Olney Chamber Of Commerce
- Assets
- $151.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olney, IL
- Founding
- 06/1943
- Data as of
- 03/2024
- EIN
- 37-0447473
Organization Overview
Olney Chamber Of Commerce is located in Olney, IL. The organization was established in 1943. 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. Olney 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 03/2024, Olney Chamber Of Commerce generated $66.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $81.4k during the year ending 03/2024. 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
SPONSOR & PROMOTE VARIOUS COMMUNITY EVENTS TO FURTHER TOURISM & INVOLVEMENT IN COMMUNITY AND ITS BUSINESSES. ACTIVITIES BENEFIT ENTIRE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlin Nielsen-Lambird Exec Director | 40 | $43,103 | |
Herman Zuber President | 4 | $0 | |
Heather Lang Vice President | 4 | $0 | |
Deb Mitchell Treasurer | 4 | $0 | |
Gina Kocher Director | 1 | $0 | |
Marsha Heath Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,828 |
| Total Program Service Revenue | $0 |
| Membership dues | $35,180 |
| Investment income | $1,886 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,021 |
| Other Revenue | $450 |
| Total Revenue | $66,365 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,280 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $11,131 |
| Printing, publications, postage, and shipping | $310 |
| Other expenses | $15,660 |
| Total expenses | $81,381 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $149,889 |
| Other assets | $0 |
| Total assets | $151,153 |
| Total liabilities | $43,913 |
| Net assets or fund balances | $107,240 |