Deadwood Area Chamber Of Commerce & Vb
- Assets
- $473.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 25
- Location
- Deadwood, SD
- Founding
- 08/1942
- Data as of
- 12/2021
- EIN
- 46-0118544
Organization Overview
Deadwood Area Chamber Of Commerce & Vb is located in Deadwood, SD. The organization was established in 1942. 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, Deadwood Area Chamber Of Commerce & Vb employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deadwood Area Chamber Of Commerce & Vb 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, Deadwood Area Chamber Of Commerce & Vb generated $1.4m 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 $1.5m 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
THE CHAMBER PROMOTES THE CITY OF DEADWOOD AND THE SURROUNDING AREA AND ENCOURAGES ECONOMIC DEVELOPMENT AND EXPANSION THROUGH THE NUMEROUS COMMITTEES AND ACTIVITIES IT SUPPORTS AND PROMOTES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER STAGES SEVERAL SPECIAL EVENTS THROUGHOUT THE YEAR. THESE EVENTS ATTRACT A LARGE AUDIENCE TO THE CITY AND THE REGION. THE PEOPLE WHO COME TO THE AREA FOR THE EVENTS SPEND A GREAT DEAL OF TIME AND MONEY WITH THE LOCAL BUSINESS COMMUNITY AND ALSO ARE EXPOSED TO THE LOCAL HISTORY AND OTHER AREA HISTORICAL ATTRACTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Harstad Director | Officer | 45 | $96,116 |
Louie Lalonde President | Officer | 5 | $0 |
Michelle Fischer Vice-President | Officer | 3 | $0 |
Tom Koth Secretary | Officer | 3 | $0 |
Susan Kightlinger Treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,234,416 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,438,763 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$94,232 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,626 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,384,462 |
| 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. | $96,116 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,499 |
| Pension plan accruals and contributions | $16,665 |
| Other employee benefits | $55,171 |
| Payroll taxes | $57,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,053 |
| Fees for services: Accounting | $3,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $473,963 |
| Office expenses | $58,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,288 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,496 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,731 |
| Insurance | $6,363 |
| All other expenses | $33,520 |
| Total functional expenses | $1,480,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,262 |
| Savings and temporary cash investments | $50,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $99,421 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $473,854 |
| Accounts payable and accrued expenses | $31,117 |
| Grants payable | $0 |
| Deferred revenue | $45,700 |
| 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 | $255,212 |
| Other liabilities | $0 |
| Total liabilities | $332,029 |
| Net assets without donor restrictions | $141,825 |
| 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 | $473,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Deadwood Area Chamber Of Commerce & Vb has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: ECONOMIC DEVELOPMENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |
Wyoming Chambers Health Benefit Association Gillette, WY | $3,153,493 | $5,111,173 |
New Better Business Bureau Inc Omaha, NE | $8,883,722 | $5,104,852 |