Salem Chamber Of Commerce
- Assets
- $142.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, IL
- Founding
- 11/1944
- Data as of
- 10/2023
- EIN
- 37-0617950
Organization Overview
Salem Chamber Of Commerce is located in Salem, IL. The organization was established in 1944. 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. Salem 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 10/2023, Salem Chamber Of Commerce generated $77.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $80.6k during the year ending 10/2023. While expenses have increased by 2.3% per year over the past 4 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 |
|---|---|---|---|
Joy Connor Board Member | 1 | $0 | |
Leah Dellicarpini Board Member | 1 | $0 | |
Laura Daugherty Board Member | 1 | $0 | |
Tony Etnier Board President | 1 | $0 | |
Trudie Smith Board Member | 1 | $0 | |
Chris Daniels Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,560 |
| Investment income | $93 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $36,160 |
| Other Revenue | $14,815 |
| Total Revenue | $77,628 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $56,065 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $10,827 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,678 |
| Total expenses | $80,570 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,909 |
| Other assets | $0 |
| Total assets | $142,588 |
| Total liabilities | $0 |
| Net assets or fund balances | $142,588 |