Chamber Of Commerce Of Independence Missouri is located in Independence, MO. The organization was established in 1943. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Chamber Of Commerce Of Independence Missouri employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Of Independence Missouri 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, Chamber Of Commerce Of Independence Missouri generated $867.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $742.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
ADVANCE THE ECONOMIC, INDIVIDUAL, PROFESSIONAL, CULTURAL, EDUCATIONAL, SOCIAL AND CIVIC WELFARE OF THE INDEPENDENCE, MISSOURI METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERED BUSINESS THROUGH EXPANSION AND CREATION OF JOBS BY PROMOTING INDEPENDENCE, MISSOURI AS A BUSINESS CENTER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tom Lesnak President | Officer | 28 | $115,869 |
Kristine Zerr Vice President & Director | Officer | 40 | $43,335 |
Eric Knipp Board Chair-Elect | Trustee | 1.5 | $0 |
Kim Deveney Board Treasurer | Trustee | 1.5 | $0 |
Sonci Bleckinger Immediate Past Chairman | Trustee | 2 | $0 |
Jim Allin Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $41,600 |
All other contributions, gifts, grants, and similar amounts not included above | $129,811 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $171,411 |
Total Program Service Revenue | $495,673 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $200,137 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $867,221 |
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. | $189,796 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $274,739 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,285 |
Payroll taxes | $24,511 |
Fees for services: Management | $0 |
Fees for services: Legal | $220 |
Fees for services: Accounting | $6,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,398 |
Advertising and promotion | $8,556 |
Office expenses | $23,892 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $33,862 |
Travel | $1,970 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $51,885 |
Interest | $2,267 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $39,733 |
Insurance | $19,313 |
All other expenses | $14,473 |
Total functional expenses | $742,661 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $123,637 |
Savings and temporary cash investments | $5,002 |
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 | $0 |
Net Land, buildings, and equipment | $817,877 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $946,516 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $30,787 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $149,900 |
Total liabilities | $180,687 |
Net assets without donor restrictions | $765,829 |
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 | $946,516 |
Organization Name | Assets | Revenue |
---|---|---|
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Sevierville Chamber Of Commerce Inc Sevierville, TN | $2,086,252 | $5,895,528 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |