Webster Area Chamber Of Commerce is located in Webster, SD. The organization was established in 1974. 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. Webster 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, Webster Area Chamber Of Commerce generated $71.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $59.3k during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROMOTION OF THE BUSINESS IN WEBSTER, SD
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Anderson Director | 2 | $0 | |
Kathy Kwasniewski Secretary | 2 | $0 | |
Natalie Zirbel Director | 2 | $0 | |
Eric Hanson President | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,264 |
| Total Program Service Revenue | $33,126 |
| Membership dues | $24,970 |
| Investment income | $270 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,630 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,053 |
| Professional fees and other payments to independent contractors | $1,375 |
| Occupancy, rent, utilities, and maintenance | $3,250 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,625 |
| Total expenses | $59,303 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,479 |
| Other assets | $0 |
| Total assets | $31,479 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,479 |