Canton Area Chamber Of Commerce
- Assets
- $157.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, IL
- Founding
- 10/1951
- Data as of
- 12/2022
- EIN
- 37-0654460
Organization Overview
Canton Area Chamber Of Commerce is located in Canton, IL. The organization was established in 1951. 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. Canton 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, Canton Area Chamber Of Commerce generated $111.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $109.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 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
BUSINESS ADVOCACY, DEVELOPMENT, EDUCATION, AND PROMOTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana Emmons President | 1 | $0 | |
Chad Holloway Vice President | 1 | $0 | |
Chad Murphy Treasurer | 1 | $0 | |
Erin Watson Secretary | 1 | $0 | |
Diane Bell Director | 1 | $0 | |
Jason Elwell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,600 |
| Total Program Service Revenue | $0 |
| Membership dues | $52,637 |
| Investment income | $418 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $35,252 |
| Other Revenue | $13,491 |
| Total Revenue | $111,398 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,324 |
| Professional fees and other payments to independent contractors | $1,816 |
| Occupancy, rent, utilities, and maintenance | $6,490 |
| Printing, publications, postage, and shipping | $2,108 |
| Other expenses | $41,416 |
| Total expenses | $109,154 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $157,143 |
| Other assets | $0 |
| Total assets | $157,143 |
| Total liabilities | $2,003 |
| Net assets or fund balances | $155,140 |