Quad Cities Chamber Of Commerce Inc

Organization Overview

Quad Cities Chamber Of Commerce Inc is located in Davenport, IA. The organization was established in 2012. 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 06/2022, Quad Cities Chamber Of Commerce Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad Cities Chamber Of Commerce Inc 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 06/2022, Quad Cities Chamber Of Commerce Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE QUAD CITIES CHAMBER OF COMMERCE IS A COMBINED CHAMBER OF COMMERCE, ECONOMIC, AND COMMUNITY DEVELOPMENT ORGANIZATION SERVING THE GREATER QUAD CITIES REGION. THE QUAD CITIES CHAMBER OF COMMERCE'S MISSION IS TO STRENGTHEN AND ENHANCE THE BUSINESS ENVIRONMENT, REPRESENT THE INTERESTS OF MEMBERS, AND FOSTER BALANCED GROWTH IN THE QUAD CITIES REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ADVANCE THE ECONOMIC PROSPERITY OF THE QUAD CITIES BY MARKETING THE REGION TO ATTRACT NEW INVESTMENT, SUPPORTING THE GROWTH OF EXISTING BUSINESSES, AND IMPROVING THE OVERALL BUSINESS ENVIRONMENT, WHICH INCLUDES DEVELOPMENT OF CERTAIN DOWNTOWNS WITHIN THE QUAD CITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Rumler
President &
$247,107
Michael Oberhaus
VP Finance &
$167,825
Julie Forsythe
SVP Bus & Ec
$122,043
Tami Petsche
VP Bus & Eco
$107,143
Deb Anselm
Secretary
$0
Mara Downing
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
V Miller Consulting Inc
Man. Hub Grant
$135,417
Strategic Development Group Inc
Man. Hub Grant
$308,329
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$141,625
Related organizations$0
Government grants $452,470
All other contributions, gifts, grants, and similar amounts not included above$4,053,974
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,648,069
Total Program Service Revenue$1,180,369
Investment income $357
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$74,657
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,913,965

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Quad Cities Chamber Of Commerce Inc has recieved totaling $22,500.

Awarding OrganizationAmount
GreenState Credit Union UNION

North Liberty, IA

PURPOSE: Alternating Currents

$15,000
Moline Foundation

Moline, IL

PURPOSE: GENERAL SUPPORT

$7,500
View Grant Recipient Profile

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