Marathon Chamber Of Commerce
- Assets
- $765.0k
- Revenue
- $619.7k
- Investments
- $0.0
- Employees
- 12
- Location
- Marathon, FL
- Founding
- 12/1945
- Data as of
- 12/2021
- EIN
- 59-0541790
Organization Overview
Marathon Chamber Of Commerce is located in Marathon, FL. The organization was established in 1945. 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, Marathon Chamber Of Commerce employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marathon 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, Marathon Chamber Of Commerce generated $619.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $545.5k during the year ending 12/2021. While expenses have increased by 0.9% 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 PROMOTE, ADVOCATE AND INFORM THE BUSINESS COMMUNITY IN MARATHON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, ADVOCATE AND INFORM THE BUSINESS COMMUNITY IN MARATHON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betancourt Grimi Secretary | OfficerTrustee | 2 | $0 |
Stevens Patrick Chairman | OfficerTrustee | 2.5 | $0 |
Weber Michael Treasurer | OfficerTrustee | 1 | $0 |
Robyn Still Chair Elect | Trustee | 1 | $0 |
Kelly Bill Past Chair | Trustee | 1 | $0 |
Kiraly Mike Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,643 |
| 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 | $290,643 |
| Total Program Service Revenue | $247,473 |
| Investment income | $1,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,636 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,362 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $619,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,457 |
| Pension plan accruals and contributions | $6,205 |
| Other employee benefits | $41,475 |
| Payroll taxes | $22,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,799 |
| Advertising and promotion | $24,464 |
| Office expenses | $10,407 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,175 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,669 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,488 |
| Insurance | $23,513 |
| All other expenses | $23,891 |
| Total functional expenses | $545,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,104 |
| Savings and temporary cash investments | $390,762 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,811 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,604 |
| Prepaid expenses and deferred charges | $12,767 |
| Net Land, buildings, and equipment | $232,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $485 |
| Total assets | $765,010 |
| Accounts payable and accrued expenses | $416 |
| Grants payable | $0 |
| Deferred revenue | $121,339 |
| 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 | $1,898 |
| Total liabilities | $123,653 |
| Net assets without donor restrictions | $607,450 |
| Net assets with donor restrictions | $33,907 |
| 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 | $765,010 |
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