Carroll Chamber Of Commerce
- Assets
- $628.7k
- Revenue
- $348.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Carroll, IA
- Founding
- 08/1970
- Data as of
- 12/2021
- EIN
- 42-0170016
Organization Overview
Carroll Chamber Of Commerce is located in Carroll, IA. The organization was established in 1970. 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, Carroll Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll 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, Carroll Chamber Of Commerce generated $348.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $250.4k during the year ending 12/2021. 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 CARROLL AND CARROLL COUNTY, IOWA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS - $22,235 RETAIL - $ 5,593 ESTABLISH THE RETAIL MEMBERS AS A COHESIVE UNIT THROUGH IMPROVED COMMUNICATION, DEVELOP AN IMAGE OF CUSTOMER CENTERED RETAIL COMMUNITY, EXPAND RETAIL DEVELOPEMENT
TOURISM - $ 8,506 PROMOTIONS - $11,290 DEFINE AND PROMOTE CARROLL'S IMAGE AS A BUSINESS COMMUNITY, PROMOTE DOWNTOWN AND COMMUNITY DEVELOPMENTS, INCREASE MEMBERSHIP INVOLVEMENT IN GOVERNMENT AND LEGISLATIVE ISSUES
MEMBERSHIP - $ 6,351 CREATE VALUE FOR MEMBERSHIP, RETAIN EXISTING MEMBERS, INCREASE INVOLVEMENT OF ALL MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Landauer Former Executive Director | 40 | $60,725 | |
Kimberly Tiefenthaler Current Executive Director | Officer | 40 | $3,712 |
Lori Greteman Vice-President | OfficerTrustee | 1 | $0 |
Tim Gute President | OfficerTrustee | 1.5 | $0 |
Nathan Lueth Dc Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Steve Gute Presidential Appointee | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $157,179 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,415 |
| 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 | $257,594 |
| Total Program Service Revenue | $90,009 |
| Investment income | $1,059 |
| 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 | $348,662 |
| 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. | $61,351 |
| Compensation of current officers, directors, key employees. | $61,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,278 |
| Pension plan accruals and contributions | $6,692 |
| Other employee benefits | $461 |
| Payroll taxes | $22,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,340 |
| Advertising and promotion | $21,272 |
| Office expenses | $9,796 |
| Information technology | $7,087 |
| Royalties | $0 |
| Occupancy | $24,269 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,714 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,104 |
| Insurance | $9,458 |
| All other expenses | -$126,586 |
| Total functional expenses | $250,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,594 |
| Savings and temporary cash investments | $308,308 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,735 |
| 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 | $3,840 |
| Net Land, buildings, and equipment | $174,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $628,692 |
| Accounts payable and accrued expenses | $21,192 |
| Grants payable | $0 |
| Deferred revenue | $90,873 |
| 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 | $112,065 |
| Net assets without donor restrictions | $516,627 |
| 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 | $628,692 |
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