Rich Township Chamber Of Commerce
- Assets
- $15.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Matteson, IL
- Founding
- Data as of
- 12/2022
- EIN
- 82-3297705
Organization Overview
Rich Township Chamber Of Commerce is located in Matteson, IL. 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. Rich Township 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 12/2022, Rich Township Chamber Of Commerce generated $53.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $38.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.1%) per year over the past 2 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
2022
Describe the Organization's Program Activity:
Part 3
RICH TOWNSHIP CHAMBER OF COMMERCE DBA CHAMBER 57 IS THE REGIONAL BUSINESS COMMUNITY WORKING AS THE CENTRAL AGENCY FOR THE COMMUNITY DEVELOPMENT OF BUSINESS, INDUSTRY, PROFESSIONALS AND OTHER CIVIC INTERESTS. WE OFFER GREAT VALUE TO OUR MEMBERS BY ACTING AS THE MAIN SOURCE OF INFORMATION REGARDING BUSINESSES AND COMMUNITY ISSUES. CHAMBER 57 PERFORMS THE TASKS THAT NO ONE INDIVIDUAL CAN DO ALONE THUS BENEFITING ALL MEMBERS. IT IS A VEHICLE THROUGH WHICH BUSINESS AND PROFESSIONAL PEOPLE WORK TOGETHER VOLUNTARILY TO DEFINE AND SOLVE COMMUNITY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Percy Scott President, D | 5 | $0 | |
Nancy Crims Vice Preside | 5 | $0 | |
Michiel Burnett Secretary | 5 | $0 | |
Aradia Clark Treasurer | 5 | $0 | |
Randall Poindexter Director | 5 | $0 | |
Sam Hill Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,314 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,314 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $18,194 |
| Occupancy, rent, utilities, and maintenance | $313 |
| Printing, publications, postage, and shipping | $14 |
| Other expenses | $19,620 |
| Total expenses | $38,141 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,767 |
| Other assets | $0 |
| Total assets | $15,834 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,834 |