Richfield Chamber Of Commerce
- Assets
- $61.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richfield, UT
- Founding
- 08/1992
- Data as of
- 12/2023
- 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 12/2023, Richfield Chamber Of Commerce generated $82.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $80.7k during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Mark Alger Past Preside | 0 | $0 | |
Troy Poulsen President | 0 | $0 | |
Matt Hart President El | 0 | $0 | |
Stacey Busk Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $50,226 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,028 |
| Other Revenue | $216 |
| Total Revenue | $82,470 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,606 |
| Professional fees and other payments to independent contractors | $2,330 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,810 |
| Total expenses | $80,746 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,372 |
| Other assets | $0 |
| Total assets | $61,372 |
| Total liabilities | $1,829 |
| Net assets or fund balances | $59,543 |