Marshfield Area Chamber Of Commerce And Industry Inc
- Assets
- $590.3k
- Revenue
- $403.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Marshfield, WI
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 39-1570585
Organization Overview
Marshfield Area Chamber Of Commerce And Industry Inc is located in Marshfield, WI. The organization was established in 1988. 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, Marshfield Area Chamber Of Commerce And Industry Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshfield Area Chamber Of Commerce And Industry Inc 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, Marshfield Area Chamber Of Commerce And Industry Inc generated $403.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $388.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED TO PROVIDE LEADERSHIP AND SUPPORT FOR THE ECONOMIC ADVANCEMENT OF OUR COMMUNITY, WHILE SERVING AS A CATALYST FOR THE DEVELOPMENT OF PROGRAMS AND SERVICES THAT BENEFIT OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAIRYFEST - THREE-DAY COMMUNITY FESTIVAL SEEKS TO HONOR THE AGRICULTURAL HISTORY OF CENTRAL WISCONSIN WITH A DAIRY BREAKFAST OPEN TO THE PUBLIC, PARADE, AND COMMUNITY EVENTS RECOGNIZING AGRICULTURES IMPACT ON THE ECONOMY.
CHAMBER CAPER - SINGLE DAY GOLF FUND RAISING EVENT. OFFERS THE OPPORTUNITY FOR BUSINESS PEOPLE TO NETWORK WITH OTHER BUSINESS PEOPLE AND BUSINESSES TO PROMOTE THEIR BUSINESS TO OTHER BUSINESSES.
WORKING WOMEN'S WEDNESDAY - A PROFESSIONAL AND PERSONAL DEVELOPMENT EVENT OFFERED TO BUSINESS WOMEN ATTENDEES. THE EVENT IS OFFERED IN THE SPRING AND THE FALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Larson President | Officer | 40 | $76,959 |
Ron Wilczek Chair | OfficerTrustee | 1 | $0 |
Mark Vieth Secretary | OfficerTrustee | 1 | $0 |
Matt Eckelberg Finance Committee Chair | OfficerTrustee | 1 | $0 |
Shaun Quinlan Vice Chair | OfficerTrustee | 1 | $0 |
Shelley Babcock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,320 |
| Total Program Service Revenue | $384,723 |
| Investment income | $328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,441 |
| 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. | $69,591 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,680 |
| Pension plan accruals and contributions | $6,633 |
| Other employee benefits | $4,037 |
| Payroll taxes | $20,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,148 |
| Office expenses | $24,896 |
| Information technology | $8,504 |
| Royalties | $0 |
| Occupancy | $35,839 |
| Travel | $3,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,309 |
| Insurance | $9,734 |
| All other expenses | $282 |
| Total functional expenses | $388,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,932 |
| Savings and temporary cash investments | $91,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,330 |
| 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 | $452 |
| Net Land, buildings, and equipment | $14,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $590,306 |
| Accounts payable and accrued expenses | $343,172 |
| Grants payable | $0 |
| Deferred revenue | $2,140 |
| 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 | $345,312 |
| Net assets without donor restrictions | $218,470 |
| Net assets with donor restrictions | $26,524 |
| 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 | $590,306 |
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