Wessington Springs Area Chamber & Development
- Assets
- $63.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Wessington Springs, SD
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 46-0336659
Organization Overview
Wessington Springs Area Chamber & Development is located in Wessington Springs, SD. The organization was established in 1997. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, 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. Wessington Springs Area Chamber & Development is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Wessington Springs Area Chamber & Development generated $50.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.2%) each year. All expenses for the organization totaled $62.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY PROMOTIONS AND MARKETING EVENTS TO PROMOTE AND BENEFIT THE WESSINGTON SPRINGS COMMUNITY AND JERAULD COUNTY
Describe the Organization's Program Activity:
Part 3
BONUS BUCKS EXPENSE
SPECIAL FUNDS PASS THROUGH EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quinten Burg Chairperson | 1 | $0 | |
Heather Larson Vice-Chair | 1 | $0 | |
Mette Ness Secretary/treasurer | 1 | $0 | |
Lynn Ogren Director | 1 | $0 | |
Phil Wipf Director | 1 | $0 | |
Michelle Tong Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,310 |
| Total Program Service Revenue | $0 |
| Membership dues | $17,650 |
| Investment income | $489 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,098 |
| Other Revenue | $0 |
| Total Revenue | $50,547 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,381 |
| Professional fees and other payments to independent contractors | $16,362 |
| Occupancy, rent, utilities, and maintenance | $21,492 |
| Printing, publications, postage, and shipping | $5,873 |
| Other expenses | $0 |
| Total expenses | $62,108 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,085 |
| Other assets | $0 |
| Total assets | $63,826 |
| Total liabilities | $0 |
| Net assets or fund balances | $63,826 |