Greater Newton Area Chamber Of Commerce
- Assets
- $275.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, IA
- Founding
- 07/1972
- Data as of
- 12/2023
- EIN
- 42-0437820
Organization Overview
Greater Newton Area Chamber Of Commerce is located in Newton, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Newton Area 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 12/2023, Greater Newton Area Chamber Of Commerce generated $118.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $105.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
COMMUNITY EVENTS - GOLF OUTING, 4TH OF JULY PARADE, CAR SHOW, COMMUNITY INVOLVEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lee Co-Chair | 2 | $0 | |
Kristi Rhoads Co-Chair | 2 | $0 | |
Katie Kuhn Vice Chair | 2 | $0 | |
Robbi Kingery Treasurer | 2 | $0 | |
Jamie Bennett Board Member | 0.5 | $0 | |
Carson Claypool Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $91,784 |
| Investment income | $1,259 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,771 |
| Other Revenue | $700 |
| Total Revenue | $118,014 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $56,421 |
| Professional fees and other payments to independent contractors | $3,745 |
| Occupancy, rent, utilities, and maintenance | $15,975 |
| Printing, publications, postage, and shipping | $1,662 |
| Other expenses | $28,069 |
| Total expenses | $105,872 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $200,533 |
| Other assets | $0 |
| Total assets | $274,971 |
| Total liabilities | $77,983 |
| Net assets or fund balances | $196,988 |