Huron Chamber Of Commerce & Visitors Bureau
- Assets
- $664.5k
- Revenue
- $771.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Huron, SD
- Founding
- 12/1942
- Data as of
- 12/2022
- EIN
- 46-0149050
Organization Overview
Huron Chamber Of Commerce & Visitors Bureau is located in Huron, SD. The organization was established in 1942. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Huron Chamber Of Commerce & Visitors Bureau employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huron Chamber Of Commerce & Visitors Bureau 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, Huron Chamber Of Commerce & Visitors Bureau generated $771.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $790.6k 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
SERVING MEMBERS BY STRENGTHENING BUSINESS, SUPPORTING VISITORS AND ENHANCING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES RELATING TO PROMOTION OF THE AREA AND BUSINESS INTERESTS OF THE COMMUNITY INCLUDING TOURISM ADVERTISING, RETAIL PROMOTIONS, ADVERTISING & COMMUNITY PUBLIC RELATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Shelton President & | Officer | 40 | $77,062 |
Tori Buffington Director | Trustee | 1 | $0 |
Chanelle Coss Director | Trustee | 1 | $0 |
Ryan Hofer Director | Trustee | 1 | $0 |
Leo Jensen Director | Trustee | 1 | $0 |
Craig Lee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,000 |
| 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 | $255,000 |
| Total Program Service Revenue | $514,691 |
| Investment income | $1,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $771,237 |
| 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. | $86,381 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,236 |
| Pension plan accruals and contributions | $3,704 |
| Other employee benefits | $37,801 |
| Payroll taxes | $14,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,418 |
| Office expenses | $24,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,178 |
| Travel | $11,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,836 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,224 |
| Insurance | $6,071 |
| All other expenses | $131,713 |
| Total functional expenses | $790,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449 |
| Savings and temporary cash investments | $506,249 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,620 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,778 |
| Prepaid expenses and deferred charges | $6,631 |
| Net Land, buildings, and equipment | $22,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,982 |
| Total assets | $664,462 |
| Accounts payable and accrued expenses | $40,510 |
| Grants payable | $0 |
| Deferred revenue | $300 |
| 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 | $78,042 |
| Total liabilities | $118,852 |
| Net assets without donor restrictions | $545,610 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $664,462 |