Elwood Chamber Of Commerce Inc
- Assets
- $121.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elwood, IN
- Founding
- 08/1988
- Data as of
- 01/2024
- EIN
- 35-0292965
Organization Overview
Elwood Chamber Of Commerce Inc is located in Elwood, IN. The organization was established in 1988. 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. Elwood 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 01/2024, Elwood Chamber Of Commerce Inc generated $90.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $74.5k during the year ending 01/2024. While expenses have increased by 1.3% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Blake Executive Director | 40 | $26,000 | |
Sharon Church President | 5 | $0 | |
Theresa Clymer Treasurer | 5 | $0 | |
Matt Minnick Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $25,510 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $59,255 |
| Other Revenue | $5,713 |
| Total Revenue | $90,482 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,476 |
| Professional fees and other payments to independent contractors | $3,413 |
| Occupancy, rent, utilities, and maintenance | $10,950 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,678 |
| Total expenses | $74,517 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $109,365 |
| Other assets | $0 |
| Total assets | $120,960 |
| Total liabilities | $2,288 |
| Net assets or fund balances | $118,672 |