Venice Area Chamber Of Commerce
- Assets
- $1.1m
- Revenue
- $716.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Venice, FL
- Founding
- 09/1942
- Data as of
- 09/2022
- EIN
- 59-0493595
Organization Overview
Venice Area Chamber Of Commerce is located in Venice, FL. 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. As of 09/2022, Venice Area Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venice 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 09/2022, Venice Area Chamber Of Commerce generated $716.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $777.6k during the year ending 09/2022. While expenses have increased by 4.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMERCE IN THE VENICE / NOKOMIS AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE & ENCOURAGE COMMERCE ON LOCAL & NATIONAL LEVEL. PROVIDE COMMUNITY WITH INFORMATION REGARDING LOCAL TRADE & COMMERCE.
SPONSORS LOCAL BUSINESS FAIR WHERE LOCAL ENTERPRISES CAN EXHIBIT THEIR GOODS & SERVICES.
PUBLISHES MONTHLY NEWSLETTER WHICH IS DISTRIBUTED TO ALL MEMBERS. PRODUCES AREA GUIDEBOOK AND MAPS THAT ARE DISTRIBUTED GRATIS TO VISITORS & RESIDENTS.
PROMOTE & ENCOURAGE COMMERCE ON LOCAL & NATIONAL LEVEL. PROVIDE COMMUNITY WITH INFORMATION REGARDING LOCAL TRADE & COMMERCE.
SPONSORS LOCAL BUSINESS FAIR WHERE LOCAL ENTERPRISES CAN EXHIBIT THEIR GOODS & SERVICES.
PUBLISHES MONTHLY NEWSLETTER WHICH IS DISTRIBUTED TO ALL MEMBERS. PRODUCES AREA GUIDEBOOK AND MAPS THAT ARE DISTRIBUTED GRATIS TO VISITORS & RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Lehner President & CEO | Officer | 50 | $100,525 |
Debbie Lapinska Chair Elect | Officer | 5 | $0 |
Victoria Stultz Past Chair | Officer | 5 | $0 |
Tony Moore Chairman | Officer | 5 | $0 |
Sandra Pridemore Treasurer | Officer | 5 | $0 |
Randy Kendrick Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $303,920 |
| Investment income | -$13,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,225 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $113,634 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $716,654 |
| 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. | $103,541 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,443 |
| Pension plan accruals and contributions | $8,263 |
| Other employee benefits | $28,134 |
| Payroll taxes | $32,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,245 |
| Travel | $7,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,821 |
| Insurance | $14,537 |
| All other expenses | $23,452 |
| Total functional expenses | $777,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,958 |
| Savings and temporary cash investments | $237,024 |
| 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 | $1,550 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $481,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,091,671 |
| 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 | $296,607 |
| Total liabilities | $296,607 |
| 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 | $795,064 |
| Total liabilities and net assets/fund balances | $1,091,671 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Venice Area Chamber Of Commerce has recieved totaling $6,400.
| Awarding Organization | Amount |
|---|---|
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: CIVIC | $6,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |