMENT. CHAMBER COMMITTEES MEET AND DEVELOP AGENDAS DESIGNED TO CONVEY TO ELECTED OFFICIALS THE LEGISLATIVE NEEDS OF REGIONAL BUSINESSES. EACH YEAR A LEGISLATIVE AGENDA IS DEVELOPED AND RATIFIED BY THE BOARD OF DIRECTORS.
THE ANNUAL DINNER MEETING PROVIDES THE MEMBERSHIP THE OPPORTUNITY TO BE MORE VISIBLE AND BETTER CONNECTED WITH BUSINESS LEADERS AND ELECTED OFFICIALS WHO ATTEND THIS PREMIER EVENT. PAST AND INCOMING BOARD CHAIRS SHARE THE ACCOMPLISHMENTS OF THE PAST YEAR AND PRESENT PLANS FOR THE NEXT YEAR AND THE FUTURE. THE KANSAS CITIAN OF THE YEAR AWARD IS PRESENTED AS PART OF THE EVENING'S CELEBRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Reardon President An | Officer | 40 | $468,385 |
Cathleen Bennett Sr VP Public | Officer | 40 | $185,455 |
Scott Hall Sr VP Civic/ | Officer | 40 | $185,168 |
David Pruente Sr VP Strate | Officer | 40 | $185,461 |
Rebecca Baumgartner Sr VP People | 40 | $117,914 | |
Melanie Mattes Sr VP Market | 40 | $137,122 |
Financial Statements
| 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 | $67,510 |
| Noncash contributions included in lines 1a–1f | $30,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,510 |
| Total Program Service Revenue | $5,057,609 |
| Investment income | $95,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,337,043 |
| 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. | $1,127,811 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,395,540 |
| Pension plan accruals and contributions | $61,960 |
| Other employee benefits | $238,387 |
| Payroll taxes | $166,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,602 |
| Fees for services: Accounting | $16,325 |
| Fees for services: Lobbying | $66,942 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,084 |
| Fees for services: Other | $72,250 |
| Advertising and promotion | $61,407 |
| Office expenses | $120,857 |
| Information technology | $75,742 |
| Royalties | $0 |
| Occupancy | $410,402 |
| Travel | $18,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,411 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,692 |
| Insurance | $20,514 |
| All other expenses | $285 |
| Total functional expenses | $5,338,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,267 |
| Savings and temporary cash investments | $2,055,486 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,944 |
| 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 | $215,366 |
| Net Land, buildings, and equipment | $114,206 |
| Investments—publicly traded securities | $809,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $996,018 |
| Total assets | $4,218,961 |
| Accounts payable and accrued expenses | $660,251 |
| Grants payable | $0 |
| Deferred revenue | $1,182,016 |
| 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 | $1,086,328 |
| Total liabilities | $2,928,595 |
| Net assets without donor restrictions | $1,283,941 |
| Net assets with donor restrictions | $6,425 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,218,961 |