Marshfield Area Chamber Foundation Inc
- Assets
- $566.4k
- Revenue
- $182.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Marshfield, WI
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 39-1739602
Organization Overview
Marshfield Area Chamber Foundation Inc is located in Marshfield, WI. The organization was established in 1993. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshfield Area Chamber Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Marshfield Area Chamber Foundation Inc generated $182.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $180.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
PROMOTE ECONOMIC DEVELOPMENT AND FULL EMPLOYMENT IN THE MARSHFIELD AREA BY SUPPORTING AND IMPROVING GENERAL EDUCATION, VOCATIONAL TRAINING, CITY PLANNING AND LEADERSHIP DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP MARSHFIELD - PROGRAM DESIGNED TO TRAIN AND EDUCATE COMMUNITY MEMBERS IN DEVELOPING LEADERSHIP SKILLS AND SELF ESTEEM FOR FUTURE COMMUNITY LEADERS
SCHOOL TO WORK - PROGRAMS WERE DESIGNED TO EDUCATE YOUTH IN DEVELOPING JOB SKILLS FOR FUTURE COMMUNITY WORKERS
PROGRAMS DESIGNED TO PROMOTE JOB DEVELOPMENT IN THE COMMUNITY
PROGRAMS DESIGNED TO IMPROVE THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Larson Exec. Dir. | OfficerTrustee | 5 | $0 |
Matt Eckelberg Treasurer | OfficerTrustee | 1 | $0 |
Frank Baltus President | OfficerTrustee | 1 | $0 |
Ron Wilczek Secretary | OfficerTrustee | 1 | $0 |
Dave Meissner Past President | OfficerTrustee | 1 | $0 |
Amy Nystrom Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,800 |
| Related organizations | $0 |
| Government grants | $102,988 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,692 |
| Total Program Service Revenue | $29,490 |
| Investment income | $138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,632 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,936 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,016 |
| 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 | $0 |
| Other salaries and wages | $86,298 |
| Pension plan accruals and contributions | $4,192 |
| Other employee benefits | $25,176 |
| Payroll taxes | $5,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,566 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,968 |
| Total functional expenses | $180,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,252 |
| Savings and temporary cash investments | $133,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $128,572 |
| 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 | $5,288 |
| Net Land, buildings, and equipment | $296,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $566,352 |
| Accounts payable and accrued expenses | $28,714 |
| Grants payable | $0 |
| Deferred revenue | $4,870 |
| 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 | $16,707 |
| Total liabilities | $50,291 |
| Net assets without donor restrictions | $478,144 |
| Net assets with donor restrictions | $37,917 |
| 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 | $566,352 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marshfield Area Chamber Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Jewish Foundation Bloomfield Hills, MI | $617,807,734 | $98,304,951 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
Heart Of West Michigan United Way Grand Rapids, MI | $33,929,267 | $56,856,308 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Jewish Federation Of Metropolitan Detroit Bloomfield Hills, MI | $47,934,420 | $53,063,745 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Crown Family Foundation Chicago, IL | $468,729,562 | $19,005,366 |