Brandon Chamber Of Commerce
- Assets
- $328.9k
- Revenue
- $368.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Brandon, SD
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 46-0414476
Organization Overview
Brandon Chamber Of Commerce is located in Brandon, SD. The organization was established in 1991. 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, Brandon Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brandon 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 12/2021, Brandon Chamber Of Commerce generated $368.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $290.1k during the year ending 12/2021. While expenses have increased by 1.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE PRIMARY ADVOCATE, VOICE, AND RESOURCE FOR BUSINESSES AND ORGANIZATIONS IN THE BRANDON VALLEY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE INTEREST IN THE BRANDON AND VALLEY SPRINGS, SD AREAS AND TO ENCOURAGE THE DEVELOPMENT OF EXISTING AND NEW BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachael Neiman Executive Di | Officer | 40 | $64,081 |
Amanda Starzl Chair | OfficerTrustee | 0.5 | $0 |
Val Lemkau Secretary/tr | OfficerTrustee | 0.5 | $0 |
Bob Logan Vice Chair | OfficerTrustee | 0.5 | $0 |
Chuck Parsons Past Chair | OfficerTrustee | 0.5 | $0 |
Brandon Kathman Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $124,974 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,000 |
| 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 | $274,974 |
| Total Program Service Revenue | $91,844 |
| Investment income | $350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,005 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,963 |
| 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. | $70,053 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,765 |
| Pension plan accruals and contributions | $1,281 |
| Other employee benefits | $17,909 |
| Payroll taxes | $8,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $65,077 |
| Office expenses | $3,506 |
| Information technology | $717 |
| Royalties | $0 |
| Occupancy | $30,785 |
| Travel | $275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,681 |
| Insurance | $6,092 |
| All other expenses | $4,058 |
| Total functional expenses | $290,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,897 |
| Savings and temporary cash investments | $78,307 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,699 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $328,903 |
| Accounts payable and accrued expenses | $19,404 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,404 |
| Net assets without donor restrictions | $309,499 |
| 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 | $328,903 |
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