Sumter County Chamber Of Commerce Inc
- Assets
- $251.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Lake Panasoffkee, FL
- Founding
- 12/1986
- Data as of
- 12/2020
- EIN
- 59-0745338
Organization Overview
Sumter County Chamber Of Commerce Inc is located in Lake Panasoffkee, FL. The organization was established in 1986. 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. Sumter County 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 12/2020, Sumter County Chamber Of Commerce Inc generated $147.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $114.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, SUPPORT, AND PROMOTE BUSINESSES IN SUMTER COUNTY.
Describe the Organization's Program Activity:
Part 3
THE CHAMBER PROMOTES BUSINESS IN SUMTER COUNTY BY PROVIDING MAPS, INFORMATION ON LOCAL POINTS OF INTEREST, DINING, AND LODGING. IT MAINTAINS A WEBSITE WITH LINKS TO VARIOUS INFORMATION USEFUL TO BUSINESSES AND PROSPECTIVE RESIDENTS. THE CHAMBER PROMOTES LOCAL BUSINESSES AND IS A SOURCE OF REFERENCE FOR THOSE SEEKING TO CONDUCT BUSINESS IN SUMTER COUNTY. IT SPONSORS SEMINARS AND EVENTS FOR MEMBERS AND INTERESTED PARTIES TO MEET AND MAKE CONTACT WITH OTHER MEMBERS IN ORDER TO FOSTER LOCAL BUSINESS.
THE CHAMBER SPONSORS MONTHLY MEETINGS AND INVITES THE COMMUNITY TO ATTEND WHERE THEY HEAR FROM SPEAKERS WHO PRESENT INFORMATION THAT AFFECTS THE RESIDENTS AND BUSINESSES IN AND AROUND SUMTER COUNTY.
OTHER EVENTS TO PROMOTE COMMUNITY AND MEMBERS WITHIN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Gerig President | 4 | $0 | |
James Boyd Secretary | 2 | $0 | |
Beth Hunt Director | 1 | $0 | |
Jeff Light Director | 1 | $0 | |
Justin Grabelle Director | 1 | $0 | |
James Morris Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $88,064 |
| Membership dues | $55,918 |
| Investment income | $6,101 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$7,712 |
| Other Revenue | $4,671 |
| Total Revenue | $147,042 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,333 |
| Professional fees and other payments to independent contractors | $3,623 |
| Occupancy, rent, utilities, and maintenance | $13,659 |
| Printing, publications, postage, and shipping | $883 |
| Other expenses | $44,395 |
| Total expenses | $114,893 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,254 |
| Other assets | $0 |
| Total assets | $251,050 |
| Total liabilities | $4,789 |
| Net assets or fund balances | $246,261 |
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