Milbank Area Chamber Of Commerce

Organization Overview

Milbank Area Chamber Of Commerce is located in Milbank, SD. The organization was established in 1990. 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 09/2023, Milbank Area Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milbank 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 09/2023, Milbank Area Chamber Of Commerce generated $313.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $341.1k during the year ending 09/2023. While expenses have increased by 3.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE CHAMBER IS TO AID IN THE PROMOTION OF BUSINESS IN THE COMMUNITY OF MILBANK, SOUTH DAKOTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MISSION OF THE CHAMBER IS TO AID IN THE PROMOTION OF BUSINESS IN THE COMMUNITY OF MILBANK, SOUTH DAKOTA. THEY HOLD VARIOUS PROMOTIONAL MEETINGS/PROGRAMS THROUGHOUT THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Jamie Henderson
Executive Di
$43,966
Becky Boswell
Member
$0
Elli Grabow-Fischer
Member
$0
Travis Lester
Member
$0
Alex Pauli
Member
$0
Dwight Samson
Past Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$37,026
Fundraising events$0
Related organizations$0
Government grants $32,000
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$69,026
Total Program Service Revenue$242,307
Investment income $49
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 $313,758

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