Sedalia Area Chamber Of Commerce
- Assets
- $122.1k
- Revenue
- $198.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Sedalia, MO
- Founding
- 08/1949
- Data as of
- 12/2022
- EIN
- 44-0426750
Organization Overview
Sedalia Area Chamber Of Commerce is located in Sedalia, MO. The organization was established in 1949. 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 12/2022, Sedalia Area Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sedalia 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 12/2022, Sedalia Area Chamber Of Commerce generated $198.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $219.8k during the year ending 12/2022. 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
THE PURPOSE OF THE SEDALIA AREA CHAMBER OF COMMERCE IS TO PROMOTE AND ENCOURAGE BUSINESS ACTIVITY AND TO IMPROVE THE QUALITY OF LIFE IN SEDALIA FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXTENDS A NEIGHBORHOOD CONCEPT TO WHITEMAN AIR FORCE BASE AND PROMOTES SEDALIA TO NEWLY STATIONED PERSONNEL THROUGH THE PROGRAM "RIGHT START." THE MILITARY AFFAIRS COMMITTEE DISTRIBUTES SEDALIA INFORMATION TO MILITARY PERSONNEL, HOSTS THE WHITEMAN MEMORIAL WREATH CEREMONY, AND SUPPORTS WHITEMAN AIR FORCE BASE ACTIVITIES. THESE MAY INCLUDE THE AIR SHOW, TOPS IN BLUE PERFORMANCE, QUARTERLY AND ANNUAL AWARDS, AND BASE COMMUNITY COUNCIL FUNCTIONS.
LEADERSHIP SEDALIA - THE SEDALIA AREA CHAMBER OF COMMERCE LEADERSHIP DEVELOPMENT PROGRAM IS A COMPREHENSIVE LEADERSHIP-TRAINING CURRICULUM. SINCE 1987, APPROXIMATELY THREE HUNDRED VERY DIVERSE CURRENT AND EMERGING LEADERS HAVE COME TOGETHER THROUGH LEADERSHIP SEDALIA TO BUILD UPON THEIR LEADERSHIP SKILLS, TO STRENGTHEN INDIVIDUAL NETWORKING TECHNIQUES, TO INCREASE COMMUNITY AWARENESS, AND TO INCREASE INVOLVEMENT WITHIN THE COMMUNITY. EXPENSES 10,750 REVENUE 500
THE SEDALIA CHAMBER HAS A MONTHLY BREAKFAST ON THE SECOND THURSDAY OF THE MONTH AT THE LIFE POINTE CHURCH IN SEDALIA. THIS EVENT BRINGS THE CHAMBER COMMUNITY TOGETHER TO SHARE INFORMATION ABOUT LOCAL BUSINESSES.
THE SEDALIA CHAMBER HOSTS AN ANNUAL AWARDS BANQUET IN MARCH TO GIVE HONOR TO BUSINESSES AND INDIVIDUALS THAT HAVE WENT ABOVE AND BEYOND WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Israel Baeza Ex Officio B | Trustee | 0.5 | $0 |
Sonny Broyles President El | OfficerTrustee | 1 | $0 |
Joleigh Cornine Ex-Officio B | Trustee | 0.5 | $0 |
Jessica Craig Ex Officio B | Trustee | 0.5 | $0 |
Carolyn Crooker Ex Officio B | Trustee | 0.5 | $0 |
Greg Eby Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $122,055 |
| Fundraising events | $28,848 |
| 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 | $8,470 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,903 |
| Total Program Service Revenue | $40,467 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$70 |
| Net Income from Fundraising Events | $2,240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,512 |
| 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 | $97,434 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,500 |
| 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 | $9,133 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,975 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,093 |
| Insurance | $0 |
| All other expenses | $17,838 |
| Total functional expenses | $219,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,198 |
| Savings and temporary cash investments | $23,553 |
| 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 | $4,397 |
| Net Land, buildings, and equipment | $1,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,065 |
| Accounts payable and accrued expenses | $8,231 |
| 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 | $0 |
| Total liabilities | $8,231 |
| 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 | $113,834 |
| Total liabilities and net assets/fund balances | $122,065 |