Deadwood Area Chamber Of Commerce & Vb

Organization Overview

Deadwood Area Chamber Of Commerce & Vb is located in Deadwood, SD. The organization was established in 1942. 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, Deadwood Area Chamber Of Commerce & Vb employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deadwood Area Chamber Of Commerce & Vb 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, Deadwood Area Chamber Of Commerce & Vb generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE CHAMBER PROMOTES THE CITY OF DEADWOOD AND THE SURROUNDING AREA AND ENCOURAGES ECONOMIC DEVELOPMENT AND EXPANSION THROUGH THE NUMEROUS COMMITTEES AND ACTIVITIES IT SUPPORTS AND PROMOTES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CHAMBER STAGES SEVERAL SPECIAL EVENTS THROUGHOUT THE YEAR. THESE EVENTS ATTRACT A LARGE AUDIENCE TO THE CITY AND THE REGION. THE PEOPLE WHO COME TO THE AREA FOR THE EVENTS SPEND A GREAT DEAL OF TIME AND MONEY WITH THE LOCAL BUSINESS COMMUNITY AND ALSO ARE EXPOSED TO THE LOCAL HISTORY AND OTHER AREA HISTORICAL ATTRACTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Lee Harstad
Director
$98,229
Louie Lalonde
President
$0
Michelle Fischer
Vice-President
$0
Tom Koth
Secretary
$0
Susan Kightlinger
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$95,060
Fundraising events$0
Related organizations$0
Government grants $1,297,237
All other contributions, gifts, grants, and similar amounts not included above$169,801
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,562,098
Total Program Service Revenue$0
Investment income $1
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$342,588
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,658
Miscellaneous Revenue$0
Total Revenue $1,241,469

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