Urbandale Chamber Of Commerce
- Assets
- $394.5k
- Revenue
- $593.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Urbandale, IA
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 42-1353605
Organization Overview
Urbandale Chamber Of Commerce is located in Urbandale, IA. The organization was established in 1993. 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 12/2023, Urbandale Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urbandale 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, Urbandale Chamber Of Commerce generated $593.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $595.5k during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE URBANDALE CHAMBER'S MISSION IS TO SERVE, PROTECT AND PROMOTE MEMBER BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER SPONSORS EDUCATIONAL BUSINESS CONFERENCES, INCLUDING TOPICS SUCH AS MANAGERIAL TRAINING, LEADERSHIP, NETWORKING SKILLS, HUMAN RELATIONS, AND OTHER OPPORTUNITIES.
THE CHAMBER ORGANIZES BUSINESS LUNCHEONS, EDUCATIONAL CLASSES CALLED CIB ACADEMY AND NETWORKING EVENTS TO EDUCATE AND PROVIDE NETWORKING OPPORTUNITIES WITH OTHER BUSINESSES, LEARN ABOUT CURRENT PROFESSIONAL TOPICS, AND ALLOW MEMBERS TO PROMOTE THEIR BUSINESSES.
THE CHAMBER HOSTS AN ANNUAL EVENT CALLED SAMPLE URBANDALE - A CELEBRATION OF BUSINESS. THIS EVENT GIVES MEMBER RESTAURANTS AN OPPORTUNITY TO SHOWCASE THEIR CULINARY SKILLS TO CHAMBER MEMBERS AND THE GENERAL PUBLIC. THE CELEBRATION HONORS A BUSINESS OF THE YEAR, SMALL BUSINESS OF THE YEAR, CONNECTOR OF THE YEAR, YOUNG PROFESSIONAL OF THE YEAR, CITIZEN OF THE YEAR, AND HALL OF FAME INDUCTEE. MEMBER BUSINESSES ARE SELECTED AS THE BEST OF CLASS IN THEIR RESPECTIVE CATEGORY OF BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | Officer | 40 | $107,211 |
Name Not Listed Vice Preside | Officer | 40 | $69,863 |
Name Not Listed Chair | OfficerTrustee | 8 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 8 | $0 |
Name Not Listed Past Chair | OfficerTrustee | 8 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $470,319 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $470,319 |
| Total Program Service Revenue | $77,078 |
| Investment income | $5,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,770 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,558 |
| 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. | $177,074 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,986 |
| Pension plan accruals and contributions | $4,446 |
| Other employee benefits | $47,127 |
| Payroll taxes | $23,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,476 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,663 |
| Office expenses | $26,912 |
| Information technology | $3,940 |
| Royalties | $0 |
| Occupancy | $41,056 |
| Travel | $12,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,793 |
| Interest | $5,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,533 |
| All other expenses | $22,534 |
| Total functional expenses | $595,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,114 |
| Savings and temporary cash investments | $147,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $34,429 |
| Net Land, buildings, and equipment | $1,664 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $394,468 |
| Accounts payable and accrued expenses | $8,202 |
| Grants payable | $0 |
| Deferred revenue | $136,257 |
| 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 | $50,540 |
| Other liabilities | $64,643 |
| Total liabilities | $259,642 |
| Net assets without donor restrictions | $134,826 |
| 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 | $394,468 |