Prospect Area Chamber Of Commerce
- Assets
- $30.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Prospect, KY
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 73-1697744
Organization Overview
Prospect Area Chamber Of Commerce is located in Prospect, KY. The organization was established in 2004. 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. Prospect 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 12/2021, Prospect Area Chamber Of Commerce generated $61.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $75.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Jacobs Executive Director | 32 | $38,314 | |
David Wilson President | 0 | $0 | |
Donna Brown Director | 0 | $0 | |
Jennifer Jacobs Vice President | 0 | $0 | |
Maria Mears Director | 0 | $0 | |
Bruce Corwin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,902 |
| Membership dues | $21,863 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,500 |
| Other Revenue | $16,811 |
| Total Revenue | $61,080 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,314 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,547 |
| Total expenses | $75,861 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,467 |
| Other assets | $0 |
| Total assets | $30,625 |
| Total liabilities | $25,985 |
| Net assets or fund balances | $4,640 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prospect Area Chamber Of Commerce has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Jim Hedrick And Janice O Lantz Charitable Foundation Bardstown, KY PURPOSE: FOR GENERAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helicopter Association International Inc Alexandria, VA | $38,045,658 | $4,215,283 |
National Association Of Electrical Distributors St Louis, MO | $12,015,051 | $10,580,917 |
Chicagoland Entrepreneurial Center Chicago, IL | $5,911,149 | $8,140,473 |
Touchstone Energy Cooperative Inc Arlington, VA | $11,702,200 | $9,798,586 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |
National Precast Concrete Association Inc Carmel, IN | $13,896,863 | $10,585,314 |
Association For Unmanned Vehicle Systems International Arlington, VA | $11,175,966 | $8,710,398 |
Indiana Underground Plant Protection Service Inc Greenwood, IN | $23,524,907 | $10,120,104 |
Property Loss Research Bureau Downers Grove, IL | $29,282,847 | $8,342,411 |
Residential Real Estate Council Chicago, IL | $27,056,402 | $11,169,926 |
Engine Manufacturers Association Chicago, IL | $15,542,068 | $8,146,219 |
National Board Of Certification And Recert Of Nurse Anesthetists Chicago, IL | $34,872,411 | $14,011,594 |