Ferndale Chamber Of Commerce
- Assets
- $3.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ferndale, MI
- Founding
- 06/1947
- Data as of
- 12/2018
- EIN
- 38-0536233
Organization Overview
Ferndale Chamber Of Commerce is located in Ferndale, MI. The organization was established in 1947. 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. Ferndale 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 12/2018, Ferndale Chamber Of Commerce generated $90.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $120.2k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 4 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
2018
Describe the Organization's Program Activity:
Part 3
THE FERNDALE AREA CHAMBER OF COMMERCE HOSTS NETWORKING OPPORTUNITIES, EDUCATIONAL VENUES AND SPECIAL EVENTS TO GIVE BUSINESSES THE OPPORTUNITY TO TO COLLABORATE WITH EACH OTHER,IMPROVE THE BUSINESS CLIMATE IN THE FERNDALE AREA AND PROVIDE IT'S MEMBERS THE TOOLS TO INCREASE VISABILITY, STAY CONNECTED TO THE LOCAL COMMUNITY AND IMPROVE BUSINESS PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Zook Executive Di | 40 | $32,223 | |
Kim Hart Executive Di | 40 | $19,038 | |
Carol Jackson Director | 6 | $4,066 | |
Jay Mcmillan Director | 2 | $0 | |
Jim Doyon Director | 2 | $0 | |
Aaron Stone Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $27,324 |
| Membership dues | $28,200 |
| Investment income | $2 |
| Gain or Loss | -$758 |
| Net Income from Gaming & Fundraising | $18,023 |
| Other Revenue | $18,081 |
| Total Revenue | $90,872 |
| Statement of Expenses | |
|---|---|
| Total expenses | $120,162 |
| Balance Sheet | |
|---|---|
| Total assets | $3,701 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,701 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |