Gibson Chamber Of Commerce
- Assets
- $162.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gibson City, IL
- Founding
- 04/1959
- Data as of
- 02/2022
- EIN
- 37-6036036
Organization Overview
Gibson Chamber Of Commerce is located in Gibson City, IL. The organization was established in 1959. 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 the central organization for a national or regional group of organizations. Gibson 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 02/2022, Gibson Chamber Of Commerce generated $124.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $111.4k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 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
SUPPORT COMMUNITY PROJECTS DEVLOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susie Tongate President | 0 | $0 | |
Jackie Rusk Sec/tres | 0 | $0 | |
Ryan Minion V President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,096 |
| Total Program Service Revenue | $0 |
| Membership dues | $10,620 |
| Investment income | $64 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,780 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,000 |
| Professional fees and other payments to independent contractors | $1,993 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,100 |
| Other expenses | $99,292 |
| Total expenses | $111,385 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $162,025 |
| Other assets | $0 |
| Total assets | $162,025 |
| Total liabilities | $0 |
| Net assets or fund balances | $162,025 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gibson Chamber Of Commerce has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Gibson Area Hospital Gibson City, IL PURPOSE: Community Benefit | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |