Saginaw County Chamber Of Commerce
- Assets
- $1.6m
- Revenue
- $851.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Saginaw, MI
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 38-0995390
Organization Overview
Saginaw County Chamber Of Commerce is located in Saginaw, MI. The organization was established in 1942. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Saginaw County Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saginaw County 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, Saginaw County Chamber Of Commerce generated $851.4k 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 (5.9%) each year. All expenses for the organization totaled $976.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A CATALYST FOR ECONOMIC AND COMMUNITY PROGRESS WITHIN THE GREAT LAKES BAY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER SERVES HUNDREDS OF MEMBER BUSINESSES IN A COUNTY OF OVER 190,000 PEOPLE. THE CHAMBER'S MEMBERSHIP IS A DIVERSE GROUP OF MANUFACTURERS, AGRICULTURAL PRODUCERS, RETAIL STORES, SERVICE COMPANIES, AND ORGANIZATIONS THAT SHARE A COMMON VISION OF THE COMMUNITY.
TO BE A CATALYST FOR ECONOMIC AND COMMUNITY PROGRESS WITHIN THE GREAT LAKES BAY REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Thieme Immediate Pa | OfficerTrustee | 1 | $0 |
Gavin Goetz Chair | OfficerTrustee | 1 | $0 |
Andy Mehl Treasurer | OfficerTrustee | 1 | $0 |
Tom Basil Jr Corporate Co | Trustee | 1 | $0 |
John Boothroyd Director | Trustee | 1 | $0 |
Seth Perigo Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,382 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,382 |
| Total Program Service Revenue | $894,831 |
| Investment income | -$144,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,135 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $851,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $125,625 |
| Other salaries and wages | $263,817 |
| Pension plan accruals and contributions | $33,849 |
| Other employee benefits | $49,591 |
| Payroll taxes | $30,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,234 |
| Travel | $3,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,099 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,478 |
| Insurance | $9,365 |
| All other expenses | $28,012 |
| Total functional expenses | $976,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,023 |
| Savings and temporary cash investments | $880,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $409,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,177 |
| Net Land, buildings, and equipment | $4,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,566,180 |
| Accounts payable and accrued expenses | $25,095 |
| Grants payable | $0 |
| Deferred revenue | $560,678 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $585,773 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $980,407 |
| Total liabilities and net assets/fund balances | $1,566,180 |