Greater Eau Claire Area Chamber Of Commerce
- Assets
- $558.6k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Eau Claire, WI
- Founding
- 07/1942
- Data as of
- 03/2022
- EIN
- 39-0255585
Organization Overview
Greater Eau Claire Area Chamber Of Commerce is located in Eau Claire, WI. The organization was established in 1942. 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. As of 03/2022, Greater Eau Claire Area Chamber Of Commerce employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Eau Claire Area 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 03/2022, Greater Eau Claire Area Chamber Of Commerce generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.3m during the year ending 03/2022. While expenses have increased by 1.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, PROTECT, FOSTER, AND ADVANCE AGRICULTURE, BUSINESS, AND INDUSTRY IN THE EAU CLAIRE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAU WHAT A NIGHT - 483 ATTENDEES, EVENT HELD TO HIGHLIGHT THE YEAR'S ACCOMPLISHMENTS AND RECOGNIZE VOLUNTEERS AND BUSINESSES.
BUSINESS SALUTES EAU CLAIRE IS A GOLF OUTING TO PROMOTE COMMUNITY, QUALITY OF LIFE, EMPLOYERS, AND PEOPLE TO THE CHIPPEWA VALLEY.
BREAKFAST IN THE VALLEY - DRIVE THRU/BOX PICK UP EVENT OF LOCAL PRODUCTS HELD TO SUPPORT THE AGRICULTURE IN OUR AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Minor President | Officer | 40 | $147,793 |
Mark Faanes Vice Chair | OfficerTrustee | 2 | $0 |
Terry Mchugh Vice Chair | OfficerTrustee | 2 | $0 |
Laura Talley Vice Chair | OfficerTrustee | 2 | $0 |
Scott Biederman Past Board Chair | OfficerTrustee | 2 | $0 |
Ned Donnellan Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $565,838 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,147 |
| 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 | $815,985 |
| Total Program Service Revenue | $539,498 |
| Investment income | $909 |
| 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 | $1,421,159 |
| 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. | $162,253 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $475,958 |
| Pension plan accruals and contributions | $50,138 |
| Other employee benefits | $0 |
| Payroll taxes | $47,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,453 |
| Office expenses | $24,809 |
| Information technology | $60,566 |
| Royalties | $0 |
| Occupancy | $88,140 |
| Travel | $9,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,397 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,772 |
| Insurance | $69,771 |
| All other expenses | $40,804 |
| Total functional expenses | $1,312,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,595 |
| Savings and temporary cash investments | $203,351 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,490 |
| 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 | $36,023 |
| Net Land, buildings, and equipment | $31,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $558,620 |
| Accounts payable and accrued expenses | $76,588 |
| Grants payable | $0 |
| Deferred revenue | $407,674 |
| 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 | $484,262 |
| Net assets without donor restrictions | $74,358 |
| 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 | $558,620 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Eau Claire Area Chamber Of Commerce has recieved totaling $12,024.
| Awarding Organization | Amount |
|---|---|
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT EXEMPT PURPOSE | $12,024 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
National Roofing Contractors Association Rosemont, IL | $27,483,299 | $17,802,756 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
American Marketing Association Inc Chicago, IL | $9,741,723 | $15,191,106 |
Alliance For Audited Media Lisle, IL | $17,794,762 | $11,739,341 |
American Society Of Safety Professionals Park Ridge, IL | $23,941,077 | $16,437,200 |
Prestressed Concrete Institute Chicago, IL | $8,854,978 | $13,790,264 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |