Monroe Chamber Of Commerce
- Assets
- $214.4k
- Revenue
- $148.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Monroe, WI
- Founding
- 06/1942
- Data as of
- 12/2021
- EIN
- 39-0483833
Organization Overview
Monroe Chamber Of Commerce is located in Monroe, 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 12/2021, Monroe Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe 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, Monroe Chamber Of Commerce generated $148.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $128.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF BUSINESS, COMMUNITY & TOURISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETAIL PROMOTION ORGANIZE THE MARKETING EFFORTS OF RETAILERS, COORDINATE ADVERTISING AND SALE PROMOTIONS/EVENTS; ASSIST MERCHANTS IN MAXIMIZING SALES.
TOURISM PROMOTION ORGANIZE THE MARKETING EFFORTS OF TOURISM ATTRACTIONS, DISPENSE LITERATURE & INFORMATION. PARTICIPATE IN CITY, COUNTY, STATE & REGIONAL TOURISM ACTIVITIES.
INDUSTRIAL DEVELOPMENT PROMOTE THE CITY AS A DESIRABLE SITE FOR NEW INDUSTRY & WORK TOWARDS RETENTION OF EXISTING INDUSTRIES & MANPOWER. PROMOTE BUSINESS EDUCATION.
COMMUNITY PUBLIC RELATIONS PROMOTE THE COMMUNITY IN GENERAL, ASSIST CONSUMERS IN DISPUTES WITH MERCHANTS, SPONSOR EVENTS TO EDUCATE CONSUMERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Rufer President | OfficerTrustee | $0 | |
Joe Klein Treasurer | OfficerTrustee | $0 | |
Melissa Thompson Secretary | OfficerTrustee | $0 | |
Nicole Josephs Director | Trustee | $0 | |
David Fry Director | Trustee | $0 | |
Tracy Meier Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,125 |
| Total Program Service Revenue | $120,275 |
| Investment income | $6,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,822 |
| 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. | $62,408 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,061 |
| Payroll taxes | $5,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $2,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,513 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,243 |
| All other expenses | $1,141 |
| Total functional expenses | $128,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,392 |
| Savings and temporary cash investments | $141,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $214,426 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $28,450 |
| Total liabilities | $28,450 |
| 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 | $185,976 |
| Total liabilities and net assets/fund balances | $214,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |