Sherman Area Chamber Of Commerce
- Assets
- $50.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman, IL
- Founding
- 03/2016
- Data as of
- 06/2017
- EIN
- 46-3269448
Organization Overview
Sherman Area Chamber Of Commerce is located in Sherman, IL. The organization was established in 2016. 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. Sherman 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 06/2017, Sherman Area Chamber Of Commerce generated $15.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $4.8k during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (24.5%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Bull President | 0.5 | $0 | |
Jeremy Gebhardt Secretary | 0.5 | $0 | |
Ed Legner Treasurer | 0.5 | $0 | |
Julie Timm Vice President | 0.5 | $0 | |
Andrew Alton Board Member | 0.5 | $0 | |
Adam Cruse Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,306 |
| Total Program Service Revenue | $0 |
| Membership dues | $10,425 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,832 |
| Other Revenue | $0 |
| Total Revenue | $15,899 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $988 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,773 |
| Other expenses | $2,048 |
| Total expenses | $4,809 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,324 |
| Other assets | $0 |
| Total assets | $50,324 |
| Total liabilities | $149 |
| Net assets or fund balances | $50,175 |