Richfield Chamber Of Commerce
- Assets
- $27.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richfield, UT
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 87-0274378
Organization Overview
Richfield Chamber Of Commerce is located in Richfield, UT. The organization was established in 1992. 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. Richfield 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, Richfield Chamber Of Commerce generated $81.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $52.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
THE RICHFIELD AREA CHAMBER OF COMMERCE WAS ABLE TO PROMOTE LOCAL AREA BUSINESS GROWTH BY SPONSORING VARIOUS COMMUNITY EVENTS AND PROVIDING AVAILABLE INFORMATION ABOUT THE AREA TO VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Stott President | 1 | $0 | |
Mark Alger President El | 1 | $0 | |
Troy Poulsen Vice Preside | 1 | $0 | |
Stephanie Moulton Past Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,655 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $31,121 |
| Other Revenue | $303 |
| Total Revenue | $81,179 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,836 |
| Professional fees and other payments to independent contractors | $1,477 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,526 |
| Total expenses | $52,839 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,193 |
| Other assets | $0 |
| Total assets | $27,193 |
| Total liabilities | $1,883 |
| Net assets or fund balances | $25,310 |
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