Colby Area Chamber Of Commerce Inc
- Assets
- $1.3m
- Revenue
- $748.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Colby, KS
- Founding
- 11/1981
- Data as of
- 03/2024
- EIN
- 48-0506511
Organization Overview
Colby Area Chamber Of Commerce Inc is located in Colby, KS. The organization was established in 1981. 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 03/2024, Colby Area Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colby Area Chamber Of Commerce Inc 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 03/2024, Colby Area Chamber Of Commerce Inc generated $748.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $667.6k during the year ending 03/2024. While expenses have increased by 6.2% per year over the past 8 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.
Since 2015, Colby Area Chamber Of Commerce Inc has awarded 27 individual grants totaling $588,593. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES THOMAS COUNTY KANSAS BOTH AS AN EXCELLENT PLACE TO LIVE, WORK, SHOP AND VISIT; AND THE CIVIC AND COMMERCIAL PROGRESS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PICKIN ON THE PLAINS BLUEGRASS FESTIVAL IS A THREE DAY EVENT HELD THE THIRD WEEKEND OF JULY AT THE THOMAS COUNTY KANSAS FAIRGROUNDS. A FULL SLATE OF LOCAL AND MIDWEST AREA BANDS PERFORM UNDER AN AIR-COOLED CANOPY STARTING FRIDAY EVENING THROUGH SUNDAY. YOUTH ACTIVITIES, A CRAFT FAIR AND MUSICAL WORKSHOPS ARE ALSO PART OF THE ACTIVITIES. THE FESTIVAL PROMOTES (A) AN APPRECIATION OF THE FREE ENTERPRISE SYSTEM, (B) COORDINATES THE EFFORTS OF COMMERCE, INDUSTRY AND THE PROFESSIONS IN MAINTAINING AND STRENGHTENING A SOUND AND HEALTHY BUSINESS CLIMATE IN THE AREA; (C) SPONSORSHIP OF AGGRESSIVE PROGRAMS OF WORK AND STIMULATES ACTIVITIES THAT WILL PROVIDE FOR FULL DEVELOPMENT AND EMPLOYMENT OF OUR HUMAN AND ECONOMIC RESOURCES; (D) CREATIVE BUSINESS LEADERSHIP AND EFFECTIVE COORDINATION OF ALL INTERESTED PARTIES IN SOLVING COMMUNITY PROBLEMS AND IN INITIATING CONSTRUCTIVE COMMUNITY ACTION; (E) CREATING BROAD UNDERSTANDING AND APPRECIATION OF THE GREAT OPPORTUNITIES IN THOMAS COUNTY AND THE ADVANTAGES AND ASSETS OF OUR COMMUNITY.
LET THE COLBY/THOMAS COUNTY CHAMBER OF COMMERCE DO YOUR SHOPPING FOR YOU. CHAMBER GIFT CERTIFICATES ARE A GREAT WAY TO GIVE, AND CAN BE USED TO PURCHASE GOODS AND SERVICES AT MANY THOMAS COUNTY BUSINESSES. THEY CAN BE SPENT FOR QUALITY MERCHANDISE, FOOD AND SERVICES AT RETAIL SHOPS, SERVICE PROVIDERS AND RESTAURANTS. THE GIFT CERTICICATES PROMOTES (A) AN APPRECIATION OF THE FREE ENTERPRISE SYSTEM, (B) COORDINATES THE EFFORTS OF COMMERCE, INDUSTRY AND THE PROFESSIONS IN MAINTAINING AND STRENGHTENING A SOUND AND HEALTHY BUSINESS CLIMATE IN THE AREA; (C) SPONSORSHIP OF AGGRESSIVE PROGRAMS OF WORK AND STIMULATES ACTIVITIES THAT WILL PROVIDE FOR FULL DEVELOPMENT AND EMPLOYMENT OF OUR HUMAN AND ECONOMIC RESOURCES; (D) CREATIVE BUSINESS LEADERSHIP AND EFFECTIVE COORDINATION OF ALL INTERESTED PARTIES IN SOLVING COMMUNITY PROBLEMS AND IN INITIATING CONSTRUCTIVE COMMUNITY ACTION; (E) CREATING BROAD UNDERSTANDING AND APPRECIATION OF THE GREAT OPPORTUNITIES IN THOMAS COUNTY AND THE ADVANTAGES AND ASSETS OF OUR COMMUNITY WITHING THE AREA, THE STATE AND NATION.
THE SUNFLOWER FESTIVAL IS A COMMUNITY EVENT HELD DOWNTOWN COLBY KANSAS AND FIKE PARK IN COLBY KANSAS. THE FESTIVAL PROMOTES (A) AN APPRECIATION OF THE FREE ENTERPRISE SYSTEM, (B) COORDINATES THE EFFORTS OF COMMERCE, INDUSTRY AND THE PROFESSIONS IN MAINTAINING AND STRENGHTENING A SOUND AND HEALTHY BUSINESS CLIMATE IN THE AREA; (C) SPONSORSHIP OF AGGRESSIVE PROGRAMS OF WORK AND STIMULATES ACTIVITIES THAT WILL PROVIDE FOR FULL DEVELOPMENT AND EMPLOYMENT OF OUR HUMAN AND ECONOMIC RESOURCES; (D) CREATIVE BUSINESS LEADERSHIP AND EFFECTIVE COORDINATION OF ALL INTERESTED PARTIES IN SOLVING COMMUNITY PROBLEMS AND IN INITIATING CONSTRUCTIVE COMMUNITY ACTION; (E) CREATING BROAD UNDERSTANDING AND APPRECIATION OF THE GREAT OPPORTUNITIES IN THOMAS COUNTY AND THE ADVANTAGES AND ASSETS OF OUR COMMUNITY WITHIN THE AREA, THE STATE AND NATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Kaus Director | Trustee | 1 | $0 |
Shawn Weigel Director | Trustee | 1 | $0 |
Janice Cates Director | Trustee | 1 | $0 |
Martha Brewer Director | Trustee | 1 | $0 |
Chad Jones Past-Chair | OfficerTrustee | 1 | $0 |
James Rehmer Board Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,983 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $512,160 |
| 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 | $575,143 |
| Total Program Service Revenue | $147,192 |
| Investment income | $22,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,103 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $748,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,355 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,489 |
| Payroll taxes | $14,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,385 |
| Advertising and promotion | $70,452 |
| Office expenses | $12,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,556 |
| Travel | $32,620 |
| 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 | $12,608 |
| Insurance | $7,984 |
| All other expenses | $0 |
| Total functional expenses | $667,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $993,320 |
| Savings and temporary cash investments | $108,842 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $164,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,266,206 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,266,206 |
| Total liabilities and net assets/fund balances | $1,266,206 |
Grants Awarded
Over the last fiscal year, Colby Area Chamber Of Commerce Inc has awarded $87,213 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PRAIRIE MUSEUM OF ART & HISTORY PURPOSE: PRESERVATION OF HISTORICAL ARTIFACTS | $51,213 |
COLBY COMMUNITY COLLEGE PURPOSE: COMMUNITY ACTIVITY PROMOTION | $20,000 |
COLBY PUBLIC SCHOOLS PURPOSE: COMMUNITY ACTIVITY PROMOTION | $10,000 |
RINGNECK CLASSIC PURPOSE: COMMUNITY ACTIVITY PROMOTION | $6,000 |