Sturgis Chamber Of Commerce
- Assets
- $290.5k
- Revenue
- $270.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Sturgis, SD
- Founding
- 06/1970
- Data as of
- 12/2021
- EIN
- 46-0210083
Organization Overview
Sturgis Chamber Of Commerce is located in Sturgis, SD. The organization was established in 1970. 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 12/2021, Sturgis Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sturgis 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 12/2021, Sturgis Chamber Of Commerce generated $270.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $226.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE TOURISM AND CIVIC PROGRESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE TOURISM; SPONSOR AND PROMOTE LOCAL EVENTS AND ORGANIZATIONS WHICH BENEFIT CIVIC, COMMERCIAL & INDUSTRIAL PROGRESS OF THE COMMUNITY. BUSINESS PROMOTIONS, COMMUNITY PRIDE; AG APPRECIATION COMMITTES ARE EXAMPLES. NEWSLETTERS ARE EMAILED TO MEMBERS TO KEEP THEM INFORMED ABOUT COMMUNITY EVENTS AND ITEMS OF INTEREST IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kami Grubl Past-Preside | OfficerTrustee | 1 | $0 |
Emma Garvin Past-Preside | OfficerTrustee | 1 | $0 |
Stuart Johnson President | OfficerTrustee | 1 | $0 |
Gary Aitken Treasurer | Trustee | 1 | $0 |
Richelle Bruch Director | Trustee | 1 | $0 |
Ross English Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,627 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,335 |
| 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 | $221,962 |
| Total Program Service Revenue | $48,619 |
| Investment income | $0 |
| 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 | $270,581 |
| 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. | $65,146 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,343 |
| Office expenses | $5,887 |
| Information technology | $2,240 |
| Royalties | $0 |
| Occupancy | $19,899 |
| Travel | $559 |
| 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 | $7,591 |
| Insurance | $2,167 |
| All other expenses | $11,637 |
| Total functional expenses | $226,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,405 |
| Savings and temporary cash investments | $0 |
| 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 | $209 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $170,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $290,534 |
| Accounts payable and accrued expenses | $2,171 |
| 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 | $16,390 |
| Total liabilities | $18,561 |
| Net assets without donor restrictions | $271,973 |
| 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 | $290,534 |
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|---|---|---|
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Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
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Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |