Lemars Area Chamber Of Commerce Incorporated

Organization Overview

Lemars Area Chamber Of Commerce Incorporated is located in Le Mars, IA. The organization was established in 1972. 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, Lemars Area Chamber Of Commerce Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lemars Area Chamber Of Commerce Incorporated 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, Lemars Area Chamber Of Commerce Incorporated generated $247.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $214.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ALL ACTIVITIES ARE FOR THE PURPOSE OF PROMOTING AND ENHANCING THE COMMUNITY OF LE MARS, IA

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBERSHIPS, DUES AND EVENT REVENUES ARE USED TO FUND THE CHAMBER'S ACTIVITIES AND PROMOTE BUSINESS GROWTH IN LE MARS, IOWA.


PORPOSE OF ACCOCMPLISHMENTS IS TO HELP RESTORE MAIN STREET & HELP LOCAL BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Albert
Treasurer
$0
Michaela Brown
President
$0
Micah Lang
Vice Preside
$0
Terri Martin
Vice Preside
$0
Jennifer Scholten
Vice Preside
$0
Mike Wells
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$36,825
Related organizations$0
Government grants $21,000
All other contributions, gifts, grants, and similar amounts not included above$37,219
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$95,044
Total Program Service Revenue$96,532
Investment income $90
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$9,234
Net Income from Gaming Activities $5,625
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $247,597

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