Marengo-Union Chamber Of Commerce
- Assets
- $51.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marengo, IL
- Founding
- 12/2005
- Data as of
- 09/2024
- EIN
- 36-2840743
Organization Overview
Marengo-Union Chamber Of Commerce is located in Marengo, IL. The organization was established in 2005. 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. Marengo-Union 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 09/2024, Marengo-Union Chamber Of Commerce generated $64.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $65.0k during the year ending 09/2024. While expenses have increased by 2.0% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO BE AN ADVOCATE FOR BUSINESS, PROMOTE BUSINESS ALLIANCES AND PROVIDE SERVICES TO ITS MEMBERS, WHICH WILL ENCOURAGE GROWTH AND ECONOMIC STABILITY IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Pfiffner Director | 0 | $0 | |
Colleen Helfers Secretary | 0 | $0 | |
Hayden Creasy Director | 0 | $0 | |
Guy Seemann Director | 0 | $0 | |
Lesley Pace Director | 0 | $0 | |
Ben Broughton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $34,225 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,587 |
| Other Revenue | $6,024 |
| Total Revenue | $64,836 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,127 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $8,623 |
| Other expenses | $32,204 |
| Total expenses | $64,954 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,934 |
| Other assets | $0 |
| Total assets | $51,804 |
| Total liabilities | $24,154 |
| Net assets or fund balances | $27,650 |