Saginaw County Chamber Of Commerce
- Assets
- $1.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Saginaw, MI
- Founding
- 10/1942
- Data as of
- 12/2021
- 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 12/2021, Saginaw County Chamber Of Commerce employed 8 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 12/2021, Saginaw County Chamber Of Commerce generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $792.5k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Veronica Horn President/ce | Officer | 40 | $119,858 |
Heather Gallagos Immediate Pa | OfficerTrustee | 0.5 | $0 |
Gavin Goetz Vice Chair | OfficerTrustee | 0.5 | $0 |
Beth Thieme Chair | OfficerTrustee | 0.5 | $0 |
Andy Mehl Treasurer | OfficerTrustee | 0.5 | $0 |
Kelley A Peatross PHD Secetary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,000 |
| 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 | $98,000 |
| Total Program Service Revenue | $797,899 |
| Investment income | $101,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,905 |
| 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 | $1,017,024 |
| 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 | $119,858 |
| Other salaries and wages | $256,679 |
| Pension plan accruals and contributions | $29,230 |
| Other employee benefits | $47,045 |
| Payroll taxes | $30,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,298 |
| 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 | $23,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,234 |
| Travel | $2,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,981 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,231 |
| Insurance | $8,120 |
| All other expenses | $27,498 |
| Total functional expenses | $792,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,104 |
| Savings and temporary cash investments | $1,025,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,275 |
| 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 | $13,311 |
| Net Land, buildings, and equipment | $6,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,611,893 |
| Accounts payable and accrued expenses | $31,549 |
| Grants payable | $0 |
| Deferred revenue | $474,834 |
| 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 | $506,383 |
| 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 | $1,105,510 |
| Total liabilities and net assets/fund balances | $1,611,893 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saginaw County Chamber Of Commerce has recieved totaling $6,950.
| Awarding Organization | Amount |
|---|---|
United States Conference Of Cathol St Louis, MO PURPOSE: OPERATING SUPPORT | $6,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Usa Regional Chamber Cincinnati, OH | $21,203,474 | $18,734,397 |
Greater Columbus Convention & Visitors Bureau Columbus, OH | $8,565,444 | $15,584,006 |
Ann Arbor Spark Ann Arbor, MI | $15,665,812 | $11,784,140 |
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
Small Business Assoc Of Mich Lansing, MI | $1,798,183 | $7,497,354 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
Ohio Chamber Of Commerce Columbus, OH | $30,926,421 | $7,246,853 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Mibor Realtor Association Inc Indianapolis, IN | $12,276,320 | $5,134,664 |
Akron Convention And Visitors Bureau Inc Akron, OH | $6,460,224 | $5,523,217 |