Ottawa Area Chamber Of Commerce
- Assets
- $166.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Ottawa, IL
- Founding
- 08/1945
- Data as of
- 12/2022
- EIN
- 36-1588690
Organization Overview
Ottawa Area Chamber Of Commerce is located in Ottawa, IL. The organization was established in 1945. 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 12/2022, Ottawa Area Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ottawa Area 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 12/2022, Ottawa Area Chamber Of Commerce generated $168.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $146.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 5 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTING THE ECONOMY OF OTTAWA, ILLINOIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Hettrick Executive Di | 40 | $65,000 | |
Dewayne Cronkright Chairman | 1 | $0 | |
Ron Henson Vice Chairma | 1 | $0 | |
Mary Olson Treasurer | 1 | $0 | |
Mayor Dan Aussem Director | 1 | $0 | |
Jose Perez Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,446 |
| Total Program Service Revenue | $3,490 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,660 |
| Other Revenue | $21,919 |
| Total Revenue | $168,532 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $115,530 |
| Professional fees and other payments to independent contractors | $5,211 |
| Occupancy, rent, utilities, and maintenance | $14,363 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,745 |
| Total expenses | $146,849 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $133,904 |
| Other assets | $0 |
| Total assets | $166,150 |
| Total liabilities | $3,720 |
| Net assets or fund balances | $162,430 |