Frankenmuth Chamber Of Commerce
- Assets
- $2.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 44
- Location
- Frankenmuth, MI
- Founding
- Data as of
- 09/2021
- EIN
- 38-1868259
Organization Overview
Frankenmuth Chamber Of Commerce is located in Frankenmuth, MI. As of 09/2021, Frankenmuth Chamber Of Commerce employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frankenmuth 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 09/2021, Frankenmuth Chamber Of Commerce generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.4m during the year ending 09/2021. While expenses have increased by 4.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
ADVANCEMENT OF THE CIVIC, COMMERCIAL, INDUSTRIAL, EDUCATIONAL AND CULTURAL INTERESTS OF FRANKENMUTH, MI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE COMMUNITY OF FRANKENMUTH, MICHIGAN AS A BUSINESS AND TOURISM DESTINATION. PROMOTION OF OTHER COMMUNITY PROGRAMS AND DEVELOPMENT AND OTHER CHAMBER OF COMMERCE ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Furbush President | Officer | 40 | $89,666 |
Dee Ruggirello Treasurer | Officer | 1 | $0 |
Craig Bierlein President | Officer | 2 | $0 |
Jim Howe Vice Preside | Officer | 2 | $0 |
Michael Zehnder Past Preside | Officer | 1 | $0 |
Andrew Ahlschwede Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,790 |
| 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 | $77,790 |
| Total Program Service Revenue | $1,939,790 |
| Investment income | $1,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $2,019,503 |
| 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. | $89,666 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,271 |
| Pension plan accruals and contributions | $8,317 |
| Other employee benefits | $19,573 |
| Payroll taxes | $23,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $665,046 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,332 |
| Travel | $7,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,107 |
| Interest | $8,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,888 |
| Insurance | $0 |
| All other expenses | $6,436 |
| Total functional expenses | $1,419,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,136,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,264 |
| 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 | $157,407 |
| Net Land, buildings, and equipment | $173,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,656,396 |
| Accounts payable and accrued expenses | $35,722 |
| Grants payable | $0 |
| Deferred revenue | $245,654 |
| 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 | $175,133 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,447 |
| Total liabilities | $540,956 |
| Net assets without donor restrictions | $2,115,440 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,656,396 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frankenmuth Chamber Of Commerce has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Credit Unions Chartered In The State Of Michigan Frankenmuth, MI PURPOSE: COMMUNITY SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Community Legal Services Inc Philadelphia, PA | $20,694,601 | $20,774,549 |
Southern Painters Welfare Fund Pittsburgh, PA | $17,172,930 | $23,602,516 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |