Wayne County Area Chamber Of Commerce Inc
- Assets
- $641.9k
- Revenue
- $447.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Richmond, IN
- Founding
- 09/1957
- Data as of
- 12/2021
- EIN
- 35-0956400
Organization Overview
Wayne County Area Chamber Of Commerce Inc is located in Richmond, IN. The organization was established in 1957. 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 12/2021, Wayne County Area Chamber Of Commerce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne County Area 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 12/2021, Wayne County Area Chamber Of Commerce Inc generated $447.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $379.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, LEAD, UNITE, AND SERVE MEMBERS, BUSINESSES, AND THE COMMUNITY IN ORDER FOR WAYNE COUNTY TO BE A GREAT PLACE TO LIVE, LEARN, AND DO BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED PROGRAMS DURING THE YEAR TO PROMOTE ECONOMIC GROWTH IN RICHMOND AND WAYNE COUNTY INDIANA.
BUSINESS EDUCATION LIAISON PROGRAM TO EDUCATE SCHOOL AGE CHILDREN ABOUT THE RICHMOND WAYNE COUNTY BUSINESS COMMUNITY INCLUDING EMPLOYMENT OPPORTUNITIES.
PROGRAM TO PROMOTE THE BENEFITS OF STAYING IN SCHOOL.
BRIGHT FUTURES PROGRAM SERVES TO GROW THE POPULATION AND ECONOMY OF WAYNE COUNTY, AS WELL AS DEVELOP A STRONG, APPROPRIATELY EDUCATED AND SKILLED WORKFORCE. THIS PROGRAM WAS SPEARHEADED BY THE WAYNE COUNTY AREA CHAMBER OF COMMERCE IN 2008. ADDITIONALLY, EDUCATIONAL INITIATIVES AND HEALTHCARE WORKERS SUPPORT PROGRAMS WERE ADDED IN 2020 DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Vance President/ce | OfficerTrustee | 40 | $75,027 |
Paul Witte Past Chair | OfficerTrustee | 1 | $0 |
Brian Ballenger Vice Chair | OfficerTrustee | 1 | $0 |
Bob Bever Secretary | OfficerTrustee | 1 | $0 |
Katie Alyea Chair | OfficerTrustee | 2 | $0 |
Kevin Slick Centerville | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,477 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,448 |
| Total Program Service Revenue | $167,880 |
| Investment income | $8,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $92,381 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,961 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,027 |
| Compensation of current officers, directors, key employees. | $11,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,312 |
| Pension plan accruals and contributions | $5,712 |
| Other employee benefits | $18,569 |
| Payroll taxes | $14,755 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,222 |
| Advertising and promotion | $24,922 |
| Office expenses | $11,826 |
| Information technology | $6,127 |
| Royalties | $0 |
| Occupancy | $24,896 |
| Travel | $1,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,336 |
| Insurance | $4,176 |
| All other expenses | $5,824 |
| Total functional expenses | $379,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,855 |
| Savings and temporary cash investments | $315,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263 |
| 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 | $7,253 |
| Net Land, buildings, and equipment | $8,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $641,931 |
| Accounts payable and accrued expenses | $36,623 |
| Grants payable | $0 |
| Deferred revenue | $73,366 |
| 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 | $109,989 |
| Net assets without donor restrictions | $497,039 |
| Net assets with donor restrictions | $34,903 |
| 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 | $641,931 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wayne County Area Chamber Of Commerce Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
First Bank Richmond Inc Community Foundation Richmond, IN PURPOSE: GENERAL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |