Wrangell Chamber Of Commerce
- Assets
- $65.1k
- Revenue
- $131.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Wrangell, AK
- Founding
- 04/1994
- Data as of
- 06/2023
- EIN
- 92-0082989
Organization Overview
Wrangell Chamber Of Commerce is located in Wrangell, AK. The organization was established in 1994. 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. As of 06/2023, Wrangell Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wrangell Chamber Of Commerce is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Wrangell Chamber Of Commerce generated $131.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $84.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE CITY & BOROUGH OF WRANGELL THROUGH COMMUNITY ACTIVITIES SUCH AS THE WRANGELL SALMON DERBY & THE 4TH OF JULY CELEBRATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE LOCAL COMMUNITY THROUGH THE WRANGELL SALMON DERBY, WRANGELL FOURTH OF JULY, HARVEST FESTIVAL, TENT CITY DAYS, COMMUNITY WEB SITE AND OTHER DAILY ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caity Rooney Director | Trustee | 5 | $0 |
Ed Caum Director | Trustee | 5 | $0 |
Omid Rahamanian Director | Trustee | 5 | $0 |
Elizabeth Roundtree Vice President | Officer | 10 | $0 |
Kimberly Szczatko Treasurer | Officer | 10 | $0 |
Caroline Bangs Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,239 |
| Fundraising events | $10,762 |
| Related organizations | $0 |
| Government grants | $9,912 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,191 |
| Total Program Service Revenue | $9,740 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$501 |
| Net Income from Sales of Inventory | $28,693 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,519 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $983 |
| Office expenses | $3,757 |
| Information technology | $3,727 |
| Royalties | $0 |
| Occupancy | $4,632 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $707 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $338 |
| Insurance | $3,157 |
| All other expenses | $0 |
| Total functional expenses | $84,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,145 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $65,145 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $65,145 |