Lenexa Chamber Of Commerce Inc
- Assets
- $623.2k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Lenexa, KS
- Founding
- 12/1981
- Data as of
- 12/2023
- EIN
- 48-0797145
Organization Overview
Lenexa Chamber Of Commerce Inc is located in Lenexa, 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 12/2023, Lenexa Chamber Of Commerce Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenexa 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 12/2023, Lenexa Chamber Of Commerce Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $877.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LENEXA CHAMBER OF COMMERCE IS A MEMBERSHIP ORGANIZATION OF BUSINESSES AND INSTITUTIONS DEDICATED TO THE ADVANCEMENT OF THE ECONOMIC, PROFESSIONAL, CULTURAL, AND CIVIC WELFARE OF LENEXA.THE CHAMBER FOCUSES ALL ITS ACTIVITIES ON FOUR KEYS TO BUSINESS SUCCESS: PROVIDING RESOURCES AND TOOLS NECESSARY FOR BUSINESS TO SUCCEED, WORKING TO ADD NEW CUSTOMERS AND TAX BASE TO THE COMMUNITY, PROMOTING A BUSINESS CLIMATE THAT SUPPORTS ECONOMIC STABILITY AND GROWTH, AND PROVIDING LEADERSHIP IN PLANNING FOR THE FUTURE TO ENSURE THE CITY REMAINS A COMMUNITY OF CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH DECADES OF WELL-RESPECTED SERVICE TO THE COMMUNITY, THE LENEXA CHAMBER OF COMMERCE HAS EARNED ITS REPUTATION AS A STRONG VOICE AND RESOURCE ON BEHALF OF AREA BUSINESSES BY ACCOMPLISHING THE FOLLOWING:PROVIDING BUSINESSES WITH THE RESOURCES TO SUCCEED INCLUDING NETWORKING EVENTS TO CULTIVATE BUSINESS RELATIONSHIPS, COST-EFFECTIVE MARKETING, BUSINESS EXPOSURE AND REFERRALS, INFORMATIONAL PROGRAMMING, AND BUSINESS SERVICES;SUPPORTING BUSINESSES BOTTOM LINE BY BRINGING NEW CUSTOMERS, VISITORS, AND INVESTMENT TO THE COMMUNITY THROUGH ECONOMIC DEVELOPMENT AND VISITOR SERVICES;PROACTIVELY PROMOTING LOCAL, STATE, AND FEDERAL POLICIES THAT SUPPORT ECONOMIC GROWTH AND CREATING FORUMS FOR MEANINGFUL INTERACTION BETWEEN CHAMBER MEMBERS AND POLICYMAKERS; ANDBUILDING ALLIANCES AND OPPORTUNITIES TO PLAN FOR THE LONG-TERM VITALITY OF LENEXA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley K Sherard CEO | Officer | 40 | $131,323 |
Laura Baldwin COO | Officer | 40 | $84,615 |
Blake Schreck Former President | 40 | $35,455 | |
Mandy Cawby Director | Trustee | 0 | $0 |
Ryan Biery Sec/treasurer | Trustee | 0 | $0 |
Mark Mcfarland Chairman | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $297,524 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $605,000 |
| 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 | $902,524 |
| Total Program Service Revenue | $66,578 |
| Investment income | $4,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,276 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,031,454 |
| 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. | $251,393 |
| Compensation of current officers, directors, key employees. | $55,306 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,015 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,916 |
| Payroll taxes | $39,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,935 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,584 |
| Travel | $31,327 |
| 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 | $0 |
| Insurance | $3,651 |
| All other expenses | $56,367 |
| Total functional expenses | $877,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,832 |
| Savings and temporary cash investments | $559,416 |
| 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 | $0 |
| Investments—publicly traded securities | $40,923 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $623,171 |
| 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 | $623,171 |
| 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 | $623,171 |