Lexington Chamber Of Commerce
- Assets
- $142.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, NE
- Founding
- 02/1942
- Data as of
- 12/2022
- EIN
- 47-0220657
Organization Overview
Lexington Chamber Of Commerce is located in Lexington, NE. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington 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, Lexington Chamber Of Commerce generated $128.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $136.4k during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 4 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE LEXINGTON AREA CHAMBER OF COMMERCE PROVIDES NUMEROUS PROGRAMS AND SERVICES TO ENHANCE THE OVERALL BUSINESS CLIMATE OF THE AREA AND DEVELOP THE ECONOMIC AND CULTURAL INTERESTS OF THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elissa Martin President | 7 | $0 | |
Amy Adams Vice President | 5 | $0 | |
Zach Blessin Past President | 5 | $0 | |
Justin Parker Director | 1 | $0 | |
Miranda Stoll Director | 1 | $0 | |
Whitney Bowers Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $200 |
| Total Program Service Revenue | $67,514 |
| Membership dues | $60,329 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $603 |
| Total Revenue | $128,669 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,393 |
| Professional fees and other payments to independent contractors | $1,002 |
| Occupancy, rent, utilities, and maintenance | $6,203 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $65,817 |
| Total expenses | $136,415 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,831 |
| Other assets | $0 |
| Total assets | $142,848 |
| Total liabilities | $104,212 |
| Net assets or fund balances | $38,636 |